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The Latest Breaking News from FTC

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

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

Reason

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.

Fortune

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

The Independent UK

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

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

Tribune News Service

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

The Independent UK

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.

Fortune

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.

WEKU

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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...

Reason

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.

Axios

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

The Independent UK

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.

Chicago Sun-Times

Discount prescription company GoodRx fined $1.5 million for sharing sensitive user info

The FTC alleged the company shared info on users’ medication and illnesses for the purpose of targeted ads.

Chicago Sun-Times

From ‘The Last of Us’ to ‘The Witcher’: Game adaptations are making waves, so what's being released next?

Thought you'd seen the last of game-to-live-action adaptations? Think again.

Fortune

Sony ‘doesn’t need FTC protection’ says Activision following The Last of Us success

HBO's is a hit, and one executive believes it's proof that PlayStation will succeed despite Microsoft's purchase of Activision Blizzard.

USA Today Sports Media Group

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Los Angeles Times

Michael Hiltzik: The FTC is pushing new rights for workers. Big business is pitching a fit, of course

Whenever a government agency proposes a regulation that might help workers by reining in an employer abuse, you can count on some heavy breathing from the big business lobby.

Chicago Tribune

Ex-wife of TV pitchman Kevin Trudeau tells Chicago judge he had gold bars, says she’s ‘very scared’ of him

CHICAGO — The ex-wife of TV pitchman Kevin Trudeau told a Chicago federal judge Thursday she saw him handling dozens of gold bars over the course of their marriage and that she’s “scared” for her life now that he’s turned against her.

Tribune News Service

Sen. Chuck Schumer demands FTC crackdown on assault weapons marketed to kids

WASHINGTON — Senate Majority Leader Chuck Schumer and fellow Democrats are demanding that the Federal Trade Commission clamp down on a gun manufacturer for marketing a mini assault-style rifle to children.

USA Today Sports Media Group

The FTC reportedly sued Microsoft to stop European bargaining

A new report says the FTC lawsuit against the Microsoft Activision deal happened to try and preempt the European commission’s decision

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The Guardian - US

$18 a dozen: how did America’s eggs get absurdly expensive?

Producers blame avian flu for the soaring costs, but one farmers’ group is airing accusations of price-gouging

Tribune News Service

White House directs FTC, CFPB to probe housing rental market practices

Landlords will face greater federal scrutiny from the Consumer Financial Protection Bureau, Federal Trade Commission and other agencies amid rapidly rising rents under a plan that President Joe Biden released Wednesday.

Roll Call

White House directs FTC, CFPB to probe housing rental market practices - Roll Call

The White House has directed the Consumer Financial Protection Bureau and the Federal Trade Commission to examine the housing rental market.

The Independent UK

Soaring egg prices prompt demands for price-gouging probe

With egg prices more than doubling in the past year, calls are coming for an investigation into possible price gouging

Salon

Egg industry accused of organized theft

Egg producers are using inflation, avian flu as an "opportunity to extract egregious profits," group says

Chicago Tribune

Commentary: Eliminating noncompete contracts will empower employees and entrepreneurship

The Federal Trade Commission has proposed an imminent ban on noncompete contracts. Prohibiting these contracts is an important step toward assuring we still have access to the American Dream. It will help businesses innovate in our tight labor market, ensure workers are not stuck in dead-end jobs and make the…

Reason

Elizabeth Warren, Jamaal Bowman Want To Give Lina Khan the Power To Impose Rent Control on the Whole Country

Warren and fellow progressive Democrats have asked President Joe Biden to use the FTC, HUD, or maybe the FHFA to impose nationwide rent control.

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