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The Latest Breaking News from FTC

The UK adopts an Online Safety Bill that allows regulation of encrypted messaging

Episode 473 of the Cyberlaw Podcast

Reason

Amazon facing major anti-trust lawsuit for allegedly ripping off customers and suffocating competition

‘Amazon is a monopolist and it is exploiting its monopolies in ways that leave shoppers and sellers paying more for worse service,’ FTC chair Lina Khan said

The Independent UK

Amazon sued by FTC and 17 states over allegations it inflates online prices and overcharges sellers

The Federal Trade Commission and 17 state attorney generals filed an antitrust lawsuit against Amazon on Tuesday, alleging the e-commerce behemoth uses its position in the marketplace to inflate prices on other platforms, overcharge sellers and stifle competition

The Independent UK

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U.S. sues Amazon in a monopoly case that could be existential for the retail giant

The Federal Trade Commission and 17 states accuse Amazon of suffocating rivals and raising costs for both sellers and shoppers.

WEKU

Competition, Not Antitrust, Is Humbling the Tech Giants

The worst of the antitrust alarmism keeps proving untrue, as tech companies believed by some to be monopolies instead lose market share.

Reason

Biden Administration Forgives $37M In Student Debt For University Of Phoenix Victims

FTC investigation leads to relief for borrowers as Biden's broader debt forgiveness plan faces hurdles.

Zenger

Fortnite refunds — how to apply for a piece of $245 million ‘deceptive practices’ settlement

The FTC accused Epic Games of using “design tricks aimed at getting consumers of all ages to make unintended in-game purchases” and making it easy for kids to rack up charges without parental consent.

Chicago Sun-Times

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Did your kids buy gear in Fortnite without asking you? The FTC says you could get a refund

Parents whose kids bought virtual gear without their knowledge on the popular Fortnite video game could soon be able to get a refund

The Independent UK

Microsoft leaked a new Xbox Series X and upcoming Bethesda games

The FTC accidentally leaked several unredacted documents from Microsoft’s antitrust hearing over the Xbox Activision acquisition

USA Today Sports Media Group

Microsoft's massive Xbox leak is an error for the ages

The FTC blames Microsoft for the accidental publication of confidential documents relating to future Xbox consoles and Bethesda games.

Fortune

Elder Scrolls 6 will not come to PlayStation 5

Elder Scrolls VI will be an Xbox console exclusive, according to Microsoft

Evening Standard

Free prescription discount cards from GoodRx — What’s the catch?

GoodRx’s prescription savings program offers significant discounts on prescription drugs, but not without some catches

The Independent UK

Another Elon Musk book dropped on Tuesday: U.S. attorneys ripping him for Twitter's 'chaotic environment,' full of anecdotes from former workers' depositions

Comments follow attempt to terminate a privacy settlement.

Fortune

Twitter chaos after Elon Musk takeover may have violated privacy order, DoJ alleges

US Department of Justice questions compliance with FTC order on data security and privacy practices

The Guardian - UK

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StockNews.com

3 Pharma Stocks for Value Investors

The aging global population and the growing demand for drugs and therapies to treat chronic diseases are boosting the long-term prospects of the pharmaceutical industry. Amid this backdrop, value investors could consider buying fundamentally strong pharma stocks GSK plc (GSK), Horizon Therapeutics (HZNP), and Neurocrine Biosciences (NBIX), as they are…

Investors Business Daily

Why Amgen's $28 Billion Merger News Also Bodes Well For Pfizer, Biogen

Amgen stock rose Friday after the FTC dropped its lawsuit, clearing the way for the biotech to buy Horizon Therapeutics for $28 billion.

Investors Business Daily

Amazon Rides High Amid Challenges In Cloud Computing, E-Commerce And FTC Probe

Amazon is the IBD Stock of the Day as the e-commerce and cloud computing giant is actionable and investors shrug off antitrust concerns.

Reason

HHS Asks DEA To Reclassify Cannabis as Equivalent to Testosterone and Codeine Tylenol

Plus: Tennessee prosecutor threatens to use drag law that was declared unconstitutional, ACLU asks FTC to investigate Mastercard's adult content policy, and more...

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news in one place.

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Fortune

A.I. trained on private user data never really 'forgets'

As it turns out, it’s impossible to remove a user’s data from a trained A.I. model. Deleting the model entirely is also difficult—and there’s little regulation to enforce either option.

The Independent UK

How to avoid the biggest text message scam putting your money at risk

Bank impersonations are the top reported type of text message scam

The Independent UK

How to avoid the No. 1 text message scam putting your money at risk

Bank impersonations are the top reported type of text message scam

Investors Business Daily

Horizon Therapeutics Jumps On A New FTC Development In The Amgen Takeover Battle

The FTC pulled back one of its efforts to block Amgen's Horizon buyout, according to a document released Friday that sent HZNP stock flying on Monday.

Windows Central

To appease the CMA, Microsoft restructures the Activision Blizzard King deal

Microsoft Vice President Brad Smith has penned a blog regarding the Activision Blizzard King deal that details Microsoft's plans to sell cloud gaming rights for ABK titles to Ubisoft in perpetuity.

Reason

Most Republican Voters Aren't Loyal Trumpists, Suggests Survey

Plus: Kansans fight over driver's license gender markers, chain restaurants bridge social divides, and more...

Windows Central

Microsoft retracts bizarre AI-generated article that recommended Ottawa Food Bank as a tourist attraction

Microsoft recently posted an article on Microsoft Start (MSN) highlighting top places to visit while in Ottawa, Canada, the third option on the list was off-putting. This is because it recommended the Ottawa Food Bank as one of the top sites.

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