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☆ Lightning Round: Cameco is the highest quality uranium play, says Jim Cramer
▼ + stars: | 2023-11-15 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Cameco is the highest quality uranium play, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Cameco, H&R Block, Driven Brands, Albertsons, Torm and Roblox.

Persons: Jim Cramer Organizations: Brands, Albertsons, Torm

☆ Cramer's Lightning Round: 'Not the time' to sell Roblox
▼ + stars: | 2023-11-15 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Cameco's year-to-date stock performance. Stock Chart Icon Stock chart icon H&R Block's year-to-date stock performance. Stock Chart Icon Stock chart icon Driven Brands' year-to-date stock performance. Stock Chart Icon Stock chart icon Albertsons' year-to-date stock performance. Stock Chart Icon Stock chart icon Roblox's year-to-date stock performance.

Persons: you've, I've Organizations: New York Stock Exchange, Albertsons Locations: AutoZone

☆ We moved from California to Texas and lived in an RV for 5 months before we bought a home. We love it now, but it's not for everyone.
▼ + stars: | 2023-10-27 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

Alyson and Josh McDonald moved their family from Eastvale, California, to Magnolia, Texas, last year. Then Josh went back to school and we ended up in California in 2011 because of the golf industry. Alyson and Josh McDonald said they feel more comfortable being openly conservative in Texas. There are definitely a lot of Californians here in Texas and even a lot of people from other states too. AdvertisementAdvertisementAlyson and Josh McDonald said their kids are thriving in Texas.

Persons: Alyson, Josh McDonald, —, Alyson McDonald, We're, We've, Josh, we're, Texas Josh, McDonald, COVID, Nobody, Alyson McDonald It's Organizations: McDonalds, Service, Albertsons Locations: Eastvale , California, Magnolia , Texas, Texas, Houston, Hudson, Idaho, Chandler , Arizona, California, Eastvale, Arizona , Wyoming , Kansas City , Texas , Utah, New York, Texas . Texas

☆ U.S. Senate panel sends three FTC nominations to full Senate
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

Federal Trade Commissioner Rebecca Slaughter testifies on the "Oversight of the Federal Trade Commission" before the U.S. Senate Consumer Protection, Product Safety, Insurance and Data Security Subcommittee in the Russell Senate Office Building in Washington, U.S., November 27, 2018. REUTERS/Leah Millis/File Photo Acquire Licensing RightsWASHINGTON, Oct 18 (Reuters) - The U.S. Senate Commerce Committee voted on Wednesday to send three nominations for the U.S. Federal Trade Commission to the full Senate. THE TAKEIf confirmed by the Senate, as expected, adding the two Republicans will not change the balance of power at the five-member FTC, which also enforces antitrust law. A previous Republican FTC commissioner, Christine Wilson, quit this year and sharply criticized agency leadership. Reporting by Diane Bartz; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Rebecca Slaughter, Leah Millis, Andrew Ferguson, Melissa Holyoak, Lina Khan, Christine Wilson, Diane Bartz, Jonathan Oatis Organizations: Federal, Federal Trade Commission, U.S . Senate Consumer Protection, Safety, Insurance, Data, Russell Senate, REUTERS, Rights, U.S, Senate, U.S . Federal Trade Commission, Democrat, FTC, Democratic, Amazon.com, Albertsons, Republican, Thomson Locations: Russell, Washington , U.S, Virginia, Utah

☆ As Rite Aid's bankruptcy shutters drugstores, these retailers will benefit
▼ + stars: | 2023-10-18 | by ( Pia Singh | ) www.cnbc.com time to read: +7 min

Rite Aid's bankruptcy is likely to be a bigger boost to retailers such as Walmart and Costco than it will be to other drugstore chains, according to UBS. And as drugstore closures accelerate, dollar stores may be able to scoop up some of the abandoned locations. Discount chains Dollar Tree and Dollar General could also benefit from drugstore closures. Dollar stores, in particular, could also expand into store fronts once operated by drugstore chains. For dollar stores, the real advantage will be the real estate left behind.

