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☆ Student loan borrowers at risk of scams as payments restart, says FTC
▼ + stars: | 2023-09-15 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Student loan payments are restarting in October after a pause of more than three years — and scammers are trying to take advantage, the Federal Trade Commission warned. Fraudsters may try mislead borrowers by offering assistance and asking them to pay for it, Ari Lazarus, consumer education specialist at the FTC, wrote in a consumer alert Thursday. Those fake offers might include lowering borrowers' monthly payments, avoiding repayment or getting their loans forgiven. Interest on federal student debt was also suspended during this period but started accruing again on Sept. 1. The "best source" of information on federal student loans is the Federal Student Aid website, studentaid.gov, the FTC said.

Persons: Fraudsters, Ari Lazarus, Trump, Biden Organizations: Federal Trade Commission, Finance, Frisco, Federal, Aid, FTC

Senator Elizabeth Warren (D-MA) speaks to supporters in Memphis, Tennessee, U.S. March 17, 2019. L3 Harris said on July 26 it was informed that the U.S. Federal Trade Commission would not block its $4.7 billion deal for Aerojet Rocketdyne. The letter was signed by Warren, chair of the Senate Armed Services Committee Subcommittee on Personnel, as well as U.S. The lawmakers also requested correspondence between the Pentagon and the companies regarding potential conditions, including how they would be enforced. Reporting by Diane Bartz; additional reporting by Mike Stone; editing by Timothy GardnerOur Standards: The Thomson Reuters Trust Principles.

Persons: Elizabeth Warren, Karen Pulfer Focht, Lloyd Austin, Harris, Warren, L3Harris, William LaPlante, Representatives John Garamendi, Mark Pocan, Diane Bartz, Mike Stone, Timothy Gardner Organizations: Democratic, U.S, REUTERS, Rights, Democrat, L3 Harris Technologies, U.S . Federal Trade Commission, Aerojet, Pentagon, Federal Trade Commission, Senate Armed Services, Representatives, Defense Department, Thomson Locations: Memphis , Tennessee, U.S, Austin

☆ Common Patenting Tactic by Drug Companies May Be Illegal, F.T.C. Says
▼ + stars: | 2023-09-14 | by ( Rebecca Robbins | More About Rebecca Robbins | ) www.nytimes.com time to read: +1 min

The Federal Trade Commission on Thursday issued what amounted to a warning to pharmaceutical companies about the legality of a widespread patenting strategy that experts say has helped keep inhaler costs high for patients with asthma and lung problems. In a policy statement unanimously endorsed by the agency’s commissioners, the F.T.C. said it “intends to scrutinize” whether companies are illegally engaging in an unfair method of competition when they exploit a regulatory loophole that can delay rivals from entering the market. The policy statement did not single out any particular products. “This seems to be a real problem, and one that could really be contributing to unaffordable medicines and drug products,” Lina Khan, the F.T.C.

Persons: “, ” Lina Khan Organizations: Federal Trade Commission

☆ The most insidious part of online shopping is about to get even worse
▼ + stars: | 2023-09-14 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +16 min

Companies are just baking all those fees into the total price — making the hidden fees even more hidden. On the first page, you see the ticket price. I have never seen a good justification of what I'd call mandatory hidden fees. The Canadian government is also looking to pare down hidden fees. After all, Mahoney told me, "I have never seen a good justification of what I'd call mandatory hidden fees."

Persons: I'd, Neale Mahoney, Joe Biden's, Mahoney, Marcos Villaoslada, Sara Fisher Ellison, Ellison, Harold Hill, obfuscation, you've, Vicki Morwitz, Morwitz, — they've, StubHub, Laura Dooley, StubHub's, pare, Michael Negron, —, they're, Joe Biden, Alex Wong, Maggie Rogers, she'd, Audrey Fix Schaefer, Juliana Kaplan Organizations: Stanford University, White, Economic Council, Europa Press, Getty, MIT, Columbia Business School, YouGov, Ticketmaster, National Economic Council, NPR, Federal Trade Commission, I.M.P, Independent, Association Locations: New York, upsell, Europe, Washington ,

☆ US Senate committee to consider Biden’s Republican nominees to FTC
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

Signage is seen at the Federal Trade Commission headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly Acquire Licensing RightsSept 13 (Reuters) - A U.S. Senate committee will meet next week to consider President Joe Biden's nomination of Virginia Solicitor General Andrew Ferguson and Utah Solicitor General Melissa Holyoak to fill Republican slots at the Federal Trade Commission (FTC). Senator Maria Cantwell, who chairs the Senate Committee on Commerce, Science and Transportation, said she would convene a full nominations hearing on Sept. 20. Ferguson was chief counsel to U.S. Senate Republican Leader Mitch McConnell from 2019 until 2021. Holyoak is the Utah Solicitor General with the Utah Attorney General's Office.

