35 Burst results for "Federal Trade Commission"

CEO Nate Jones Talks About His Company's Xlear Nasal Spray

The Charlie Kirk Show

01:49 min | Last week

CEO Nate Jones Talks About His Company's Xlear Nasal Spray

"Very interesting story here. I want to talk about how the Federal Trade Commission is targeting a company for trying to help people. It's remarkable. Nate Jones joins us, CEO of clear, and that is spelled X clear. Welcome to the Charlie Kirk show. Well, hey, thanks for having me. Tell us your story. No, the story is I'm a founder CEO of a clear spell that are, but it's pronounced clear. And we've been selling nasal hygiene products for over two decades since 2000. And most people are familiar with using a saline spray. Ours actually has xylitol in it. It's a sugar molecule that is actually been shown to block bacterial and viral adhesion of a variety of bacteria and viruses. My father's a physician. He started using it in a nasal spray to wash out the airways of young children. In his practice, that we're having recurrent upper respiratory issues. And so we've been doing this for 20 years. And when this pandemic came along, we had a bunch of doctors that were using it for people with COVID and they called us and said, hey, you guys need to look into this. And so we started doing research and trying to find out what was going on there. And what we found in some of these studies and there was a study that came out of university of Tennessee where they showed that xylitol actually was able to block the SARS CoV-2 virus from adhering to the tissue. And so we started we went to the FDA and said, hey, we would like to do a human trial on this and see if it works. And they said, well, no, you're not a drug. You can't do it. We've tried many times. We tried to go into barda. We've tried getting this information into the CDC. And it's just been ignored.

Nate Jones Charlie Kirk Federal Trade Commission University Of Tennessee Sars FDA CDC
Former Uber security chief found guilty of concealing data breach

AP News Radio

00:43 sec | Last month

Former Uber security chief found guilty of concealing data breach

"There's a conviction in the Uber data breach cover up The former chief security officer for Uber has been convicted of trying to cover up a 2016 data breach in which hackers access millions of customer records Authorities say Joseph Sullivan was convicted Wednesday in San Francisco of federal charges for concealing the breach in which hackers stole data of 57 million users and 600,000 driver's license numbers Prosecutors say Sullivan concealed the breach from the Federal Trade Commission and secretly paid the hackers $100,000 in return for promising not to release the data Uber's new management uncovered the truth in 2017 and made the breach public the hackers pleaded guilty in 2019 to

Joseph Sullivan Uber San Francisco Sullivan Federal Trade Commission
"federal trade commission" Discussed on WABE 90.1 FM

WABE 90.1 FM

01:37 min | 2 months ago

"federal trade commission" Discussed on WABE 90.1 FM

"Has made a lot of changes after 2019 because they were regulated. The Federal Trade Commission fined the company for violating children's privacy laws online. And since then, they have made changes to their advertising business and the way they collect data. They've made significant push to try to program quality into their algorithms. Interesting example is they say they're promoting videos now that are not overtly commercial videos that maybe encourage children to go outside and play or do science experiments. This is the company's methods because it avoids taking a strong editorial hand. It doesn't want to pick videos for people. It wants the audience to select algorithmically. And so they'd make these sometimes confusing and strange decisions to try to program the site in a particular direction without being too heavy handed. So somewhat regulated now, but you write that for years, YouTube could fly below the radar of debates about social media's impact on kids. How was it able to go for so long while the other big tech companies, even its parent company Google were being grilled by Congress and the media? I think some of it is just the media and myself included and politicians, their experience of YouTube is different than their experience of other social networks. For a lot of people, certainly above a certain age, YouTube is a utility. It is a search platform, it's something where I may look up how to instruction I may learn how to fix my car or a yoga routine. It's

Federal Trade Commission YouTube Congress Google
"federal trade commission" Discussed on > Better Series

> Better Series

04:37 min | 2 months ago

"federal trade commission" Discussed on > Better Series

"Government affairs unit, and they have their own relationship with the Federal Trade Commission as well. By the way, the CSS or C has referred, I think it's 19 cases now to the FTC and the division of marketing practices regarding direct selling companies that choose not to participate in a forum.

Federal Trade Commission FTC
"federal trade commission" Discussed on WGN Radio

WGN Radio

02:59 min | 2 months ago

"federal trade commission" Discussed on WGN Radio

"Four 6 two 6, the Federal Trade Commission will soon be getting a new leadership, but how soon, by the way, John schweppe of the American principles project. Well, I think there is sand by the end of the year. So I'll tell you, we have one and a half weeks left of the Senate before this thing's over for the election. So my guess is probably after November and the lame duck. All right, very good. Tommy and Charleston, West Virginia. Good evening. Good evening. Thank you again for refining guests. Let me reserve the right to ask my question, but good comment, few call us back guide talked about the Roman Empire and I don't think he fully stated this case. What's the difference between ourselves and the fall a Roman Empire is the fact that well, for one thing, we had not become a empire and we still have elections. That's one difference. A bunch of Germanic Germanic hordes waiting along our borders to nibble away at us. That's another. Well, what we have done that they did wrong was to allow significant elements of our economy to be produced or taken care of outside of our borders. Are you talking about outsourcing various things that we do? I'm talking about China and our bipartisan stupidity of the mid 1990s where we allowed an exceptional volume of investment money to go into China and because we were going to be able to sell them NBA games on the Internet or whatever however that's done. Politicians are very quick to point out bipartisan accomplishment. They refuse to acknowledge bipartisan failure. And my question is bigger than that. Okay, let's hear it. For one thing, I won't app anything. I can't even text because my hands are shot to bleep. Well, we're very sorry to hear that. Can the guest please on the cyber world? Please explain to me how people are being encouraged buying mortgage deed and insurance because cybercriminals of some sort are able to get banks to loan them money using my house, your house or mister bonds house as collateral. All right, let's ask our guests about that

John schweppe American principles project Federal Trade Commission Charleston West Virginia Tommy Senate China NBA
"federal trade commission" Discussed on WABE 90.1 FM

