Elon Musk’s X Corp. has taken legal action to challenge an FTC consent order that addresses Twitter’s alleged deceptive handling of user data. Twitter was fined $150 million in 2022 due to these practices and the order seeks to depose Musk. Photo by Joe Marino/UPI | License Photo July 13 (UPI) — Elon Musk’s X …
Twitter has submitted a motion to the U.S. District Court for the Northern District of California, seeking to terminate the Federal Trade Commission’s (FTC) oversight of its data security practices, which has been in effect for several years. In 2011, Twitter, also known as X Corp., agreed to a consent order after the FTC discovered …
The U.S. Securities and Exchange Commission has taken legal action against the co-founder and former CEO of Celsius Network Limited, along with the cryptocurrency lending company, on charges of fraud. (File Photo by John Angelillo/UPI) July 13 (UPI) — The U.S. Securities and Exchange Commission has charged the co-founder and former CEO of Celsius Network …
During a lengthy session before the House Judiciary Committee, Democratic lawmakers provided support for Federal Trade Commission (FTC) Chair Lina Khan as she faced intense questioning. Republicans, on the other hand, criticized Khan, labeling her as a “bully” and claiming that her leadership at the antitrust agency had been disastrous. The Republicans attacked Khan, accusing …
The U.S. Food and Drug Administration (FDA) has acknowledged Senate Majority Leader Chuck Schumer’s concerns regarding the popular energy drink brand, Prime. In a statement on Monday night, an FDA official confirmed that they are reviewing the letter from Senator Schumer and will respond to him directly. Schumer had called for an investigation into Prime, …
Rafael Henrique | Lightrocket | Getty Images European Union regulators have imposed a record €432 million ($476 million) fine on Illumina for completing its acquisition of cancer test developer Grail without obtaining regulatory approval. This fine represents 10% of San Diego-based Illumina’s turnover, the maximum allowed under EU merger rules. The fine levied on Illumina …
FTC Chair Lina Khan’s Vision of Antitrust Enforcement Challenged by Judge’s Ruling A federal judge recently rejected the Federal Trade Commission’s (FTC) request for a preliminary injunction to halt Microsoft’s acquisition of Activision Blizzard. This ruling not only jeopardizes the deal but also undermines FTC Chair Lina Khan’s approach to antitrust enforcement. Although the judge’s …
1/2 A federal judge on Tuesday blocked an attempt by the Federal Trade Commission to stop Microsoft from acquiring video game publisher Activision Blizzard. File Photo by John Angelillo/UPI | License Photo July 11 (UPI) — In a significant ruling, a federal judge denied the Federal Trade Commission’s motion for a temporary injunction, which aimed …
Microsoft’s $69 billion takeover of video game company Activision Blizzard has been granted approval by a federal judge, marking a significant win for Microsoft. In her ruling, US District Judge Jacqueline Scott Corley stated that the Federal Trade Commission (FTC) has not provided evidence to suggest that this merger would substantially lessen competition. The …
According to the Federal Trade Commission (FTC), Dr. Smoke’s THC-infused Doritos chips pose a potential risk of misleading children due to their packaging design. The Food and Drug Administration (FDA) has joined forces with the FTC to address this issue and has sent cease and desist letters to six companies that produce edible cannabis products …