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The Latest Breaking News from FTC

Amazon closes $3.9B buyout of health company One Medical

Amazon has closed its $3.9 billion acquisition of the primary care organization One Medical

The Independent UK

Abbott faces a second FTC investigation over baby formula shortage

Abbott Laboratories is facing another investigation into its role in last year’s baby formula shortage that left millions of American families scrambling for vital nutrition products.

Tribune News Service

FTC Commissioner Resigns To Protest Agency's 'Disregard for the Rule of Law'

Chair Lina Khan has flouted the rule of law and due process, Commissioner Christine Wilson wrote.

Reason

From analysis to the latest developments in health,
read the most diverse news in one place.

Republican regulator rips Lina Khan in ‘noisy exit,’ accuses ‘hipster antitrust’ boss of breaking the law by having opinions on Mark Zuckerberg

Khan once wrote that Zuckerberg should never be allowed to make another acquisition. Now we know the strength of internal dissent over that.

Fortune

Meta sparked a bitter fight inside the FTC

A bitter fight inside among FTC commissioners over Meta's acquisition of a VR company spilled into the public realm.

Fortune

Lawmakers Use Kid Safety as Excuse To Violate Adults' Rights

Plus: New York "hate speech" law is likely unconstitutional, FTC Commissioner quits because of chair Lina Khan's antics, and more...

Reason

FTC Chair's Activism Prompts a Commissioner to Resign

FTC Commissioner Christine WIlson is resigning from the Commission. (Updated)

Reason

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Who Needs Hackers When You Have Balloons?

Episode 442 of the Cyberlaw Podcast

Reason

Editorial: FTC crackdown on GoodRx sends a message that private consumer data must be protected

Since 2017, GoodRx has helped millions of people find deals on prescription drugs via an app and website. But what its customers may not have known is that the Santa Monica-based health company had also been sharing information about their prescriptions and illnesses with third parties such as Google and…

Los Angeles Times

$115 million in refunds being sent to thousands scammed by fraudsters using MoneyGram

Nearly 40,000 consumers who lost money to scammers using MoneyGram’s payment system will receive a combined $115.8 million in refunds as a result of a 2018 settlement with the Dallas-based company.

Tribune News Service

Musk fired engineer over declining views

Musk fired an engineer who said there was no evidence the algorithm was biased against him

Salon

Who owns Activision Blizzard? Microsoft acquires Call of Duty maker in blockbuster deal

The UK competition watchdog has cleared the biggest deal in gaming history after initially restricting it

Evening Standard

Meta Completes Virtual Reality Deal after US Court Win

Facebook-owner Meta finalized its buyout of virtual reality firm Within Unlimited, the VR company's chief executive said, after a court rejected an attempt by US regulators to block the deal over competition concerns. A spokesperson for the Federal Trade Commission told AFP on Thursday that it would not appeal the…

Asharq Al-Awsat

Commentary: Facebookopoly

The recent news is that Facebook’s parent, Meta, had record earnings that have driven the stock up over 20% in trading. In the world of social media, Facebook is ubiquitous. Coming from humble beginnings as a Harvard student’s pet project, it’s now expanded to 2.89 billion users worldwide, making it…

Tribune News Service

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Reason

The FTC's Antitrust Radicals Are Rebuked Again in Federal Court

The FTC is trying to seize new powers to regulate the economy.

Fortune

Microsoft-Activision Blizzard deal put on pause by regulator

The U.K.'s antitrust regulator sees structural remedies as possible solutions to the Microsoft-Activision Blizzard deal.

The Independent UK

UK watchdog says Microsoft's Activision deal hurts gamers

Microsoft’s stalled $68.7 billion deal to buy video game company Activision Blizzard has hit a fresh hurdle in the United Kingdom

Tribune News Service

Gadget industry tosses a wrench into ‘right to repair’ efforts

The “right to repair” movement is having a moment, but roadblocks remain.

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news in one place.

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The Independent UK

Meta to buy VR startup Within after favorable court ruling

A federal judge has sided with Facebook parent Meta and cleared the way for the company to buy virtual reality startup Within Unlimited, the maker of the popular fitness app Supernatural

Fortune

A.I. startups like OpenAI and Anthropic must partner with tech giants like Microsoft and Google. That poses problems

OpenAI, Anthropic, and Stability AI have partnerships with Microsoft, Google, and Amazon, respectively. The FTC is watching.

WEKU

Even after you think you bought a car, dealerships can 'yo-yo' you and take it back

NPR investigated a practice called a yo-yo sale and found it's hurting car buyers nationwide, tougher rules can make a difference, and the Federal Trade Commission has a chance to crack down.

Reason

More Cracks in the FTC's Aggressive Antitrust Plans, as Court Refuses To Ban Meta From Buying V.R. Fitness App

Plus: Trump teases new avenues of authoritarianism, interest rates raised again, and more...

Axios

Meta's good day

Wall Street liked what it heard in the Facebook parent's latest earnings, and the company also won a round with the FTC.

The Independent UK

FTC fines GoodRx for unauthorized sharing of health data

The Federal Trade Commission has imposed a $1.5 million penalty on telehealth and prescription drug discount provider GoodRx Holdings Inc. for sharing users’ personal health data with Facebook, Google and other third parties without their consent

Chicago Sun-Times

Chicago family sues after separation at border, meeting the mayoral candidates and more in your Chicago news roundup

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

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