WABE 90.1 FM

07:40 min | 3 months ago

"federal trade commission" Discussed on WABE 90.1 FM

"Of security is now blowing the whistle on the company. Peter zatko, also known by his hacker named mudge, filed complaints with several government agencies. He accuses Twitter of serious security flaws that he says pose a risk to the platform's users, shareholders, and national security. The complaint was obtained by CNN and The Washington Post. Joseph men is a technology reporter for the post, welcome to all things considered. Thanks for having me. So you spoke with Peter Zack, go former Twitter head of security. What did he tell you, his reasons were for filing this whistleblower complaint with the Justice Department, the Federal Trade Commission, and the Securities and Exchange Commission? Well, he was very frustrated during his short time at Twitter. He was there for 15 months and brought in because after a particularly embarrassing series of hacks in 2020. So he was brought in because of his reputation to fix the place, and then he basically wasn't able to do so. And he was fired after a change in CEO in January, and he told me that he sees this whistleblower complaint as an extension of his work trying to make Twitter safer for people. And if the company won't do it, then he's basically inviting regulators to come in and make them do it. Can you explain what in his view the threat to national security is? Well, he says they were warned that there was more than one intelligence agency with people inside the company. He says that he believes that there was an agent of the Indian government inside the company. So there's that. There's the insider threat stuff. But also just what he describes as egregious failings in protecting user data, which can include phone numbers, location data, real emails. That's super risky because maybe not for you and me, but in many countries, the dissidents are using Twitter to communicate, and they're a great risk. And they can be exposed this way. In fact, there was an insider threat in San Francisco. There was just a conviction this month of somebody who was accused of working for the Saudi government inside Twitter. And turning over information about dissidents. So that's the national security issue. Peter zatko has an interesting background. Tell us a little bit more about him. Well, mudge that goes he's known as actually one of the most famous hackers in the country. It has been for a long time. In the 1990s, he was one of the first people to publish details of security flaws and software so that at that point, if you're a probably a business and you bought some software, this is the early 90s mudge and others would find flaws in them instead of just exploiting them by themselves and breaking into people's computers who were using that software. They would publish findings that said, this is the problem or that's the problem. Okay, so back to this whistleblower complaint. How has Twitter responded to this? They say that it's exaggerated. It's out of date. There's an accuracy in it. They say it's that go is a disgruntled former employee who was fired for poor performance and poor leadership. And this comes as the ownership of the companies in question, Elon Musk is trying to back out of a deal to buy Twitter. Do you expect this to have an impact? It's certainly going to have some impact. The question is how much? And I think we're going to know that soon. Much that go can be subpoenaed. And it's very likely to be subpoenaed by Musk's team, Musk has already sort of alluded today to the complaint. Musk is trying to get out of the deal and do it for free on a couple of grounds. One is that Twitter radically underestimated the number of bots and spammers on its site. And they've done it by so much that it's a material adverse event to get down to the actual number of bots to find out what that is and that go agrees in part of his complaint is there's a section titled Twitter lies to Musk about bots and the second thing is that in the deal that was struck with Musk's Twitter stood by its SEC filings and said that everything in them is true. Zach says otherwise it says that by hiding these really serious security deficiencies, it was among other things violating an 11 year old agreement with the Federal Trade Commission to do better and have a decent security program. And that is a material omission to shareholders, and if Musk picks up one that he could argue that Twitter attesting to the veracity of its statements to shareholders was fraud and breach contract. Are there larger implications here for cybersecurity beyond Twitter? There are. So I've covered cybersecurity for 20 years or so, and I'm hearing from a lot of people today, both that Twitter is an outlier that it's got exceptionally bad security historically. But also that it is kind of a symbol of how bad a lot of tech companies are. It's security. You know, behind the scenes. It's super rare to have a whistleblower. This high rank with this kind of reputation come forward. But you shouldn't really be shocked if similar things are happening at other companies that we don't know about. That's Joseph man, a technology reporter for The Washington Post. Thanks a lot. Thanks for having me. In Russia today, a televised funeral for the woman killed by a car bomb in Moscow this past weekend. Her name was Daria dugin. She was a Russian propagandist, she supported her country's invasion of Ukraine both on TV and online, and her death is making global headlines both for its violence and because of who her father is. Well, let's bring in Merlin la roel, she is director of the institute for European Russian and Eurasian studies at George Washington University. Welcome. Thank you. All right, so let's talk about the father. His name is Alexander dugan. He is a prominent far right political philosopher who's thinking is believed to have influenced Vladimir Putin's what else should we know about him? Well, first, I think we should question that first assessment that I think it's more complicated than that. He was pretty famous in the 90s because he was one of the first one in Russia to formulate a kind of language, a political language about Russia's great power in Russia as an empire. But in the 2000 you really lost some of its prohibitions, there are many other ideologies who appeared who are much more influential on the regime's kind of strategy and it has been pretty marginalized inside Russia is pretty more famous abroad than is a famous in Russia itself. What has he said what has he written specifically about Russia and Ukraine? He has been a very anti Ukraine ideology since the beginning already is one of his most famous work in the mid 90s. He was explaining that Ukraine doesn't exist as a state as a nation that it's a construction of the west as a kind of anti Russia strategy organized by the west. And that's something that was not so common at that time. But after that, it really has been working on many other countries, creating a kind of big geopolitical vision for Russia as an empire. And it has always been very anti Ukrainian to the point that Ukraine has forbidden him to enter the Ukrainian territory already for like 15 years like in the mid to southern he was already personal on grata in Ukraine. Okay. So you're describing him as someone who has been very prominent whose moment at least in Russia may have passed. Do we know how influential he has been on Vladimir Putin's thinking? Are these two men close? No, we even have not sure they have met, Putin has never quoted doogie in dugin is not part of any official institution like several other ideologies. These only on a small Internet channel that is

Twitter Peter zatko mudge Peter Zack Musk Saudi government Federal Trade Commission The Washington Post Russia Securities and Exchange Commis Justice Department Indian government CNN Elon Musk Ukraine Joseph Joseph man Daria dugin Merlin la roel
Former Twitter security chief files whistleblower complaints

AP News Radio

00:55 sec | 3 months ago

Former Twitter security chief files whistleblower complaints

"I Mike Gracia reporting of former Twitter security chief files whistleblower complaints Peter zatko who was Twitter's security chief until he was fired earlier this year has filed whistleblower complaints alleging the company misled regulators about its cybersecurity defenses and its problems with fake accounts according to reports by The Washington Post and CNN Zabka filed the complaints last month with the U.S. Securities and Exchange Commission the Federal Trade Commission and the Department of Justice The Washington Post reports among the most serious accusations is that Twitter violated terms of a 2010 FTC settlement by falsely claiming it had a strong security plan In a prepared statement Twitter said Zabka was fired for ineffective leadership and poor performance and that the allegations appear designed to capture attention and inflict harm on Twitter Its customers and its shareholders Mike Gracia Washington

Mike Gracia Peter Zatko Zabka Twitter U.S. Securities And Exchange C The Washington Post FTC CNN Department Of Justice Mike Gracia Washington
 Facing pressure, Biden to sign order on abortion access

AP News Radio

00:47 sec | 5 months ago

Facing pressure, Biden to sign order on abortion access

"Pressure President Biden will sign an executive order on abortion access Two weeks after the Supreme Court overturned roe V wade ending a constitutional right to abortion president Joe Biden will take executive action to protect access to abortion according to three people familiar with the matter The White House says Biden will speak on protecting access to reproductive healthcare services Friday He is expected to formalize instructions to the departments of justice and Health and Human Services to push back on efforts to limit the ability of women to access federally approved abortion medication or travel across state lines to access clinical abortion services Biden will also ask the Federal Trade Commission to take steps to protect the privacy of those seeking information about reproductive care online Mike Gracia Washington

President Biden Roe V Wade Departments Of Justice And Hea Joe Biden Biden Supreme Court White House Federal Trade Commission Mike Gracia Washington
After Roe, Dems seek probe of tech's use of personal data

AP News Radio

00:51 sec | 5 months ago

After Roe, Dems seek probe of tech's use of personal data

"Following up on the Supreme Court's ending of the constitutional protections for abortion Democrats in the Senate are calling for an investigation of tech companies use of personal data The lawmakers accuse Apple and Google of deceiving millions of mobile phone users by enabling the collection and sale of their personal data to third parties Privacy experts say now that roe versus wade was overturned it could make women vulnerable because their personal data could be used to surveil pregnancies and shared with police or sold to vigilantes and a letter to the Federal Trade Commission the senators said data brokers are already selling and sharing the location information of people that visit abortion providers to anyone with a credit card They also noted Apple and Google now allow customers to opt out of data tracking but until recently it was difficult to do it Ed Donahue Washington

Supreme Court Senate Apple Google Wade Federal Trade Commission Ed Donahue Washington
"federal trade commission" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:53 min | 6 months ago