Persons: Andrew Kelly, Joe Biden's, Andrew Ferguson, Melissa Holyoak, Lina Khan, Maria Cantwell, Ferguson, Mitch McConnell, Lindsey Graham, Chuck Grassley, Holyoak, Myers, Dan Whitcomb, Josie Kao Organizations: Federal Trade Commission, Washington , D.C, REUTERS, U.S, Senate, FTC, Democratic, Commerce, Science, Transportation, Senate Republican, Utah Attorney General's, Myers LLP, Hamilton Lincoln Law Institute, Enterprise Institute's Center, Thomson Locations: Washington ,, Utah

☆ In Antitrust Trial, Former Google Employee Details History of Search Deals
▼ + stars: | 2023-09-13 | by ( David Mccabe | More About David Mccabe | ) www.nytimes.com time to read: +1 min

Google has argued that its success in online search was the result of having a better product, not the default agreements. In opening statements on Tuesday, Google’s lawyer said it was easy for people to switch their search engine and that smartphone and browser makers promoted other search engines as well. On Wednesday, the Justice Department began the day in court by questioning Mr. Barton, who worked at Google forging agreements with mobile companies. Mr. Barton’s job had been to meet with executives from the telecom and smartphone makers, convince them to sign agreements to distribute Google search and see those agreements through to a final contract, he said. The goal was to “maximize the opportunity” for users to discover Google and start to use it regularly, he said.

Persons: Google’s, Meta, Mr, Barton, Barton’s Organizations: Google, The, Federal Trade Commission, Justice Department

☆ Elon Musk's X is a 'chaotic environment' that raises serious questions about its data-privacy practices, DOJ says
▼ + stars: | 2023-09-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

X, formerly Twitter, was fined $150 million for data-privacy violations before Elon Musk's takeover. In a court filing, the DOJ has hit back, questioning X's compliance with an FTC order. It also saw X face more robust requirements to maintain data privacy, including periodic assessments from a third party. After Musk's takeover saw top privacy executives quit, the FTC said it was tracking the company "with deep concern." AdvertisementAdvertisementIn Musk's first six months of owning the company, X's workforce fell 90%, down to about 1,000 employees, Insider reported.

Persons: Elon Musk's, X, Musk, X hadn't Organizations: Twitter, Elon, DOJ, FTC, Service, Department of Justice, Federal Trade Commission, X Corp Locations: Wall, Silicon

☆ Arm, the Chip Designer, Raises $4.87 Billion in the Year’s Largest I.P.O.
▼ + stars: | 2023-09-13 | by ( Vivian Giang | More About Vivian Giang | ) www.nytimes.com time to read: +1 min

comes 19 months after Nvidia, the Silicon Valley chip maker, abandoned an effort to buy Arm for $40 billion. Why It Matters: Arm’s shares could influence the overall I.P.O. Arm is listing its shares on Nasdaq under the ticker symbol ARM. The company priced its shares at $51 each, but the stock could open for trading at a different price. Usually there’s a period of at least an hour during which buy and sell orders are matched up to set an opening price.

Persons: SoftBank Organizations: Nvidia, Federal Trade Commission, Nasdaq Locations: Silicon

☆ Google engaged in a monopolistic feedback loop to maintain search dominance, DOJ alleges in first day of trial
▼ + stars: | 2023-09-12 | by ( Lauren Feiner | ) www.cnbc.com time to read: +12 min

That popularity, the company says, is why browser and phone makers have chosen Google as their default search engine through revenue sharing agreements. It will also hear from Apple's Senior Vice President of Services Eddy Cue and Mozilla CEO Mitchell Baker, Google's lawyer said. Following opening statements, the DOJ lawyer questioned its first witness, as it begins what's known as its "case-in-chief." But it's important browsers pick the right search default, Schmidtlein said, as Mozilla learned when it switched its default from Google to Yahoo in 2014. WATCH: DOJ takes on Google in antitrust lawsuit over Google Search