Persons: Michael Lasser, it's, Lasser, Stephen Buschbom, Buschbom, Gordon Haskett, we've Organizations: Walmart, Costco, UBS, Rite Aid, CVS Health, Walgreens, CVS, Kroger, Target, KR, Wall Street, FactSet, Albertsons, HSBC Locations: U.S

☆ The rise and fall of pharma bigwig Rite Aid, which couldn't keep up with rivals Walgreen and CVS
▼ + stars: | 2023-10-16 | by ( Nidhi Pandurangi | Grace Dean | ) www.businessinsider.com time to read: +5 min

Rite Aid filed for voluntary Chapter 11 bankruptcy on Sunday following slumping sales and a series of lawsuits. Rite Aid, which has over 47,000 employees, has struggled in recent years to compete against larger peers like CVS and Walgreens Boots Alliance, as well as Amazon. Rite Aid has faced growing competition from direct-to-consumer pharmacy startups as well as medication deliveries from the likes of Amazon and Uber. Rite Aid also experienced supply chain challenges after changing supplier for many of its perishable consumer goods and shrink "continued to be a significant headwind," Burr said. Representatives for Rite Aid did not immediately respond for Insider's request for further comment beyond sending statements about Stein's appointment and its Chapter 11 bankruptcy filing.

Persons: it's, —, Jeffrey S, Stein, Elizabeth Burr, Heyward Donigan, Donigan, Burr, there'd Organizations: Service, Rite, Walgreens Boots Alliance, Rite Aid, pharma, Aid, Discount, Rite Aid Corporation, PayLess, Walgreens, Albertsons, New York Times Locations: New Jersey, Scranton , Pennsylvania

[1/2] The Kroger supermarket chain's headquarters is shown in Cincinnati, Ohio, U.S., June 28, 2018. Bonta said the decision has not been made, but added: "Right now there's not a lot of reason not to sue." In September, the companies announced a plan to sell more than 400 grocery stores to C&S Wholesale Grocers in an effort to get regulatory approval for the deal. A Kroger spokesperson said only non-unionized retailers, like Walmart and Amazon, will benefit if the merger is blocked. Research from the University of Southern California in 2021 found one in three neighborhoods in 30 populous U.S. cities had inadequate access to needed pharmacy services.

Persons: Lisa Baertlein, Rob Bonta, Bonta, Lina Khan, Diane Bartz, Leslie Adler, Bill Berkrot, Aurora Ellis Organizations: Kroger, REUTERS, Rights, Albertsons, S Wholesale Grocers, Walmart, U.S, Water Watch, Federal Trade, FTC, University of Southern, Thomson Locations: Cincinnati , Ohio, U.S, California, America, Food, Washington, University of Southern California

The business works with more than 300 family farms across the country, and can process up to six million eggs per day. Vital Farms eggs can cost anywhere from $6 to $10 per dozen, multiple times the national average. From Whole Foods to 24,000 storesIt took two years for Vital Farms to turn its first operating profit. Those factors are expensive, and Vital Farms has to convince farmers that the costs are worthwhile. Vital Farms can process up to 6 million eggs per day at the brand's central processing facility in Missouri.

Persons: Matt O'Hayer, he's, O'Hayer, John Mackey, Mackey, It's, Russell Diez, Canseco, Diez, — Organizations: Vital, Rhode, CNBC, Foods, Vital Farms, American Society for, Albertsons, Kroger, Walmart, Care, People, Animals, PETA, Cal, Research Locations: Austin , Texas, U.S, Houston, Austin, Midwest, Publix, Target, O'Hayer, Missouri, Maine

Arizona’s governor was out of the state for a day this week, prompting false claims that she’d abruptly resigned or vanished entirely. The Democrat, who has been the target of misinformation since taking office this year, was out of state for meetings in Washington for a day, so the state treasurer briefly served as acting governor. Political Cartoons View All 1190 Images“She has now stepped down as Arizona governor, and it’s raising questions,” claimed one Facebook user in a widely shared video posted on Thursday. “Republican State Treasurer Kimberly Yee is currently the Acting Governor,” wrote another user on X, the social media platform formerly known as Twitter on Wednesday. The usually unremarkable handover gained attention when Yee released a statement Wednesday acknowledging she’d be serving as acting governor from that evening through Thursday morning.

