FTC report slams pharmacy 'middlemen' for seemingly driving up prices, limiting access
Pharmacy benefit managers (PBMs) have a significant influence on the availability and affordability of prescription drugs. Scathing new report “These powerful middlemen may be profiting from inflating drug prices and squeezing Main Street pharmacies,” a Federal Trade Commission report concluded. The report signals significantly increased scrutiny of the business practices of PBMs, the opaque intermediaries […]
Federal judge issues narrow pause on FTC noncompete ban
A federal judge ruled Wednesday A preliminary injunction was granted The company voted this spring to ban non-compete agreements nationwide, but opposition from powerful business groups has cast doubt on the company’s future. Dallas-based tax firm Ryan LLC, along with the U.S. Chamber of Commerce, the Business Roundtable and other business groups, filed the lawsuit […]
FTC blocks $4B Tempur Sealy, Mattress Firm merger
The Federal Trade Commission on Tuesday unanimously blocked mattress supplier Tempur Sealy International Inc.’s $4 billion acquisition of retailer Mattress Firm Inc., saying the merger could stifle competition and lead to higher prices. Tempur Sealy owns Tempur-Pedic, Stearns & Foster and Sealy and is the world’s largest mattress supplier. The company had originally agreed to […]
Democrat probes 18 oil companies after FTC collusion accusations
Sen. Sheldon Whitehouse of Iowa is investigating 18 oil and gas companies after the Federal Trade Commission accused the former CEO of Pioneer Natural Resources last month of conspiring with foreign oil producers. Whitehouse, who chairs the Senate Budget Committee, asked the companies to turn over copies of any communications they had with foreign oil […]
HAVENS: It’s Clear Who Biden’s FTC Commissioner Melissa Holyoak Is Working For … And It’s Not The American People
When President Biden nominated Melissa Holyoak to be the Federal Trade Commission (FTC), industry observers warned that she was too friendly to Big Tech companies, and now it’s clear they were right: It took her less than two months to make it clear that she would block bipartisan efforts to rein in Google, Apple, Facebook, […]
DOJ, FTC set to open antitrust probe into Microsoft, Nvidia, and OpenAI: Reports
The Department of Justice (DOJ) and federal regulators are launching antitrust investigations into Microsoft, Nvidia and OpenAI for their roles in the rapidly growing artificial intelligence industry, multiple media outlets reported Thursday. Department of Justice and Federal Trade Commission (FTC) investigations; The New York Times first reported the news on Wednesday.As the investigation begins, subpoenas […]
Best Buy is most commonly impersonated company by scammers, FTC says
See what’s clicking on FoxBusiness.com The Federal Trade Commission released a report this month outlining the companies scammers most commonly impersonate, the brands they most commonly use in fraudulent transactions, and their top methods. According to the report, Best Buy’s Geek Squad, along with Amazon and PayPal, are among the most widely imitated companies used […]
KOBACH: Liberals Hijack Online Child Safety Bill, Handing Khan-trol To FTC
A bill currently pending in Congress, the Kids Online Safety Act (KOSA), would require social media companies to refrain from advertising age-restricted products, like tobacco and gambling, to minors and to let parents, schools and minors report certain harms. As originally proposed, it was a good bill. Unfortunately, leftist lunatics hijacked the reasonable, commonsense legislation […]
Approximately 800,000 BetterHelp Customers Receive Refund Notices, FTC Says
On January 15, 2014, a Federal Trade Commission (FTC) seal is seen sewn into the carpet of a committee room at FTC headquarters in Washington, DC. (Photo credit: PAUL J. RICHARDS/AFP, see Getty Images) OAN’s James Myers8:06am – Friday, May 10, 2024 Approximately 800,000 customers of online treatment platform BetterHelp will begin receiving refund notices […]
FTC Chairwoman Linked to Organization Supporting Columbia Protests
Democratic FTC Chair Lina Khan has ties to the Law and Political Economy (LPE) Project, a Marxist group that supported pro-Palestinian protesters at the Columbia University camp. Mr. Khan currently serves as Chairman and Associate of the Federal Trade Commission (FTC). Professor The Columbia University Law School Ph.D., who is currently on leave from his […]