FTC sues three largest drug middlemen for allegedly inflating insulin prices
The Federal Trade Commission (FTC) filed a lawsuit Friday against the three largest pharmacy benefit managers (PBMs), accusing them of engaging in anticompetitive practices that “artificially” inflate the list price of insulin while increasing their profits. The agency's actions target CVS Caremark Rx, Cigna's Express Scripts and UnitedHealth's OptumRx, which together fill about 80% of […]
UnitedHealth, CVS Caremark, Express Scripts sued for insulin prices: FTC
The Federal Trade Commission sued the nation's three largest pharmacy benefit management companies on Friday, accusing them of pushing expensive insulin on diabetics in order to receive millions of dollars in kickbacks from drug companies. The lawsuit accuses UnitedHealth Group's Optum division, CVS Health's CVS Caremark and Cigna's Express Scripts of unfairly excluding low-cost insulin […]
FTC Commissioner Warns Biden-Harris Overreach Could Target Conservatives on Tech Platforms
Republican FTC Commissioner Melissa Holyoak issued a statement Thursday expressing concern that big tech companies are promoting content that is harmful to children, but also warned that a Biden-Harris FTC could take action that could lead to censorship of Americans' online speech. “How social media companies view and treat their users will increasingly shape civic […]
Social media users lack control over data used by AI: FTC
Social media companies collect, share and process vast amounts of information about their users, with little transparency or control, including over how that information is used by their artificial intelligence-enabled systems. The Federal Trade Commission said in a report It was released on Thursday. The report analysed how companies including Meta Platforms, Bytedance's TikTok and […]
FTC says social networks' data privacy, safety policies are 'woefully inadequate'
Major social media and video streaming companies are facing renewed scrutiny from the Federal Trade Commission, which released a new report on Thursday accusing the platforms of significant violations of user privacy and failing to provide safeguards for children and young people. of The 129-page report, The report, released Thursday morning, found that over the […]
Wall Street Donors Beg Kamala Harris to Fire FTC Trust-Buster Lina Khan
Wall Street donors who fund Vice President Kamala Harris' presidential campaign are begging her to fire Lina Khan, the nation's top trust buster at the Federal Trade Commission, after the donors complained that Khan is slowing down corporate mergers that would benefit them. According to a Bloomberg report, “major donors” to Harris' campaign have already […]
FTC Vs. Kroger-Albertsons Merger Case Heading To Trial
The Albertsons logo is displayed at an Albertsons supermarket in Los Angeles, California on August 26, 2024. (Photo by Mario Tama/Getty Images) OAN Staff Avril ElfiMonday, August 26, 2024 5:19 p.m. A trial has begun at the Federal Trade Commission (FTC) as the agency continues its efforts to block the merger between Kroger and Albertsons, […]
Kroger-Albertsons $25B merger hurts shoppers, FTC says as trial kicks off
The Federal Trade Commission began a trial Monday to block the $25 billion merger of Kroger and Albertsons, telling a federal judge in Portland, Oregon, that the deal would eliminate competition between major grocery store chains and hit consumers’ wallets. The FTC and several states filed suit in February to block the deal, arguing the […]
Federal judge blocks FTC noncompete ban
A federal judge ruled Tuesday Blocked a nationwide ban The ban on non-competition agreements will come into effect in September. In April, the Federal Trade Commission voted to ban most non-compete agreements that prevent tens of millions of employees from quitting their jobs to work for or start a competing business. Dallas-based tax firm Ryan […]
New FTC decision could ‘inject’ DEI into business practices nationwide, GOP commissioner says
The Federal Trade Commission (FTC) has issued a new ruling, with one Republican commissioner warning that it could incentivize diversity, equity, and inclusion (DEI) practices at companies that offer goods and services at different prices nationwide. The FTC on Thursday settled a lawsuit alleging that an Arizona car dealership advertised misleading prices to lure consumers […]