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The Latest Breaking News from FTC

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

USA Today Sports Media Group

$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

The Guardian - US

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.

Tribune News Service

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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.

Roll Call

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

The Independent UK

Egg industry accused of organized theft

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

Salon

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…

Chicago Tribune

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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.

Reason

Are resort fees ever worth it?

Resort fees that aren’t advertised as part of the room rate of a hotel stay can surprise many travelers when they see the final price

The Independent UK

You're hired! Now send us some personal information. Why job scams are skyrocketing

Two days after applying for a job on LinkedIn, Sandi Pounder received the good, if surprising, news.

Los Angeles Times

Many workers barely recall signing noncompetes, until they try to change jobs

Employers say that noncompete agreements are needed to protect trade secrets and investments. The FTC says they deprive workers of their economic liberties and has proposed a rule to ban them.

WEKU

The FTC Wants To Outlaw Noncompete Clauses, but Does It Have the Authority?

The Commission's lone dissenter says Congress has not charged it with regulating noncompete clauses.

Reason

FTC ban may be test of bipartisan opposition to noncompete clauses

WASHINGTON — A proposal from the Federal Trade Commission to ban noncompete agreements aims to correct what some say is a harmful power imbalance between companies and employees, an issue prominent enough to have won over some members of the typically pro-business Republican Party.

Tribune News Service

FTC ban may be test of bipartisan opposition to noncompete clauses - Roll Call

The FTC's proposed ban on noncompete clauses in workers' contracts may test the strength of bipartisan dislike of the clauses.

Roll Call

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The Guardian - US

The FTC is back to being the activist US agency progressives sought in 1914

Last week, under its Biden-appointed chair, the Federal Trade Commission proposed a new rule banning non-compete agreements – and it’s a big deal

Fortune

There’s a brewing ‘A.I. arms race’ and Microsoft’s ChatGPT play is ‘a potential game changer,’ Wedbush’s Dan Ives says

Microsoft's proposed investment in OpenAI is a "smart poker move" as A.I. advances, Wedbush's top tech analyst argues.

Tribune News Service

What the FTC’s noncompete agreement ban could mean for you

Noncompete agreements bar about 30 million American workers from quitting their jobs to work for rival companies or start their own businesses, a practice that the Federal Trade Commission calls exploitative and wants to ban.

Tribune News Service

Editorial: Competition is all-American: The Biden administration is right to move to ban noncompete agreements

We don’t know whether the Federal Trade Commission is right that forbidding noncompete agreements in labor contracts will increase wages by nearly $300 billion per year. Nor do we have a strong opinion about whether the ban can be carried out via regulation, as just proposed, or requires legislation like…

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Fortune

The FTC’s proposed ban on noncompetes doesn’t only mean a huge victory for Gen Z workers. Here’s why it also benefits employers across the country

Nearly half of U.S. employers have some of their employees sign noncompete clauses. Now the FTC wants to ban them.

The Independent UK

Twitter leak exposes 235 million email addresses from hack

Personal emails linked to 235 million Twitter accounts hacked some time ago have been exposed according to Israeli security researcher Alon Gal — making millions vulnerable to having their accounts compromised or identities exposed if they have used the site anonymously to criticize oppressive governments, for instance

Fortune

Your employer shouldn’t be allowed to stop you working for its rivals, FTC argues

The Federal Trade Commission says the practice is harming competition within the labor market by preventing companies from hiring the best available talent.

Reason

2 Years After the Capitol Riot, the GOP Remains Divided. Good.

Plus: Misinformation about athlete deaths, FTC wants to ban noncompete clauses, and more...

WEKU

Millions of workers are subject to noncompete agreements. They could soon be banned

The Federal Trade Commission has proposed a new rule that bans the use of noncompete agreements, calling them an exploitative practice that suppresses wages and hampers innovation.

Daily Mirror

Fortnite is coming back to iOS after the drawn out legal battle between Epic and Apple

With the legal dispute between Apple and Epic settled, Fortnite looks set to return to Apple devices in 2023.

Dynamite News

Microsoft Claims To Have No Idea Why 'Call Of Duty' Franchise Is Special

American tech multinational Microsoft, which a year ago announced its plans to acquire Activision Blizzard, might keep 'Call of Duty', the video game company's iconic franchise, from appearing on Sony's PlayStation. Read on for details:

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