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☆ Amazon and Roomba maker call off acquisition deal, iRobot lays off staff instead
▼ + stars: | 2024-01-29 | by ( Jennifer Korn | ) edition.cnn.com time to read: +4 min

CNN —Amazon and iRobot, the maker of the popular Roomba vacuum, mutually called off their estimated $1.7 billion acquisition deal Monday, citing numerous regulatory hurdles. Amazon (AMZN), which was up about 0.5% in noon trading, will pay iRobot a previously agreed-upon $94 million cancellation fee. IRobot said the restructuring plan, impacting around 350 employees, is intended to save the company up to $150 million. In November, the European Commission said the deal could hamper competition in the robot vacuum sector. Earlier this month, the Wall Street Journal reported that the European Commission planned to block the deal.

Persons: iRobot, Colin Angle, Glen Weinstein, IRobot, “, ” Andrew Miller, iRobot’s, ” David Zapolsky, Lina Khan, ”, Meta Organizations: CNN, European, Federal Trade, European Union, European Commission, Wall Street Journal, Amazon, Federal Trade Commission, Commission, Amazon . Tech, Adobe, EU, UK, Nvidia, UK’s Competition, Markets Authority, Activision Blizzard, CMA Locations: Europe

☆ FTC Chair Lina Khan on scrutinizing Big Tech AI deals: The goal here is to look 'under the hood'
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFTC Chair Lina Khan on scrutinizing Big Tech AI deals: The goal here is to look 'under the hood'FTC Chair Lina Khan joins 'Squawk Box' to discuss the why the agency is scrutinizing recent deals made between Big Tech giants and artificial intelligence companies, the impact on competition, and more.

Persons: Lina Khan Organizations: scrutinizing Big Tech, Big Tech

☆ The NSA buys Americans’ internet data, newly released documents show
▼ + stars: | 2024-01-26 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

Washington CNN —The National Security Agency has been buying Americans’ web browsing data from commercial data brokers without warrants, intelligence officials disclosed in documents made public by a US senator Thursday. The purchases involve what Nakasone described as netflow data, or the technical information generated by devices as they use the internet. Nakasone added that the NSA does not purchase cellphone location data of Americans or location data generated by automotive infotainment systems in the United States. “NSA purchases commercially available Netflow data for its cybersecurity mission, to include but not limited to inform the Agency’s collection, analysis, and dissemination of cyber threat intelligence,” an NSA official said. As part of Thursday’s announcement, Wyden wrote a letter to the Biden administration urging it to stop the warrantless surveillance of Americans through the purchases of internet data.

Persons: Oregon Democratic Sen, Ron Wyden, Biden, ”, Paul Nakasone, Wyden, Nakasone, “, Ronald Moultrie, Allison Nixon, ” Nixon, Timothy Haugh, ” Wyden, Avril Haines, Haines, Lina Khan, CNN’s Sean Lyngaas Organizations: Washington CNN, National Security Agency, Oregon Democratic, Pentagon, CNN, The New York Times, NSA, Defense Department, cyberattacks, Defense Intelligence Agency, Federal Trade Commission, InMarket Media, FTC Locations: Oregon, United States, U.S

☆ FTC launches AI inquiry into Amazon, Alphabet, Microsoft, looking at 'investments and partnerships'
▼ + stars: | 2024-01-25 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

WASHINGTON, DC - OCTOBER 4: Federal Trade Commission Chair Lina Khan speaks during a discussion on antitrust reforms at the Brookings Institution October 4, 2023 in Washington, DC. Khan assumed the role of FTC chair in June 2021 after being appointed by U.S. President Joe Biden and confirmed by the Senate. (Photo by Drew Angerer/Getty Images)The Federal Trade Commission said Thursday it will conduct an extensive study on the artificial intelligence field's biggest heavyweights, including Amazon , Alphabet , Microsoft , Anthropic and OpenAI. FTC Chair Lina Khan announced the inquiry during the agency's tech summit on AI, describing it as a "market inquiry into the investments and partnerships being formed between AI developers and major cloud service providers." "At the FTC, the rapid development and deployment of AI is informing our work across the agency," Khan said.

Persons: Lina Khan, Khan, Joe Biden, Drew Angerer Organizations: Federal Trade, Brookings, U.S, Senate, Federal Trade Commission, Microsoft, FTC, Apple, Facebook, Amazon Locations: WASHINGTON, DC, Washington , DC

Political Cartoons View All 253 ImagesMicrosoft’s years-long relationship with OpenAI is the best known of the partnerships. Google and Amazon have more recently made multibillion-dollar deals with Anthropic, another San Francisco-based AI startup formed by former leaders at OpenAI. The European Union and the United Kingdom have already signaled that they might also scrutinize the relationship with Microsoft and OpenAI. Antitrust advocates welcomed the actions from both the FTC and Europe into the deals that some have derided as quasi-mergers. The companies have 45 days to provide information to the FTC that includes their partnership agreements and the strategic rationale behind them.

