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Top related persons:
Scott Sheffield - 2 Lina Khan - 2 — CNBC's Pippa Stevens - 2 Mary Catherine Wellons - 2 Doug Farrar - 1 Exxon - 1 Sheffield - 1 Sheffield's - 1
Top related locs:
U.S Rayburn
Top related orgs:
CNBC - 4 Federal Trade Commission - 3 FTC - 3 Natural Resources - 2 Exxon Mobil - 2 Pioneer - 2 Exxon - 2 Sheffield - 2

Search resuls for: "Mary Catherine Wellons"


9 mentions found


☆ FTC accuses ex-Pioneer CEO of colluding with OPEC, blocks him from Exxon board seat
  + stars: | 2024-05-02 | by ( Spencer Kimball | ) www.cnbc.com   time to read: +2 min
The FTC filed a complaint alleging that Scott Sheffield attempted to collude with representatives of OPEC to reduce oil and gas output to increase prices at the pump and inflate Pioneer's profits. "The FTC has a responsibility to refer potentially criminal behavior and takes that obligation very seriously," spokesman Doug Farrar told CNBC. In response, Exxon agreed to keep Sheffield off its board, the oil major said in a statement Thursday. The FTC alleged that Sheffield repeatedly held private conversations with high-ranking OPEC representatives to assure them that Pioneer and its competitors in the Permian Basin were working to keep oil output artificially low. "Notwithstanding, Pioneer and Mr. Sheffield are not taking any steps to prevent the merger from closing," the company said in the statement.
Persons: Scott Sheffield, Doug Farrar, Exxon, Sheffield, Sheffield's, Lina Khan, — CNBC's Pippa Stevens, Mary Catherine Wellons, Lina Khan's Organizations: Federal Trade Commission, Natural Resources, OPEC, Exxon Mobil, Pioneer, FTC, Justice Department, Wall Street, CNBC, Exxon, Sheffield
☆ Exxon Mobil reaches agreement with FTC, poised to close $60 billion Pioneer deal
  + stars: | 2024-05-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +1 min
The Federal Trade Commission will wave through Exxon Mobil 's roughly $60 billion acquisition of Pioneer Natural Resources after reaching an agreement with the energy giant, a source familiar with the matter told CNBC. The FTC will not block the deal now that the regulator and Exxon have reached a consent agreement, the source said. The agreement will bar Pioneer's former CEO Scott Sheffield from joining the Exxon board. Exxon first announced the deal for Pioneer in October, in an all-stock transaction valued at $59.5 billion. Shares of Exxon and Pioneer were both little changed in extended trading Wednesday.
Persons: Scott Sheffield, Darren Woods, — CNBC's Pippa Stevens, Mary Catherine Wellons Organizations: Federal Trade Commission, Exxon Mobil, Natural Resources, CNBC, FTC, Exxon, Sheffield, Bloomberg News, Pioneer
☆ AI lobbying spikes nearly 200% as calls for regulation surge
  + stars: | 2024-02-02 | by ( Hayden Field | ) www.cnbc.com   time to read: +3 min
The spike in AI lobbying comes amid growing calls for AI regulation and the Biden administration's push to begin codifying those rules. Until 2017, the number of organizations that reported AI lobbying stayed in the single digits, per the analysis, but the practice has grown slowly but surely in the years since, exploding in 2023. The data showed a range of industries as new entrants to AI lobbying: Chip companies like AMD and TSMC , venture firms like Andreessen Horowitz, biopharmaceutical companies like AstraZeneca, conglomerates like Disney and AI training data companies like Appen. Organizations that reported lobbying on AI issues last year also typically lobby the government on a range of other issues. In its Request for Information, the Institute specifically asked responders to weigh in on developing responsible AI standards, AI red-teaming, managing the risks of generative AI and helping to reduce the risk of "synthetic content" (i.e., misinformation and deepfakes).
Persons: OpenSecrets, Biden, ByteDance, Andreessen Horowitz, government's, — CNBC's Mary Catherine Wellons, Megan Cassella Organizations: CNBC, Spotify, Samsung, Nvidia, Big Tech, AMD, U.S . Department of Commerce's National Institute of Standards, Technology, NIST Locations: U.S
☆ FTC will try to block Microsoft's acquisition of Activision Blizzard
  + stars: | 2023-06-12 | by ( Lauren Feiner Mary Catherine Wellons Steve Kovach | Lauren Feiner | Mary Catherine Wellons | ) www.cnbc.com   time to read: +1 min
FTC Chairwoman Lina Khan testifies during the House Energy and Commerce Subcommittee on Innovation, Data, and Commerce hearing on the "FY2024 Federal Trade Commission Budget," in Rayburn Building on Tuesday, April 18, 2023. The Federal Trade Commission is set to file for an injunction Monday seeking to block Microsoft's proposed acquisition of Activision Blizzard , a person familiar with the matter told CNBC. By filing for an injunction, the FTC is seeking to stop the transaction from going through before the deal's July 18 deadline. The FTC had already sued to block the $68.7 billion acquisition, choosing to bring the case before its internal administrative law judge. An appeal of the U.K.'s Competition and Markets Authority's decision to block the merger is also scheduled to take place this summer shortly after the acquisition deadline.