"federal trade commission" Discussed on WNYC 93.9 FM

"A plan dot org I'm David Bronco in New York first Twitter has agreed to pay a $150 million to settle allegations it deceived people about their private data turned over by users in some cases who thought it was just used to keep their accounts safe marketplaces novo safo has this The Justice Department and the Federal Trade Commission say that during a 6 year period starting in mid 2013 Twitter told users that it collected their phone numbers and email addresses in order to maintain account security regulators say what the company didn't disclose is that he was also using that information to show users targeted advertising A government says under the $150 million settlement Twitter will be bound by new compliance measures In the blog post a Twitter executive said the company takes data security and privacy extremely seriously and has improved its operations A former marketplace Are you buying maybe trips and meals and less boxes of stuff Because it's back ordered or jumped in price the commerce department releases data tomorrow on how consumers are behaving during these inflationary times marketplaces Justin Ho has more on how objects are out and services are in Spending on goods jumped at the start of this year but it's been falling ever since Jennifer Lee senior economist at the bank of Montreal What we are seeing right now is probably people holding back because either a because of the higher prices or be there just waiting until they can start seeing some more supply come back online On the other hand spending on services like travel and going out to eat has been steadily increasing for most of the last year according to the commerce department We're really just kind of in the early stages of that shift And it's going to pick up steam we think That's Kathy boss Jan sick at Oxford economics She says many people already bought all the TVs and household goods they need Now they want to get out of the house And even though prices are rising consumers can afford to spend money The labor market is still very strong and there's still a big pile of savings on the household balance sheet Spending on services won't replace spending on goods For instance boss jans says people will buy more vehicles when more become available I'm Justin Howe for marketplace Notes from the Federal Reserve's last meeting came out yesterday expect several half a percentage point jumps in rates in the coming months given inflation caused by pandemic and Russia's war distortions and the hot jobs market in the U.S. Stock index futures are every which way for the S&P up a tenth of a percent for the NASDAQ down two tenths of a percent the ten year interest rate down 2.73% today we also followed the money that will guide whether significant changes are made to the laws governing firearms in the wake of the 19 children and two adults murdered in South Texas marketplace morning report podcast will have that if you miss it on the air today.

Twitter David Bronco novo safo Justin Ho commerce department Federal Trade Commission Justice Department Kathy boss Jan Oxford economics Jennifer Lee bank of Montreal New York Justin Howe jans Federal Reserve Russia U.S. S
 Twitter to pay $150M penalty over privacy of users' data

AP News Radio

00:41 sec | 6 months ago

Twitter to pay $150M penalty over privacy of users' data

"Twitter has been ordered to pay a multi-million dollar penalty over privacy violations In an announcement Wednesday regulators with the Justice Department and the Federal Trade Commission said Twitter failed to protect users over a 6 year span They say Twitter violated an FTC order issued in 2011 after serious security breaches the company failed to disclose that user's private contact information allegedly collected for security purposes was used to let companies send targeted ads The company has been ordered to pay a $150 million fine and put in new safeguards In a federal lawsuit the regulators are also alleging that Twitter falsely claimed it was complying with international privacy agreements The announcement came on the same day as Twitter's annual shareholders meeting Jack Dorsey's last day on Twitter's board

Twitter Federal Trade Commission Justice Department Jack Dorsey
"federal trade commission" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:11 min | 8 months ago

"federal trade commission" Discussed on Bloomberg Radio New York

"To evaluate whether mergers are anti competitive or not For more on this we're pleased to be joined by Bloomberg intelligence senior litigation analyst Jennifer ray great to see you again Thanks for coming in I know you've been following this effort from the Justice Department and the Federal Trade Commission for some time to sort of tweak the rules on mergers Can you get us up to speed on what's been happening It's your thing Thanks for having me Nathan I appreciate it We're really seeing an aggressive and interventionist Department of Justice and Federal Trade Commission like we haven't in many many years And they're undertaking a number of measures to just generally slow down deal making across many industries And this is multifaceted So first they're undertaking measures just to increase the difficulty of the process of reviewing mergers and add uncertainty into the whole review assessment to stop mergers at the outset before they're really even signed and come before the agencies and then in addition they're reevaluating the guidelines they've used since about 2010 for horizontal mergers more recently for vertical type mergers and non horizontal mergers To change the way they may assess the deals And one of the biggest difficulties for companies right now is that those guidelines have meant to be something company can rely on It's sort of a step by step analysis That tells the companies how the FTC or DoJ may evaluate the deal Right now they're in a state of flocks So companies entering deals right now can't rely on those guidelines today and at the end of this year or early 2023 they're going to look different and nobody really knows what that means right now Well do we have a sense at this point what the guidelines could look like Is the DoJ or the FTC giving any hint as to what changes could be made Oh yes absolutely Because they're asking for response from the public Any participation anybody interested in this process So they've put out what's called a request for information And they highlighted all sorts of areas that they're thinking about You know it doesn't necessarily mean the guidelines will be updated in those areas But some of the things they're thinking about are digital market transactions Whether or not transactions and companies that are in the digital market like big tech platforms should have a different set of rules that apply to them than companies that say make a product And necessarily part of that digital world They're also looking at whether or not threshold presumptions of illegality that they use today should be lowered So in other words they have built within the guidelines a quantitative threshold where they look at the market shares of the companies that are merging And if they exceed certain levels it's presumed to be anti competitive and now the companies have to come back and rebut that Those thresholds might be lowered And the effect of that would be the more deals are captured within that presumption of illegality There are also trying to figure out how they can better capture transactions that involved an incumbent buying a nascent competitor A company that's really small It's unclear what that company's future will be but it's considered a nascent competitor It could thrive and become a big rival to the buying company but the buying company picks it up before that can happen And they want to prevent that from happening in the future Are these potential changes something that's really going to be focused on big tech because it does seem as though that sector in particular some of the hugely profitable and hugely valued names that we talked about all the time are the ones that seem to be under the microscope here Very much so I mean you have really four big U.S. companies that are very much under the microscope of the regulators beyond just the merger area They're also looking at conduct of alphabet meta Amazon and apple for sure Yes this is focused on big tech because there's just this perception that the rules and the guidelines we've used so far to simply haven't worked that that industry has changed so much that the old rules just don't work in that industry anymore But it's not just big tech in that They're looking at any kind of an industry that they believe is already over consolidated So what we hear about a lot is healthcare agriculture beer airlines These are some of the big ones Health insurance These are industries that have really consolidated quite a bit over the last 20 years And there are concerns It's already gone too far So if these changes are to be made Jen how is this going to change potentially How companies go about deciding whether to acquire someone else Well first I think it's going to stop certain deals In the boardroom they don't want to go through the two years of difficulty and possibly a court fight to get a deal closed if it's risky It could also affect the deal terms overall It could increase deal prices for riskier deals It could increase what we call a breakup fee The fee generally paid by the seller to the buyer if the deal falls apart for antitrust purposes Also timelines might have to get extended because the review process has been extended and there's a greater likelihood you'll have to go into litigation to get your deal So you're going to need rather than building in about a year long process in your purchase agreement you're going to need a two year long process or more We're speaking with Jennifer Lee senior litigation analyst at Bloomberg intelligence about potential changes that could be coming to the rules when it comes to M and a How could these potential rule changes affect legislation that's moving forward on Capitol Hill Because we have seen in the Senate something of a push to move major antitrust legislation It's been a slow go Given how divided the Senate is But could these rule makings potentially affect what happens legislatively You know to some extent I think these are parallel processes and neither the legislative process nor the enforcement process within the FTC and DoJ want to wait out the other So the FTC and DoJ are trying to take measures now But the legislative process is underway as well Now what I'll say about that is that the proposed bills in the antitrust arena that have actually moved forward and appear to have some prospects are not really in the merger area They're more in the regulating the conduct of big tech platform area There are bills that are proposed that would that would change the merger guidelines that are not the merger guidelines but would change enforcement make it more difficult for mergers to get accomplished But those bills are kind of sitting and quietly don't seem to have a lot of traction Outside of giving the FTC and DoJ more resources That is something that's out there that I think probably will happen and will help merger enforcement because they need it Do you get a sense that companies are concerned at all about major legislation being passed on antitrust or on merger related activity given the division within the Congress Oh absolutely I mean I think we're seeing the lobbying efforts really increase tenfold for some companies in the last two years Recently Tim Cook made a speech about one of the proposed bills that would impact apple and apple sort of closed walled garden system that people think of for their cell phone And talked about the dangers of that legislation He's been out there speaking about that and others from some of the big tech platforms have talked about some of the dangers They think the.