Persons: Jonathan Kanter, Kevin Dietsch, Sundar Pichai, Services Eddy, Mitchell Baker, Google's, Sridhar Ramaswamy, Neeva, Hal Varian, Ting Shen, Varian, Kenneth Dintzer, Dintzer, Ditzner, Patterson Belknap Webb, William Cavanaugh, Joan Braddi, Braddi, Siri, Cavanaugh, Kent Walker, Williams, Connolly's John Schmidtlein, Schmidtlein, Denelle Dixon, Apple Organizations: Antitrust, Department of Justice, Getty, Google, Colorado, Washington , D.C, Apple's, Services, Mozilla, DOJ, AGs, Google Inc, Bloomberg, Microsoft, Federal Trade Commission, Apple, Samsung, Branch, Global Affairs, Inc, Yahoo, TechCrunch, CNBC, YouTube Locations: Washington , DC, Washington ,, Snowflake, Colorado, Siri

☆ Sen. Blumenthal plans action against telemarketing scams masquerading as political, charitable causes
▼ + stars: | 2023-09-12 | by ( Brian Schwartz | ) www.cnbc.com time to read: +1 min

Sen. Richard Blumenthal is moving ahead with new legislative efforts to combat telemarketing scams that have raised millions of dollars while pretending to represent political and charitable causes. Blumenthal announced on Monday a new oversight and legislative fight to take on those that use telemarketing calls, online scams, and other schemes to effectively steal millions of dollars from donors. Contributors think they are donating to real causes but they're tricked into giving to fake organizations, with their leaders ending up keeping the money for themselves. The Connecticut Democrat's first step was to send letters to the chairs of the Federal Election Commission and the Federal Trade Commission as part of his larger inquiry. He wrote a similar letter to FTC chair Lina Khan.

Persons: Sen, Richard Blumenthal, Blumenthal, they're, Dara Lindenbaum, Lina Khan Organizations: Connecticut Democrat's, Commission, Federal Trade Commission Locations: Connecticut

The back-and-forth came in the federal government’s first monopoly trial since it tried to break up Microsoft more than two decades ago. If Google wins, it could act as a referendum on increasingly aggressive government regulators, raise questions about the efficacy of century-old antitrust laws and further embolden Silicon Valley. The Justice Department has filed a second lawsuit against Google over its advertising technology, which could go to trial as early as next year. The Federal Trade Commission is separately moving toward a trial in an antitrust lawsuit against Meta. Investigations remain open in efforts that could lead to antitrust lawsuits against Amazon and Apple.

Persons: Judge Amit P, Mehta, ”, Bill Baer, Biden Organizations: Microsoft, Google, U.S, District of Columbia, Justice Department, The, Federal Trade Commission, Meta, Amazon, Apple

The U.S. government says the former Twitter's request to end oversight of its data privacy and security practices is “meritless” and owner Elon Musk should not be immune to testifying about the company since he has “first-hand knowledge” of the conduct being investigated. Political Cartoons View All 1154 ImagesThe FTC has been watching the company for years since Twitter agreed to a 2011 consent order alleging serious data security lapses. But the agency’s concerns spiked with the tumult that followed Elon Musk’s Oct. 27 takeover of the company. Twitter paid a $150 million penalty in May 2022, about five months before Musk’s takeover, for violating the 2011 consent order. An updated version established new procedures requiring the company to implement an enhanced privacy-protection program as well as beef up information security.

Persons: Elon Musk, Musk, Elon Musk’s, “, Andrew Sayler, Elon, ” Organizations: X Corp, Federal Trade Commission, FTC, U.S . Department of Justice, Twitter, ”

☆ Elon Musk should be forced to testify on X’s ‘chaotic environment,’ US regulator tells court
▼ + stars: | 2023-09-12 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

Washington CNN —Elon Musk should be forced to testify in an expansive US government probe of X, the company formerly known as Twitter, the US government said. The government said mass layoffs and other decisions Musk made raised questions about X’s ability to comply with the law and to protect users’ privacy. Other planned upgrades to the company’s security program were “impaired,” the filing said, citing a deposition by the former chief information security officer, Lea Kissner. In another example, Musk personally tried to rush the rollout of Twitter Blue, the company’s paid subscription service, the filing said. But in its filing, the US government said its interest in Musk’s testimony is well-justified based on the appearance of a “chaotic environment” at X driven by “sudden, radical changes at the company” following Musk’s acquisition.

