Federal judge upholds FTC ban on noncompete agreements
A federal judge has rejected a tree-trimming company’s challenge to block the Federal Trade Commission’s (FTC) enforcement of a non-compete agreement. In April, the FTC issued rules banning all new non-compete agreements and requiring companies to inform current and former employees that they won’t enforce existing agreements, but made exceptions for senior executives who are […]
FTC probes AI-powered ‘surveillance pricing’ at firms including Mastercard, JPMorgan Chase, McKinsey
Sarah Ponczek and Luke Lloyd discuss the technology and AI landscape, the impact on air freight and ocean shipping rates with Shein and Temu, and how the federal government will handle rates. The Federal Trade Commission (FTC) announced Tuesday that it has launched an investigation into eight companies that offer surveillance pricing tools. Artificial Intelligence […]
FTC launches investigation into surveillance pricing tactics of credit card companies
The Federal Trade Commission ordered eight companies to share information about surveillance pricing to study its effects on privacy, competition, and consumer protection. In a press release, the FTC announced it had issued orders to Mastercard, Revionics, Bloomreach, Chase, Task Software, PROS, Accenture, and McKinsey & Co. The agency said these eight companies use artificial […]
Kamala Harris would fire FTC chief Lina Khan if she wins: Jim Cramer
Vice President Kamala Harris will likely fire Federal Trade Commission chair Lina Khan if she defeats former President Donald Trump in the November election and succeeds President Joe Biden, according to CNBC commentator Jim Cramer. “There’s no need to stick to Lina Khan anymore. [because] “Everybody knows my views, so there’s no need to repeat […]
The FTC: see how many block mergers and acquisitions blocked during Biden admin
The FTC’s competition chief talks about the lawsuit to block the Kroger-Albertsons merger on The Claman Countdown. of The Biden administration The Federal Trade Commission (FTC) has used its regulatory powers on a number of occasions in recent years to challenge proposed mergers and acquisitions. The FTC’s Bureau of Competition is responsible for enforcing the […]
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 […]