DoJ Jennifer ray FTC Department of Justice and Fede Bloomberg Justice Department Nathan Jennifer Lee apple Amazon Jen Senate U.S. Tim Cook Congress
Richard Morrison Describes the Role of the SEC

The Doug Collins Podcast

02:03 min | 8 months ago

Richard Morrison Describes the Role of the SEC

"What is the SEC? What is their intended role in this marketplace? So the security and exchange commission was created in the 1930s after The Great Depression where a lot of people thought the 1920 non stock market crash meant that the markets needed more government supervision. So Congress passed two laws one in 33 and one 34 that basically are the basis of the modern institution of the SEC today. So they regulate public companies publicly traded companies that you can buy shares from. And most of what they do is requiring companies to issue information, make truthful disclosures about their company. So there's a bunch of different regulations and forms that they have to follow. These form, it's called a ten K form, or they have to fill in all sorts of information. And it's a lot of the sort of things that you would find in a company's annual report. You know, if you're a shareholder, you just go to a company's website, you know, you can almost always find their annual report there. So it's a description of the company and what they think their opportunities for the future are and possible threats. So the other thing is the policing fraud. And so there have been as long history of investment fraud, get rich quick schemes, people that are trying to take your money with false promises. So the SEC is in charge of policing that as well. So it's a little bit like the Federal Trade Commission also protects consumers from fraud and lots of different areas. The SEC does it specifically when it comes to investments, things like stock trading and whatnot. So I think there's even if you are sort of a libertarian who are freedom loving person, small government person, there's certainly a role to play for an agency like the SEC because we don't believe in force and fraud. You know, we don't believe in people stealing your money. Under false pretenses. And so I'm glad that the SEC is there, you know, stopping people from defrauding the widows and orphans of

SEC Depression Congress Federal Trade Commission
"federal trade commission" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:55 min | 10 months ago

"federal trade commission" Discussed on Bloomberg Radio New York

"I don't know Roman you can ask for a man I go to him for all the I go to him for all the tips All the time Remains on them with a functionality or two up 6 points in the S&P 500 thousand 522 is where we train We're up a hundred points on the Dow up three tenths of a percent We're just clicking into the green as we speak on the NASDAQ up just four points in terms of big tech Remember we had been off by 7 10% on the S&P 500 earlier today So we have had some movement amid the ongoing data that we continue to digest We're also 2000 finally catching a bid at 5 10% for the small caps too And what's so interesting is financials are now joining energies being positive again for the year This is after we're getting another sort of big lift at least on the day here This is the sector winners the sector losers It looks mostly 50 50 but remain it actually looks more risk on in this picture than it really does if you're just looking at the major average It's energy materials industrials financials when you think about that yield curve that's really what is leading it up today You have to note technology Second worst performer on the day All right well you talk about some of the big movers Actually keep an eye on ExxonMobil They reported earnings having their best quarter that we see in going back to 2014 they're going to accelerate a $10 billion share buyback and they talked a lot about I actually increasing production now in the Permian Basin Keep an eye on that story because now that the big oil majors are starting to get attracted to increasing production that could have some reverberations here on prices AT&T finally giving us a little bit of clarity here about that spin off of that WarnerMedia deal WarnerMedia going to be folded into discovery Unfortunately that means for AT&T shareholders and not only are you getting a slightly different company one that's focused primarily on 5G and on fiber optics but you're also getting one that's going to have a much lower dividend Those shares down about a 4% here on the day of Microsoft shares down about a percent some concern here right now about the review the U.S. government's review of that Activision deal here The general idea right now is that that's going to be done by the Federal Trade Commission and not the Department of Justice We know the FTC here in the U.S. under Lena Khan has proven to be a little bit more hawkish So keep an eye on that space And here's a fun one for you Amusement parks Tim Cedar fair Apparently according to sources might actually be bought out by who SeaWorld SeaWorld There you go I was wondering if you're paying attention Actually I forgot who it was Phone a friend We're all here That's what teamwork makes a dream work I'm looking at what's happening in terms of the schools coming from analysts as well Remember that rush into the end of clothes of December when suddenly everyone started upping their S&P targets for 2022 Well we've got our first person to pull it back again a month into 2022 Eddie our DNA is doing it He comes in with of course a call for 4800 rather than 5200 The reason it's the fed and Carol we've had plenty of fed chat today and made some of those earnings as well Yeah absolutely We'll talk about that We've also got a lot of CEO chat as well And our manuscript caught up with the CEO of UBS Ralph hammers and he talked about his list of concerns It's not only inflation and supply chains it's actually something else check it out Everybody's making their own analysis if it comes to inflation there But you can work with that Geopolitical tension and the potential events coming from it That's more difficult And that is Ralph hammers the CEO of UBS It's just a reminder We talk so much about the inflation concerns understandably so about supply chain concerns also understandably so But he's watching and he's over there in Europe Watching what's going on geopolitically right now between the tensions between Europe the U.S. and Russia Yeah and certainly much more unpredictable Obviously look we get the economic data on a slow and steady drum beat of economic news and of course the jobs report coming on Friday But when it comes to geopolitical tensions that's what can shock markets and catch people by surprise And it's unclear what's going to happen between Russia and Ukraine It's unclear though And we should point out we've had a few people on the program here on the television side that have kind of said that overall geopolitical events like this tend to have short term effects on the markets but they really don't necessarily last unless it ends up being something really major with regards to some type of warfare but if it's just basically something that's contained to that region here it could have some effect on commodity prices and whatnot but the broader term market ramifications may not be as bad as some people thought And the market is we fold in the inner leg between the strategists on the street Caroline and to your point the Federal Reserve really comes from as you mentioned at the top of the segment Eddie are Denny saying the fed has to get on with it They are late Why are we waiting this long The labor market is strong We certainly saw that in the jolts data this morning Inflation is a problem Why are we doing what just needs to be done I think that is the question And when I haven't been tweeting about NFL to NFTs for Tom Brady I have been retweeting one Carol Massa because you've been talking a lot about noticing what some of the fed speakers been vollard now coming out saying look this raising my 50 basis points shock horror that's not going to be helping the fed overall So he's not in on the.

WarnerMedia Ralph hammers Lena Khan FTC Tim Cedar SeaWorld SeaWorld Permian Basin ExxonMobil UBS S Activision Department of Justice U.S. government fed U.S. Microsoft Russia
Rep. Andy Biggs Proposes Path to Fight Campaign Ad Censorship

The Dan Bongino Show

01:53 min | 10 months ago

Rep. Andy Biggs Proposes Path to Fight Campaign Ad Censorship

"But one of the things that worries me most about big tech I was talking to another congressman the other day former they'll leave his name out of it And he was telling me that his campaign ads used to be censored by both Google Facebook and YouTube that he would get denial You can't run this idea and they weren't controversial ends at all Congressman the guy I was talking to some pretty mainstream guy And I said to him how is that not an FEC violent We have the federal elections commission designed to give us fair and free elections right It's supposed to be conserving again freedom and fairness in elections And yet you have Republicans who can't run ads due to what Facebook says and in Democrats seem to get free reign I mean we do have tools to fight this stuff No yeah we do And we certainly we should be using it Maybe you do have an SEC violation But the problem and you identify just a second ago is the FTC Federal Trade Commission the FTC federal elections commission these folks that get stacked with and they're not regular Democrats These are the less spring Democrats that hate that the professor tolerance but they're so intolerant to us And so I'll tell you there is a way to do this So it's the antitrust law to fix it You do the amendment that the ambition and I worked on a few months back And you take it out of the FTC's head and you take it so there's a cause of action right to the courts itself without having to go through the FTC first And if you do that you're in a full on litigation mode And that's going to be a lot cleaner a lot more transparent It's going to be you're not going to have bureaucrats getting in the way and intervening this I mean there's ways to get at this But it is censorship I mean there's no other way

FEC Ftc Federal Trade Commission Ftc Federal Elections Commissi Facebook Youtube Google SEC FTC
"federal trade commission" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:39 min | 1 year ago

