This special episode is the audio of a program that ran during the ABA Antitrust Section's popular Virtual Spring Meeting April 20-May 1, 2020 – enjoy! New business models centered on evolving/expanding platforms raise critical questions about inter- and intrafirm relationships. How should regulators and competitors view these firms? Are they necessary ecosystem providers or threats to competitors' future growth and relevance? Is vertical digital platform integration welfare-enhancing or a means of restricting competition? SESSION CHAIR/MODERATOR Gabrielle Z.A. KOHLMEIER, Associate General Counsel, Verizon Communications, Washington, DC SPEAKERS Cristina CAFFARRA, Charles River Associates, Brussels Thomas KRAMLER, Head of Unit, DG Competition, European Commission, Brussels The Honorable Noah J. PHILLIPS, Commissioner, Federal Trade Commission, Washington, DC Craig A. WALDMAN, Jones Day, San Francisco, CA