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The Latest Breaking News from FTC

Tech firms face more regulation after moves to stop 'killer' acquisitions – but innovation could also be under threat

One way to eliminate the competition in business is simply to buy them out and shut them down. And that means less choice for consumers and sometimes the loss of innovative and, in the case of the pharmaceutical industry, even life-saving products. But such so-called killer acquisitions are likely to…

The Conversation

Biden’s FTC has blocked 4 hospital mergers and is poised to thwart more consolidation attempts

Fresh off the Federal Trade Commission’s successful challenges to four hospital mergers, the Biden administration’s new majority on the commission is primed to more aggressively combat consolidation in the health care industry than it has in past years.

Tribune News Service

Consumer watchdogs in the UK and US join forces to recover millions for scam mail victims

Crooks used official-sounding names such as Award Notification Commission to con victims

Daily Mirror

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Data privacy, abortion limits set to collide post-Roe

WASHINGTON — The Supreme Court’s decision to overturn the federal right to abortion is likely to create a clash between state-by-state abortion restrictions and the patchwork of data privacy laws that are being legislated in the absence of a federal privacy law.

Tribune News Service

Data privacy, abortion limits set to collide post-Roe - Roll Call

After of the recent Supreme Court abortion decision, concerns about data collection being used to track women's reproductive choices grows.

Roll Call

Microsoft’s acquisition of Activision Blizzard might be approved next month

The FTC is still investigating, but an official ruling likely isn't far off.

USA Today Sports Media Group

Lipsticks, lattes . . . and now labradors: JAB’s bet on pets

Holding company’s investments in vets and insurance are under scrutiny from competition officials

Financial Times

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FTC re-ups commitment to keeping private data anonymous, offers no solutions

Acting associate director Kristin Cohen says companies that make false claims about anonymization can "expect to hear from the FTC."

Input

Justice Department antitrust division looking into PGA Tour-LIV Golf dispute: report

At issue is the PGA Tour’s policy that members receive a conflicting event release to play tournaments overseas when a tour event is being held that week.

Chicago Sun-Times

OkCupid under FTC lens over claims it sold user pics to facial recognition firm

OkCupid's parent company, Match.com, is really keen on keeping any information on the subject away from prying eyes.

Input

Merck Reportedly Eyes $40 Billion Seagen Tie-Up; Will The Deal Save Biotech?

Merck is now in advanced talks to buy Seagen for roughly $40 billion, according to reports that sent SGEN stock higher Thursday.

Investors Business Daily

Washington turns up the heat on TikTok

The company is facing a new round of bipartisan scrutiny.

Axios

Ruling Could Dampen US Government Efforts to Rein in Big Tech

The Supreme Court’s latest climate change ruling could dampen efforts by federal agencies to rein in the tech industry, which went largely unregulated for decades as the government tried to catch up to changes wrought by the internet. In the 6-3 decision that was narrowly tailored to the Environmental Protection…

Asharq Al-Awsat

Ruling could dampen government efforts to rein in Big Tech

The Independent UK

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Motor1

FTC Considering Rule Banning "Junk Fees" And Add-Ons From Dealerships

The rule would also crack down on bait-and-switch advertising and require full, upfront explanation of all costs.

The Independent UK

Period-tracking app Flo introduces ‘anonymous mode’ after Roe v Wade ruling

Flo says its new feature will enable users to remove their personal data from the app

WEKU

The FTC sues Walmart for failing to block scammers' money transfers

The Federal Trade Commission says Walmart didn't properly train its employees and used procedures that allowed fraudsters to cash out at its stores, stealing hundreds of millions of dollars.

Benzinga

FTC Sues Walmart For Allowing Scammers Use Money-Transfer Services

The Federal Trade Commission has sued Walmart Inc (NYSE:WMT), alleging that the retail giant allowed its money-transfer services to facilitate fraud. According to the complaint, the company did not properly train its employees, failed to warn customers, and used procedures that allowed fraudsters to cash out at its stores. The financial services offered…

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The Independent UK

FTC sues Walmart for scammers' use of money transfer unit

The Federal Trade Commission says it has sued Walmart for allowing its money transfer services to be used by scam artists who the agency says fleeced hundreds of millions of dollars from consumers

Input

Senators urge FTC probe of data tracking in the wake of Roe overturn

The letter, sent by four Democratic senators, asks the FTC to consider how Apple and Google have fostered this harmful data-collection industry.

RideApart

Harley-Davidson Ordered To Honor Right-To-Repair Rules By The FTC

The U.S. Federal Trade Commission ordered the Motor Company to honor customer right-to-repair laws, change warranty language, and notify customers of rights.

The Independent UK

Fix the Hog: Harley, Westinghouse ordered to fix warranties

Federal regulators have accused Harley-Davidson and Westinghouse of imposing illegal warranty terms on customers and ordered them to fix their warranties and ensure that their dealers compete fairly with independent repair-makers

Salon

Oz profits from insulin price gougers

Mehmet Oz specifically called out UnitedHealth and CVS for soaring prices — but he's heavily invested in both

Benzinga

Activision Blizzard's Independent Board Gives Its Officers Clean Chit Against Denial Of Harassment Claims

Activision Blizzard, Inc's (NASDAQ:ATVI) Workplace Responsibility Committee of independent directors dismissed allegations of rebuttal of gender harassment claims by senior officials as alleged by different media reports. The gaming giant acknowledged some substantiated instances of gender harassment. However, it denied awareness and tolerance of harassment by the officials. Also Read: Activision Blizzard Registers 22% Revenue…

Reason

Trade Associations, Chamber of Commerce Warn of Danger in Data Privacy Bill

Plus: Purity politics, the end of the "millennial consumer subsidy," an unhappy outcome for folks seeking to free Happy the elephant, and more...

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