"federal trade commission" Discussed on Bloomberg Radio New York

"Again but the division is now facing new questions concerning why it's the most dominant Bloomberg reports the Federal Trade Commission is pushing forward with an investigation started under the former administration looking at the competitive practices of Amazon's web business This is pretty good for those who own stocks and update on Wall Street The Dow up about 7 tenths of a percent of the S&P 500 up about 1% and the NASDAQ up almost 1.2% And one of the biggest tech events of the year the consumer electronics show will see fewer attendees in Vegas next month Amazon meta Pinterest and Twitter have all canceled plans to attend T mobile is sponsored the show says it will significantly limit its in person presence Denise Pellegrini Bloomberg radio The Alzheimer's association and the ad council present the story of Tom and Levi Thomas the smartest man I know he's been a professor at two major universities been a teacher for over 40 years One day he told me that he was having problems in his classes I think one of the students I'd ask the question and he didn't remember the answer And I also noticed that he was letting his class out earlier than they were supposed to let out And he was telling them that he was doing it as a favor to them But I think in reality he just wanted to get out of there I was really starting to worry because I saw something that's wrong Levi an I talked about outward change in our lives but he was there beside me and my love for him was just immense When something feels different it could be Alzheimer's Now is the time to talk Visit AZ dot org slash our stories to learn more A.

Denise Pellegrini Alzheimer's association Amazon Levi Thomas Federal Trade Commission Bloomberg Pinterest Vegas Twitter Tom Levi Alzheimer
FTC Should Investigate the Democrat Party for Anti-Competitive Behavior

Mark Levin

01:02 min | 1 year ago

FTC Should Investigate the Democrat Party for Anti-Competitive Behavior

"This is absolutely outrageous So the Biden administration Biden Harris and the rest of them They're going to make the price of fuel even higher They're going to reduce the domestic supply even more Even more As they write a pry bar the Biden Harris administration is recommending Congress hiked the cost of oil leases on government lands from 12.5% to 18.75% The 6.25% point royalty rate increase in oil companies contradicts the administration's promise to lower gasoline prices Biden Harris administration have asked OPEC to increase oil supplies They asked the Federal Trade Commission to investigate oil companies for so called anti competitive behavior How come nobody can investigate the Democrat party And the federal government and the bureaucracy for anti competitive behavior That's what they're all about That's what they're all about

Biden Harris Biden Administration Biden Harris Administration Congress Opec Federal Trade Commission Democrat Party Federal Government
"federal trade commission" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:07 min | 1 year ago

"federal trade commission" Discussed on Bloomberg Radio New York

"Keen Carol nose I'm actually having keen baker So okay so hopefully it'll come but that's a long time to wait We've been waiting on one piece of electronics And then I feel like plays into some of the chip shortages that are out there as well A gift No well a gift My husband buffer himself All right let's get back to world the national news Over to Nancy lions She's in her 99 news room Thanks Carol President Biden is taking steps to lower gas prices in his releasing 50 million barrels of crude from the U.S. strategic reserves He says the wholesale price of oil has eased a bit but consumers are not seeing it at the pump and he's asking the Federal Trade Commission to look into why that's happening If the gap between wholesale and retail gas prices was in line with past averages Americans would be paying at least 25 cents less per gallon right now As I speak instead companies are pocking the difference as profit That's unacceptable Biden says he'll do what's necessary to ease prices Jurors are deliberating the case of three white men accused of chasing and eventually shooting to death black jogger ahmaud Arbery Judge Timothy Walmsley addressed the jury before their deliberations You are considering the case of the state of Georgia versus Travis mcmichael Gregory mcmichael and William R Bryan Now that the evidence and the arguments of counsel have been submitted to you it becomes my duty to give you the final instructions of the court Again judge Walmsley prosecutors say the men have no right to claim self defense because they were the ones provoking the confrontation while defense attorneys say the men were making a citizen's arrest In the Charlottesville civil trial concerning the unite the right rally jurors have found white nationalists liable for conspiracy to commit violence under Virginia law but could not reach a verdict on two federal conspiracy charges the jury awarded slightly more than $25 million to 9 people who suffered physical or emotional injuries during the two days of demonstrations Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more.

Carol nose Nancy lions Carol President Biden ahmaud Arbery Judge Timothy Wa Travis mcmichael Gregory mcmichael William R Bryan baker Federal Trade Commission Biden U.S. Walmsley Georgia Charlottesville Virginia Bloomberg
"federal trade commission" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:28 min | 1 year ago

"federal trade commission" Discussed on Bloomberg Radio New York

"Of the equation What you've really got here is consumers coming together to act now As I said a moment ago whether they can maintain that whether they have other tricks they could pull will be the question here and it will be hard If this sort of tussle continues OPEC has key advantages But there's no doubt that it is as important shift in the geopolitics of oil and the OPEC will see it as a very important moment So I know for you it's not that big of a deal because you guys are over there in Europe have these little teeny weeny cars a park in these little parking spots but Matt Miller's got the Ford F one 50 raptor pickup truck It's got 34 gallon tank Is a price of gasoline going to be materially lower because of this or is this again more of a symbolic issue Not materially lower perhaps but I think it's worth pointing out but oil is even with today's little valley It's still a long way above the $8500 it hit at the beginning of the month as rich when the administration really got concerned What we haven't really seen yet is that actually be true to gasoline prices in the U.S. and that's why you've got administration also making noises about is the market within the U.S. for fuels for consumers competitive enough and writing to the Federal Trade Commission So that's where the administration would like to see some actions They do have other levers they could potentially pull including changing how much biofuel goes into gasoline in the U.S. Well just a 30,000 foot question Michael from the poconos emails in And he says is our price going up to Italy's price of a gallon of gas or as Italy's price going down to what we have Well I think I should at least 5 I think those are electric F one 50 will start selling pretty well But I don't think so I mean it's a really really so much of that is a tax issue I mean taxes overlaid on top Yeah absolutely I paid I paid the equivalent of $8 yesterday and frankly I'm used to it It's what we live with but I think politically To do that in the U.S. I mean are we talking at an oil price A couple of $100 There's all great a couple of $100 I think that's hard Yeah he just says Paul but we'll Kennedy's my size Can you see him on a Vespa tool in early London I don't think will Kennedy Thank you so much for the brief Oil prices aren't react.

OPEC Matt Miller U.S. Ford Europe Federal Trade Commission Italy Michael Kennedy Paul London
Under pressure, Apple allows self-repairs to iPhones, Macs

AP News Radio

00:45 sec | 1 year ago

Under pressure, Apple allows self-repairs to iPhones, Macs

"Apple is changing a long standing policy by allowing users to make some repairs to their iPhones for years apple has only allowed company approved technicians to touch its proprietary software in parts but now it's planning to launch an online store early next year we're users can pick up parts and tools to make simple repairs like screens batteries and displays on iPhone twelve and thirteen models not only was the by the administration and the Federal Trade Commission pushing for access to do it yourself repairs even some apple shareholders were demanding a change saying the company's anti repair practices contribute to electronic waste I'm Jackie Quinn

Apple Federal Trade Commission Jackie Quinn
"federal trade commission" Discussed on The Vergecast

