Federal Trade Commission (FTC) News

FTC Says CVS, Cigna and UnitedHealth Abuse Middleman Role

Units of CVS Health Corp., Cigna Group and UnitedHealth Group Inc. charged significantly more than the national average acquisition cost for dozens of specialty generic drugs, bringing in more than $7.3 billion in excess revenue over six years, the Federal …

Trump’s Antitrust Trio Heralds Big-Tech Crackdown to Continue

President-elect Donald Trump’s antitrust picks are likely to take a hard-line on the tech giants, and a harder line on corporate consolidation than the average Republican. All three of the new administration’s selections – Gail Slater as DOJ antitrust chief, …

Kroger’s $24.6 Billion Albertsons Deal Blocked by Judges

A federal judge blocked Kroger Co.’s $24.6 billion acquisition of Albertsons Cos., finding the takeover would lessen competition for US grocery shoppers, in a ruling that marks a likely death knell for the deal. In a decision filed Tuesday, US …

Trump Taps Andrew Ferguson to Replace Lina Khan as FTC Chair

U.S. President-elect Donald Trump tapped Federal Trade Commissioner Andrew Ferguson to lead the consumer protection and antitrust agency, Trump said on social media on Tuesday. Ferguson, one of two Senate-confirmed Republican FTC commissioners appointed by President Joe Biden, will be …

FTC Hits Pair of Data Brokers for Unlawfully Tracking and Selling Consumer Data

The Federal Trade Commission said it has issued an order prohibiting data brokers Mobilewalla and Gravy Analytics from selling consumer data without consent—including location information related to visits to healthcare facilities, places of worship, and participation in protests. According to …

Microsoft Faces Wide-Ranging Antitrust Probe

The U.S. Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday. The probe was approved by FTC Chair Lina Khan …

FTC, Meta Face April Trial Over Suit to Break Up Company

Meta Platforms Inc. faces an April 14 trial in the Federal Trade Commission’s long-running antitrust lawsuit to break up the company. US District Judge James Boasberg ruled Monday that the trial will take place in Washington next year. The FTC’s …

How Will the Antitrust Showdown Launched Under Biden Change Under Trump?

The U.S. antitrust watchdogs that pounced on Big Tech and deterred corporate deal making throughout President Joe Biden’s administration may be kept on a shorter leash by Donald Trump after he returns to the White House next year. Although regulators …

FTC’s Holyoak Concerned AI Collecting Children’s Data

U.S. Federal Trade Commissioner Melissa Holyoak said on Thursday the agency should look into how artificial-intelligence products use the data they gather from younger users, amid privacy and safety concerns. Holyoak, one of two Republicans on the commission who could …

Meta Pushes Back Against FTC Effort to Toughen Privacy Order

Meta Platforms Inc. rebuffed the Federal Trade Commission’s plans to modify a 2020 privacy settlement with the company, arguing that such a move would need approval from a federal court. A Meta lawyer told the FTC’s five commissioners at a …