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The Latest Breaking News from FTC

More Cracks in the FTC's Aggressive Antitrust Plans, as Court Refuses To Ban Meta From Buying V.R. Fitness App

Plus: Trump teases new avenues of authoritarianism, interest rates raised again, and more...

Reason

Meta's good day

Wall Street liked what it heard in the Facebook parent's latest earnings, and the company also won a round with the FTC.

Axios

Meta Gets Green Light To Continue VR Push Despite Massive Losses

Get ready to exercise in virtual reality with Meta.

The Street

From analysis to the latest developments in health,
read the most diverse news in one place.

FTC fines GoodRx for unauthorized sharing of health data

The Federal Trade Commission has imposed a $1.5 million penalty on telehealth and prescription drug discount provider GoodRx Holdings Inc. for sharing users’ personal health data with Facebook, Google and other third parties without their consent

The Independent UK

Chicago family sues after separation at border, meeting the mayoral candidates and more in your Chicago news roundup

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

Chicago Sun-Times

Discount prescription company GoodRx fined $1.5 million for sharing sensitive user info

The FTC alleged the company shared info on users’ medication and illnesses for the purpose of targeted ads.

Chicago Sun-Times

From ‘The Last of Us’ to ‘The Witcher’: Game adaptations are making waves, so what's being released next?

Thought you'd seen the last of game-to-live-action adaptations? Think again.

Fortune

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Sony ‘doesn’t need FTC protection’ says Activision following The Last of Us success

HBO's is a hit, and one executive believes it's proof that PlayStation will succeed despite Microsoft's purchase of Activision Blizzard.

USA Today Sports Media Group

Michael Hiltzik: The FTC is pushing new rights for workers. Big business is pitching a fit, of course

Whenever a government agency proposes a regulation that might help workers by reining in an employer abuse, you can count on some heavy breathing from the big business lobby.

Los Angeles Times

Ex-wife of TV pitchman Kevin Trudeau tells Chicago judge he had gold bars, says she’s ‘very scared’ of him

CHICAGO — The ex-wife of TV pitchman Kevin Trudeau told a Chicago federal judge Thursday she saw him handling dozens of gold bars over the course of their marriage and that she’s “scared” for her life now that he’s turned against her.

Chicago Tribune

Sen. Chuck Schumer demands FTC crackdown on assault weapons marketed to kids

WASHINGTON — Senate Majority Leader Chuck Schumer and fellow Democrats are demanding that the Federal Trade Commission clamp down on a gun manufacturer for marketing a mini assault-style rifle to children.

Tribune News Service

The FTC reportedly sued Microsoft to stop European bargaining

A new report says the FTC lawsuit against the Microsoft Activision deal happened to try and preempt the European commission’s decision

USA Today Sports Media Group

$18 a dozen: how did America’s eggs get absurdly expensive?

Producers blame avian flu for the soaring costs, but one farmers’ group is airing accusations of price-gouging

The Guardian - US

White House directs FTC, CFPB to probe housing rental market practices

Landlords will face greater federal scrutiny from the Consumer Financial Protection Bureau, Federal Trade Commission and other agencies amid rapidly rising rents under a plan that President Joe Biden released Wednesday.

Tribune News Service

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Roll Call

White House directs FTC, CFPB to probe housing rental market practices - Roll Call

The White House has directed the Consumer Financial Protection Bureau and the Federal Trade Commission to examine the housing rental market.

The Independent UK

Soaring egg prices prompt demands for price-gouging probe

With egg prices more than doubling in the past year, calls are coming for an investigation into possible price gouging

Salon

Egg industry accused of organized theft

Egg producers are using inflation, avian flu as an "opportunity to extract egregious profits," group says

The Street

'Pharma Bro' Martin Shkreli Is Trying to Form a New Drug Company

The Federal Trade Commission is asking a federal judge to hold Martin Shkreli in contempt of court.

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news in one place.

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Chicago Tribune

Commentary: Eliminating noncompete contracts will empower employees and entrepreneurship

The Federal Trade Commission has proposed an imminent ban on noncompete contracts. Prohibiting these contracts is an important step toward assuring we still have access to the American Dream. It will help businesses innovate in our tight labor market, ensure workers are not stuck in dead-end jobs and make the…

Reason

Elizabeth Warren, Jamaal Bowman Want To Give Lina Khan the Power To Impose Rent Control on the Whole Country

Warren and fellow progressive Democrats have asked President Joe Biden to use the FTC, HUD, or maybe the FHFA to impose nationwide rent control.

The Independent UK

Are resort fees ever worth it?

Resort fees that aren’t advertised as part of the room rate of a hotel stay can surprise many travelers when they see the final price

Los Angeles Times

You're hired! Now send us some personal information. Why job scams are skyrocketing

Two days after applying for a job on LinkedIn, Sandi Pounder received the good, if surprising, news.

WEKU

Many workers barely recall signing noncompetes, until they try to change jobs

Employers say that noncompete agreements are needed to protect trade secrets and investments. The FTC says they deprive workers of their economic liberties and has proposed a rule to ban them.

Reason

The FTC Wants To Outlaw Noncompete Clauses, but Does It Have the Authority?

The Commission's lone dissenter says Congress has not charged it with regulating noncompete clauses.

Tribune News Service

FTC ban may be test of bipartisan opposition to noncompete clauses

WASHINGTON — A proposal from the Federal Trade Commission to ban noncompete agreements aims to correct what some say is a harmful power imbalance between companies and employees, an issue prominent enough to have won over some members of the typically pro-business Republican Party.

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