The Vergecast

05:41 min | 1 year ago

"federal trade commission" Discussed on The Vergecast

"Data in three printed mid-sole innovation that created amid soul that reduces braking forces and generates over three times as much forward motion compared to previous four mid-sole generations and made a forty percent natural and renewable materials. So you can focus on moving forward and less on plastic waste adidas forty forward designed to move you forward okay. We're back to peace of news today. And i promise you. They happened simultaneously for a reason. Right yeah if you remember. The federal commission and the collection of states all sued up facebook and instagram. What's up they're complaining about tossed out the state's go away. You're done too late. You had your chance. You blew it in. Twenty eleven or whatever. Judge says to federal trade commission which is under the previous chairman. The trump appointed chairman. Hey you forgot to make the case. Facebook the monopoly like the quote was like this whole thing feels like everyone thinks monopoly therefore it is. Let's break them up like you got to make the case their monopolizing something here and so he dismissed it. Today was the deadline for the sec. To reform case in the meantime right joe biden. Appoint selena conduct the chairman of the tc. Lena con does not like facebook and amazon. Facebook asks the ftc. Lena akon recused herself from this case. I don't know i'm in charge of the thing. Her response in this refiled complaints is well. There's a judge like my job is to sue you. Your job is to defend yourself and the judge will decide not me right like you're going to get your due process but but my job is to sue you. So that's her whole response and then lays out this scorching refile complaint russell right up. But scorching definition of what she thinks. A relevant market is if you think about it. The judge basically said you didn't do this part right do a better yeah so they did. That partway better. The definition is very narrow personal show social networking and the complete tries to explain. Why like talk is not a competitor facebook. Because it doesn't it's about your friends and family and like read it isn't in youtube is religious video distribution platform and so the whole point is facebook is about your friends and family right and then it's like twitter. Is there to help us. Keep up with the news. I'm like no these are. I made some friends on. Twitter has yet to make any family into this is happening today. And everyone knows it's gonna happen to me because it's the last day right. Gotta do it. Today all indications are today so then this morning or man. Mark z shows up on. Cbs gayle king in announces. Facebook has built conference rooms in vr. It's called facebook horizon workspace and he like they do the interview in vr on. Cbs is one. It's hilarious out. see throat it up. We've got some clips of zakian from facebook talking about it in vr in vr. I used it today. I've got a quest to plugged it in like what's really funny about other people. Don't have your headsets. Like fake zoom in the. So like you're sitting in a virtual conference ruben. You're like a cartoon avatar sean. Hosters like screen. Like on a fake tv and vr in front of you. It's it's hilarious. The whole thing's. I'm alex i wanna make a start doing meetings. I'm i've got my quest to. I'm ready to go. I'm not saying anything about any of this ridiculous stuff. He's just listening but anyway it was just a very naked like it's a cool product. It's worth talking about right. We add is talking to casey past few weeks ago about the metaverse. This long range plan to get there this but one more step. It's good flashy demo and he's been promising. Vr office meetings for like years. The oculus developer conferences. Yes i mean. The facebook executives insist. They have all their meetings of you are. I refused to believe that through. That's you can decide in your heart. Weathered zach is really doing meeting some yard but they say it's a better in my fifteen minutes and vr. Today doing a meeting like thought it was really weird. This is a really weird. Like how does it feel to be a cartoon. Super super weird here. Can i just say this. Yeah every time. Any software product is like making avatar of yourself. I have a moment of pure crisis where i'm like. I don't know my nose. Looks like shut up. What are you saying pick. Your eyebrows considered the shape of my eyelashes. No mere what pulling your oculus quest headset off over and over again to reference yourself. It's such a weird demand keeps coming. I the new madden. It's like making avatar of yourself. Why where's this spoke. You play in madden as yourself you can. I don't because first of all it was very flattering myself. And i made by mad dudas jack. It's just every time every time something asking myself mike. I don't know man same. Can you can just pick bearded guy. It'll be fine evernote. I'm talking about just lady with glasses. Go on the screen and workspace where you're making the avatar. There's incredible to slimmer. It says all products features might not support legs..

facebook federal commission ftc Lena con Lena akon Mark z instagram adidas joe biden Cbs selena twitter gayle king sec Judge amazon russell ruben youtube
"federal trade commission" Discussed on WSJ What's News

WSJ What's News

02:57 min | 1 year ago

"federal trade commission" Discussed on WSJ What's News

"We report that russian president vladimir putin rebuffed us for basis near afghanistan during june sixteenth summit between the two leaders. That's according to senior u s and russian officials who say the previously unreported exchange undercut. Us plans to act against new terrorist threats in afghanistan after the withdrawal of us troops. They say putin's objection to having american forces in central asian countries complicated. Us plans to base drones and other counterterrorism forces. in countries bordering afghanistan. the issue has been further. Complicated by afghanistan's fall to the taliban over the weekend in afghanistan today. Hundreds of demonstrators in kabul and other cities protested taliban rule carrying the red green and black flag of the government that was ousted by the militant group taliban fighters responded by dispersing peaceful protesters with beatings and gunfire. At least two protesters were killed. Facebook is facing a new antitrust lawsuit from the federal trade commission. The agency filed an amended suit today after a federal judge just missed its original complaint on the grounds that it didn't make sufficient allegations to support. Its claims that facebook is abusing. Its monopoly position in social media. The ftc also denied facebook's request that charleena con and outspoken critic of big tech companies. Be recused from the case in a statement facebook called the lawsuit meritless and denied allegations. That the company is monopolised. We report exclusively that ecommerce giant amazon is planning to expand its brick and mortar presence by opening large retail locations. Similar to department stores sources. Say some of the stores will be located in ohio and california and feature the company's private label goods our tech reporter. Sebastian herrera has more. You know it is kind of ironic because amazon was responsible for some of the downfall of department store chains. Like macy's obviously they. They've had so much. Success online amazon. Has that that really helped. Take down the the big box stores and other getting to a space that has largely suffered for many years department. Stores used to be places that people regularly went to to find everything from toasters to close kitchen items. And i really fell off in the past decade or so is more people. Shopped online and weekly jobless claims continue falling to new pandemic lows it's evidenced the labor market is still recovering despite the threat of the delta variant. The labor department says new applications for unemployment benefits fell by twenty nine thousand last week to a seasonally adjusted three hundred forty eight thousand that marks four straight weeks of declines and is the lowest level since march of twenty twenty coming up will a pressure campaign to freeze international aid to the taliban. Keep the militant group in check. I'm alex your host of the back from there. It's been an extraordinary.

afghanistan taliban facebook federal trade commission charleena vladimir putin us putin amazon Sebastian herrera kabul macy ohio california labor department
FTC Hits Facebook

Marketplace Minute

00:18 sec | 1 year ago

FTC Hits Facebook

"Federal trade commission has revised and expanded. Its antitrust complaint against facebook. A federal judge dismissed earlier suit in june saying it lacked substantiation. The ftc argues facebook's acquisitions of instagram and whatsapp allow the company to monopolize social networking

FTC Facebook Whatsapp Instagram
FTC Files Renewed Antitrust Complaint Against Facebook

AP News Radio

00:38 sec | 1 year ago

FTC Files Renewed Antitrust Complaint Against Facebook

"The government is sharpening its antitrust attack on Facebook federal regulators are taking another shot at Facebook alleging the social media giant has abused its market power to suppress competition a federal judge two months ago dismissed anti trust suits from the Federal Trade Commission and the several states saying they did not give enough evidence that Facebook is a monopoly the FTC has now filed a revised version of its complaint even as Facebook Google Amazon and apple face multiplying efforts to rein in their power from the justice department down to state legislatures Sager mag ani Washington

Facebook FTC Government Amazon Google Apple Justice Department Sager Mag Ani Washington
Senators Want FTC Enforcement on Autopilot

Tesla Daily: Tesla News & Analysis

01:43 min | 1 year ago

Senators Want FTC Enforcement on Autopilot

"Aren't so pretty. Nice day for tesla stock today shaking off some of the red from earlier this week. Finishing up three and a half percent to six hundred eighty dollars ninety nine cents comparatively. The nasdaq was down nine. Tenths of a percent most of that drop happening in the last hour. Two hours of trading after the fed minutes came out so the minutes from the federal reserve's meeting today indicating that they are considering tapering off their monthly asset purchases sometime in the near term but obviously those things can and often do change so the market reacting to that towards the end of trading and tesla got pulled down a bit as well so pretty strong day for automakers just across the board today so we ejected on this yesterday but will check in again today probably for the last time this week but weekday performance so far tussles down about four percent a little bit less than four percent so far and actually now doing about a half a percent to full percentage point better than gm. Ford's atlanta's volkswagen and neo so despite all the coverage of the knits investigation. If you'd just slept through the first few days of the week which is actually not a bad strategy for an investor and you just looked at automaker performances we to date. You'd have no idea that there was investigation on tesla. And you'd probably say oh tesla's having a pretty good week relative to others so markets down today tesla up and that was despite reports that two. Us senators are currently urging the federal trade commission to open a probe into whether or not tesla used deceptive marketing practices involving drivers systems features which tesla of course calls autopilots and full. Self-driving that is per the wall street journal. They write quote in a letter to the head of the fdic. We con dated wednesday senators. Richard blumenthal of connecticut and ed markey of massachusetts said they have serious concerns about how tesla advertises. Its advanced driver assistance features. Which don't enable vehicles to operate autonomously. They took aim chief executive elon. Musk for some of his comments and quote.

