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☆ FTC unanimously moves to block $4 billion merger of mattress giants
▼ + stars: | 2024-07-02 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

New York CNN —The Federal Trade Commission unanimously voted to block mattress maker Tempur Sealy’s purchase of Mattress Firm on Tuesday. Mattress Firm was already dealing with its own financial issues, including a 2018 bankruptcy. In a statement, Tempur Sealy said the bedding industry is “highly competitive” and only a small fraction of brick-and-mortar storefronts are Mattress Firms. “Tempur Sealy has been working constructively with the FTC to secure regulatory approval for this transaction and is disappointed that the FTC has initiated litigation. Correction: A previous story misstated the Tempur Sealy portfolio.

Persons: Tempur Sealy, –, ”, Henry Liu, Foster, Casper, Serta Simmons, “ Tempur Sealy, “, CNN’s Jordan Valinsky, Sealy Organizations: New, New York CNN, Federal Trade, United, FTC, Competition, Pedic, Sealy, Amazon, Innovation, Inc Locations: New York, United States, FTC’s, Stearns

[laufey, "misty"]archived recording (laufey) (SINGING) Look at me I’m as hopeless as a kittenanna martinShe got her start in the most Gen Z way possible — on TikTok. [laufey, "falling behind"]archived recording (laufey) (SINGING) Everybody’s falling in love And I’m falling behindanna martinToday, Laufey reads an essay called “An Anxious Person Tries to Be Chill,” by Coco Mellors. And so, I think that’s kind of what we’re always itching for, that sense of love, even though it’s not really love. laufeyWell, the first love song I wrote, called “Best Friend.” I’d never been in love before, and I wanted to write a love song. archived recording (laufey) [SCATTING]: You’re my best friend in the world [MUSIC PLAYING]anna martinNext week, I talk with model and writer Emily Ratajkowski.

Persons: anna martin, ” I’m Anna Martin, Laufey, anna martin She, ”, you’re, Everybody’s, Coco Mellors, won’t, anna martin Laufey, you’ve, Matt Haig, Madeline Miller, It’s, laufey, it’s, Paul Newman, ’, ‘, didn’t, Henry, ’ Henry didn’t, I’d, I’m, ’ Henry, anna martin Man, —, Laufey’s, ghosting, Coco Mellor’s, avoidant, I’ve, Boston, Let’s, hadn’t, Coco, she’s, he’s, anna martin Right, that’s, anna martin I, We’ll, ” I’d, ” anna martin Aw, Emily Ratajkowski, Emily’s, emily ratajkowski Organizations: The New York Times, Gay, Boston Locations: TikTok, West, Central, ‘, Los Angeles, —, Boston, It’s, what’s

The Federal Trade Commission on Monday sued to block Tapestry’s $8.5 billion acquisition of Capri, a blockbuster fashion tie-up that would bring together Coach, Kate Spade, Michael Kors and Versace. The lawsuit is a rare move by the agency to block a fashion deal, given that the industry does not suffer from a lack of competition. In her time as the chair of the F.T.C., Lina Khan has prioritized taking on the power of big business in suits across industries. The agency has moved to block the supermarket merger between Kroger and Albertsons; Meta’s acquisition of the virtual reality start-up Within; and Microsoft’s bid for the gaming giant Activision. failed to block Microsoft’s deal and Meta’s acquisition, both of which closed last year.

Persons: Kate Spade, Michael Kors, Versace, Lina Khan, ” Henry Liu, ” Organizations: Federal Trade Commission, Kroger, Albertsons, Activision, “, Competition Locations: Capri, ’

☆ The Baltimore bridge disaster is what happens when 95,000 tons of modern cargo ship meets America's aging infrastructure, experts say
▼ + stars: | 2024-03-26 | by ( Marianne Guenot | Mia Jankowicz | ) www.businessinsider.com time to read: +6 min

A loss of propulsion would have had an effect on the rudder's ability to steer effectively, Lipian told BI. Related stories"There's no brakes on a ship," Lipian added. Instead of building bridges strong enough to withstand a direct impact from a ship, engineers focus on deflecting a wayward vessel from its path. AdvertisementIn fact, engineers would struggle to design a bridge capable of stopping a ship as large as the Dali, she said. Newer bridges, built with heavier cargo ships in mind, may include larger gaps between the supporting piers, Broyd said.

