Results for: FTC

President-elect Donald Trump has selected Andrew Ferguson, a vocal critic of Big Tech and FTC board member, to head the Federal Trade Commission (FTC). This appointment signals a potential major shift in US antitrust policy, prioritizing concerns about censorship and potentially escalating conflicts with tech giants like Google and Apple. The move comes alongside the appointment of Gail Slater to lead the Justice Department’s antitrust division, further solidifying the administration’s focus on challenging tech monopolies.

The US Federal Trade Commission (FTC) has reportedly launched a sweeping investigation into Microsoft’s business practices across cloud computing, artificial intelligence, and cybersecurity. The probe follows concerns raised by European authorities and recent high-profile security breaches involving Microsoft products.

Capri Holdings Limited (CPRI) shares plummeted by nearly 50% after a judge blocked its acquisition by Tapestry, Inc. (TPR). The judge’s decision, which came after an eight-day trial, grants the Federal Trade Commission’s request for a preliminary injunction, arguing that the merger would stifle competition in the U.S. handbag market. Both companies have announced their intention to appeal the ruling.

The Federal Trade Commission (FTC) has issued new guidelines targeting businesses that use AI to generate fake reviews and mislead consumers. This article explains the new guidelines, their implications for businesses, and what consumers can do to identify and avoid fake reviews.

Amazon’s stock took a hit on Monday after Wells Fargo downgraded its rating and a federal judge allowed the FTC’s antitrust lawsuit against the company to proceed. The analyst cited slowing growth and increased competition, while the FTC accuses Amazon of anti-competitive practices.

Amazon secured a partial dismissal of the FTC’s antitrust lawsuit, but the agency can still pursue certain claims. The ruling comes amid increasing scrutiny of the company’s business practices and growing competition in the digital advertising space.

Invitation Homes, the largest U.S. landlord of single-family homes, has agreed to pay $48 million to settle an FTC complaint alleging deceptive practices against renters. The settlement includes refunds for tenants and mandates changes to the company’s business practices, including clearer disclosure of rental prices and fairer security deposit policies.

FTC Chair Lina Khan has expressed concern about the potential misuse of AI by airlines to charge higher prices for passengers attending funerals. Khan highlighted the risks of AI enabling fraud and price discrimination, citing examples like personalized pricing based on consumer data. She stressed the importance of examining the impact of AI-driven pricing on consumers and whether society wants to accept such targeted pricing or implement regulations to prevent it.

Chevron Corporation’s $53 billion acquisition of Hess Corporation is on track to receive regulatory approval, potentially this week. Despite an arbitration claim from ExxonMobil, the deal is expected to close sooner than anticipated, boosting CVX and HES shares.

The Federal Trade Commission (FTC) has filed a lawsuit against three major pharmacy benefit managers (PBMs) – CVS Caremark, Express Scripts, and Optum – accusing them of using unfair practices to inflate insulin prices. The complaint alleges that the PBMs prioritize drug rebates, forcing patients to pay higher costs for life-saving insulin.