F-450 coal rolling Courtesy: Salvatore Arnone | Wikipedia CC Ebay could potentially face fines of up to $2 billion for allegedly enabling the sale of “rolling coal” pollution devices and other products that violate environmental laws on its platform. Rolling coal refers to the modification of a vehicle’s engine to emit excessive amounts of soot …
A Tesla Model Y on a Tesla car lot in Austin, Texas, May 31, 2023. In the fourth quarter of 2021, an employee of Tesla and a researcher in the tech industry filed a whistleblower complaint to the U.S. Securities and Exchange Commission (SEC) alleging potential violations of the law by Elon Musk’s car company. …
Lawmakers and regulators are pushing for measures to address the rising debt levels and high interest rates on credit cards. In the second quarter of 2023, total credit card debt surpassed $1 trillion for the first time ever. The average interest rate for cardholders reached over 21% in August, the highest on record. Some cards …
U.S. President Joe Biden delivered remarks and signed an executive order on “promoting competition in the American economy” during an event in the State Dining Room at the White House in Washington D.C. on July 9, 2021. This event marked a significant moment for Biden’s pro-competition agenda, which has been praised by progressives for appointing …
Citadel founder and CEO Kenneth Griffin. Andrew Harrer | Bloomberg | Getty Images WASHINGTON — The Securities and Exchange Commission has issued a $7 million fine against Citadel Securities LLC following a settlement where the big broker-dealer firm was found to have mismarked sales orders over a period of five years, according to the agency’s …
Sopa Images | Lightrocket | Getty Images Frustrated parents whose children made unauthorized purchases on the popular video game Fortnite now have a chance to get their money back. The Federal Trade Commission (FTC) announced today that more than 37 million people may be eligible for compensation as part of a settlement with the game’s …
Robert Galbraith | Reuters The Federal Trade Commission (FTC) recently approved Amgen’s $27.8 billion acquisition of Horizon Therapeutics through a settlement agreement. This decision has significant implications for the pharmaceutical industry’s future buyouts. Wall Street analysts believe that the FTC’s settlement sets a positive precedent, indicating that other pending deals, including Pfizer’s $43 billion purchase …
The Federal Trade Commission (FTC) has announced a resolution in its case against Amgen, allowing the company’s $27.8 billion acquisition of Horizon Therapeutics to proceed. The acquisition is Amgen’s largest ever and is expected to close in the fourth quarter of this year. The FTC initially filed a lawsuit in May, claiming that the acquisition …
Electrical workers are being held accountable for their failure to prepare for extreme weather conditions, resulting in devastating wildfires and tremendous loss of lives and property damage. The latest lawsuit comes from Maui County, alleging that Hawaiian Electric’s negligence contributed to the wildfires that destroyed the town of Lahaina and caused more than 100 fatalities. …
Spencer Platt | Getty Images News | Getty Images Wells Fargo has returned $40 million to nearly 11,000 customers who were overcharged for investment advice fees over a period of several years, according to a statement by the Securities and Exchange Commission (SEC) on Friday. In addition, the bank has agreed to pay a $35 …