Persons: OpenAI, ”, Lina Khan, Khan, Microsoft didn't, Matt Stoller, Satya Nadella, Kara Swisher, Sam Altman, Nadella, “, ” Nadella, Altman’s, It’s, They’re, Kelvin Chan Organizations: Google, Microsoft, U.S . Federal Trade Commission, FTC, Anthropic, OpenAI, European Union, Antitrust, Big Tech, American Economic Liberties, “, Intel, Bloomberg, Economic Locations: San Francisco, United Kingdom, Europe, OpenAI, Davos, Redmond , Washington, Iowa, Switzerland, London

☆ Feds crack down hard on selling of personal data without consent
▼ + stars: | 2024-01-19 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

CNN —The US government is coming down hard on a data broker accused of selling consumers’ detailed location histories without their consent, highlighting privacy regulators’ growing focus on a sensitive and revealing form of personal information. But InMarket never got those people’s informed consent before using that data for advertising, according to the FTC. In addition to banning InMarket from selling or licensing the data, it also forced the company to either delete all of its previously collected location data or to take steps to anonymize it. Policy experts have highlighted the potential for location data to reveal whether a person has sought certain medical care. “All too often, Americans are tracked by serial data hoarders that endlessly vacuum up and use personal information,” FTC Chair Lina Khan said in a statement on the InMarket settlement.

Persons: InMarket, ”, ” InMarket, “, Roe, Wade, Thursday’s, —, Lina Khan, “ We’ll Organizations: CNN, Federal Trade Commission, InMarket Media, FTC, Google Locations: Texas

☆ Apple antitrust suit could reportedly come as soon as March
▼ + stars: | 2024-01-17 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

The Department of Justice is readying an antitrust case against Apple that could come as soon as March, Bloomberg reported Tuesday, pending signoff from senior officials within the DOJ's antitrust division. DOJ and Apple attorneys have met three times over a potential suit, Bloomberg reported, citing people familiar with the matter. Music streaming platform Spotify lodged a competition complaint with European Union in 2019, alleging that Apple's then-mandatory in-app payments system violated antitrust law. Apple has also been mired in civil litigation filed by Fortnite maker Epic Games, hinging on whether Apple's App Store rules violated federal antitrust statues. A federal judge concluded in 2021 that Apple violated a California law but did not run afoul of federal antitrust statues.

Persons: Tim Cook, Donald Trump, Jonathan Kanter, Lina Khan, Apple's, Apple Organizations: Apple, American Workforce Policy, White, The, Justice, Bloomberg, DOJ, DOJ Antitrust, Federal Trade Commission, Google, FTC, Amazon, Meta, Spotify, European Union, Epic, Circuit Locations: Washington , DC, California

☆ Will 2024 bring good tidings to media and telecom companies? That's unlikely
▼ + stars: | 2023-12-19 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

Still, legacy media companies including Disney, Paramount Global, Warner Bros. Since the "Great Netflix Correction" of 2022, there isn't a unifying growth narrative for media and entertainment companies. Disney, Paramount Global and NBCUniversal have all pegged 2025 as their flagship streaming services' first full year of profitability. Beyond financial metrics, several executives privately acknowledged morale has become an increasing concern at legacy media companies. One executive noted he's increasingly hearing from peers that running media and entertainment companies just isn't as fun as it was five or 10 years ago.

Persons: Corey Martin, Granderson Des Rochers, Martin, Jerome Powell, Liu Jie, Shari Redstone, David A, CNBC Shari Redstone, Biden, Sinclair, Lina Khan, Joe Biden, Khan, There's, John Harrison, Brian Roberts, Drew Angerer, Donald Trump, Trump, David Zaslav, Michael M, Disney, Nelson Peltz, Jay Rasulo, Bob Iger, he's, LightShed's Rich Greenfield Organizations: Universal Studios, Warner Bros . Discovery, Disney, Paramount Global, Comcast, Granderson, U.S, Federal, Washington , D.C, Xinhua News Agency, Getty, Treasury, Federal Reserve, Allen, Co . Media, Technology Conference, Grogan, CNBC, Trump, Nexstar, Gray Television, Federal Trade, Verizon, Mobile, NBCUniversal, CBS, NBC, EY, Allen & Company Sun Valley Conference, Trump's Department, Justice, Time Warner, Republican, Democratic, Netflix, Cable, Warner Bros, New York Times, Santiago, Getty Images Media, Management, Paramount Locations: Washington ,, United States, Sun Valley , Idaho, Tegna, Europe, U.S, EY Americas, New York City

