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The Latest Breaking News from FTC

US antitrust enforcers will investigate leading AI companies Microsoft, Nvidia and OpenAI

U.S. antitrust enforcers have decided to investigate the roles Microsoft, Nvidia and OpenAI have played in the artificial intelligence boom, according to people familiar with the pending actions

The Independent UK

Microsoft AI Startup Deal Investigated by FTC: What To Know

The FTC is questioning whether Microsoft's agreement with Inflection AI was structured to avoid an antitrust review. Here's what you need to know.

Kiplinger

US Opens Doors For Antitrust Investigations Into Tech Giants Nvidia, Microsoft, OpenAI

The FTC and the Justice Department have cleared the way for an antitrust investigation into Microsoft, Nvidia and OpenAI.

International Business Times

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U.S. to open broad antitrust probe into AI giants

Microsoft and Nvidia among the companies under scrutiny.

Axios

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

‘Strong likelihood’ ECB is in dialling back phase, says Lagarde, after first rate cut since 2019 – as it happened

European Central Bank lowers borrowing costs for first time in almost five years, but won’t pre-commit to further cuts

The Guardian - UK

The FTC scrambles to rescue its Meta break-up suit

The antitrust regulator says the company now known as Meta kept it in the dark when making key acquisitions.

Fortune

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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

The tragedy of "MoviePass, MovieCrash"

An HBO documentary illuminates the complex story behind MoviePass' seismic rise and fall

Salon

2025 Cadillac's Optiq Crossover Aims For A Newer And Younger EV Crowd

Today on Critical Materials: Cadillac wants young buyers for new Optiq EV, Elon Musk called out for being distracted and dealers aren't happy with the FTC.

InsideEVs

US Democrats Call For Criminal Probe Into Big Oil Price-fixing

Senate Majority Leader Chuck Schumer and nearly two dozen Democrats called on the Justice Department Thursday to investigate the oil and gas industry over allegations of price-fixing.

International Business Times

Senate Democrats Call For DOJ Action Against Oil Collusion

Senate Democrats push for DOJ probe into alleged oil industry collusion and price-fixing, citing FTC findings and concerns over increased fuel costs. Repub...

Top News

Best Buy and Geek Squad were the most impersonated companies in tech scams last year

FTC advises which companies are most frequently impersonated, how they’re impersonated, and more.

TechRadar

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Fortune

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.

Kiplinger

I’ve Been Scammed Twice: Here’s How You Can Avoid That

What can you count on besides death and taxes? That older adults will get scammed, even savvy ones like me. Here are scams to watch for and how to get help.

Kiplinger

If You're Out of Work, Don't Fall for a Phony Job Offer

The rise in layoffs has created fertile ground for employment-related scams.

The Guardian - US

Corporations are forcing Americans to pay more for less – in their own words

Companies in the oil, hotel, meat and other sectors are price-gouging the US public. They’re not hiding it, either

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Windows Central

What to expect from the Xbox Games Showcase 2024: A roadmap for the future, and big questions answered — but will you like the answers?

Microsoft's big Xbox Games Showcase for 2024 kicks off in earnest on June 9, 2024. Xbox has been under a microscope this year for upending console exclusivity traditions as well as layoffs. Microsoft will be hoping to turn a page at the showcase, but will it be enough?

Kiplinger

No Noncompete Clauses? What Does That Look Like?

Businesses are challenging the FTC’s recent ban on noncompete clauses, but would a world without noncompetes really be so bad for business?

The Conversation

Worried your address, birth date or health data is being sold? You should be – and the law isn’t protecting you

Australians don’t know and can’t control how data brokers are spreading their personal information. This is the core finding of a newly released report from the Australian Competition and Consumer Commission (ACCC).

Reason

Will Antitrust Policy Smother the Power of AI?

Left alone, artificial intelligence could actually help small firms compete with tech giants.

Kiplinger

IRS Direct File Will Be Permanent, Competing With TurboTax, H&R Block

The IRS says it will bring Direct File back next tax season.

International Business Times

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.

Kiplinger

Tell the College Student in Your Life to Look Out for This Scam

Scammers are targeting college graduates with fake job ads, according to the FTC.

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People

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