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The Latest Breaking News from FTC

The feds just slapped TurboTax with a lawsuit for its “free” filing claims

You know those “free, free free free” commercials? Yeah, not only are they annoying, but they’re untrue too.

Mic

Michael Hiltzik: The FTC sues TurboTax for trying to keep you from filing your taxes for free

For what seems like forever, Americans have been asking why it's so damn hard — and expensive — to file their taxes.

Los Angeles Times

FTC sues Intuit to stop 'bait-and-switch' TurboTax ads

The Federal Trade Commission is suing TurboTax maker Intuit, saying its ads for “free” tax filing misled consumers

The Independent UK

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No, Schools Aren't Accommodating Students Who Identify as Animals

Plus: Biden wants to ramp up military and law enforcement spending, study challenges conventional wisdom about social media misinformation, and more...

Reason

Amazon Consummates MGM Deal Post Clean Chit From Regulators

Amazon.com Inc (NASDAQ:AMZN) closed the $8.5 billion acquisition of film studio Metro-Goldwyn-Mayer after a clean chit from the U.S. FTC and EU. The EU contended that the deal would not hamper competition as the two companies did not significantly overlap in content production, the Wall Street Journal reports. The FTC also did not…

Benzinga

Weight Watchers allegedly used diet app to illegally gather data on children, FTC says

Kurbo, designed to target children as young as eight, allegedly encouraged users to claim they were at least 13 years old

The Guardian - US

Senate panel deadlocks again over nomination of Bedoya for FTC

Senate Commerce is again deadlocked on President Biden's nomination to the FTC because of a tweet about the 2016 Republican convention.

Roll Call

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Can the government stop fast fashion brands from lying to shoppers?

A new bill in New York is targeting the industry’s lack of environmental and labor regulations, aiming to put an end to years of customer deception.

Input

FTC claims South Florida company violated Do Not Call list to peddle ‘bogus’ auto warranties

How many times have you received a phone call from someone at “Dealer Services” seeking to sell you an extended warranty for your vehicle?

Tribune News Service

Altria says judge has dismissed lawsuit over Juul investment

Altria says an administrative law judge dismissed a federal lawsuit alleging that its investment into vaping company Juul violates anticompetitive laws

The Independent UK

FTC says 'romance scams' bilked victims out of $547 million last year

Dating apps and social media were at the center of most scams, says the FTC.

Input

U.S. Supreme Court to decide whether federal courts have jurisdiction over challenges to the structure of the Federal Trade Commission

The U.S. Supreme Court agreed to hear Axon Enterprise, Inc. v. Federal Trade Commission in an order released on Jan. 24, 2022. The case concerns whether federal courts have the authority to review constitutional challenges to the structure of the Federal Trade Commission (FTC) if plaintiffs have not first raised…

Ballotpedia

Nvidia calls off Arm buyout following FTC block

The FTC's tirade against Big Tech acquisitions continues unabated.

Input

Amazon wants to buy Peloton, antitrust concerns be damned

After losing a significant portion of its value in the last year, Peloton is ripe for the picking.

Input

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Benzinga

Biogen's Aduhelm Approval, Marketing Comes Under FTC, SEC Probes

The Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC) have launched two separate investigations into Biogen Inc (NASDAQ: BIIB) and its Alzheimer's med, Aduhelm (aducanumab).

Roll Call

House panel debates bill to create federal price-gouging policy - Roll Call

The bill split panel members, with Republicans accusing Democrats of ignoring inflation, labor shortages and supply chain concerns.

Input

The FTC may finally be cracking down on fake product reviews

Fashion Nova, which has a history of underpaying factory workers and violating consumer protection law, denies allegations that it manipulated product reviews.

Axios

Crypto leads to massive surge in online scams

Fraud cases from social media now account for roughly 25% of all fraud cases in the U.S.

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Benzinga

Why Aerojet Rocketdyne Shares Are Falling

Aerojet Rocketdyne Holdings Inc (NYSE: AJRD) shares are trading lower by 18.5% at $36.72 Tuesday afternoon after the FTC sued to block the proposed merger with Lockheed

Benzinga

Aerojet Rocketdyne Stock Plummets As FTC Sues To Block Lockheed Martin Deal

Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) stock fell following the disclosure that it is highly likely that the Federal Trade Commission (FTC) will vote to sue to block the Lockheed Martin Corp (NYSE:LMT) transaction. Meanwhile, the FTC stated it sued to block Lockheed Martin's $4.4 billion proposed vertical acquisition of Aerojet Rocketdyne. "The FTC is suing…

Benzinga

Snap Ramps Up International Expansion Capitalizing On Cleaner Image

Snap Inc (NYSE:SNAP) sped up its global expansion from Mexico to Japan through tie-ups with wireless carriers and highlighting its popular augmented reality features, Reuters reports. Snap remained largely unscathed by global governments and regulators and has developed a playbook for attracting users in new markets that plays up the appeal of…

Benzinga

Will Microsoft's Activision Blizzard Acquisition Survive The Wrath Of Khan, As Antitrust Sentiment Becomes Bipartisan?

Star Trek: The Wrath Of Khan poster reimagined with incoming FTC Chairwoman Lina Khan as Khan and Google co-founder Larry Page and Amazon founder Jeff Bezos awaiting her wrath. Image via the Portfolio Armor art department. Muted Response To Microsoft's Activision Bid

The Guardian - UK

TechScape: The US government may be one step closer to breaking up Meta

In this week’s newsletter: How a judge’s ruling could pave the way for a costly, lengthy legal battle over the future of Facebook, WhatsApp, and Instagram

The Independent UK

US regulators aiming at illegal and anticompetitive mergers

U.S. competition regulators have mounted an effort to tighten enforcement against illegal mergers, in line with President Joe Biden’s mandate for greater scrutiny to big business combinations

TechRadar

The Elder Scrolls 6 - everything we know so far

The Elder Scrolls 6 was announced over seven years ago. Here's what's been revealed since then.

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