Persons: Washington CNN — Elon, Musk, Musk’s, didn’t, Lea Kissner, Damien Kieran, —, ”, Peiter “ Mudge ” Zatko Organizations: Washington CNN, Twitter, Justice Department, Federal Trade Commission, X, FTC, X Corp, CNN, Washington Post Locations: House

☆ Insider Today: Big Tech goes on trial
▼ + stars: | 2023-09-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +10 min

Speaking of Big Tech, it's a big day for the industry as the DOJ's antitrust trial against Google starts today. It's also a strategy the Department of Justice argues is "anticompetitive and exclusionary" in a landmark trial for Big Tech kicking off today. The trial is the biggest to hit the tech industry since the government sued Microsoft in the late 1990s. AdvertisementAdvertisementMore broadly, the case is a bellwether for how the government could argue future cases against Big Tech companies in the modern era. Each case is unique, but their focus on monopolistic behavior means the Google trial could set precedents followed by both sides.

Persons: Tayfun, it's, there's, you'll, It's, Hugh Langley, Kent Walker, Hugh, Walker, Chelsea Jia Feng, Henry Farrell, Abraham Newman's, Walter Wriston's, Gil Perez, Jamie Dimon, JPMorgan doesn't, Dimon, Elon, Franz von Holzhausen, Musk, Walter Isaacson, Yossakorn Kaewwannarat, VCs, they're, Nicki Minaj, Shakira, Beyoncé, Karol G, Frances Tiafoe, Austin Krajicek, Mackenzie McDonald, Tommy Paul, Rajeev Ram, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Big Tech, Google, Anadolu Agency, Getty, Department of Justice, DOJ, Microsoft, Apple, Federal Trade Commission, Amazon, Meta, Deutsche, JPMorgan, Street, Workers, Gallup, Startup, MTV, Team, Amtrak Locations: Wall, Silicon, Chelsea, New York City, San Diego, London, New York

☆ Relief could be on the way for student-loan borrowers who paid one of the 52 companies suspected of 'falsely promising' them loan forgiveness, Minnesota's attorney general says
▼ + stars: | 2023-09-11 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Minnesota AG Keith Ellison opened investigations into 52 student-debt relief companies. He said those companies are suspected of "falsely promising" loan forgiveness to borrowers for fees. Should the investigations find wrongdoing, impacted borrowers could receive relief. Last week, Minnesota Attorney General Keith Ellison announced that his office has opened investigations into 52 student-debt relief companies "suspected of violating Minnesota law," according to the press release. The FTC had previously halted operations of two different debt relief companies that scammed borrowers out of $8.8 million under the guise of debt relief.

Persons: Keith Ellison, California —, Ellison, Joe Biden's, servicers Organizations: Service, Minnesota, Joe Biden's Education, Federal Trade Commission, Justice Department, FTC, Consumer Financial Protection Locations: Minnesota, Wall, Silicon, California

☆ Cramer: These things could soon break the bulls' way, plus 4 stocks to buy
▼ + stars: | 2023-09-10 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

If you don’t know a soul that is bullish — and I mean flat-out positive — you may need some new friends. I say I am a naked opportunist and I feel naked and alone right now in saying we might have a bunch of things that could break the bulls' way. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: —, We’ve, sotto, Shawn Fain, Leon Trotsky, Fain, Lululemon, LULU, Robert Bradway, Amgen, Lina Khan, Khan, Trump, Estee Lauder, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim, Virginia Sherwood Organizations: Federal Reserve, Softbank's Arm Holdings, United Auto Workers, UAW, Federal Trade, Activision Blizzard, Horizon Therapeutics, FTC, Apple, GE HealthCare, Disney, Bausch Health, Honeywell, Jim Cramer's Charitable, CNBC, NYSE Locations: Russian, U.S, Wells

REUTERS/Yuri Gripas/File Photo Acquire Licensing RightsCompanies Intuit Inc FollowWASHINGTON, Sept 8 (Reuters) - The Federal Trade Commission's (FTC) administrative law judge ruled on Friday that Intuit Inc., the maker of the popular TurboTax tax filing software, engaged in deceptive advertising and deceived consumers when it ran ads for “free” tax products and services, the FTC said in a statement. Intuit had revealed the ruling last week and the FTC statement confirmed the findings on Friday. The company must also disclose whether any good or service is not free to a majority of U.S. taxpayers, it said. Intuit on Friday called the ruling "groundless" and said it will appeal. "Intuit has always been clear, fair, and transparent with our customers and we remain committed to providing free tax preparation," it said in a statement.