Tesla FED Volkswagen GM Atlanta Ford Federal Trade Commission Richard Blumenthal Wall Street Journal Ed Markey Fdic United States Connecticut Massachusetts Elon Musk
Facebook Seeks FTC Chair Lina Khan’s Recusal in Antitrust Case

WSJ Tech News Briefing

00:33 sec | 1 year ago

Facebook Seeks FTC Chair Lina Khan’s Recusal in Antitrust Case

"Is seeking to have lena con chair of the federal trade commission recused from the agency's discussions over whether to file a new antitrust case against the company. Facebook says con can't be impartial because of her long history of criticizing the social media giant and other big tech firms. The move comes. Just two weeks. After amazon filed a similar petition seeking cons. Recused from the ftc's antitrust investigation against it and ftc. Spokeswoman declined to comment previously. Kahn had said she would consult with ftc ethics officials. If issues like this came

Lena Con FTC Facebook Amazon Kahn
"federal trade commission" Discussed on Pod Save America

Pod Save America

01:42 min | 1 year ago

"federal trade commission" Discussed on Pod Save America

"Up their voices to call out wrongdoing. That continues to happen. This happens there are plenty of things that are going to destroy your be and are not going to be antitrust violations. I don't think that's fair to say. I think that's really. That's really uncalled for. Some of my best friends are airlines. Yes like people should continue to raise the wishes of how expensive of their cheated. They need to keep you know whether it's through twitter or calling the competition reporting it to their ag or federal trade commission. That's what it needs to have to compete or consumers but no amount consumer copetition or consumer complaining. I should say no amount of consumer complaining and address address an antitrust violation because our inherent in the term antitrust violation. Isn't there's not enough competition for the consumers to shop with your pocket box that needs to go find a company that treats them better. Most people read were on houses. Have one choice of an internet provider. So your choice is get ripped off or don't have wifi so you can complain. All you want tides. You know cox some Other wrong spectrum. You expect it wherever you want to go out with them yet. None of them are good. You are you're not able to choose with your your jamaica. Humor twice to pick a different company. That's one of the things that this executive order will do is make clear that they can't lock we awards into only allowing one internet service provider service. Billy's nothing to create choices for consumers slam.

federal trade commission twitter jamaica Billy
"federal trade commission" Discussed on KQED Radio

KQED Radio

03:11 min | 1 year ago

"federal trade commission" Discussed on KQED Radio

"This is weekend edition from NPR News. I'm Scott Simon. President Biden believes big business just has too much power in the US and that harms Americans. Lack of competition cost the median American household $5000 a year, and this week he signed a broad executive order. Tries to promote competition. NPR's Andrea Hsu has been studying that order. One part in particular could affect tens of millions of workers and joins us now, Andrea, Thanks for being with us. Thanks, Scott. President wants to make the US more competitive, which would seem to be, uh Non controversial goal. What's the broader thinking? Yeah. At the signing yesterday, Biden said Fair competition has made America the wealthiest, most innovative country in history. But he said, there are a lot of things standing in the way of competition that he wants federal agencies to deal with, namely big companies with a lot of power. So, for example, you talked about prescription drugs. He pointed out that Americans pay more than double what people in other countries pay for their medicine. So he's asking the FDA to work with states and tribes to import drugs from Canada. He also talked about hearing AIDS. He wants them to be sold over the counter, so they cost hundreds of dollars instead of thousands of dollars. He talked about Internet service seed for farmers, airline fees, and there's a lot more. He argues that increasing competition lower prices for consumers but says that somehow that will also raise wages. So what's the logic going there? That's right, so he's asking the Federal Trade Commission another agency to ban or limit non compete agreements. These are the agreements that a lot of people end up signing when they're hired, saying If I leave this job, I won't go work for a rival company or start one myself. So, Scott, you know these are common in tech and science, but it turns out they're also widely used in a lot of blue collar jobs. And they prevent employees from going to work for a competitor. Biden gave the example of workers who operate machines that lay asphalt. You know, you're in Arkansas doing it. Lot of specific examples. You can't take a job in West Texas to do it. What in the hell does that have to do it? Anything? No, I'm serious. He says. All these agreements do is make it harder for workers to leave one job for a better paying job elsewhere, and the White House says about half of private sector employers use these kind of agreements. Can you do that? A federal ban on non compete agreements? Well, it's unclear. It's certainly not going to be a media and it may not be a total ban. I talked with Russell Beck. He's this attorney in Boston who tracks state laws on non competes. He thinks the Federal Trade Commission is likely to do something narrower. Maybe something focus on low wage workers, but he doesn't think they'll ban non competes in all workplaces. Would be very surprised if the FTC went so far as to ban non competes for people who really do have trade secret information of a confidential information that needs to be protected. But Beck says it's also in question whether the FTC has the authority to enact such a ban. Regulation of non compete agreements has until now been left to the states. Three states already banned them. California being the biggest and close to a dozen states banned them for low wage workers..

Russell Beck Scott Simon Andrea Federal Trade Commission Scott Andrea Hsu Biden Arkansas NPR West Texas Boston White House Beck Canada yesterday Three states NPR News FDA FTC hundreds of dollars
Biden’s Executive Order Targets Big Business and Competition

Innovation Hub

00:49 sec | 1 year ago

Biden’s Executive Order Targets Big Business and Competition

"Executive order, he says, is aimed at increasing competition and pushing back against growing trends of consolidation and big business. NPR's Scott Detroit has more Biden's order is broad. It includes 72 different action items ranging from making hearing AIDS more accessible to increase in competition for Internet access services. The order also takes aim at the rise of non compete agreements, which can bar employees from taking jobs with similar companies. But it argues there being over used and exploited in an effort to keep wages down. Workers should be free to take a better job of someone officer. Your employer wants to keep you He or she should have to make it worth your while to stay. Biden is ordering the Federal Trade Commission to ban or limit the agreements. Scott Detroit NPR

Scott Detroit Biden NPR Aids Federal Trade Commission
FTC Holds Open Commission Meeting

Daily Tech Headlines

00:35 sec | 1 year ago

FTC Holds Open Commission Meeting

"The federal trade commission held. Its first open meeting in over twenty years voting to rescind a twenty fifteen decision to limit. Its power over. Unfair methods of competition too explicit violations of existing antitrust law which would allow the ftc to file lawsuits against misconduct. That might not violate classical. Antitrust law the ftc also voted to let individual commissions launched staff investigations into specific industries and to simplify the rulemaking process for prohibiting unfair or deceptive acts or practices ftc. Charleena con plans to hold monthly public meetings. In the future

FTC Charleena
What Does Monopoly Mean in the Internet Age?

Reset

02:10 min | 1 year ago

What Does Monopoly Mean in the Internet Age?