Persons: —, Dali, Wes Moore, Henry Lipian, Lipian, Moore, Tim Broyd, Francis Scott Key, Broyd, Lorna Wharton, Rick Geddes, Mark Richards Organizations: Service, National Transportation Safety Board, Business, FBI, NBC, Forensics, US Coast Guard, Port, Maryland Association of Pilots, Gov, Infrastructure Security Agency, ABC News, University College London, UK's, of Civil Engineers, COWI, Cornell University Infrastructure Policy, BI Locations: Maryland

☆ F.T.C. Sues to Block Kroger-Albertsons Grocery Store Deal
▼ + stars: | 2024-02-26 | by ( Julie Creswell | ) www.nytimes.com time to read: +1 min

The Federal Trade Commission on Monday sued to block Kroger, the supermarket giant, from completing its $24.6 billion acquisition of the grocery chain Albertsons, saying the deal would hurt competition in the industry. The agency said the deal, which would be the largest supermarket merger in U.S. history, would also likely result in higher prices for groceries for consumers and, with fewer supermarkets, reduce the ability for grocery-store employees to negotiate higher wages and better working conditions. “This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over the past few years,” Henry Liu, director of the F.T.C.’s Bureau of Competition, said in a news release. “Kroger’s acquisition of Albertsons would lead to additional grocery price hikes for everyday goods, further exacerbating the financial strain consumers across the country face today.”The agency’s lawsuit is the latest move by the Biden administration to take a tougher stance on mergers. In recent years it has challenged several big deals, including the drug maker Amgen’s $27.8 billion acquisition of the pharmaceutical company Horizon Therapeutics; JetBlue’s proposed $3.8 billion purchase of Spirit Airlines; and Microsoft’s $70 billion acquisition of the video game maker Activision Blizzard.

Persons: ” Henry Liu, Biden, JetBlue’s, Activision Blizzard Organizations: Federal Trade Commission, Kroger, Albertsons, Competition, Horizon Therapeutics, Spirit Airlines, Activision Locations: ’

☆ FTC sues to block Kroger, Albertsons merger, arguing deal would raise grocery prices and hurt workers
▼ + stars: | 2024-02-26 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

"Essential grocery store workers would also suffer under this deal, facing the threat of their wages dwindling, benefits diminishing, and their working conditions deteriorating." Kroger said in a statement that blocking the deal "will actually harm the very people the FTC purports to serve: America's consumers and workers." The company also pledged $500 million to reduce prices for customers and $1 billion to raise employee wages and expand benefits. Two unions that represent Kroger and Albertsons employees, the United Food and Commercial Workers International Union and the Teamsters union, opposed the deal. Higher grocery prices have irked consumers and become a hot topic on the campaign trail.

Persons: Henry Liu, Kroger, Albertsons, Biden, Joe Biden, Rodney McMullen Organizations: U.S . Federal Trade Commission, Kroger, Albertsons, FTC, Washington D.C, Walmart, Amazon, Costco, White, United Food, Commercial Workers International Union, Teamsters Locations: Arizona , California, Washington, , Illinois, Maryland , Nevada , New Mexico , Oregon, Wyoming, FTC's

☆ US government sues to block largest supermarket merger in history
▼ + stars: | 2024-02-26 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

New York CNN —The Federal Trade Commission on Monday sued to block the $25 billion deal between Kroger and Albertsons, alleging the largest supermarket merger in US history would lead to higher prices for consumers. The merger, announced in 2022, sought to combine the fifth and tenth largest retailers in the country. “This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over the past few years. With the FTC’s blessing, Haggen, a small supermarket chain in the Northwest with just 18 locations, bought 146 of the former Albertsons and Safeway stores. She criticized the FTC’s handling of Albertsons’ deal with Safeway, pointing to it as a prime example of the limitations of divestitures.