Read previewThe firing and rehiring of OpenAI CEO Sam Altman has undone months of effort by Microsoft to avoid antitrust regulators probing its massive investment in the startup. It's tough to keep a huge business partnership like this out of what can be intense scrutiny from antitrust regulators. Nadella agreed to give Altman and Brockman their own research arm at Microsoft, if he couldn't negotiate their return to OpenAI. Another interpretation is that Microsoft is keen to show antitrust regulators that OpenAI is an independent company, and not controlled by the software giant. AdvertisementDo you work for OpenAI or Microsoft, or are you someone with a tip or insight to share?

Persons: —, Sam Altman, Lina Khan, OpenAI, Altman, Satya Nadella, Kevin Scott didn't, Kevin, Satya, Microsoft's, Brad Smith, Frank Shaw, Sam, Nadella, Altman's, Greg Brockman, Brockman, Amy Hood, ChatGPT, doesn't, Kali Hays, Ashley Stewart, Darius Rafieyan Organizations: Service, Microsoft, Business, FTC, OpenAI, Activision, Blizzard, Markets, Bloomberg, Chief Locations: OpenAI, khays@insider.com, astewart@insider.com

☆ Google could delete your old Gmail account as soon as Friday
▼ + stars: | 2023-11-30 | by ( Melina Khan | ) www.cnbc.com time to read: +1 min

Google will begin deleting inactive Gmail accounts as soon as Friday under a new security policy. If you have a Google account that you haven't used in a while, here's what to know to make sure your information isn't affected. In May, the tech giant announced that it will delete Google accounts that haven't been used in the last two years, along with emails, photos and other data stored in the account. To make an old account active, all you have to do is sign into it. Google said the new policy is an effort to protect user security, because inactive accounts are more likely to be compromised.

Persons: haven't Organizations: Google

☆ Jim Cramer blasts the prospect of a Humana-Cigna deal — it could never be approved by regulators
▼ + stars: | 2023-11-30 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +3 min

That's a major reason why we took a stake in the company in April 2022 and a key growth area for the health insurance industry overall. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Cigna, I've, Jim, It's, That's, Joe Biden, Biden, Lina Khan, Jim Cramer's, Ty Wright Organizations: Street, Humana, Express, Aetna, CVS Health, Cigna, Federal Trade Commission, Justice Department, FTC, CNBC, Bloomberg, Getty Locations: U.S, Louisville , Kentucky

In the 2019 agreement, Facebook, which became Meta in 2021, was required to pay $5 billion for violating an earlier agreement. The company filed a separate appeal against Judge Timothy Kelly's ruling this week that it should be an FTC judge, not a district judge, who decides that case. This new lawsuit, filed late on Wednesday, argues that it is unconstitutional for the FTC to unilaterally tighten an existing consent agreement. The Meta complaints focus on the agency's dual role of prosecuting a matter before an FTC judge. Once the FTC judge makes a decision it is the commission which votes on whether to accept it.

Persons: Yuri Gripas, Judge Timothy Kelly's, Lina Khan, Rebecca Slaughter, Alvaro Bedoya, Meta, Diane Bartz, Nick Zieminski Organizations: Federal Trade Commission, Facebook Inc, Headquarters, REUTERS, Rights, Facebook, U.S . Federal Trade Commission, Meta, FTC, Big Tech, Democratic, Thomson Locations: Washington , U.S

This year’s DealBook Summit will include conversations with global leaders and powerful figures from Wall Street, Silicon Valley and Hollywood. Jamie Dimon has been the chief executive of JPMorgan Chase since 2006 and its chairman since 2007, making him one of Wall Street’s longest-serving banking leaders. Bob Iger returned as Disney’s chief executive last year, after stepping down from the role in 2020. David Zaslav orchestrated Discovery’s takeover of WarnerMedia and became the chief executive of the new company, Warner Bros. The transaction helped transform his modest cable television company into an empire that includes the Warner Bros. movie and TV studios, HBO and CNN.

