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In this episode, Diana Moss sits down with Scott Hemphill, the\xa0Moses H. Grossman Professor of Law at the New York University School of Law, to chat about his award-winning article:\xa0Nascent Competitors (Vol. 168 (No. 7), Penn. L. Review, 2020). Hemphill co-authored the article with Timothy Wu,\xa0currently serving as Special Assistant to President Biden for Technology and Competition Policy at the\xa0National Economic Council. The article highlights major issues and debate around how\xa0antitrust enforcers and the courts go about evaluating acquisitions of nascent competitors that could violate Section 7 of the Clayton Act. Nascent competitors are\xa0firms whose prospective innovation is a \u201cthreat\u201d to firms in a market. This threat is\xa0neutralized if a nascent rival is acquired, sometimes with serious\xa0implications\xa0for competition and consumers. Attention\xa0to acquisitions of\xa0nascent competitors has exploded across\xa0a number of sectors, including digital technology, fintech, healthcare, digital farming, and others. For business models that are driven by\xa0\u201cgrowth by acquisition,\u201d revisiting antitrust enforcement and\xa0competition policy around\xa0nascent rivals is particularly\xa0timely and important. \xa0 Antitrust scholarship that is considered and selected for the\xa0Jerry S. Cohen award\xa0reflects a concern for principles of economic justice, the dispersal of economic power, the maintenance of effective limitations upon economic power or the federal statutes designed to protect society from various forms of anticompetitive activity.\xa0Scholarship\xa0reflects an awareness of the human and social impacts of economic institutions upon individuals, small businesses and other institutions necessary to the maintenance of a just and humane society\u2013values and concerns Jerry S. Cohen dedicated his life and work to fostering.