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The Latest Breaking News from The Federal Trade Commission

Microsoft, OpenAI and Nvidia investigated over monopoly laws

US regulators open inquiry into AI firms over antitrust laws that oversee fair competition

The Guardian - UK

Congress asked to probe tech companies hiding antitrust evidence - Roll Call

Anti-monopoly groups requested Congress investigate tech company employees encrypting messages to destroy evidence.

Roll Call

Bottoms up: FTC set to sue country’s largest alcohol distributor over how it prices spirits

The US competition regulator is said to be preparing a lawsuit against Southern Glazer’s Wine and Spirits under a rarely-used 1936 law

The Independent UK

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Lina Khan’s noncompete crackdown could leave most doctors and nurses out in the cold

Provider groups are disappointed that the Federal Trade Commission’s new rule may not protect those who work for nonprofit hospitals and health care facilities, which employ the largest number of medical professionals.

Fortune

Schumer Urges FTC To Halt Chevron-Hess $53B Merger Over Fear Of Gas Price Hike

Senate Majority Leader Chuck Schumer has urged the Federal Trade Commission (FTC) to intervene in Chevron Corp's proposed $53 billion acquisition of Hess Corp, citing concerns over potential gas price increases.

International Business Times

FTC bars former Pioneer CEO in Exxon Mobil deal, saying he colluded with OPEC

Exxon Mobil's $60 billion deal to buy Pioneer Natural Resources received federal clearance, but former Pioneer CEO Scott Sheffield was barred from joining the new company's board of directors.

WEKU

US game devs celebrate as non-compete clauses, previously deemed 'a trash way to keep the talent', face a ban from the FTC—which would free up movement across the AAA industry

"There are going to be SO MANY new indie games from AAA devs if this goes through."

PC Gamer

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U.S. bans noncompete agreements for nearly all jobs

The Federal Trade Commission has voted to ban employment agreements that typically prevent workers from leaving their companies for competitors, or starting competing businesses of their own.

WEKU

Is the Kroger-Albertsons merger back on?

The FTC sued to block the $25 billion merger between two of the country’s largest supermarket chains

Salon

After 26,000 public comments, FTC to vote on rule banning noncompete agreements

The Federal Trade Commission will vote Tuesday on whether to issue a final rule banning noncompete agreements. The Biden administration has argued that noncompetes harm workers and stifle competition.

WEKU

The government announced winners of a contest to tell real voices from deepfake audio

Four organizations won a FTC contest for their tools that help tell real audio clips from deepfakes. The winners' approaches illuminate challenges AI audio deepfakes pose.

WEKU

How to Spot a Social Security Scam (and What to Do About It)

Here are a scam's red flags and how to report it if someone tries to scam you. The first things to do if a scammer contacts you: Remain calm and ignore them.

Kiplinger

Landmark data privacy deal would create first federal standard - Roll Call

Lawmakers said Sunday they have negotiated a bipartisan deal on federal data privacy, a breakthrough that previously eluded Congress.

Roll Call

TikTok is under investigation by the FTC over data practices and could face a lawsuit

A person familiar with the matter says the Federal Trade Commission is investigating TikTok over its data and security practices

The Independent UK

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The Street

Cancer charity sued for spending 1% of $18 million raised to help patients

The Federal Trade Commission has accused the nonprofit of being a "sham."

Top News

US Senate Confirms Republican Nominees To FTC

US Senate confirms Republican nominees to the FTC, enhancing regulatory balance and expertise.

Salon

Is the Kroger-Albertsons merger sunk?

Ninety percent of companies that fail to block preliminary injunctions abandon their merger plans, experts say

The Guardian - US

Largest-ever US supermarket merger faces block over fears of price hikes

FTC argues Kroger’s $24.6bn takeover of Albertsons would narrow consumer choice and weaken quality of products

The Street

FTC accuses H&R Block of 'unfair' and 'misleading' practices

The Federal Trade Commission has filed a complaint against the company for costing customers "time and money."

WEKU

FTC and 9 states sue to block Kroger-Albertsons supermarket merger

The Federal Trade Commission and 9 states want to stop the deal that would combine the country's two largest grocery store chains. The companies say they have to merge to compete with Walmart.

Roll Call

Lawmakers urge DOD to play larger role in scrutinizing mergers - Roll Call

In a new letter, two Democratic lawmakers want answers from the Pentagon about how it can step up oversight of proposed defense mergers.

TechRadar

The FTC bans AI impersonations of individuals — and unveils greater powers to win stolen money back

The Federal Trade Commission has said that individuals, not just business and government, will now be better protected from AI scams.

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