"Lawmakers have had it out for facebook for a while last year a house judiciary subcommittee report accused the tech giant of anticompetitive behaviour and in december. Facebook got suit on monday. Those lawsuits were dismissed. It's a big win. For the social media company it also signals a rocky path forward for legislators both sides of the aisle trying to rein in big tech here to break down. the latest development is recode serene ghaffari high serene. Hey adam so let's start with the lawsuits. What were they about yes. The lawsuits basically accused facebook of acting as a monopoly to crush. Its competition two different lawsuits. One was filed by the federal trade commission or the ftc which is the top government agency for enforcing antitrust laws. And then there was a parallel lawsuit also filed by forty eight attorneys general from different states and territories in the us and they both essentially said the same thing that facebook's allegedly monopolistic practices leave consumers with less choices for which social networking apps. They wanna use and advertisers have less choices for aware. They want actually advertise reach. People lawsuits also said that. Facebook engage in a quote systemic strategy to eliminate their competition and that this was something really tactical that facebook was actively doing crush its competitors. What exactly did that strategy look like so. The lawsuit said that when facebook bought instagram. Back in two thousand twelve and remember at that time. Instagram was a startup. it was considered an up and coming rival to facebook They said that that was an example of something that facebook shouldn't have been allowed to do because in regulators view this was essentially facebook trying to stifle competition by eating it up and buying it rather than letting market competitor truly compete and they also point to win. Facebook bought the messaging app called whatsapp in two thousand fourteen. Again this up and coming service. That was rivaling. facebook and facebook went ahead and bought it today. More people are on. What's app than they are on facebook's own messenger product but that doesn't matter for facebook because it's all part of the facebook ecosystem now

Facebook House Judiciary Subcommittee Ghaffari FTC Adam Instagram United States
Amazon Asks F.T.C. Chair, Lina Khan, to Recuse Herself

Red Eye Radio

00:16 sec | 1 year ago

Amazon Asks F.T.C. Chair, Lina Khan, to Recuse Herself

"Amazon is asking the Federal Trade Commission chair to recuse herself from antitrust investigations into the e commerce giant Lina Khan has been an outspoken critic of Amazon, which is facing probes of its business practices and proposed acquisition of movie studio

Lina Khan Amazon Federal Trade Commission
"federal trade commission" Discussed on WSJ Tech News Briefing

WSJ Tech News Briefing

01:42 min | 1 year ago

"federal trade commission" Discussed on WSJ Tech News Briefing

"Yesterday the senate confirmed lena con to a seat on the federal trade commission. The thirty two year old columbia university professor has been a vocal critic of big tech companies and. She's advocated for sweeping changes to antitrust enforcement with her confirmation secured. President biden is designating her as ftc. Chair the post will allow her to pursue an aggressive antitrust and consumer protection agenda so for more on khan and how she could shape the ftc. Enjoy our legal affairs. Reporter brent kendall. Hey thanks for being here. Thanks for having me okay. So tell us about khan's background here. Where does she come from so she has been on the fast lane star track of the progressive movement in terms of antitrust which she was a reporter wrote pieces for different publications went to law school and wrote this law review article about amazon. The thesis which was that antitrust law just doesn't really work to restrain companies like amazon. And how they've built their business and so she kind of skyrocketed from there she's been a legal adviser for progressive group. That is advocated for a wholesale change in antitrust enforcement. She went and worked on the hill for this house antitrust subcommittee that did this big investigation of tech firms and was a big piece of that and this report the democratic staffer at the end of this investigation making all sorts of recommendations that that congress rain tech company and so this all comes at a time. You know we're sees risen up these ranks and then got this nomination for the ftc from president biden. Which will now put her in theory at least in a position to try to put some of her views into

amazon Brent kendall james rendel twelve billion dollars Pws joshua bach north america hundred thousand people federal trade commission last year khan billions of dollars president biden america both movies President biden twenty twenty six four accounting firms ftc
"federal trade commission" Discussed on WSJ Tech News Briefing

WSJ Tech News Briefing

02:39 min | 1 year ago

"federal trade commission" Discussed on WSJ Tech News Briefing

"She's been a vocal critic of big tech companies and said companies like amazon. Might need to be broken up and khan was just confirmed as a commissioner at the federal trade commission and president biden is tapping her as ftc. Chair until you show our legal affairs reporter. Brent kendall will join us to explain how she could shape. The ftc going forward and what that could mean for tech companies. That's after these headlines. In recent years the big four accounting firms have invested billions of dollars in cloud based and other technologies. The latest pricewaterhouse coopers says plans to spend twelve billion dollars and higher hundred thousand people in areas like artificial intelligence and cybersecurity by twenty twenty six. Pws's us chairman says. The investments are aimed at better advising companies that are facing scrutiny on issues like privacy diversity and sustainability and video game studios are being targeted by hackers in recent months. We've seen hackers steal data as well as the source code for popular games and the libraries of code and game engines used to create them and rather than demanding payment in exchange for not publishing the source code. Hackers have instead threatened to auction it on the dark net our reporter james rendel says the trend highlights a challenge unique to the video game industry so perhaps from other sectors that we've seen in the news searches over gasol. The medical sector businesses pretty predicated on data coming in and ask the students the pow the games which makes it difficult to really track monitor that use using off the shelf tools. A lot of this stuff is bespoke. In addition the very nature of the most prized assets such as the source code such as the game engines are digital in nature. Which means that it's does get in. They can easily transfer outs. And then you have. The vast amounts of money that currently surrounds the video game industry as a whole last year. It's actually managed to produce revenue those greater than both movies and sports. In north america combined are coming up after the break. President biden is tapping a prominent critic of big tech to lead the ftc. So what could that mean for the tech giant extra. Don't miss the limited episode podcast series sustainably speaking featuring trail-blazing leaders discussing how to improve sustainability and address climate change through innovation. Join joshua bach from america's plastic meakers for these final discussions with policymakers academics and industry pioneers about partnerships and policies that support advancements to meet this.

amazon Brent kendall james rendel twelve billion dollars Pws joshua bach north america hundred thousand people federal trade commission last year khan billions of dollars president biden america both movies President biden twenty twenty six four accounting firms ftc
"federal trade commission" Discussed on The Innovative Leader

The Innovative Leader

03:34 min | 2 years ago

"federal trade commission" Discussed on The Innovative Leader

"Came across my regard last week in. Don't haven't fleshed out yet so the federal trade commission is is suing debris facebook. If you've seen that. I didn't say that but i i know there's a lot of conversation about that. I think it's interesting how there's like this. I mean i agree. I don't really support any monopolies per se but a kind of fascinates me how there is this like on facebook but there's a lot of amazon continues to get traction which i feel like amazon is interesting because amazon has really the reason why they exploded is because how they allowed people to sell online so they became a vessel for the independence rather than like. Oh everything is amazon. They're a vessel for the independence which is good but yet amazon is really blowing up like amazon health amazon. Like where. they're reaching into his crazy. So people aren't really like on amazon but yet amazon is really a little bit anytime soon. Becomes too powerful. You're like oh hold on. Where's the balance so to me. People are targeting facebook because somehow there too powerful of an influence her and it's not balanced in the influence but isn't amazon kind of in the same bucket. I'm not bashing amazon. I use both facebook and amazon. I'm just wondering now. You know but so amazon so the federal trade commission is is trying to break a facebook in one of the things. I think we're going to go go at our vendors. Be mentioned his To divest instagram in also divest. What's app. I think they're they may actually even go after the advertising arm. If you've seen the movie or the documentary the social dilemma. One of the things that That amazon amazon that all the social media companies are doing in their advertising is. They're they're playing ads specifically in an schilling content specifically to keep people on the page or on on social media site and so when they do that they can sell more ads. they can sell more targeted ads. they make more money. That can still more information. This person spit thirty seconds. Looking at this ad That was related to this video ending. They can target the information to you. I think that's one of the things that facebook's it this press writing People find frustrating about facebook is they will continue to show you what you have already spent time looking at you. There may be If you're right wing kind of person you may only see right. We information won't see the side And so so. They're intentionally doing everything that can keep you on the site. That's the goal a lot. Thank you might see that anything that happens out. There were two years down the road for any of that to happen because monopoly cases take forever to execute. But you could see you could see the the the Social media beginning to to window..

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