Latest News
By Federal Newswire | May 21, 2024
Chair Khan is set to deliver the opening keynote at the annual Anti-Monopoly Summit. This event, hosted by the American Economic Liberties Project, will be available for viewing via livestream.
By Federal Newswire | May 20, 2024
The Federal Trade Commission (FTC) has finalized an order against Blackbaud Inc., settling allegations that the company's inadequate security measures led to a data breach. The FTC claims that the lax security allowed a hacker to infiltrate the company's network and access personal data of millions of consumers, including Social Security and bank account numbers.
By Federal Newswire | May 20, 2024
The Horseracing Integrity and Safety Authority convened a hearing before Administrative Law Judge Jay L. Himes in the matter of Natalia Lynch, under Docket 9423. The event was held on May 20, 2024, and was open to the public. Interested parties could participate by dialing +1 646 876 9923 with the meeting ID: 99357311099.
By Federal Newswire | May 16, 2024
The tradition of posing important or intriguing questions is deeply ingrained in the scientific community. Renowned mathematician Paul Erdős, for instance, is well-known for presenting his queries to students and colleagues, some of which remain unresolved. The Clay Mathematics Institute also maintains a list of seven Millennium Problems, six of which are yet to be solved. Among these is the P = NP problem, a crucial question in computational complexity theory and evidently a favorite of the Office of Technology.
By Federal Newswire | May 16, 2024
Federal Trade Commission Chair Lina M. Khan announced today that an open meeting of the Commission will be held virtually on Thursday, May 23, 2024. The meeting is scheduled to start at 1 pm ET and will begin with a session for members of the public to address the Commission.
By Federal Newswire | May 16, 2024
On May 16, 2024, a scheduling conference will be held before Administrative Law Judge Dania L. Ayoubi in the matter of Tapestry, Inc. and Capri Holdings Limited, under Docket 9429. The conference can be accessed via dial-in number +1 301 715 8592 US with the meeting ID: 97259202104 and passcode: 897694.
By Federal Newswire | May 15, 2024
Chair Lina M. Khan appeared before the Committee on Appropriations, Subcommittee on Financial Services and General Government for a budget hearing. The session was held to discuss the Fiscal Year 2025 Request for the Federal Trade Commission. The event took place at the Capitol Complex, 2359 RHOB, Washington, DC.
By Federal Newswire | May 15, 2024
Federal Trade Commission (FTC) Chair Lina M. Khan testified before the House Appropriations Subcommittee on Financial Services and General Government today, discussing the agency's FY 2025 budget request and its ongoing work to promote open, competitive markets while protecting American consumers and businesses from fraud.
By Federal Newswire | May 15, 2024
The Federal Trade Commission (FTC) has published its Fiscal Year 2023 Annual Report, providing an overview of the agency's efforts to safeguard consumers and foster competition. FTC Chair Lina M. Khan emphasized the organization's commitment to ensuring that American consumers, workers, and entrepreneurs can benefit from fair and free markets.
By Federal Newswire | May 14, 2024
The advent of connected cars has brought with it a wealth of conveniences, such as the ability to unlock vehicles using an app or play internet radio stations. However, this connectivity also enables these vehicles to gather substantial amounts of data about their users. This data, which can include sensitive information like biometric details and location, poses potential threats to consumers' privacy and financial well-being.
By Federal Newswire | May 14, 2024
The Federal Trade Commission will host an online compliance webinar on May 14, 2024, at 11 a.m. ET to provide an overview of the FTC’s final rule banning noncompetes, which will include information on how to comply with the rule after its effective date.
By Federal Newswire | May 13, 2024
The Federal Trade Commission (FTC) is set to host an online compliance webinar, aimed at providing an overview of the FTC’s final rule banning noncompetes. The session will include information on how to comply with the rule after its effective date. Members of the public are encouraged to submit questions ahead of the webinar by emailing asknoncompete@ftc.gov.
By Federal Newswire | May 13, 2024
The Federal Trade Commission (FTC) has announced that it is disbursing over $180,000 in refunds to consumers who were deceived by false Made in USA claims made by Cycra, a manufacturer of motocross and ATV parts. According to the FTC's complaint filed in June 2023, from 2019 until at least May 2022, Cycra falsely claimed on its website, social media platforms, and product packaging that its products were manufactured in the United States. These claims included a web banner stating, “Proudly designed, developed and manufactured in Lexington, North Carolina,” and product labels...
By Federal Newswire | May 13, 2024
A former sales employee of a sports equipment manufacturer and distributor pleaded guilty today for his involvement in three separate conspiracies. These included two bid-rigging schemes violating the Sherman Act and one conspiracy to commit wire fraud, all targeting schools located in Mississippi and other locations. The conspiracies victimized at least 100 schools.
By Federal Newswire | May 12, 2024
The U.S. Justice Department (DOJ) has announced that a former owner of contractor companies providing fuel truck services to the U.S. Forest Service’s wildfire fighters pleaded guilty to violating the Sherman Antitrust Act. This announcement comes in the wake of a wiretap investigation that led to the indictment of two executives in December 2023.
By Federal Newswire | May 10, 2024
The U.S. Justice Department has recently set up the Task Force on Health Care Monopolies and Collusion (HCMC) to spearhead its Antitrust Division’s enforcement strategy and policy direction in healthcare markets. The primary aim of the task force is to foster policy advocacy, investigations, as well as civil and criminal enforcement in the healthcare sector.
By Federal Newswire | May 9, 2024
A recent report by the Information Technology and Innovation Foundation (ITIF) suggests that several industries in the United States could potentially benefit from increased consolidation and economies of scale. The sectors that stand to gain include banking, construction, and telecommunications.
By Federal Newswire | May 9, 2024
The U.S. Justice Department has announced the establishment of the Antitrust Division’s Task Force on Health Care Monopolies and Collusion (HCMC). The HCMC is set to guide the division's enforcement strategy and policy approach in health care, including facilitating policy advocacy, investigations, and civil and criminal enforcement in health care markets when necessary.
By Federal Newswire | May 8, 2024
"The former owner of contractor companies that provided fuel truck services to the U.S. Forest Service’s wildfire fighters pleaded guilty today to conspiring to monopolize, rigging bids and allocating territories in violation of Sections 1 and 2 of the Sherman Antitrust Act. The plea follows a judicially authorized wiretap investigation that led to the indictment of two executives in December 2023.According to a plea agreement and superseding information filed in the U.S. District Court for the District of Idaho, Ike Tomlinson, 60, conspired with co-defendant Kris Bird, 61,...
By Federal Newswire | May 7, 2024
The United States Justice Department’s Antitrust Division, the Federal Trade Commission, and the Department of Health and Human Services have announced an extension to the public comment period for the Request for Information (RFI) on Consolidation in Health Care Markets. The deadline has been moved from May 6 to June 5, granting the public an additional 30 days to submit a response.
