FTC

The Federal Trade Commission on Wednesday finalized a major settlement with Cigna Group’s (NYSE:CI) pharmacy benefit manager Express Scripts, aimed at dismantling anticompetitive practices that have historically inflated the cost of medications. • Cigna Group shares are climbing with...

The Robotic vacuum company iRobot Corporation (NASDAQ:IRBT), best known for the Roomba, filed for Chapter 11 bankruptcy on Sunday. Now, a subsequent deal to sell the company to its China-based supplier, Shenzhen Picea Robotics, is causing a stir online with consumers directing their ire at a member...

In the wake of recent Federal Trade Commission (FTC) scrutiny, an internal document from Meta Platforms Inc. (NASDAQ: META) has surfaced, shedding light on the social media giant’s strategy for managing child exploitation through its AI chatbot. The document provides an in-depth...

Amazon.com, Inc. (NASDAQ: AMZN) has agreed to a $2.5 billion settlement over accusations that it misled millions into joining its Prime subscription and then made canceling difficult. AMZN stock is moving. See all the details here. The deal, announced on Thursday, stemmed from a 2023 Federal...

The Federal Trade Commission (FTC) has initiated its legal battle against Amazon.com Inc. (NASDAQ:AMZN) over the company’s Prime subscription cancellation practices. FTC Trial Targets Amazon Over Prime ‘Dark Pattern’ Practices The FTC trial against Amazon began on Monday...

The Federal Trade Commission sued Key Investment Group, a Baltimore-based ticket broker, alleging it evaded purchase caps to buy up thousands of seats to in-demand shows, including Taylor Swift's Eras Tour and flipped them for profit. FTC Acts Against Ticket Broker For Flouting Purchase Limits...

The Federal Trade Commission (FTC) on Wednesday moved to block medical device supplier Edwards Lifesciences Corp.'s (NYSE:EW) proposed acquisition of JenaValve Technology, Inc. What Happened: "Edwards' attempt to buy the U.S. market for TAVR-AR devices would eliminate the head-to-head competition...

Updated with a comment from the White House. The family of President Donald Trump announced Trump Mobile in June with plans for mobile phones made in America and a low-cost monthly plan. While some of those initial plans have fallen apart, Democratic members of Congress are questioning how the...

Meta Platforms Inc. (NASDAQ:META) urged a federal judge to dismiss the significant antitrust case filed by the Federal Trade Commission (FTC) during an ongoing trial that could potentially lead to the breakup of the tech behemoth. What Happened: Meta has requested the court to dismiss the FTC...

Editor’s Note: The story has been updated with Amazon’s statement. The Federal Trade Commission has accused Amazon.com Inc. (NASDAQ:AMZN) of concealing key evidence in the antitrust case that claims the retail giant abused its market power. As per a new court filing, the FTC says Amazon...

The antitrust trial from the Federal Trade Commission against Meta Platforms (NASDAQ:META) has centered on the company's acquisitions of Instagram and WhatsApp. The FTC is accusing META of using its power to acquire smaller companies through a "buy or bury" strategy. The trial has revealed that...

On Thursday, Instagram CEO Adam Mosseri's testimony revealed how TikTok's explosive rise forced the Meta Platforms, Inc. (NASDAQ:META)-owned app into a fight for survival. What Happened: Mosseri testified in the Federal Trade Commission's antitrust case against Meta, where the U.S. government...

An antitrust trial against Meta Platforms (NASDAQ:META) has put the company's segments, such as Instagram and WhatsApp, into the spotlight, as the company could be forced to divest these units. A Benzinga reader poll shows a potential break-up could be a value unlock for Meta Platforms as they...

On Wednesday, in the ongoing antitrust trial against Meta Platforms, Inc. (NASDAQ:META), former COO Sheryl Sandberg testified about the company's efforts to block advertisements from potential competitors like Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Plus, KakaoTalk, and LINE. What...

The Federal Trade Commission (FTC) has launched a wide-ranging public inquiry into federal regulations that could be stifling competition. The initiative comes after an executive order from President Donald Trump issued earlier this month, directing federal agencies to identify and eradicate rules...