The Federal Trade Commission (FTC) has lost its appeal to block Microsoft’s $68.7 billion acquisition of gaming powerhouse Activision Blizzard, dealing another blow to the Biden administration’s aggressive regulatory stance against Big Tech mergers.
The Federal Trade Commission (FTC) is distributing over $5 million in refunds to victims of a fraudulent credit card debt relief scheme run by ACRO Services. The company and its operators were accused of deceptive practices that misled consumers about their ability to reduce or eliminate credit card debt.
The Pharmacy Benefit Managers (PBMs) marked up the cost of some prescription drugs by 1,000%, according to a report from the Federal Trade Commission (FTC). Some of the drugs with significant price jumps included those for HIV and cancer.
A recent data breach involving location data company Gravy Analytics has uncovered widespread exploitation of mobile apps to harvest sensitive user location data. Apps ranging from popular games like Candy Crush to prayer and fitness apps have reportedly been used to collect location data, often without the knowledge of users or even the app developers themselves.
A federal judge on Tuesday issued a preliminary injunction to temporarily block the $24.6 billion merger between Kroger and Albertsons, the largest proposed grocery...
Tech billionaire Elon Musk has voiced his support for the Kids Online Safety Act (KOSA), a bipartisan bill spearheaded by Sens. Marsha Blackburn (R-TN) and Richard Blumenthal (D-CT), aimed at protecting minors online. Musk’s endorsement comes after X (formerly Twitter) collaborated with the senators to revise the legislation, addressing concerns over potential First Amendment violations.
The Department of Justice has announced that the ridesharing app Lyft will pay $2.1 million in civil penalties for misleading drivers about their potential earnings.
Williams-Sonoma has been ordered to pay more than $3 million in civil penalties after falsely claiming its products were made in the United States when they were actually made in China.