Persons: Harris Teeter, Fred Meyer, Kroger, Rodney McMullen, Henry Liu, Piggly, Khan, Lina Khan, Haggen, ” Khan, “ Organizations: New, New York CNN, Federal Trade Commission, Kroger, Albertsons, Safeway, Vons, Bureau of Labor Statistics, FTC, Walmart, Amazon, Costco, Competition, S Wholesale Grocers, Democrats, Republicans, Capitol Locations: New York, United States, Aldi, FTC’s, Northwest

☆ At unicorn startup Carta, a culture of absolute fealty to an erratic and vindictive CEO, employees say
▼ + stars: | 2023-10-24 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +17 min

Both men remained valued employees at Carta, with the sales representative even getting promoted just weeks after the alleged "helicopter penis" incident, according to former employees. CEO Henry Ward cofounded Carta, originally called eShares, in 2012 as a service for startups to digitize their paper stock certificates. Today Carta helps startups track their investors, employees manage their equity awards, and venture capitalists administer their funds. The lawsuit says that 10 days after Rogers filed her complaint, Ward "began treating Ms. Rogers in an aggressive and demeaning manner during several meetings." Many of the employees who have spoken out publicly about Carta and Ward have found themselves embroiled in expensive legal battles.

Persons: Lisa Whittaker, Whittaker, Jerry Talton, David Kim, Andrea Lamari, Kim, Henry Ward, Andreessen Horowitz, Ward, Henry, Alex Kurland, Carta, Peter Thiel, Simon Cowell, Talton's, Suzanne Elovic, Elovic, Lamari, Jeff Perry, Perry, salespeople, JT Goodman, Goodman, Goodman didn't, Jeff Perrry, Allie Rogers, Rogers, Rodgers, Rachel Mayes, Ward doesn't, Mayes, Jeff, Jeff Perry countersued, Orrick Herrington, Sutcliffe, Kleiner Perkins, Ellen Pao, Amanda Sheets, Sheets, Pushback, Lindauer, Whitaker, Whittaker wasn't, Barbara Byrne, Byrne, Talton, Joe Osnoss, Osnoss, Heidi Johnson, Johnson Organizations: Carta, UBS, Gold Club, Lightspeed, California Civil Rights Department, Meritech, YouTube, Win, York Stock Exchange, San, San Francisco Superior, San Francisco Superior Court, Barclays, Lehman Brothers, Montana Human Rights Bureau Locations: San Francisco, Brazil, Silicon Valley, California, Palo, Iranian, Lindauer, Silver, Montana

☆ Hong Kong court backs same-sex married couples on equal housing rights
▼ + stars: | 2023-10-17 | by ( ) edition.cnn.com time to read: +2 min

CNN —A Hong Kong court has dismissed a government bid to deny same-sex married couples the right to rent and own public housing, saying that it was “discriminatory in nature” and a complete denial of such couples’ rights. The ruling by Hong Kong’s Court of Appeal on Tuesday is the latest in a series of legal breakthroughs for gay rights advocates in the global financial hub this year. The government had challenged two High Court rulings that it was “unconstitutional and unlawful” for the city’s housing authority to exclude same-sex couples who married abroad from public housing. A Hong Kong court in September sided with a married lesbian couple who argued that both women should have parental status over their child born via reciprocal IVF. Activists in other parts of Asia are watching Hong Kong’s courts in the hope that their rulings could influence campaigns for reform elsewhere.

Persons: Hong, Jeremy Poon, Aarif Barma, Thomas Au, Henry Li Organizations: CNN, Facebook ., Hong Locations: Hong Kong, Hong Kong’s, Canada, Britain, Asia

☆ Hong Kong court rules that gay couples get equal housing rights
▼ + stars: | 2023-10-17 | by ( Jessie Pang | Thomson Reuters | Jessie Pang Joined Reuters In After An Internship. She Covers Hong Kong With A Focus On Politics | ) www.reuters.com time to read: +2 min

Aerial view of residential housing seen through the window of an airplane in Hong Kong, China October 24, 2020. REUTERS/Tyrone Siu/File Photo Acquire Licensing RightsHONG KONG, Oct 17 (Reuters) - A Hong Kong court on Tuesday dismissed a government bid to deny same-sex married couples the right to rent and own public housing saying that it was "discriminatory in nature" and a complete denial of such couples' rights. The ruling by Hong Kong's Court of Appeal is the latest in a series of legal breakthroughs for gay rights advocates in the global financial hub this year. A Hong Kong court in September sided with a married lesbian couple who argued that both women should have parental status over their child born via reciprocal IVF. Activists in other parts of Asia are watching Hong Kong's courts in the hope that their rulings could influence campaigns for reform elsewhere.