Persons: Yuri Gripas, Michael Chappell, Doina, Jasper Ward, Aurora Ellis Organizations: Federal Trade Commission, REUTERS, Intuit, WASHINGTON, Federal Trade Commission's, Intuit Inc, FTC, Internal Revenue Service, Thomson Locations: Washington , U.S, U.S

☆ Amazon lawsuit from FTC expected as soon as this month — here's what's at stake
▼ + stars: | 2023-09-06 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

Federal Trade Commission (FTC) Chair Lina Khan testifies before a House Judiciary Committee hearing on "Oversight of the Federal Trade Commission," on Capitol Hill in Washington, July 13, 2023. In Lina Khan's two years helming the Federal Trade Commission, her name has been most associated with one company: Amazon . So far, that's largely been because of her viral Yale Law Journal article from 2017, titled "Amazon's Antitrust Paradox." The article made Khan's name ubiquitous in antitrust circles and helped launch her on a path to becoming the youngest-ever FTC chair. That lawsuit is now expected to come as soon as this month, The Wall Street Journal and Bloomberg reported this week.

Persons: Lina Khan, Lina Khan's, Meta, Khan Organizations: Federal Trade Commission, Yale, FTC, Amazon's, Street Journal, Bloomberg, Amazon, CNBC, Journal, YouTube Locations: Washington, Arlington , Virginia

☆ C&S, SoftBank near deal to buy stores from Kroger, Albertsons - source
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

The deal value and the number of stores included in the transaction could not be immediately learned. C&S lost one of its largest customers, Ahold Delhaize (AD.AS), when the supermarket group decided to transition to self-distribution in 2019. Kroger, Albertsons, C&S and SoftBank did not respond to Reuters' request for a comment. Reuters had reported in February that Kroger and Albertsons were advancing their plans to sell between 250 and 300 stores that they hope will alleviate U.S. antitrust concerns over their combination. In March, the companies reiterated that they would divest some stores to win the regulatory clearance required to go ahead with the merger.

Persons: Ahold, SoftBank, Kroger's, Juby Babu, Anirban Sen, Abigail Summerville, Sherry Jacob, Phillips, Rashmi Organizations: S Wholesale Grocers, SoftBank, Kroger, Albertsons Companies Inc, Reuters, Bloomberg, Albertsons, Federal Trade Commission, Thomson Locations: Pacific Northwest, Southern California, Phoenix, Chicago, Bengaluru, New York

NEW YORK (AP) — Information theft is on the rise. Colleen Tressler, a senior project manager for the FTC, has tracked consumer issues including identity theft for more than three decades. “They’re imposters, so they’re going after your personal information and your financial information however they can," she said. The Federal Student Aid site provides more guidance about avoiding identity theft online. Medical ID theft and tax ID theft are also common, especially during tax season or Medicare re-enrollment periods.

Persons: Colleen Tressler, They’re, “, Tressler, Scammers, servicer, ” Tressler, —, you've, Charles Schwab Organizations: Federal Trade Commission, FTC, Federal Emergency Management Agency, Federal, Department of Education, Medicare, Social Security, “ Insurance, Bills, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: U.S, IdentityTheft.gov

The logo of Calgary-based Enbridge, one of North America's largest energy infrastructure companies, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren Acquire Licensing RightsSept 5 (Reuters) - Enbridge (ENB.TO) will buy three utilities from Dominion Energy (D.N) for $14 billion including debt, the Canadian pipeline operator said on Tuesday, creating North America's largest natural gas provider and doubling its gas distribution business. The deals for East Ohio Gas, Questar Gas, and Public Service Co of North Carolina will consist of $9.4 billion in cash and $4.6 billion of assumed debt. U.S.-listed shares of Enbridge fell 6.5% to $33.01 in extended trading after the company also announced a C$4 billion ($2.9 billion) bought-share sale to fund a portion of the deal. The modest improvement in Enbridge's business risk profile is not enough to "offset ongoing pressure on the company's financial profile," said Gavin MacFarlane, vice president and senior credit officer at Moody's, in a statement.

