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The Latest Breaking News from FTC

‘Different set of rules’: how FTC head Lina Khan is fighting tech giants such as Amazon

Youngest ever Federal Trade Commission chief and antitrust scholar is suing Amazon in latest effort to take on big tech – not always with success

The Guardian - US

Up First briefing: Trump skips GOP debate; FTC sues Amazon; prepare for student loans

Trump will skip tonight's GOP presidential primary debate to hold a rally in Detroit. The FTC sues Amazon in a monopoly case. Student loan payments are resuming. Here's how to prepare.

WEKU

A threat to Amazon and a test of the FTC: is this big tech’s antitrust reckoning?

At the core of the case is whether the company used its position to disadvantage rivals and the power of the agency to rein in tech firms

The Guardian - US

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US government accuses Amazon of using its power to inflate prices

Federal Trade Commission and 17 states sue retail giant in major antitrust case

The Guardian - US

Amazon hit with sweeping antitrust suit

FTC chair accuses Amazon of using "a set of punitive and coercive tactics to unlawfully maintain its monopolies"

Salon

FTC Files Antitrust Lawsuit Against Amazon

Among the allegations, the agency charges that Amazon Prime subscribers are incentivized to make the most of their subscription by buying more products.

Reason

The FTC’s case against Amazon could set a dangerous precedent–and benefit other retailers

'The latest lawsuit against Amazon fulfills the agenda Chair Lina Khan brought to the FTC,' writes Ted Bolema.

Fortune

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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

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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The Independent UK

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

USA Today Sports Media Group

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

Fortune

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.

Evening Standard

Elder Scrolls 6 will not come to PlayStation 5

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

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news in one place.

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The Independent UK

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

Fortune

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.

The Guardian - UK

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

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…

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...

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

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