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The Latest Breaking News from Federal Trade Commission

FTC loses appeal bid to block Microsoft-Activision deal

A U.S. appeals court denied a Federal Trade Commission bid to pause Microsoft Corp.’s acquisition of Activision Blizzard Inc. Friday, clearing a path for the companies to close the largest gaming deal ever in the U.S.

Tribune News Service

US agency loses bid to halt Microsoft’s $69bn purchase of Activision Blizzard

The Federal Trade Commission’s request to pause the deal was rejected, clearing the few remaining hurdles for it to go through

The Guardian - US

Microsoft, Activision CEOs to defend $69 billion deal in fight with FTC

Microsoft Corp. Chief Executive Officer Satya Nadella and Activision Blizzard Inc. CEO Bobby Kotick will be in court this week to try to persuade a federal judge in California to reject the Federal Trade Commission’s effort to block their $69 billion deal.

Tribune News Service

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Lina Khan rejected FTC ethics recommendation to recuse in Meta case

The Federal Trade Commission Chair Lina Khan declined to recuse herself from an FTC case against Meta Platforms Inc., despite the advice of the agency’s top ethics official, according to internal agency documents.

Tribune News Service

AI is being used to 'supercharge' phone scams with the cloned voices of your relatives

Crooks are using voice cloning technology to trick sympathetic folks out of money.

PC Gamer

Microsoft will pay $20M to settle U.S. charges of illegally collecting children's data

Microsoft will pay a fine of $20 million to settle Federal Trade Commission charges that it illegally collected and retained the data of children who signed up to use its Xbox video game console

The Independent UK

Accused seller of ‘sham’ health insurance paid $100 million for consumer refunds before seeking bankruptcy protection

A Tampa, Florida-based health insurance distributor accused by the Federal Trade Commission of misleading consumers into buying “sham” health insurance plans has filed for Chapter 11 bankruptcy protection.

Tribune News Service

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Robe & Gavel: SCOTUS Begins their April 2023 Sitting

Welcome to the April 17 edition of Robe & Gavel, Ballotpedia’s newsletter about the Supreme Court of the United States (SCOTUS) and other judicial happenings around the U.S.

Ballotpedia

Still trying to quit that gym membership? The FTC is proposing a rule that could help

The Federal Trade Commission gets thousands of complaints a year from customers trapped in memberships they don't want. Its "Click to Cancel" proposal aims to change that, Chair Lina Khan tells NPR.

WEKU

US govt agency intensifies probe into Twitter users' data protection

A US congressional report reveals the Federal Trade Commission has made repeated requests for internal communications related to Twitter owner Elon Musk. The agency is concerned that the layoffs at the social media company since he took over could have jeopardised users' data protection. Also in the show, we look…

France 24

Federal Trade Commission Attempting A Lawsuit Against Microsoft Over Antitrust Issues

PlayStation owner Sony Group Corp has been vocal in its attempt to block rival Microsoft Corporation buying Activision Blizzard.

Zenger

FTC Investigating, but Not Thwarting, Amazon Acquisition of One Medical

Since the Federal Trade Commission didn't sue in time, the deal went through. But will FTC Chair Lina Khan keep trying to attack Amazon for its bigness?

Reason

FTC Commissioner Resigns To Protest Agency's 'Disregard for the Rule of Law'

Chair Lina Khan has flouted the rule of law and due process, Commissioner Christine Wilson wrote.

Reason

FTC Chair's Activism Prompts a Commissioner to Resign

FTC Commissioner Christine WIlson is resigning from the Commission. (Updated)

Reason

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Asharq Al-Awsat

Meta Completes Virtual Reality Deal after US Court Win

Facebook-owner Meta finalized its buyout of virtual reality firm Within Unlimited, the VR company's chief executive said, after a court rejected an attempt by US regulators to block the deal over competition concerns. A spokesperson for the Federal Trade Commission told AFP on Thursday that it would not appeal the…

WEKU

Even after you think you bought a car, dealerships can 'yo-yo' you and take it back

NPR investigated a practice called a yo-yo sale and found it's hurting car buyers nationwide, tougher rules can make a difference, and the Federal Trade Commission has a chance to crack down.

The Independent UK

FTC fines GoodRx for unauthorized sharing of health data

The Federal Trade Commission has imposed a $1.5 million penalty on telehealth and prescription drug discount provider GoodRx Holdings Inc. for sharing users’ personal health data with Facebook, Google and other third parties without their consent

The Independent UK

Kimberly Palmer: How to safely use payment apps

Scams are common on peer-to-peer payment apps, but you can keep your money safe by avoiding questionable payment requests that may be fraudulent, only sending money to people you know and upgrading your privacy settings

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Axios

AI rockets ahead in vacuum of U.S. regulation

Thanks to ChatGPT, AI is getting fast-tracked by tech companies way ahead of efforts to establish rules and guide rails.

Tribune News Service

Sen. Chuck Schumer demands FTC crackdown on assault weapons marketed to kids

WASHINGTON — Senate Majority Leader Chuck Schumer and fellow Democrats are demanding that the Federal Trade Commission clamp down on a gun manufacturer for marketing a mini assault-style rifle to children.

Tribune News Service

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.

Fortune

The government is ganging up on Google. Why it might finally win this time

Federal and state officials from both sides of the aisle are taking aim at the Alphabet unit’s power over the ad market.

Roll Call

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.

The Independent UK

FTC asks judge to hold Martin Shkreli in contempt for breaking pharma ban

Shkreli received lifetime ban from industry over monopoly pricing on life-saving Daraprim drug

Chicago Tribune

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…

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