Persons: she’d, Katie Hobbs, Hobbs, Joe Biden, ”, Kimberly Yee, “, Christian Slater, Yee, hasn’t, Slater, Alejandro Mayorkas, Sen, John McCain, Adrian Fontes, Kyrsten Sinema, Paul Smith, Leonard, Kris Mayes, Richie Taylor, baselessly, ” Slater Organizations: Arizona, Democrat, “ Republican, Twitter, Democratic, Republican, U.S . Homeland, Tempe Center, Arts, of Regents, U.S, Sen, Infrastructure Security Agency, White House, Drug, Agency, U.S . Department of Agriculture, Kroger Locations: Washington, Arizona, U.S, Flagstaff

☆ WATCH: As the retail media industry booms, experts say data collaboration and technology will be the proving ground for success for advertisers
▼ + stars: | 2023-09-25 | by ( Ashley Davis | ) www.businessinsider.com time to read: +8 min

Three retail media experts discuss the unique advantages and challenges of this evolving market. The conversation was part of Insider's event, "A New Era of Retail Media," which took place on Tuesday, September 19. At a recent event hosted by Insider and presented by Snowflake, retail experts shared insights into how retail media is changing the advertising industry. Argyilan added that retail media is quickly gaining in popularity because of opportunities that didn't exist in other channels previously. But retail media is providing advertisers with opportunities to get more creative than the standard ad banner featuring a product.

Persons: Lauren Johnson, Kristi Argyilan, Glen Conybeare, Erin Foxworthy, Conybeare, that's, Argyilan, Foxworthy, That's, It's, it's Organizations: Retail Media, Service, Retail, Albertsons Media, IPG Media Brands, Snowflake Inc Locations: Wall, Silicon, Snowflake

☆ 'Shark Tank' investor Kevin O'Leary likely made over 20 times his money on a startup selling genetic-testing kits for cats
▼ + stars: | 2023-09-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Kevin O'Leary probably made over 20 times his money from one "Shark Tank" investment. The celebrity investor backed Basepaws, a startup selling at-home genetic tests for cats, when it was pitched on "Shark Tank" in 2019. O'Leary said on "The Daniel Mac Show" earlier this year that among his "Shark Tank" investments, Basepaws was his biggest winner in percentage terms. If O'Leary paid $125,000 for a 5% stake, he would have made about $2.4 million or 20 times his money, ignoring any dilution. "She's so good at promoting her products, she has built that business 10-fold since 'Shark Tank.'"

Persons: Kevin O'Leary, Basepaws, Zoetis, O'Leary, Anna Skaya, Robert Herjavec, Daniel Mac, —, Zoetis didn't, Anna Organizations: Service, Basepaws, Albertsons Locations: Basepaws, Wall, Silicon

☆ New Covid boosters could reach Americans as soon as Thursday – here's what you need to know
▼ + stars: | 2023-09-13 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +9 min

Brian Cassella | Tribune News Service | Getty ImagesA new round of Covid vaccines is finally here in the U.S. Meanwhile, the FDA is still reviewing a third updated vaccine from Novavax for people ages 12 and up. Here's everything you need to know about the updated Covid vaccines, from where to find them, whether you can get them for free and when to get them. The agency's website outlines more specific guidelines for staying up to date on Covid vaccines, which differ depending on age group and risk level. Kroger Americans will soon be able to use the federal website vaccines.gov to find other locations offering the updated Covid shots, according to a CDC spokesperson.

Persons: Brian Cassella, Covid, Biden, Megan Wallace, they've, Brian Snyder, vaccines.gov, Evelyn Twentyman, Will, Moderna's, Twentyman, Taison Bell, Bell, CDC's Wallace, Wallace Organizations: Pfizer, Tribune, Service, U.S, The, Disease Control, Moderna, Food and Drug Administration, CDC, FDA, Walgreens, CNBC, WALGREENS, CVS Albertsons, Kroger, Manufacturers, CVS, University of Virginia Health, Younger Locations: Chatham , Illinois, U.S, Covid, Somerville , Massachusetts

Stock prices were mostly higher in Asia on Monday as investors awaited an update on U.S. inflation and China’s latest economic data. The futures for the S&P 500 and Dow were trading higher. That could lead the Federal Reserve and other central banks to keep interest rates higher for longer, which would hurt prices for shares and other investments. On Friday, stocks edged higher on Wall Street, but markets still ended their first losing week in the last three. High interest rates are supposed to slow the economy and hurt the job market, which should ultimately help undercut inflation.