Persons: Andrew Ross Sorkin, Kamala Harris, Ms, Harris, Biden’s, Tsai Ing, Tsai, Elon Musk, Musk, Jamie Dimon, Jensen Huang, chipmaker, Bob Iger, Long, Iger, Lina Khan, Khan, ”, David Zaslav, Jay Monahan, LIV Golf, Monahan, Kevin McCarthy, Mr, McCarthy, Shonda Rhimes, Rhimes Organizations: Wall, Israel, Elon, SpaceX, JPMorgan Chase, First, Nvidia, Fox, Marvel, Pixar, Hollywood, ESPN, Federal Trade Commission, Columbia Law, WarnerMedia, Warner Bros, HBO, CNN, Republican, Republican Party, Shondaland, Netflix Locations: Silicon Valley, Hollywood, United States, California, San Francisco, Gaza, Taiwan, China, First Republic, Saudi

☆ An investing legend dies
▼ + stars: | 2023-11-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

AdvertisementIn today's big story, we're looking back on the life of investing legend Charlie Munger. What's on deck:But first, remembering Charlie Munger. AdvertisementCharlie Munger, the billionaire investing legend who led Berkshire Hathaway alongside Warren Buffett, died Tuesday at age 99. Despite being overshadowed by Buffett, Munger wasn't afraid to share his opinion. Speakers include Vice President Kamala Harris, President of Taiwan Tsai Ing-wen, Elon Musk, Bob Iger, Jamie Dimon, Lina Khan, Shonda Rhimes, and other major execs.

Persons: Charlie Munger, Charlie Munger Johannes Eisele, Berkshire Hathaway, Warren Buffett, Munger, I'm, Buffett, Munger's, they'd, Charles Platiau, Frederic J . Brown, Chelsea Jia Feng, Wall, Peacock, Kamala Harris, Taiwan Tsai Ing, Elon Musk, Bob Iger, Jamie Dimon, Lina Khan, Shonda Rhimes, Costco Monica Humphries, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Getty, Berkshire, Berkshire Hathaway, SevenSix Agency, Delta Air Lines, Toyota, Gucci, Google, Wall, Rockefeller, NBC, The New York Times, Taiwan, Costco Locations: Wisconsin, What's, AFP, California, Omaha, Omaha , Nebraska, Berkshire, Charles, Kensington, Chelsea, New York City, San Diego, London, New York

☆ Jim Cramer looks at why Eli Lilly is the 'only drug stock that’s working' right now
▼ + stars: | 2023-11-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Elsewhere, Jim Cramer called biopharma stock Eli Lilly (LLY) "the only drug stock that's working" in a competitive health care field. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Locker, Mary Dillon's, Eli Lilly, Lilly, bode, Jim, FTC's Lina Khan, Jim Cramer's Organizations: CNBC, Meta, Club, UnitedHealth, FTC, Jim Cramer's Charitable

The lineup for DealBook Summit 2023On Wednesday, DealBook will be live and in person at our annual summit in New York. The DealBook team and reporters from The Times will be reporting live from the conference. Even if you are not with us, you can follow along here beginning at 8:30 a.m. Eastern. Here are the speakers:Vice President Kamala HarrisElon Musk , the chairman and C.E.O. Is this a technology that will unleash a new wave of productivity, or is it a force that could do irreparable harm?

Persons: DealBook, Andrew, Kamala Harris Elon Musk, Tesla, X Tsai Ing, Taiwan Lina Khan, Jamie Dimon, JPMorgan Chase Bob Iger, Kevin McCarthy, California Jensen Huang, Nvidia David Zaslav, Jay Monahan Organizations: DealBook, The, SpaceX, Federal Trade, JPMorgan, Disney, Republican, Nvidia, Warner Bros, White House Locations: New York, Taiwan, California, Israel, China, U.S, Beijing, Washington

☆ FTC Chair Lina Khan defends her track record when it comes to blocking mergers and doesn't subscribe to Amazon Prime
▼ + stars: | 2023-11-29 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Federal Trade Commission Chair Lina Khan speaks during The New York Times annual DealBook Summit in New York City on Nov. 29, 2023. Under her leadership, Khan said the FTC has brought 11 cases against mergers, and in five instances, the companies abandoned their plans after the agency filed suit. The lawsuit was long anticipated, as Khan rose to prominence for her 2017 Yale Law Journal article, "Amazon's Antitrust Paradox." Amazon has disputed both of the FTC's lawsuits, calling them "wrong on the facts and the law." Asked why she hasn't subscribed to Prime, Khan replied, "I just haven't."

