Shares of Live Nation (LYV) are moving lower after the FTC Commissioner nominee Mark Meador had a nomination hearing with the Senate. The comments by Meador “should dampen hopes” for any near-term Department of Justice relief for the company, according to Wolf Research. Wolfe nudged upward its break-up probability for Live Nation to 25% from 20%. The Justice Department, along with 30 state and district attorneys general, filed a civil antitrust lawsuit against the company and its subsidiary Ticketmaster in 2024 for “monopolization and other unlawful conduct that thwarts competition in markets across the live entertainment industry. Shares of Live Nation dropped 7% on Tuesday to $144.23.
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