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federal trade

FTC Shake-Up: A Power Move by the White House

March 19, 2025

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

business

The Insulin War: How Middlemen Hijacked Diabetes Care

September 21, 2024

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

business

Twisting the Reins: How Pharmacy Benefit Managers Stiffed Patients on Insulin Prices

September 20, 2024

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 la

finance

Bitcoin ATM Scams: The Unseen Threat to Older Adults

September 16, 2024

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, ol

lifestyle

College Tuition Scam Alert: Don't Fall for the Fake Calls!

September 16, 2024

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 representat

business

Will Kroger's Deal with Albertsons Survive the FTC's Scrutiny?

September 15, 2024

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 o

business

Global Markets Stir as U.S. Debate and Economic Data Shape the Future

September 11, 2024

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