Persons: Chris Helgren, Berkshire Hathaway, Greg Ebel, Enbridge, Patrick Murray, Moody's, Gavin MacFarlane, Morgan Stanley, Sullivan, Cromwell, McCarthy Tétrault, Arunima Kumar, David French, Denny Thomas, Shailesh Kuber, Sriraj Kalluvila, Richard Chang Organizations: REUTERS, Dominion Energy, East Ohio Gas, Public Service Co, Dominion, Federal Trade Commission, Foreign Investment, Co LLC, RBC Capital Markets, Thomson Locations: Calgary, North, Vancouver , British Columbia, Canada, Canadian, North Carolina, Enbridge, Point, United States, Ohio , North Carolina , Utah , Idaho, Wyoming, North America, Bengaluru, New York

☆ The FTC cleared Amgen's $27.8 billion Horizon buyout — here's what it means for other massive pharma deals
▼ + stars: | 2023-09-05 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

That includes the agency's examination of Pfizer 's proposed $43 billion purchase of cancer drug developer Seagen . Some also speculated that the restrictions imposed on Amgen as part of the settlement could have implications for other deals. The FTC's lawsuit against Amgen in May was the agency's first legal challenge to a pharmaceutical buyout in 14 years. The settlement agreement prohibits Amgen from bundling any of its products with two of Horizon's blockbuster drugs, among other restrictions. Still, some analysts said the restrictions suggest the FTC could apply similar rules to other buyouts in the future.

Persons: Amgen, William Blair, Matt Phipps, Robyn Karnauskas, baring, Nathan Ray, West, Biden, Evan Seigerman Organizations: Federal Trade Commission, Horizon Therapeutics, Pfizer, FTC, West Monroe, Amgen, Pharmaceutical, Pharma, BMO Capital Locations: Amgen

☆ Qualcomm focuses on AI and auto as Nvidia takes over as world’s biggest fabless chip company
▼ + stars: | 2023-09-05 | by ( Katie Tarasov | ) www.cnbc.com time to read: +7 min

Until last month, Qualcomm was also the world's biggest fabless chip company. But Qualcomm CEO Cristiano Amon is betting that one day, generative AI will be in high demand off the cloud, too. Qualcomm modems are inside all iPhone models currently being made, including the next model set to come out next week. Today, Qualcomm has more than 140,000 patents. The other lawsuit came from Apple, which sued Qualcomm for roughly $1 billion for charging royalties for technologies Apple said Qualcomm had "nothing to do with."

Persons: Cristiano Amon, Amon, Chris Patrick, Irwin Jacobs, Jacobs, Nobody, Jay Goldberg, Patrick, it's, Daniel Newman, Newman, It's, Donald Trump, Stacy Rasgon, Qualcomm's Amon, CNBC it's Organizations: Qualcomm, Nvidia, Amazon Web Services, CNBC, Apple, Quality Communications, D2D, Futurum, Federal Trade Commission, Broadcom, Bernstein Research, GM, BMW, Samsung, Taiwan Semiconductor Manufacturing Co, Intel Locations: San Diego, China, Taiwan, Asia, That's, U.S, Arizona

☆ Fake Taylor Swift tickets, student loan forgiveness: 4 top scams that targeted consumers this summer
▼ + stars: | 2023-09-04 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Taylor Swift performs onstage during "Taylor Swift | The Eras Tour" at SoFi Stadium on August 09, 2023 in Inglewood, California. Concert and event ticket scamsFans were especially eager to see big-ticket acts like Beyonce and Taylor Swift as they toured this summer. Vacation lodging scamsVacationers who sought rentals or other services in popular destinations may have found themselves prey to fake listings. Such vacation scams meant travelers could find themselves out money as well as a place to stay. "But at the end of the day, those listings are fake listings, which puts consumers at risk," he said.

Persons: Taylor Swift, Kevin Winter, Beyonce, Fabara, Rob Bonta, Letitia James, Roomster, James, Tashdique Mehtaj Ahmed Organizations: Getty, Visa, New York, Federal Trade Commission, FTC, Federal Student Aid Locations: Inglewood , California, California, U.S, York

☆ US FTC wins administrative ruling in deceptive advertising case against Intuit -- company
▼ + stars: | 2023-09-02 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Sept 1 (Reuters) - The Federal Trade Commission won an administrative ruling against TurboTax tax software maker Intuit (INTU.O) after the commission said the company misled consumers with deceptive advertisements pitching "free" tax filing products that millions of consumers were unable to use, the company said on Friday. In April 2022, a U.S. judge refused an FTC request to block Intuit from running ads for "free" tax filing products. The settlement also required the largest U.S. online tax preparer to suspend ads containing slogans such as "TurboTax Free is free. Free free free free". It said it has "has been clear, fair, and transparent with its customers and is committed to free tax preparation".

Persons: David Shepardson, Leslie Adler Organizations: Federal Trade Commission, Intuit, D.C, Internal Revenue Service, Consumers, New York, Thomson Locations: U.S, Washington, View , California

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