Newsweek sought email comment from the FTC and its outgoing chairwoman, Lina Khan, on Friday. The flurry of lawsuits before the change to a GOP administration underscore the tension within the FTC between pro-regulation Democrats and anti-regulation Republicans.
Chair Lina Khan said Tuesday that she hopes her successor in the incoming Trump administration will not cut a “sweetheart” deal with Amazon (AMZN) and Facebook’s parent company Meta (META), as the agency continues its antitrust cases against the tech giants.
The Democratic enforcer significantly expanded the agency’s remit; now the new GOP administration will decide how to follow through.
United States President-elect Donald Trump will soon take office, and while much attention has been paid to his stances on immigration, abortion rights and democracy, less has been paid to how he may threaten internet freedoms.
Agency commissioners voted unanimously on Tuesday to publish the report, which makes similar allegations against the controversial drug middlemen as the agency’s first report released last summer — but relies on more data.
Lina Khan, who was tapped by President Joe Biden to lead the FTC, is set to be replaced by President-elect Donald Trump’s pick Andrew Ferguson.
Melania Trump said she will be bringing back her 'Be Best' campaign during her second stint as first lady after Donald Trump assumes office
It takes effect Tuesday but its fate is already in doubt. The new FTC rule faces legal challenges and possible opposition from Trump administration.
Antitrust regulators have reached a deal with Welsh, Carson, Anderson and Stowe that doesn’t penalize the private equity firm for rolling up the market for anesthesia services in Texas, but tries to prevent it from happening again.
The outgoing chair of the Federal Trade Commission believes Meta and other companies are hoping that favors for the president-elect will grant them leniency.
All three have acted in ways beneficial to Trump — and are likely to financially benefit from Trump’s presidency.
At the same time, business leaders recognize that there are certain issues on which CEOs will need to educate Trump. He has demonstrated that he genuinely listens to the business community when they come to him in good faith, and that he can change his mind as long as he does not feel trapped, coerced, or humiliated.