FTCWatch
Current Issue: 960

Pressure’s on as FTC negotiates Facebook penalty

Something strange happened after Facebook disclosed the Federal Trade Commission might hit it with an eye-popping fine as high as $5 billion for violating a privacy order — the largest civil penalty in the agency’s history.

 
 

More presidential hopefuls weigh in on antitrust issues

Come on in. The antitrust water is fine.

 
 

In LabMD aftermath, FTC retools data security orders

After an appeals court ruled the Federal Trade Commission’s order telling a medical testing company to fix its weak data security was unenforceable — finding it too vague — practitioners have wondered how the agency would modify its approach.

 
 

Lawmakers clash over newspaper antitrust exemption

Two House members with the most clout on antitrust matters favor an exemption for the newspaper industry, but hold their positions for different reasons.

 
 

An Rx for stronger antitrust enforcement? New book explores options

The doctors — or in this case, the legal scholars — thought they knew what ailed the patient. In the late 1970s, “the patient” was the sluggish US economy, and Robert Bork and Richard Posner believed they knew the proper medicine to administer to a patient being harmed by overly active enforcement of the antitrust laws: deregulation.

 
 

End Standard Oil consent decree, DOJ says

Theodore Roosevelt and William Howard Taft are either frowning in their graves or realizing their efforts succeeded.

 
 

Neil Averitt commentary: Video games, loot boxes and the lure of virtual gambling

Black helicopters and sewer monsters are on the agenda at the Federal Trade Commission.

 
 

Medicare insurance card scam on FTC hit list

As soon as Medicare officials started taking Social Security numbers off beneficiary cards as a privacy protection measure and replacing them with random identifier numbers, scammers devised new fraud schemes around the change, the Federal Trade Commission said.

 
 

DOJ-FTC split on Qualcomm exposes interagency rift

Siblings often squabble. The two US antitrust authorities, the Department of Justice and the Federal Trade Commission, usually do it behind closed doors. But this week, a dispute broke out in full view with the DOJ filing a statement in the FTC’s ongoing case against Qualcomm.

 
 

Facebook, Comcast reps say broadcast, cable, digital compete for advertising

Broadcasters, cable companies and digital platforms are competing for advertising dollars in a dynamic market, executives from Facebook and Comcast as well as several broadcasting representatives said at a Department of Justice workshop.

 
 

House Judiciary panel approves bills to boost drug competition

The House Judiciary Committee approved several bills that would place more restrictions on branded drugmakers that try to limit competition from generic drug companies. The full House could take up the bills before Memorial Day, MLex has learned.

 
 

People

Pozen departs GE to join Clifford Chance 

 
 

Calendar

May 29 — Fiona Scott Morton, a former deputy assistant attorney general for antitrust, will speak at a “Research on Tap” series. Jonathan Baker, a former Federal Trade Commission Bureau of Economics director, will also address attendees. Sponsored by the Washington Center for Equitable Growth, the conversation begins at 6 p.m.  For more information, go to: https://equitablegrowth.org/event/research-on-tap-new-frontiers-in-antitrust-pathways-to-a-competitive-economy/.

 
 

FTC Briefs

 

Surescripts charged with monopolization

 

DOJ Briefs

 

In bilateral talks in Japan and Korea, US antitrust officials urge more cooperation