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The Latest Breaking News from FTC

Amazon to pay over $30 million in FTC settlements over Ring, Alexa privacy violations

Amazon Alexa violated children's privacy, FTC says.

Axios

FTC charges Amazon with privacy violations over Alexa and Ring cameras

Amazon will pay more than $30 million to settle alleged privacy violations involving its voice assistant Alexa and its doorbell camera Ring

The Independent UK

Amazon Hit With a New FTC Lawsuit That Reveals Worrisome Privacy Issues

Ring is paying for some very lax privacy policies.

The Street

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Amazon’s Ring to pay $5.8m fine over claims it gave employees full access to videos

The FTC alleges Amazon's Ring shared videos from customer's doorbell cameras with Ukraine-based third-party companies and to all employees, allowing them to share the content too

Daily Mirror

Experts say AI poses ‘extinction’ level of risk, as Congress seeks legislative response - Roll Call

The latest warning about AI from experts adds to the urgency for a government response from Congress and regulators.

Roll Call

Clothing retailers want QR codes to replace bulky tags

Digital clothing tags let you scan a QR code for product details.

Axios

Accused seller of ‘sham’ health insurance paid $100 million for consumer refunds before seeking bankruptcy protection

A Tampa, Florida-based health insurance distributor accused by the Federal Trade Commission of misleading consumers into buying “sham” health insurance plans has filed for Chapter 11 bankruptcy protection.

Tribune News Service

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The FTC Is Investigating Anti-Competitive Baby Formula Contracts. Bad Federal Policy Is To Blame.

If the FTC wants to know why there's such a notable lack of competition within America's baby formula market, it ought to ask other parts of the federal bureaucracy.

Reason

A more aggressive FTC is starting to target drug mergers and industry middlemen

Under the leadership of an aggressive opponent of anti-competitive business practices, the Federal Trade Commission is moving against drug companies and industry middlemen as part of the Biden administration’s push for lower drug prices at the pharmacy counter.

Tribune News Service

Activision Blizzard says it's 'committed to the Chinese market' following China's approval of Microsoft acquisition

Activision Blizzard gets a little good news from China for the first time in a while.

PC Gamer

Stock Market Rally Hits 2023 Highs As Big Techs Lead; Tesla, Walmart, On Holding In Focus: Weekly Review

The Nasdaq and S&P 500 hit 2023 highs, fueled by AI-led chips and software names. But market leadership remains narrow.

Investors Business Daily

Microsoft's purchase of Activision Blizzard reportedly approved in China

Chinese regulator SAMRA reportedly approved Microsoft's Activision Blizzard purchase for Xbox.

Windows Central

Carl Icahn’s activist play plays into the hands of Lina Khan and EU regulators

Every company with acquisition plans in the U.S. and Europe should be concerned about the FTC partnering with EU regulators to sink the Illumina-Grail deal.

Fortune

Scammers cost consumers $8.8 billion last year. Here’s how you can avoid becoming a target

Knowing the common warning signs of fraud can help you stop fraud in its tracks.

Fortune

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Fortune

A fertility app with lots of leaks

The agency says the fertility app Premom deceived users about their data.

The Guardian - US

Universal ‘chasing arrows’ recycling symbol could be dumped in US

Biden officials consider whether symbol, created for first Earth Day in 1970, is misleading because of use on non-recyclable material

Investors Business Daily

Dow Jones Breaks Support As President Biden Makes This Debt-Ceiling Move; Elon Musk Says Tesla Will 'Try' This

The Dow fell below its 50-day as President Biden signaled a debt-ceiling deal isn't close. Elon Musk said the Tesla Cybertruck is coming.

AFP

US sues to block $28 bn Amgen biopharma acquisition

New York (AFP) - US regulators filed a lawsuit Tuesday to block biopharmaceutical firm Amgen's proposed $28 billion takeover of drug maker Horizon Therapeutics, saying the transaction would harm consumers.

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PC Gamer

Advertising watchdog slams Roblox because of paid-for influencers shilling Robux without disclosure 'children can understand'

Windows Central

Satya Nadella: 'Wait for it all to play out' when asked about pulling out of the UK over Xbox-ABK deal

As the storied effort of Microsoft to acquire Activision Blizzard continues and theories fly left and right, we've got some additional commentary from Microsoft CEO Satya Nadella regarding the situation.

The Independent UK

Monopoly concerns push FTC to sue to block Amgen's more than $26B deal for Horizon

Federal regulators are suing to block biotech drug developer Amgen’s more than $26 billion deal for Horizon Therapeutics

The Guardian - UK

UK watchdog denies it blocked Microsoft deal on orders of US regulator

CEO of Competition and Markets Authority tells MPs decision not to allow acquisition of Activision Blizzard based on ‘own analysis’

Investors Business Daily

Horizon Tumbles — Taking Seagen, Prometheus With It — As FTC Blocks Amgen Takeover

The FTC plans to block Amgen's takeover of Horizon. The move reverberated across biotechs, with an HZNP stock crash leading the way.

The Street

Stocks Slip Lower, Retail Sales On Deck, Home Depot Earnings, Buffett Adds Capital One, Horizon Therapeutics Deal In Doubt - 5 Things To Know

Stock futures slip lower with debt ceiling talks in focus; Retail sales on deck after consumers powered Q1 GDP growth; Home Depot earnings in focus as retail week heats up; Warren Buffett's Berkshire Hathaway takes new position in Capital One and Horizon Therapeutics plunges on report FTC will sue to…

The Guardian - UK

EU approves Microsoft’s takeover of Activision Blizzard

But UK regulator the CMA, which blocked the deal, hits back over European decision on acquisition of Call of Duty maker

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