Two Democratic appointees to the Federal Trade Commission were raising the alarm Thursday: A group controlled by the world’s richest man might be accessing a trove of confidential business records — including those of his competitors.
The high cost of everything might have been a major issue in last year’s presidential campaign. But when Andrew N. Ferguson took the helm last week at the Federal Trade Commission, his first act wasn’t to announce new ways to crack down on corporate practices thought to be unfairly driving up consumer prices for everything from food to housing to medicine to entertainment.
The Federal Trade Commission recently brought action against the three largest prescription drug benefit managers (PBMs) — Caremark Rx, Express Scripts (ESI) and OptumRx — and their affiliated group purchasing organizations (GPOs) for allegedly engaging in anticompetitive and unfair rebating practices that have artificially inflated the list price of insulin drugs, impaired patients’ access to lower list price products and shifted the cost of high insulin list prices to vulnerable patients.
On Tuesday, the Federal Trade Commission issued a final rule to promote competition by banning noncompetes nationwide, protecting the fundamental freedom of workers to change jobs, increasing innovation and fostering new business formation.
The Federal Trade Commission is sending claim forms to consumers who may have been misled by allegedly deceptive bait-and-switch advertising by Ohio-based LCA-Vision, doing business as LasikPlus and Joffe MediCenter (LasikPlus), the nation’s largest LASIK surgery chain.
The Federal Trade Commission Monday sued to block the largest proposed supermarket merger in U.S. history — Kroger Company’s $24.6 billion acquisition of the Albertsons Companies, Inc. — alleging that the deal is anticompetitive.
The Federal Trade Commission recently released the National Do Not Call Registry Data Book for Fiscal Year 2023, which shows that consumer complaints about robocalls and unwanted live telemarketing calls have decreased to a five-year low.
The Federal Trade Commission and 17 state attorneys general Tuesday sued Amazon.com, Inc. alleging that the online retail and technology company is a monopolist that uses a set of interlocking anticompetitive and unfair strategies to illegally maintain its monopoly power.
