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The Latest Breaking News from Federal Trade Commission

FDA Allows Import Of 2M Baby Formula Cans Amid Supply Shortage: Reuters

The FDA is easing regulations to allow infant formula imports from Britain, bringing around 2 million cans onto empty shelves by June to ease a nationwide shortage, Reuters reported. The FDA said it was "exercising enforcement discretion" to allow Britain-based Kendal Nutricare to import certain infant formula products under the Kendamil…

Benzinga

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

How tech rebooted economics and platforms broke the invisible hand

Growing evidence and new research explain the evolution of economic diversity and the need to rethink monopolies in the age of technology.

360info

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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

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

The Independent UK

NFL Releases Statement About Commanders’ Potential Financial Misconduct

Lawmakers sent a letter to the Federal Trade Commission concerning the financial conduct of the Commanders and Dan Snyder.

Sports Illustrated

Congress Says Commanders May Have Misappropriated Fans’ Money, Misrepresented Revenue

The Committee of Oversight and Reform sent the Federal Trade Commission an explosive letter detailing its new findings into Washington.

Sports Illustrated

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Congress tells FTC Commanders may have broken financial laws

The U.S. House Oversight Committee sent a letter to the Federal Trade Commission saying it found evidence the NFL's Washington Commanders engaged in unlawful financial conduct

The Independent UK

Walmart, Kohl's settle over 'eco-friendly' rayon products

Walmart and Kohl’s are paying a combined $5.5 million in settlements after he Federal Trade Commission said the retailers falsely marketed dozens of sheets and other home textile products as made of environmentally friendly bamboo

The Independent UK

Merger Arbitrage Mondays - Nielsen Holdings To Be Taken Private By A Consortium Of Private Equity Firms

Merger activity increased significantly last week with six new deals announced and eight deals completed. There were 17 deals announced in the month of March, with a total value of $64.55 billion. Nielsen Holdings (NYSE: NLSN)

Benzinga

Microsoft-Activision Deal Faces Regulatory Roadblock: WSJ

Four U.S. Senators sent a letter to the Federal Trade Commission citing concerns about Microsoft Corp’s (NASDAQ:MSFT) proposed acquisition of Activision Blizzard Inc (NASDAQ:ATVI), the Wall Street Journal reports. The Senators voiced concerns over undermining employees’ calls for accountability over alleged misconduct at the videogame giant. The deal could aggravate the barrage of sexual abuse, harassment, and…

Benzinga

FTC sues Intuit to stop 'bait-and-switch' TurboTax ads

The Federal Trade Commission is suing TurboTax maker Intuit, saying its ads for “free” tax filing misled consumers

The Independent UK

U.S. Supreme Court to decide whether federal courts have jurisdiction over challenges to the structure of the Federal Trade Commission

The U.S. Supreme Court agreed to hear Axon Enterprise, Inc. v. Federal Trade Commission in an order released on Jan. 24, 2022. The case concerns whether federal courts have the authority to review constitutional challenges to the structure of the Federal Trade Commission (FTC) if plaintiffs have not first raised…

Ballotpedia

Biogen's Aduhelm Approval, Marketing Comes Under FTC, SEC Probes

The Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC) have launched two separate investigations into Biogen Inc (NASDAQ: BIIB) and its Alzheimer's med, Aduhelm (aducanumab).

Benzinga

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Ballotpedia

SCOTUS accepts first cases for its 2022-2023 term

The Supreme Court of the United States (SCOTUS) accepted three cases for argument during its October 2022-2023 term on Jan. 24. These are the first cases SCOTUS has granted for its next term scheduled to begin on Oct. 3.

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Seven Things to Do Right Away If You're a Victim of a Data Breach

In today's digital age, data breaches have become all too common and leave unsuspecting consumers vulnerable to a host of identity theft issues.

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