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The Latest Breaking News from FTC

FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal

The Federal Trade Commission is investigating Chevron’s acquisition of Hess oil company, the second inquiry the independent agency has opened this week of a major oil industry merger

The Independent UK

Microsoft vs. FTC II: The Wrath of Khan — the FTC once again comes for Microsoft, for gaming, and now AI too

The FTC will take a closer look to see if Microsoft and OpenAI violated antitrust laws. At this stage, the FTC has started preliminary inquiries but has not opened a formal investigation.

Windows Central

US senators introduce ‘fans first’ live-event ticketing reform bill

Bipartisan act aims to protect buyers from inflated pricing following Ticketmaster’s disastrous handling of Taylor Swift tour

The Guardian - US

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What Elizabeth Warren's Fear of a 'Sandwich Shop Monopoly' Reveals About Democrats' Priorities

Should a federal government that is nearly $34 trillion in debt and can't manage basic operations be micromanaging fast-food business purchases?

Reason

Microsoft and Xbox announced 'Marvel's Blade' at The Game Awards — but could it also be coming to PlayStation?

Microsoft and Xbox announced Marvel's Blade at The Game Awards, built by Arkane Lyon of Dishonored fame. The teaser trailer for the game generated a significant amount of hype, but there were no platforms mentioned anywhere, which is leading some to think that it won't be Xbox exclusive.

Windows Central

Ex–Twitter exec claims Elon Musk’s cost-cutting zeal gutted a federal agreement—and says he was fired for sounding the alarm

Alan Rosa said Twitter unlawfully fired him and denied him severance over his refusal to breach an FTC consent decree.

Fortune

Competition cop Lina Khan’s antitrust overreach is hurting U.S. competitiveness–and destroying billions of dollars in value

Antitrust overreach is hurting America's global competitiveness, with the FTC calculating industry concentration on a purely domestic basis.

Fortune

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23andMe isn’t the only DNA testing company that faced a data leak

The recent 23andMe data breach reveals yearslong battle of privacy and security concerns of DNA testing companies.

The Street

A father is warning others about a new AI ‘family emergency scam’

Philadelphia attorney Gary Schildhorn received a call from who he believed was his son, saying that he needed money to post bail following a car crash. Mr Schildhorn later found out he nearly fell victim to scammers using AI to clone his son’s voice, reports Andrea Blanco

The Independent UK

The common scam around the holidays – and how to get your money back

Everything you need to know about gift card scams

The Independent UK

Khosla, Tiger, NEA, and 27 other VC firms warn of “destructive” impact of FTC’s current M&A approach

“Exits through acquisition are critical to creating and maintaining a self-sustaining cycle of innovation,” a letter singed by the firms reads.

Fortune

Federal Trade Commission is investigating ExxonMobil's $60B deal to acquire a Texas oil company

Security filings show the Federal Trade Commission is investigating ExxonMobil’s $60 billion deal to acquire a Texas oil company, potentially one the largest energy industry mergers in two decades

The Independent UK

US Antitrust Regulators Probe ExxonMobil's Pioneer Deal

US antitrust officials are seeking additional information related to ExxonMobil's megadeal to acquire Pioneer Natural Resources for about $60 billion, according to a securities filing Tuesday.

International Business Times

Making the rubble bounce in Montana

Episode 484 of the Cyberlaw Podcast

Reason

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The Street

CVS Health higher on dividend boost and solid 2024 revenue forecast

CVS Health, facing the potential for deeper industry consolidation, lifted its 2024 sales forecast and boosted its quarterly dividend.

Kiplinger

Scammers Are Pretending to Be From Your Utility Company. Here's How To Shut Them Down

With scams in the utility sector on the rise during cold winter months, companies are spreading the word for customers to be on the lookout for fraudsters.

Windows Central

Microsoft Gaming CEO Phil Spencer says the ability to buy games and play through Xbox Cloud Gaming is still on the way

In an interview with Windows Central, Microsoft Gaming CEO Phil Spencer noted that the ability to play games you own through Xbox Cloud Gaming is still on the way.

International Business Times

Meta Sues US Regulator To Stop Privacy Settlement Change

Meta filed a lawsuit late Wednesday arguing that US regulators planning to change the terms of a 2020 privacy settlement are overstepping their authority and should be stopped.

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The Independent UK

Facebook parent Meta sues the FTC claiming 'unconstitutional authority' in child privacy case

The parent company of Instagram and Facebook has sued the Federal Trade Commission in an attempt to stop the agency from reopening a 2020 privacy settlement with the company that would prohibit it from profiting from data it collects on users under 18

The Street

Cigna tumbles on Humana merger talk reports; FTC already probing PBMs

Cigna and Humana would have a combined market value of $145 billion, but the FTC is likely to look closely at any potential merger plans.

The Independent UK

A father nearly fell for an AI phone scam. He’s now speaking out to help others

The Independent UK

How to get your money back after you’ve fallen for a gift card scam

Everything you need to know about gift card scams

The Hindu

Advocates resume work after three-day protest demanding basic amenities at court complex in Tiruvannamalai

Advocates in Tiruvannamalai resumed work after protesting lack of basic amenities in the court complex. The complex has 15 courts, incl. a special court for Pocso cases, but lacks air-conditioning, internet connectivity and lifts. Litigants, esp. elderly and women, find it difficult to access the court halls. PWD plans to…

Reason

Elizabeth Warren Wants the Government To Investigate America's 'Sandwich Shop Monopoly'

The owner of Jimmy John's and Arby's has bought Subway, and a Massachusetts senator has concerns.

Reason

58 Hostages Freed

Plus: China's "leftover women," Kamala's gas stove, and more...

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People

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