federal trade commission

US ban on worker noncompetes faces uphill legal battle

The U.S. Federal Trade Commission's ban on "noncompete" agreements commonly signed by workers is likely vulnerable to legal challenges, experts said.

Jon Stewart says Apple asked him not to interview FTC's chair during antitrust scrutiny: 'Why are they so afraid?'

“I wanted to have you on a podcast and Apple asked us not to do it,” Stewart said.

TikTok facing potential lawsuit from feds over children's privacy probe: sources

The probe is separate from ongoing concerns in Congress about the potential that the data of TikTok's 170 million US users could be improperly accessed by the Chinese government.

Reddit prices IPO at top of indicated range to raise $748 million

Social media platform Reddit priced its initial public offering at the top of its targeted range of $31 to $34 per share Wednesday raising $748 million and giving the IPO market...

Feds side with McDonald's franchise owners in battle to fix ice cream machines

The Federal Trade Commission and the antitrust unit of the Department of Justice are asking the US Copyright Office to approve an exemption.

Biden slashing credit card late fees to $8 in latest crackdown on junk fees

The rule would bring the average credit card late fee down from $32. The CFPB estimates banks brought in roughly $14 billion in credit card late fees a year.

FTC sues to block $25B Kroger-Albertsons deal, cites fears of grocery price hikes

The deal, which would create a grocery empire with more than 4,000 stores, has drawn tough scrutiny from lawmakers and consumer groups worried about higher grocery prices, job losses, store...

FTC chair reacts to NY Mag financial columnist who lost $50K in 'vishing' hoax

Khan posted the note on X just hours after Charlotte Cowles published her story on The Cut about getting duped into handing over $50,000 in cash.

FTC probing drug 'middlemen' over 'critical' generic shortages at hospitals: 'Endangering patients'

The public information request by the agency and the Department of Health and Human Services comes on the back of a shortage of crucial drugs like chemotherapies over the last...

FTC nominee Melissa Holyoak traded chummy emails with Google-backed firm that 'advocates abolishing antitrust rules'

In one email, the think tank's CEO wrote of the FTC that “burning it to the ground is too good for it.”

Illumina to divest cancer test maker Grail

The divestiture will be executed through a third-party sale or capital markets transaction, San Diego-based Illumina said in a statement, adding that it would finalize the terms by second quarter...

FTC launches antitrust investigation into $9.6B Subway merger: source

The FTC, headed by 34-year-old Biden appointee Lina Khan, is still gathering information as it reviews the Aug. 24 merger agreement, and has no near-term deadlines.

How to help older relatives steer clear of internet scams

Last year, consumers of all ages were scammed out of $8.8 billion. And older adults lost the most money compared to other age groups, according to the Federal Trade Commission.

FTC proposes ban on 'bogus' fees, says hidden charges push prices: 'Honesty rather than deception'

The Federal Trade Commission on Wednesday proposed a rule to ban any hidden and bogus junk fees, which can mask the total cost of concert tickets, hotel rooms and utility...

Scammers horrifyingly using AI to beg parents for thousands by mimicking their kid's voice

One mom told The Post she picked up the phone to what she thought was her daughter's voice screaming and crying, "Mommy, I just got arrested. I'm so sorry. I'm...

Lina Khan’s mission to destroy Amazon will harm millions of consumers

In pursuit of Khan’s white whale, the FTC is bringing a case it cannot win, potentially resulting in great harm to consumers.

Amazon sued by FTC, 17 states for allegedly inflating online prices, overcharging sellers

The FTC and 17 state attorney generals filed an antitrust lawsuit against Amazon -- the latest government attempt at breaking Big Tech's dominance of the internet.

FTC to file antitrust lawsuit against Amazon within days: report

The long-awaited legal action by FTC Chair Lina Khan is expected to take aim at what its critics charge are Amazon's monopolistic behavior.

Subway's $9.6B sale could face US antitrust heat -- over its own strict competition rules: sources

Subway's deal to sell itself for a whopping $9.6 billion could face more antitrust scrutiny than expected, sources said -- and a major sticking point could be strict competitive rules...

How Microsoft is looking to ease UK antitrust worries over $75B Activision deal

Microsoft, which also agreed to relinquish exclusive cloud streaming rights to all current and future Activision games over the next 15 years.