(Reuters) – U.S Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to “pump the breaks” on Chevron Corp’s proposed $53 billion acquisition of Hess Corp. “The FTC should side with consumers and pump the breaks on this deal,” Schumer said in a post on social media platform X, adding that the […]
(Bloomberg) — The US Federal Trade Commission declined to challenge Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. but asserted that Scott Sheffield, Pioneer’s co-founder, must not take a seat on the supermajor’s board. Most Read from Bloomberg The decision, announced Thursday in a filing, will ease concern the Biden administration will […]
By Daniel Wiessner (Reuters) -The U.S. Chamber of Commerce, the country’s largest business lobby, filed a lawsuit on Wednesday seeking to strike down a federal agency’s near-total ban on employers requiring workers to sign agreements not to join rivals or launch competing businesses. The Chamber’s lawsuit in federal court in Tyler, Texas, alleges that the […]
Melissa Holyoak, sworn in Monday as a Republican on the Federal Trade Commission, is planning to hire a Capitol Hill staffer who has been closely involved with Rep. Jim Jordan‘s (R-Ohio) ongoing partisan criticism and oversight investigations of agency chair Lina Khan and FTC staff, according to two people with direct knowledge of the pending […]
The Justice Department and the Federal Trade Commission are deep in discussions over which agency can probe OpenAI, including the ChatGPT creators’ involvement with Microsoft, on antitrust grounds. The FTC initiated talks with the DOJ months ago to figure out which one can review the matter, according to three people with knowledge of the matter. […]
By Jonathan Stempel (Reuters) – Outlogic, a Virginia-based data broker, agreed to stop selling sensitive location data that helps track people’s whereabouts, as part of the Federal Trade Commission’s first data tracking settlement. Tuesday’s accord resolves claims that Outlogic, formerly known as X-Mode Social, violated consumers’ privacy for several years by selling their data to […]
The Federal Trade Commission is suing Grand Canyon University and its president over what it says were deceptive advertising practices. In the lawsuit filed Wednesday, the FTC accused Grand Canyon University of misleading potential doctoral students about the cost and course requirements. In addition, the commission contends the school misrepresented itself as a nonprofit organization […]
Washington CNN — Artificial intelligence tools such as ChatGPT could lead to a “turbocharging” of consumer harms including fraud and scams, and the US government has substantial authority to crack down on AI-driven consumer harms under existing law, members of the Federal Trade Commission said Tuesday. Addressing House lawmakers, FTC chair Lina Khan said the […]