Persons: Zichun Huang, Hong, Hang Seng, Australia's, Kroger, ” Stephen Innes, Brent, Kazuo Ueda Organizations: Dow, Federal Reserve, Economics, Nikkei, U.S, Labor, Dow Jones, Nasdaq, Albertsons, Treasury, Management, New York Mercantile Exchange, Bank of Japan Gov Locations: Asia, Hong Kong, Tokyo, Shanghai, Sydney, Seoul, China

☆ Kroger’s Case for Bagging Albertsons Grows Stronger
▼ + stars: | 2023-09-08 | by ( Jinjoo Lee | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/retail/krogers-case-for-bagging-albertsons-grows-stronger-b5aa5520

Persons: Dow Jones Organizations: albertsons

☆ Kroger settles opioid case, posts net loss on related charge
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

Kroger logo is displayed in this illustration taken September 5, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSept 8 (Reuters) - Kroger (KR.N) reported a quarterly net loss on Friday as the U.S. retailer took a $1.4 billion charge related to a nationwide opioid settlement, sending its shares down as much as 3% in premarket trading. Shares of the supermarket chain, which is merging with smaller rival Albertsons (ACI.N) in a $25-billion deal, were down 1.8% in premarket trade, after its quarterly same-store sales missed market expectations. The Cincinnati, Ohio-based company posted a 1% rise in same-store sales for the second quarter. Reporting by Juveria Tabassum and Savyata Mishra; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Juveria Tabassum, Savyata Mishra, Pooja Desai Organizations: Kroger, REUTERS, Albertsons, Walmart, Thomson Locations: U.S, Cincinnati , Ohio

☆ Kroger Agrees to Pay $1.2 Billion to Settle Opioid Claims
▼ + stars: | 2023-09-08 | by ( Rebecca Robbins | More About Rebecca Robbins | ) www.nytimes.com time to read: +2 min

Background: Pharmacy chains have been settling opioid claims. Three large pharmacy chains that compete with Kroger — Walgreens, CVS Health and Walmart — reached similar settlements last year totaling about $13 billion. The claims against Kroger and its competitors have focused on the role of their pharmacies in flooding communities with legal painkillers. Why It Matters: Opioid settlement money is funding recovery efforts. Kroger said on Friday that the opioid settlement agreement would not impede the merger.

Persons: Kroger, Walmart —, overprescribing, Josh Stein, ”, Harris, Jan Hoffman Organizations: Kroger, Walgreens, CVS Health, Walmart, Rite, Albertsons Locations: Washington State, West Virginia, North Carolina

All fuel centers and pharmacies associated with the divested stores will remain with the stores and continue to operate. Kroger, based in Cincinnati, Ohio, bid $20 billion for Albertsons. C&S, which was founded in 1918, is a supplier to independent grocery stores, supplying more than 7,500 independent supermarkets, retail chain stores and military bases. It currently runs Grand Union grocery stores and Piggly Wiggly franchise and corporate-owned stores in the Midwest and Carolinas. Shares of Kroger Co., based in Ohio, rose 5% Thursday and Albertsons Cos., based in Idaho, rose 3%.

Persons: Debi Lilly Design, Primo Taglio, Kroger, ” Kroger, Rodney McMullen Organizations: Kroger, Albertsons, S Wholesale Grocers, Waterfront Bistro, Walmart, Amazon, Aldi, Winn, Dixie, Federal Trade Commission, Union, Kroger Co, Albertsons Cos Locations: Cincinnati , Ohio, Midwest, Carolinas, Ohio, Idaho

One of the nation's largest grocery chains is the latest company to agree to settle lawsuits over the U.S. opioid crisis. In a deal announced Friday, the Kroger Co. would pay up to $1.4 billion over 11 years. Kroger currently has stores in 35 states — virtually everywhere save the Northeast, the northern plains and Hawaii. Over the past eight years, prescription drug manufacturers, wholesalers, consultants and pharmacies have proposed or finalized opioid settlements totaling more than $50 billion, including at least 12 others worth more than $1 billion. “Kroger has long served as a leader in combatting opioid abuse and remains committed to patient safety,” the company said.

Persons: Kroger, —, Jayne Conroy, ”, overprescribing, Conroy, “ Kroger, OptumRx Organizations: Kroger, U.S, Supreme, Purdue Pharma, Associated Press, Albertsons, Pharmacy Locations: Hawaii, New Mexico, West Virginia, U.S

☆ Kroger and Albertsons sell 400 stores to Piggly Wiggly’s parent company
▼ + stars: | 2023-09-08 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —Kroger and Albertsons are selling roughly 400 stores to Piggly Wiggly’s parent company in an attempt to win antitrust approval for the mega merger between the grocery stores. C&S, a privately held company, operates 500 grocery stores under the Piggly Wiggly and Grand Union banners and is also a major grocery wholesaler. On Friday, Kroger reported $33.85 billion in revenue for the second quarter, slightly under analyst estimates of $34.63 billion. Company executives said part of the quarterly loss related to economic headwinds, organized retail theft and opioid settlement payments. The largest to date is a $26 billion settlement involving several companies that began paying out last year and continues for 18 years.