Persons: Lina Khan, Brad Smith Organizations: Energy, Federal Trade Commission, Activision Blizzard, CNBC, FTC, Microsoft, Activision, Sony Locations: Rayburn, U.S
☆ New bipartisan Senate TikTok bill will be unveiled Tuesday
  + stars: | 2023-03-06 | by ( Christina Wilkie | ) www.cnbc.com   time to read: +2 min
Pictured here is the TikTok download page on an Apple iPhone on August 7, 2020. WASHINGTON — A highly anticipated bipartisan Senate bill to give the president the authority to respond to threats posed by TikTok and companies like it will be unveiled Tuesday afternoon by Senate Intelligence Committee Chairman Mark Warner, a committee spokeswoman told CNBC. "TikTok is one of the potentials," that could be targeted by the bill, Warner said. Warner's bill comes nearly a week after the House Foreign Affairs Committee advanced a Republican-sponsored bill that aims to do much of the same thing. The House legislation passed the GOP-controlled committee 24-16 along party lines, with unanimous GOP support and no Democratic votes.
☆ Amazon closes deal to buy primary care provider One Medical
  + stars: | 2023-02-22 | by ( Annie Palmer | ) www.cnbc.com   time to read: +3 min
Amazon on Wednesday said it had closed its $3.9 billion deal for primary care provider One Medical. Amazon agreed last July to acquire One Medical to deepen its presence in health care, and "dramatically improve" the experience of getting medical care. The deal gives Amazon access to One Medical's more than 200 brick-and-mortar medical offices in 26 markets, and roughly 815,000 members. In a statement, he said health care is ripe for disruption, citing long appointment times and the complexities of primary care. "Together, we believe we can make the health care experience easier, faster, more personal, and more convenient for everyone."
☆ Candidates backed by FTX’s Sam Bankman-Fried pledge to donate campaign cash
  + stars: | 2022-12-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Phil Mccausland | ) www.nbcnews.com   time to read: +9 min
News of the FTX's fall first prompted questions to lawmakers about Bankman-Fried's political donations. Bill Cassidy of Louisiana and John Boozman of Arkansas said they would donate Bankman-Fried’s campaign contributions, though they did not specify the charities they intended to donate the money to. Bankman-Fried also poured millions into super PACs that support candidates outside of their campaigns, including the Senate Majority PAC, or SMP, a super PAC supporting Democratic Senate candidates. The disclosed sums likely don't capture the full breadth of Bankman-Fried's political spending. "The candidates who received money from dark money organizations don't really have to answer for it," Sherman said.
☆ House lawmakers call Sam Bankman-Fried, other executives, to testify at hearing on FTX collapse
  + stars: | 2022-11-16 | by ( Dawn Kopecki | In Dawnkopecki | ) www.cnbc.com   time to read: +2 min
CEO of FTX Sam Bankman-Fried testifies during a hearing before the House Financial Services Committee at Rayburn House Office Building on Capitol Hill December 8, 2021 in Washington, DC. House lawmakers are calling FTX founder Sam Bankman-Fried and other executives to Capitol Hill to testify about the crypto exchange's collapse at a hearing in December. House Financial Services Committee Chairwoman Maxine Waters, D-Calif., and the ranking Republican Rep. Patrick McHenry, of North Carolina, are holding a rare bipartisan hearing on the matter. They plan to haul up executives from FTX, Alameda Research, Binance and others to testify as well. FTX founder Bankman-Fried admitted last week that he "f---ed up."
☆ Former FTX CEO Sam Bankman-Fried and allies lose influence in Washington as company collapses
  + stars: | 2022-11-14 | by ( Brian Schwartz | ) www.cnbc.com   time to read: +6 min
Former FTX CEO Sam Bankman-Fried and his allies are losing advocates in Washington, as the company hits rock bottom. 2 Senate Democrat told CNBC on Monday that the contribution "will be donated to an appropriate charity." It was announced in February that FTX and FTX US were joining the group's board of directors. A spokesman for the crypto trade group told CNBC that "on Thursday, ADAM removed FTX.com and FTX.US from its membership." The lobbying group is led by the former Secretary of Homeland Security Tom Ridge.
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