Persons: Tyrone Siu, Hong, Jeremy Poon, Aarif Barma, Thomas Au, Henry Li, Kong's, Jessie Pang, James Pomfret, Robert Birsel Organizations: REUTERS, Hong, Facebook ., Thomson Locations: Hong Kong, China, HONG KONG, Hong Kong's, Canada, Britain, Asia

☆ US FTC secures settlement with ICE, Black Knight over $11.7 bln deal
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +2 min

[1/2] A screen displays the logo for Black Knight on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2022. REUTERS/Brendan McDermid Acquire Licensing RightsAug 31 (Reuters) - The U.S. Federal Trade Commission (FTC) on Thursday said it had secured a settlement resolving antitrust concerns over NYSE-owner Intercontinental Exchange's (ICE.N) proposed purchase of data vendor Black Knight (BKI.N). The proposed settlement ensures Black Knight's divestiture of Empower and Optimal Blue, two businesses that provide services in the mortgage origination process, the FTC said. Black Knight said in mid-July it would sell its Optimal Blue business for $700 million. Optimal Blue provides data and technology to price and trade mortgages.

Persons: Knight, Brendan McDermid, Henry Liu, Joe Biden, Jasper Ward, David Ljunggren, Cynthia Osterman, Bill Berkrot Organizations: New York Stock Exchange, REUTERS, U.S . Federal Trade Commission, NYSE, Intercontinental, FTC, Competition, Constellation Software, Constellation Web Solutions, ICE, Thomson Locations: New York City, U.S, FTC's

☆ US antitrust regulator names Henry Liu to head competition unit
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

Federal Trade Commission seal is seen at a news conference in Washington, U.S., July 24, 2019. REUTERS/Yuri Gripas/File Photo Acquire Licensing RightsAug 22 (Reuters) - The U.S. Federal Trade Commission (FTC) said on Tuesday that Henry Liu, a partner at law firm Covington Burling, would be the new director of the commission's Bureau of Competition. "I'm excited to have Henry at the helm of the Bureau of Competition," Chair Lina Khan said in a statement. At Covington & Burling, where he worked for 14 years, Liu rose to be a partner in litigation and antitrust practices, according to the statement. Liu went to Yale Law School, graduating in 2007, according to his LinkedIn page.

Persons: Yuri Gripas, Henry Liu, Covington, Liu, Henry, Lina Khan, R, Guy Cole Jr, Bill Clinton, Diane Bartz, Ismail Shakil, Rami Ayyub, Cynthia Osterman Organizations: Federal Trade Commission, REUTERS, U.S . Federal Trade Commission, Competition, Meta's Facebook, Amazon.com, FTC, Big Tech, Justice Department, Albertsons, Covington &, Yale Law School, U.S ., Appeals, Sixth Circuit, Thomson Locations: Washington , U.S, commission's, Covington, Covington & Burling, Washington, Ottawa

☆ Why Sunscreen Is the Only Anti-Aging Product You Need
▼ + stars: | 2023-07-15 | by ( Dana G. Smith | More About Dana G. Smith | ) www.nytimes.com time to read: +3 min

Von Schuckmann said the jury is still out: “We certainly have studies to show that sunscreen used on a daily basis reduces skin aging. There are two types of sunscreen ingredients: mineral and chemical. In general, sunscreens are more effective at stopping the shorter UVB rays than the longer UVA rays. Sun protection factor, or SPF, only refers to how well the sunscreen prevents a sunburn, meaning how well it blocks UVB. When it comes to choosing the best sunscreen to prevent signs of aging, Dr.

Persons: Henry Lim, Von Schuckmann, Frey, “, ” Organizations: Henry Ford Health, American Academy of Dermatology, UVA, Food and Drug Administration Locations: United States, Europe

☆ The biggest problem with Russia's tanks in Ukraine is the way Moscow tried to use them
▼ + stars: | 2023-03-07 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +21 min

By September, the tally of lost and captured Russian tanks reached 1,000 — more than all the tanks in the British, French, German, and Finnish militaries combined. The first time these British tanks found a fight, only 25 of the 49 of them actually moved when ordered to commence the attack. Nonetheless, before the conflict was over, Churchill himself would decide tanks had, once again, run their course, declaring, "we have too much armor — tanks are finished." And that is the real lesson we can glean from the performance of Russian tanks in Ukraine over the past year. Maxim Shemetov/ReutersThis point becomes evident when you look at Russian tank losses recorded by the Oryx Blog between February and April 2022, when Russian tank losses were at their absolute worst.

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