[ad_1] The Women’s Cancer Fund raised $18.3 million by vowing to help patients, telling donors that their money would help pay the living expenses of women going through treatment for the disease. But a new lawsuit from the FTC and 10 states allege that the bulk of the money instead went to pay the charity’s…
[ad_1] Photoshop maker Adobe said on Wednesday it was facing regulatory scrutiny over its subscription models and forecast annual and quarterly revenue below estimates, sending its shares down more than 5 per cent in after-hours trading. The San Jose, California-based company said in a regulatory filing that since June 2022 it has been cooperating with the…
[ad_1] Federal Trade Commission Chair Lina Khan testifies before a House Judiciary Committee hearing on Oversight of the Federal Trade Commission, on Capitol Hill in Washington, D.C., July 13, 2023. Kevin Wurm | Reuters The Federal Trade Commission on Thursday sued the largest anesthesiology provider in Texas, claiming the company has wielded monopoly power to…
[ad_1] Robert Galbraith | Reuters The Federal Trade Commission last week allowed Amgen to move forward with its $27.8 billion acquisition of Horizon Therapeutics under a settlement agreement – a move that could have ramifications for a string of other pharmaceutical industry buyouts. Some Wall Street analysts said the FTC’s decision to settle allows the…
[ad_1] The Amgen logo is displayed outside Amgen headquarters on May 17, 2023 in Thousand Oaks, California. Mario Tama | Getty Images The Federal Trade Commission on Friday said it has reached a deal with drug giant Amgen to allow the company’s $27.8 billion purchase of Horizon Therapeutics to move forward. The two companies now…
[ad_1] Rafael Henrique | Lightrocket | Getty Images European Union regulators on Wednesday fined Illumina a record 432 million euros ($476 million) for closing its acquisition of cancer test developer Grail without first securing regulatory approval. The fine from the European Commission, the EU’s executive body, amounts to 10% of San Diego-based Illumina‘s turnover. That…
[ad_1] Last Updated: June 30, 2023, 02:59 IST Washington D.C., United States of America (USA) Every industry is witnessing rapid adoption of generative AI models to help them in their business decisions. All these developments begs a question as to what AI can do for a common man. The FTA post identified the inputs as…
[ad_1] Amazon was sued Wednesday by Federal Trade Commission for what it called a yearslong effort to enroll consumers without consent into its Prime program and making it difficult for them to cancel their subscriptions. In a complaint filed in the U.S. District Court for the Western District of Washington, the agency accused Amazon of…
[ad_1] Published By: Shaurya Sharma Last Updated: May 27, 2023, 10:13 IST London, United Kingdom (UK) Microsoft is facing a tough time in Britain. (Reuters) Microsoft is challenging Britain’s decision to block its $69 billion takeover of “Call of Duty” maker Activision Blizzard on the grounds of “fundamental errors” in the assessment of Microsoft’s cloud…
[ad_1] Robert Galbraith | Reuters Horizon Therapeutics expects its $27.8 billion sale to Amgen to close as early as the end of the third quarter, earlier than previously planned — if the Federal Trade Commission’s attempt to block the deal fails — according to a document filed Thursday with the Securities and Exchange Commission. The…
