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The Latest Breaking News from FTC

Invitation Homes agrees to pay $48 million to settle claims it saddled tenants with hidden fees

The nation’s largest owner of single-family homes for rent has agreed to pay $48 million to settle claims by the Federal Trade Commission

The Independent UK

Can you trust companies that say their plastic products are recyclable? US regulators may crack down on deceptive claims

Plastic is a fast-growing segment of U.S. municipal solid waste, and most of it ends up in the environment. Just 9% of plastic collected in municipal solid waste was recycled as of 2018, the most recent year for which national data is available. The rest was burned in waste-to-energy plants…

The Conversation

How "guarded" contracts set food prices

With food prices up 25% over the last four years, it may be worth asking – what determines the cost of food?

Salon

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read the most diverse news in one place.

Kroger-Albertsons merger will increase costs for shoppers, says FTC chair

Lina Khan made remark on largest-ever US grocery merger, which FTC is seeking to block, on CBS’s 60 Minutes

The Guardian - US

FTC Sues Pbms Over Soaring Insulin Prices

FTC lawsuit targets major PBMs for inflating insulin prices, impacting patients and drug costs. Debate over drug pricing and PBM role in healthcare system ...

Top News

The FTC win you haven't heard about

In a major ethics win, Lina “The Lion” Khan straight-up bodies the bullies of journalism

Salon

Minecraft is finally coming to PS5 a year after Xbox boss Phil Spencer told the FTC Sony was "reluctant" to send them dev kits

Xbox certainly isn't lacking the ability to make PS5 games these days

GamesRadar

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High insulin prices spur a federal lawsuit against three pharmacy benefit managers

The federal government is suing some pharmacy benefit managers over a system of drug rebates that regulators say has made the price of insulin soar for patients

The Independent UK

FTC Sues 'Middlemen' For Inflating Insulin Drug Prices

The suit accuses the "Big Three" of steering diabetes patients toward high-priced insulin to benefit their bottom lines

International Business Times

FTC says social media apps are surveilling kids and teens

They're doing very little to protect the young ones from harmful content and are pushing back against legislation.

TechRadar

Social media and online video firms are conducting ‘vast surveillance’ on users, FTC finds

Agency accuses Meta, Google, TikTok and other companies of sharing troves of user information with third-parties

The Guardian - US

US Accuses Social Media Giants Of 'Vast Surveillance'

A years-long analysis shows that social media titans engaged in "vast surveillance" to make money from people's personal information, according to the US Federal Trade Commission (FTC).

International Business Times

Michael Kors admits defeat by influencers and celebrities, claiming ‘brand fatigue’ in $8.5 billion federal antitrust trial

The FTC is attempting to block Tapestry’s acquisition of Capri, which would create a bag behemoth.

Fortune

Kroger and Albertsons prepare to make a final federal court argument for their merger

Closing arguments are coming up in the Federal Trade Commission's attempt to block the proposed merger of supermarket chains Kroger and Albertsons

The Independent UK

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Fortune

America’s national debt is ballooning—and any real solutions can only be bipartisan

Neither party seems to be seriously addressing a key issue: The national debt.

Fortune

The 5 most important economic questions CEOs still have for Harris and Trump

Tariffs, China, semiconductors and other vital economic issues have yet to be satisfactorily addressed by either candidate.

Salon

Megamerger threatens higher grocery cost

Kroger and Albertsons merger would benefit brands that exploited the pandemic and high inflation to raise prices

Windows Central

"I know that this is difficult news to hear." New Microsoft Gaming layoffs hit: Xbox CEO Phil Spencer announces 650 redundancies in email to staff

Microsoft Gaming is cutting 650 staff today, after eliminating 1900 staff earlier in the year following its Activision-Blizzard acquisition. In an email to staff shared to Windows Central, Xbox CEO Phil Spencer said no studios would be closed and no devices cancelled, with most layoffs landing in corporate functions.

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news in one place.

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International Business Times

McDonald's Makes A Big Change To A Popular Menu Product

It is the latest move by the fast food giant that is looking to lure more customers to its restaurants

International Business Times UK

Albertsons And Kroger CEOs Push For Merger Saying It'll Allow Them To Lower Prices And Better Compete Against Walmart, Costco And Amazon

Kroger and Albertsons seek to merge, arguing it will lower prices, but the FTC opposes the merger due to competition, job losses, and store closures.

TechRadar

Software group urges FTC to implement smart device software tethering guidance

In a letter to the FTC, a group of made up of 17 organizations and bodies is asking software tethering to be investigated.

Capital & Main

Bernie Sanders: Kamala Harris Can Beat Trump on the Economy

The longtime senator tells Capital & Main that backing Medicare expansion, higher taxes on the wealthy and a hike in the minimum wage is a winning agenda.

The Independent UK

The CEOs of Kroger and Albertsons are in court to defend plans for a huge supermarket merger

The chief executives of Kroger and Albertsons are set to testify in federal court about their companies' proposed merger

Fortune

Nvidia stock loses $280 billion in value as it confronts the antitrust police

Officials want to know if the AI chipmaker makes it hard for buyers to switch or shop around.

Kiplinger

IRS Back Taxes Scam Call Steals Millions

IRS fakes are cheating thousands of people out of “overdue tax debt.” Are you next?

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