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The Latest Breaking News from FTC

Amazon fined $30 million for Alexa child privacy and Ring violations

Amazon will pay $30 million to settle privacy allegations for its Ring security cameras and Alexa recordings of children.

Tom’s Guide

Amazon must pay over $30 million over claims it invaded privacy with Ring and Alexa

The Federal Trade Commission has accused the online retailer of harboring children's data even when parents request it to be deleted, as well giving its Ring employees access to users' videos.

WEKU

Amazon pays over $30 million to settle Alexa and Ring privacy lawsuits

Amazon settles two FTC complaints in one day to the tune of around £25 million

Evening Standard

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Amazon to pay out $30.8m over alleged spying on customers

Tech giant agrees to settlement after employee allegedly spied on women using Ring cameras in bedrooms and bathrooms.

Al Jazeera

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

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

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Investors Business Daily

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.

Windows Central

Microsoft's purchase of Activision Blizzard reportedly approved in China

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

Fortune

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.

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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.

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

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