FTC

The head of the Federal Trade Commission or FTC, Lina Khan, has revealed that she successfully contested a medical bill using OpenAI’s ChatGPT.  What Happened: Khan, who is known for her criticism of big tech firms and her advocacy for AI regulation, shared her successful experience...

The Federal Trade Commission (FTC) has leveled serious allegations against Amazon.com Inc. (NASDAQ: AMZN), claiming the e-commerce giant engaged in deceptive practices that increased consumer prices by over a billion dollars. What Happened: Details from a previously filed lawsuit in...

On September 26th, the Federal Trade Commission went into action to stop the monopoly power of Amazon.com Inc (NASDAQ: AMZN) by filing a long-awaited antitrust suit. The case was filed in conjunction with seventeen states, accusing the e-commerce titan of using its online retail dominance to...

Amazon.com, Inc. (NASDAQ:AMZN) is currently facing an antitrust lawsuit jointly filed by the Federal Trade Commission (FTC) and 17 state governments on Sept. 26. These legal actions allege the e-commerce and technology giant is wielding monopolistic power within the market and employing anti-...

The Federal Trade Commission (FTC) decided to momentarily halt its challenge against pharmaceutical giant Amgen, Inc (NASDAQ: AMGN), concerning its proposed acquisition of Horizon Therapeutics PLC (NASDAQ: HZNP) valued at $27.8 billion. The move presents a window of opportunity to contemplate a...

U.S. antitrust regulators in July proposed guidelines geared toward making their legal challenges to mergers and acquisitions succeed — a move that appears to be aimed at the technology sector but affects every industry, including homebuilding. The Department of Justice (DOJ) and Federal...

Amazon, Inc. (NASDAQ:AMZN) shares pulled back in premarket trading on Wednesday despite a lack of any announcement from the company. Amazon investors were bidding down the stock after Microsoft Corp. (NASDAQ:MSFT) hinted at higher spending related to AI, said CNBC Mad Money...

Adding to the ongoing saga between Sen. Elizabeth Warren (D-Mass.) and Elon Musk, Twitter on Thursday announced plans to subpoena Senator Warren. What Happened: Musk's move is part of Twitter’s ongoing legal dispute with the Federal Trade Commission (FTC), with the tension rising a notch when...

The Ninth Circuit U.S. Court of Appeal on Friday denied the Federal Trade Commission's appeal to block the impending acquisition of Activision Blizzard, Inc. (NASDAQ:ATVI) by Microsoft Corp. (NASDAQ:MSFT), Bloomberg reported. The appeals court's ruling is a setback for FTC Chair Lina Khan, who...

The tech and video game sectors were rocked this week when the Federal Trade Commission's request to halt a $69-billion merger in the space was turned down.  The news could lead to the merger ultimately being approved and might have kickstarted stock market index shuffling. What...

In a major development, Alexander Mashinsky, the founder and former CEO of Celsius Network (CRYPTO: CEL), has been arrested on charges of securities fraud, commodities fraud and wire fraud. What Happened: The charges, brought forth by the United States Attorney for the Southern District...

OpenAI, the San Francisco-based maker of the ChatGPT, is under federal investigation over potential consumer protection law violations. The Federal Trade Commission (FTC) is scrutinizing whether the artificial intelligence company engaged in unfair or deceptive practices leading to reputational...

Brad Smith, vice chair and president of Microsoft (NASDAQ:MSFT), expressed his disappointment with the Federal Trade Commission’s (FTC) decision to appeal the court ruling that allowed Microsoft’s acquisition of Activision Blizzard (NASDAQ:ATVI) in a tweet on Wednesday. What Happened:...

Microsoft's bold $69 billion bid to acquire gaming giant Activision Blizzard has sparked a legal battle with the United States Federal Trade Commission (FTC), which argues that this merger could hinder competition in the online gaming market. Parallel to this legal conflict, Microsoft's...

The Bank of England delivers surprise half-point rate hike to 5%, the highest in 15 years. They say the risks to inflation are “skewed significantly to the upside”. Market Prices as of 4 pm EST, 6/21/23 Macro Jerome Powell will make his way back to Capitol Hill this morning...