FTC

Amazon.com Inc (NASDAQ:AMZN) shares are trading lower Monday following a downgrade from Wells Fargo. The stock also appears to be facing selling pressure after a federal judge said the Federal Trade Commission (FTC) can proceed with its lawsuit against the company. What To Know: Wells Fargo analyst...

Amazon.com Inc (NASDAQ:AMZN) secured a partial dismissal in a lawsuit filed by the U.S. Federal Trade Commission on Monday. The FTC accused Amazon of maintaining illegal monopolies. What Happened: The FTC’s lawsuit claims Amazon employs anti-competitive practices to dominate online...

Antitrust regulators are set to prevent Hess Corp. (NYSE:HES) CEO John Hess from joining the board of Chevron Corp. (NYSE:CVX) as part of a $53-billion merger deal. What Happened: Chevron has tentatively agreed to this condition to secure approval for the merger, The Wall Street Journal reported on...

The Federal Trade Commission (FTC) is intensifying its efforts to combat deceptive practices linked to artificial intelligence through a new initiative called Operation AI Comply. The initiative targets companies that misuse AI to engage in misleading conduct that harms consumers. FTC Chair Lina M...

Federal Trade Commission (FTC) Chair Lina Khan has raised concerns about the potential misuse of AI by airlines to charge higher prices for passengers attending funerals. What Happened: Speaking at the 2024 Fast Company Innovation Festival, Khan highlighted the risks AI poses in enabling fraud and...

Kroger Co (NYSE:KR) and Albertsons Companies, Inc. (NYSE:ACI) shares closed lower Tuesday after lawyers for the Federal Trade Commission (FTC) gave closing arguments in a hearing to temporarily block the proposed merger between the two companies.  The Details: The three-week-long U.S. District...

A federal judge has ruled against the Federal Trade Commission, stating that it lacks the authority to prevent companies from imposing noncompete agreements on their employees. What Happened: On Tuesday, Judge Ada Brown of the U.S. District Court for the Northern District of Texas declared that the...

Palantir Technologies Inc. (NYSE:PLTR) co-founder and founding partner of 8VC,  Joe Lonsdale has voiced his concerns about the unchecked power of big tech and called for more accountability. What Happened: On Thursday, while appearing on CNBC’s Squawk Box, Lonsdale criticized the monopolistic...

A UK regulator is investigating a partnership between Amazon.com Inc (NASDAQ:AMZN) and Anthropic, a company it invested in back in September 2023. Here's a look at what's involved in the investigation and the timeline of events. What Happened: The Competition and Markets Authority, which is a...

The historic ruling against Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) is one of several in the Big Tech antitrust arena. Google, deemed monopolistic, violated antitrust laws with its search engine, Judge Amit Mehta ruled. Some experts say the verdict could affect similar lawsuits against other...

ByteDance‘s TikTok, one of the most used social media platforms by teens, is the subject of the latest U.S. Department of Justice (DOJ) lawsuit. What Happened: The DOJ and Federal Trade Commission (FTC) filed the lawsuit on Friday in the U.S. District Court for the Central District of...

U.S. Sens. Ron Wyden (D-Ore.) and Ed Markey (D-Mass.) wrote a letter to Federal Trade Commission (FTC) Chair Lina Khan on Friday, urging the commission to investigate the automotive industry‘s handling of driver data. Letter Overview: The letter asks the FTC to investigate automakers’...

Donald Trump's vice-presidential pick, Senator J.D. Vance, adds a former venture capitalist to the GOP ticket for the 2024 presidential election. It also comes as business leaders in the tech space donate to the former president. But Vance has favored breaking up large tech companies, namely...

Exxon Mobil Corp (NYSE:XOM) is preparing to close a $60 billion deal for Pioneer Natural Resources Co (NYSE:PXD) in the coming days after agreeing not to add Pioneer CEO Scott Sheffield to the company’s board of directors. The Details: According to a report from the Wall Street Journal,...

The Federal Trade Commission (FTC) is intensifying its efforts to challenge numerous pharmaceutical patent listings, aiming to facilitate the availability of more affordable alternatives to brand-name drugs, including blockbusters like Novo Nordisk A/S’s (NYSE:NVO) Ozempic...