The White House made a bold move on Tuesday. It decided to remove two members of the Federal Trade Commission. These two, Rebecca Kelly Slaughter and Alvaro Bedoya, are both Democrats. The FTC is a key player in keeping an eye on businesses. It makes sure they follow the rules and do not abuse their power. The president's party usually has three seats on the commissi...
In the United States, around 8 million individuals rely on insulin to manage their diabetes. However, the cost of insulin has skyrocketed over the past decade, leaving many patients unable to afford the life-saving medication. The Federal Trade Commission (FTC) has taken a bold step to address this issue by suing three pharmacy benefit managers (PBMs) for allegedly i...
The American healthcare system has long been plagued by issues of affordability, but a recent Federal Trade Commission (FTC) lawsuit has brought attention to a particularly egregious example: pharmacy benefit managers (PBMs) allegedly inflating insulin prices at the expense of patients. The three largest PBMs - CVS Health's Caremark Rx, Cigna's Express Scripts, and U...
In recent years, scammers have been exploiting the rise of Bitcoin ATMs to dupe unsuspecting victims out of their hard-earned cash. According to the Federal Trade Commission (FTC), the amount of money lost to these scams has skyrocketed, with over $110 million reported in 2023 alone. What's more, older adults are disproportionately affected, making up over 30% of the...
As the fall semester approaches, colleges and universities are in full swing, and for students and their parents, it can be a chaotic time. However, amidst the excitement of new beginnings, scammers are lurking, preying on unsuspecting families. The scammers' modus operandi is to pose as representatives from the financial aid office or billing department, claiming th...
The United States Federal Trade Commission (FTC) is preparing to weigh in on Kroger's proposed $24.6 billion takeover of Albertsons, which has sent the supermarket chain's stock on a rollercoaster ride. The deal has significant implications for investors and the grocery industry. The FTC's review of the deal is expected to be thorough and may take several months to ...
As the world holds its breath for the U.S. presidential debate, Asian markets are reeling from key economic data. In South Korea, unemployment plummeted to a historic low of 2.4%, a feat not seen since 1999. But in Japan, business confidence among manufacturers took a seven-month hit, according to the Reuters Tankan survey. What does this mean for the global ec...