Harris promised to be ‘pragmatic’ — that means dropping Lina Khan at the FTC
Biden administration's most active regulator Unless the next president approaches Federal Trade Commission Chairwoman Lina Khan for another term, the job may be needed soon. The controversial FTC chairman's term has been lengthened; Ends on September 26thIt will be up to the next president to decide whether Mr. Khan will continue to lead the antitrust […]
FTC Trust-Buster Lina Khan Defends Herself from Kamala Harris’s Donors
Federal Trade Commission Chairwoman Lina Khan, America's leading anti-monopoly advocate, is defending herself against Vice President Kamala Harris' billionaire donors who have called for her removal. During the period 60 min Interview In an interview with Lesley Stahl, Khan was asked about public and private comments from Harris' major donors on Wall Street and at […]
GOP Senate hopeful Dave McCormick stands with workers protesting Pennsylvania factory shutdown, seeks FTC investigation
CHARLELOI, Pa. – A century-old glass factory is closing, putting 300 people out of work, but Republican Dave McCormick, challenging Pennsylvania Sen. Bob Casey, wants to save it. “I'm here today in solidarity with these workers in the fight to keep these jobs,” McCormick told the assembled workers, retirees and their families on Friday. Anchor […]
FTC Chair Lina Khan defends merger and acquisition crackdown
Federal Trade Commission Chairwoman Lina Khan In an interview aired on Sunday, the minister defended the agency's role in policing mergers and acquisitions, saying companies were causing inflation. Khan was interviewed by Lesley Stahl on CBS News' “60 Minutes” at a town hall hosted by Khan and Rep. Alexandria Ocasio-Cortez (D-NY). The FTC chairman said, […]
Biden-Harris FTC Accuses Major Healthcare Companies Of Artificially Inflating Drug Prices In New Lawsuit
The Federal Trade Commission (FTC) on Friday filed lawsuits against three major prescription drug benefit managers (PBMs) and their affiliates, alleging they engaged in a scheme to artificially inflate the price of insulin drugs. The complaint targets the “Big Three” — Cigna's ESI, CVS Health's Caremark and UnitedHealth Group's Optum — and their affiliated group […]
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 […]