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The Latest Breaking News from FTC

Larry Summers' new inflation target: Biden's "hipster" antitrust policies

Larry Summers is criticizing BIden's antitrust police on inflation, including the FTC and DoJ.

Axios

Banning 'Unconscionable Excessive' Gas Prices Is Risky Economic Nonsense

Democrats are trying to inject a political solution into an economic problem.

Reason

House approves bill to take aim at gasoline 'price gouging'

A closely divided House has approved legislation to crack down on alleged price gouging by oil companies as prices at the pump continue to soar

The Independent UK

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read the most diverse news in one place.

FTC to set its sights on ed tech companies

The commission prepares to take action against companies seen as using "surveillance" on kids.

Axios

Senators seek FTC probe of IRS provider ID.me selfie technology

A group of Democratic senators has asked the Federal Trade Commission to investigate whether identity verification company ID.me illegally misled consumers and government agencies over its use of controversial facial recognition software.

Tribune News Service

Elizabeth Warren Introduces Price-Gouging Bill That Fails To Define What Qualifies as Price Gouging

The bill would penalize companies for price gouging during times of war, public health emergencies, or natural disasters—which would have encompassed all of the last two years.

Reason

Is Petco's certification as a 'humane' retailer false advertising? PETA says yes

A valued certification for humane animal care awarded to Petco Health & Wellness in March is now under attack by PETA, which contends it amounts to false advertising.

Tribune News Service

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Lina Khan's to-do list on Big Tech

With a key spot on the FTC now filled, the commissioner has a chance to pursue a bigger agenda.

Axios

He got Congress to care about antitrust again. Now time is running out, Rep. David Cicilline says

WASHINGTON — David Cicilline was late getting into antitrust, at least for him.

Tribune News Service

Musk faces FTC antitrust review on Twitter alongside stock probe

The U.S. Federal Trade Commission is reviewing Elon Musk’s $44 billion Twitter Inc. takeover, a person familiar with the deal said, setting up a deadline in the next month for the agency to decide whether to conduct an in-depth review of the transaction.

Tribune News Service

Sony’s $3.6 billion acquisition of Bungie is reportedly under federal investigation

As consolidation concerns grow within the games industry, the agency is being thorough.

USA Today Sports Media Group

Report: Musk’s $44 Bln Buyout of Twitter Faces US Antitrust Review

The US Federal Trade Commission (FTC) is reviewing Tesla Chief Executive Elon Musk's $44 billion takeover of Twitter Inc, Bloomberg News reported on Thursday, citing a person familiar with the deal. The FTC declined to comment, while Musk could not be reached for comment. The agency will decide in the…

Asharq Al-Awsat

Stocks Move Lower, Fed Feels Pain, Elon Musk, eBay, Meta In Focus - 5 Things You Must Know

Stock futures retreat as post-Fed rate rally fizzles; Fed Chair Powell concedes inflation 'hardship' as rate hikes expected to slow growth; republican lawmaker wants FTC to preserve records linked to Musk and Twitter; eBay shares slump on muted outlook for online marketplace and Meta shares slide on reports its looking…

The Street

Should the FCC Block Elon Musk from Buying Twitter?

Last week, the Open Markets Institute called on the FCC, the FTC, and the DOJ to block Musk from buying Twitter: Yesterday Twitter's board agreed to sell the corporation to Elon Musk, the owner of Tesla and SpaceX. The Open Markets Institute believes the deal poses a number of immediate…

Reason

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Roll Call

He got Congress to care about antitrust again. Now time is running out, says David Cicilline - Roll Call

If Democrats lose control in the midterms, as most election handicappers expect, it could spell trouble for the push to rein in Big Tech.

Tribune News Service

Wall Street is betting that Microsoft-Activision deal will fail

Activision Blizzard Inc. shareholders approved the company’s $69 billion sale to Microsoft Corp on Thursday, but Wall Street is betting that Biden antitrust enforcers could unravel one of the largest mergers in U.S. history.

USA Today Sports Media Group

Activision Blizzard stockholders approve Microsoft buyout

Wall Street reportedly bets the deal will fail, though.

The Independent UK

Democrats pitch boosting FTC to curb gas price gouging

Democratic leaders have announced an effort to give the Federal Trade Commission increased authority to crack down on oil and gas companies that engage in price gouging

Get all your
news in one place.

100’s of premium titles.
One news app.

The Street

Intuit Sued After Hackers Stole Crypto from Customers

Intuit customers sued the company after its email marketing service was hacked.

The Independent UK

Can billionaire celebrity Mark Cuban fix America’s broken health system?

The celebrity investor has teamed up with a soft-spoken radiologist to tackle the USA’s healthcare crisis – and he has drug industry middlemen squarely in his sights, reports Io Dodds

Reason

Pseudonymous Lawsuit by Police Officer Over His Placement on "Exculpatory Evidence List"

I filed a motion to unseal and oppose pseudonymity last week in Doe v. Town of Lisbon (thanks to my students Ireland Larsen, Matthew Veldman, Erin Yonchak for their work on it), and I thought readers might find it interesting. The backstory, from a 2020 N.H. Supreme Court decision (see…

Sports Illustrated

Republican Debates Democrats Over Commanders Allegations

It comes after a committee sent a letter to the FTC concerning possible financial improprieties by the franchise, which Washington denied.

Roll Call

What's next in the Washington football team congressional oversight saga?

Accusations that the club kept revenue it was supposed to share with the NFL may become a larger issue than workplace harassment allegations.

Axios

Exclusive: U.S. Chamber seeks to delay confirmation of FTC commissioner

The U.S. Chamber of Commerce wants nominee Alvaro Bedoya to answer more questions.

Sports Illustrated

Attorneys General Comment on Commanders Allegations

The Virginia, Maryland and D.C. attorneys general have issued comment on the alleged financial improprieties by the Washington franchise.

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People

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