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The Latest Breaking News from Lina Khan

Meta learned via a tweet of FTC’s surprise suit to block vr deal

Meta Platforms Inc. learned that the US Federal Trade Commission was suing the company over one of its smaller acquisitions via a Twitter post.

Tribune News Service

Amazon Accuses Regulator of Harassing Bezos and CEO Andy Jassy

E-commerce giant Amazon is the subject of a major investigation linked to its Prime service. It's not sitting idly by.

The Street

FTC looking at rules to corral tech firms' data collection

Whether it's the fitness tracker on your wrist, the “smart” home appliances in your house or the latest kids’ fad going viral in online videos, they all produce a trove of personal data for big tech companies

The Independent UK

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GOP’s Phillips to leave FTC, boosting Khan’s advantage

Republican Federal Trade Commissioner Noah Phillips said he plans to step down this fall, which will hand an even bigger majority to progressive Chair Lina Khan to advance her agenda.

Tribune News Service

U.S. Kills Al Qaeda Leader Ayman Al-Zawahiri. Will It Matter?

Plus: Judge rejects "terrorism" label for January 6 defendant, dozens of abortion clinics have closed since June, FTC staff recommended against Meta lawsuit, and more...

Reason

FTC’s Khan overruled staff to sue Meta over VR app deal

Federal Trade Commission Chair Lina Khan led her fellow Democrats in the agency’s majority vote to sue Meta Platforms Inc. this week, despite the staff recommending against bringing a case to challenge the company’s acquisition of Within Unlimited Inc., according to three people with knowledge of the decision.

Tribune News Service

Biden’s FTC has blocked 4 hospital mergers and is poised to thwart more consolidation attempts

Fresh off the Federal Trade Commission’s successful challenges to four hospital mergers, the Biden administration’s new majority on the commission is primed to more aggressively combat consolidation in the health care industry than it has in past years.

Tribune News Service

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Lipsticks, lattes . . . and now labradors: JAB’s bet on pets

Holding company’s investments in vets and insurance are under scrutiny from competition officials

Financial Times

Ruling Could Dampen US Government Efforts to Rein in Big Tech

The Supreme Court’s latest climate change ruling could dampen efforts by federal agencies to rein in the tech industry, which went largely unregulated for decades as the government tried to catch up to changes wrought by the internet. In the 6-3 decision that was narrowly tailored to the Environmental Protection…

Asharq Al-Awsat

Ruling could dampen government efforts to rein in Big Tech

The Independent UK

After Roe, Dems seek probe of tech's use of personal data

Four Democratic lawmakers are asking federal regulators to investigate Apple and Google for allegedly deceiving mobile phone users by collecting and selling their personal data

The Independent UK

New York City Toddlers Can Finally Take Off Their Masks

Plus: trans teens, trouble at the FTC, and more...

Reason

FTC Says Concerns Around Tesla's Autopilot On Its Radar, Does Not Confirm Or Deny Probe: Report

Tesla Inc’s (NASDAQ: TSLA) full self driving system, known as Autopilot, is a subject of focus and on the Federal Trade Commission's radar, Reuters

Benzinga

FTC Chair Khan plans key work on kids' data privacy online

The head of the Federal Trade Commission says the agency is pushing a robust agenda of actions and policies to help safeguard children’s privacy online

The Independent UK

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Axios

FTC's new stance: Litigate, don't negotiate

Agency head Lina Khan says she'll sue to stop anticompetitive mergers rather than negotiate settlements.

The Guardian - UK

Why your ability to repair a tractor could also be a matter of life and death

US farmers’ struggles for the right to fix their own, now highly computer-controlled equipment, have implications for us all

Reason

Biden Says Fighting Inflation Is His Top Economic Priority. His Antitrust Policy Would Make Inflation Worse.

Attacking big firms just for being big could drive up prices.

Asharq Al-Awsat

US Hits Twitter with $150 Mn Fine Over Privacy Breach

Twitter agreed to pay $150 million to settle allegations the platform gave advertisers some user information that was supposed to be employed to strengthen account security, US authorities said Wednesday. The Federal Trade Commission and the Department of Justice accused Twitter of taking phone numbers or email addresses provided to…

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Los Angeles Times

Michael Hiltzik: Big business musters more lies to smear a Biden nominee because she would do her job

Riding high after killing off President Biden's nomination of a pro-labor regulator for a key post at the Department of Labor, big business has been sharpening its knives for a noted consumer advocate nominated to join the Federal Communications Commission.

360info

How tech rebooted economics and platforms broke the invisible hand

Growing evidence and new research explain the evolution of economic diversity and the need to rethink monopolies in the age of technology.

Axios

Lina Khan's to-do list on Big Tech

With a key spot on the FTC now filled, the commissioner has a chance to pursue a bigger agenda.

Tribune News Service

He got Congress to care about antitrust again. Now time is running out, Rep. David Cicilline says

WASHINGTON — David Cicilline was late getting into antitrust, at least for him.

Tribune News Service

Musk faces FTC antitrust review on Twitter alongside stock probe

The U.S. Federal Trade Commission is reviewing Elon Musk’s $44 billion Twitter Inc. takeover, a person familiar with the deal said, setting up a deadline in the next month for the agency to decide whether to conduct an in-depth review of the transaction.

The Street

Stocks Move Lower, Fed Feels Pain, Elon Musk, eBay, Meta In Focus - 5 Things You Must Know

Stock futures retreat as post-Fed rate rally fizzles; Fed Chair Powell concedes inflation 'hardship' as rate hikes expected to slow growth; republican lawmaker wants FTC to preserve records linked to Musk and Twitter; eBay shares slump on muted outlook for online marketplace and Meta shares slide on reports its looking…

Roll Call

He got Congress to care about antitrust again. Now time is running out, says David Cicilline - Roll Call

If Democrats lose control in the midterms, as most election handicappers expect, it could spell trouble for the push to rein in Big Tech.

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