Tag Archives: FTC

THE FCC GRACIOUSLY LETS INTERNET PROVIDERS SELL YOUR DATA

LAST OCTOBER THE agency passed a set of rules that would have required internet providers to take steps to protect your private data from hackers, notify you if someone hacked your data, and require your explicit permission before selling your data. Today the FCC suspended the data security rules from that package before they took effect1.

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FEDERAL TRADE COMMISSION APPROVES MERGER BETWEEN TESLA, SOLARCITY

The Federal Trade Commission (FTC) has cleared Tesla to buy SolarCity, the solar energy provider that Tesla CEO Elon Musk helped found. The government’s blessing paves the way for the merger plan Tesla announced at the beginning of the month, a deal said to be worth $2.6 billion.

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With A $1.2 Billion Hammer, The FTC Closes Loophole To Prevent Generic Drugs

This morning, the U.S. Federal Trade Commission drew blood: Teva Pharmaceuticals will pay $1.2 billion to reimburse insurers, drug wholesalers, and pharmacies who paid full price for the Provigil, produced by Cephalon, a company Teva bought in 2011, because Cephalon had paid generic drugmakers to delay launching cheaper versions of the blockbuster drug.

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