Persons: New York CNN —, ” Kroger, ”, Mark McGowan, Kroger Organizations: New, New York CNN, New York CNN — Kroger, Albertsons, S Wholesale Grocers, Union, Walmart, Costco, Aldi, ., Kroger Locations: New York, Arizona , California, Colorado, Wyoming, Amazon, Aldi, Dixie, ” State

☆ Stocks making the biggest moves midday: Kroger, DocuSign, Planet Labs, First Solar and more
▼ + stars: | 2023-09-08 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Kroger earned an adjusted 96 cents per share, beating an LSEG estimate of 91 cents per share. Planet Labs lost an adjusted 14 cents per share on revenue of $53.8 million. Analysts polled by LSEG expected a loss of 8 cents per share on revenue of $54.1 million. DocuSign reported an adjusted 72 cents per share and $688 million in revenue, while analysts polled by LSEG forecast an adjusted 66 cents and $678 million, respectively. First Solar — Shares of the solar panel maker gained 1.4% after Deutsche Bank upgraded the First Solar to buy from hold, citing the company's strong ongoing demand.

Persons: Victor Coleman, Kroger, LSEG, DocuSign, Davidson, Gary Friedman, Gilead, — CNBC's Pia Singh Organizations: Kroger Co, Albertsons Cos Inc, New York Stock Exchange, Hudson Pacific Properties, Hollywood, Avid, Labs, Planet Labs, LSEG, Deutsche Bank, Gilead Sciences, Bank of America Locations: New York City, California

☆ Slowing inflation is dragging on Kroger sales, even as consumers still feel a pinch
▼ + stars: | 2023-09-08 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

But it has created risk that customers could turn to retailers known for lower food prices, such as Walmart, Aldi or Dollar General . Kroger reaffirmed its full-year guidance, saying it expects identical sales excluding fuel to range between 1% and 2%. In an earnings release, he said the grocer expects inflation to "continue to decelerate" and expects a tougher backdrop for consumers in the months ahead. Kroger CEO Rodney McMullen said on an earnings call that slowing inflation could lift sales in another way. He said Kroger has stepped up security and added new tech to try to fight crime, but said Kroger expects the theft trends "will continue to be a challenge for the remainder of the year."

Persons: Kroger, Fred Meyer, Ralphs, King Soopers, Gary Millerchip, Rodney McMullen, McMullen, Millerchip Organizations: Kroger, LSEG, Target, Walmart, Aldi, Express, U.S . Bureau of Labor Statistics, Albertsons, S Wholesale Grocers, Grand Union Locations: U.S, Florida, Washington ,

☆ 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

The deal would give privately held C&S, primarily a supplier rather than an operator of grocery stores, a much more significant footprint. The stores that Kroger and Albertsons plan to shed are primarily in the Pacific Northwest and the Mountain states, along with some in California, Texas, Illinois, and the East Coast, the sources said. Bloomberg News reported about the talks between C&S, Kroger and Albertsons on Monday, as well as SoftBank's involvement but gave no information about the deal terms. Previously, Kroger and Albertsons said they may divest between 100 and 375 stores by placing them in a new company that Albertsons shareholders would own. In a regulatory filing Kroger said the upper limit for divestitures was 650 stores.

Persons: Rick Cohen, Cohen, SoftBank, Kroger, Ahold, Anirban Sen, Abigail Summerville, Juby Babu, Sherry Jacob, Phillips, Rashmi Aich, David Gregorio Our Organizations: Kroger, Albertsons Cos Inc, S Wholesale Grocers, Grand Union, Piggly, SoftBank Group Corp, Symbotic Inc, Albertsons, Bloomberg News, Thomson, & $ Locations: Pacific Northwest, California , Texas , Illinois, East Coast, New York, Bengaluru

☆ Self checkout could be making Americans lonelier
▼ + stars: | 2023-08-29 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Self checkout might be making Americans lonelier. Most customers prefer self checkout. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyAdvertisementAdvertisementAmericans are lonelier than ever, and self checkout could be part of the problem. The option was especially popular with Gen Z respondents, 84% of whom said they prefer self-checkout. Self checkout is just one of many potential drivers of loneliness in the US.

Persons: it's, PlayUSA, Gen, Darryl Jones, he's, Jones Organizations: Service, Los Angeles Times, US, Kroger, Amazon, Albertsons, Times Locations: Wall, Silicon, PlayUSA, Tennessee, Southern California

☆ 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

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