Persons: Lina Khan, Khan, would've, hasn't Organizations: Federal Trade, New York Times, The New York Times, Summit, FTC, Facebook, Microsoft, Activision, Amazon, Yale, Amazon's, CNBC PRO Locations: New York City

☆ Uber to offer service in London's famous black cabs
▼ + stars: | 2023-11-28 | by ( Melina Khan | ) www.cnbc.com time to read: +1 min

London's famous black cabs will soon be available to ride through Uber , the ride-sharing company announced Tuesday. London's taxi drivers will be able to sign up for trip referrals through Uber starting Wednesday, and the service will go into effect in 2024. The news follows Uber's expansions into taxi offerings in Paris, Los Angeles and other major cities. More recently, in May, Uber partnered with Waymo to bring autonomous ride-hailing services to Phoenix, Arizona. Hackney carriages, also known as black cabs, are London's famously recognizable small black taxis.

Persons: Uber, Waymo Organizations: Uber, New York, Italy's, Taxi, CNBC PRO Locations: Paris , Los Angeles, New York City, Phoenix , Arizona, London, Hackney

☆ Chuck Schumer Doesn’t Know How Gas Prices Work
▼ + stars: | 2023-11-26 | by ( Jonathan Chanis | ) www.wsj.com time to read: +1 min

Senate Majority Leader Chuck Schumer (D., N.Y.) gives remarks at a press conference in the U.S. Capitol Building in Washington, Nov. 15. Photo: Anna Moneymaker/Getty ImagesSenate Majority Leader Chuck Schumer and 22 Democratic senators recently wrote to Federal Trade Commission Chairman Lina Khan calling for an investigation into the proposed mergers between Exxon Mobil and Pioneer Natural Resources and Chevron and Hess . The letter argues that these mergers will enable “anticompetitive coordination in the industry” and raise U.S. gasoline prices. A fair assessment of the proposed mergers and the fossil-fuel market doesn’t reveal a firm legal and economic basis to initiate antitrust enforcement proceedings against these deals. If the senators really want a competitive energy market that supplies American consumers with lower-priced fuel, they should support these mergers, not obstruct them.

Persons: Chuck Schumer, Anna Moneymaker, Lina Khan Organizations: U.S, Capitol, Getty, Democratic, Federal Trade, Exxon Mobil, Natural Resources, Chevron, Hess Locations: N.Y, Washington

☆ Broadcom closes $69 billion VMware deal after China approval
▼ + stars: | 2023-11-22 | by ( Harshita Mary Varghese | ) www.reuters.com time to read: +2 min

Broadcom Limited company logo is pictured on an office building in Rancho Bernardo, California May 12, 2016. REUTERS/Mike Blake/File Photo Acquire Licensing RightsNov 22 (Reuters) - Broadcom (AVGO.O) on Wednesday closed its $69 billion acquisition of cloud-computing firm VMware (VMW.N) after receiving regulatory approval in last major market China and ending a months-long saga. The deal, one of the biggest globally when announced in May 2022, was the latest in CEO Hock Tan's efforts to boost the chipmaker's software business. However, the transaction faced tough regulatory scrutiny across the world and the companies had delayed the closing date three times. Big Tech mergers such as Microsoft's (MSFT.O) now-closed $69 billion purchase of the "Call of Duty" publisher Activision have faced heightened regulatory pressure from the U.S. Federal Trade Commission under its Chair Lina Khan.

Persons: Mike Blake, Hock, Xi Jinping, Joe Biden, Danni Hewson, AJ Bell, Cabot Henderson, Lina Khan, Harshita Mary Varghese, Sriraj Organizations: Broadcom, REUTERS, VMware, U.S, European Commission, Marvell Technology, Markets Authority, CMA, Activision, Big Tech, U.S . Federal Trade Commission, Thomson Locations: Rancho Bernardo, California, China

☆ Cramer says mergers and acquisitions could be the ‘potential savior’ for much of the market
▼ + stars: | 2023-11-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

"Mergers and acquisitions could be the potential savior for much of this market, everything from medical devices to industrials, to retailers, aerospace, utilities, foods and drugs and so many other groups," he said. Cramer conceded that it has been a hard year for stocks other than those in the "Magnificent Seven," whose success has outshone most other sectors. Cramer said the possible solution for the rest of the market isn't necessarily about challenging the "Magnificent Seven," but changing the percentage gain of other companies. Cramer instead suggested mergers could lead to major gains in a variety of different sectors. "But given his pro-worker attitude and the fact that mergers often lead to layoffs, I doubt he'll go there.

Persons: CNBC's Jim Cramer, Cramer, he's, Joe, Biden, Lina Khan, he'll Organizations: Federal Trade Commission, Nasdaq, Meta, Microsoft, Nvidia, Tesla

☆ Biden needs to replace FTC Chair Lina Khan for the market to move higher, says Jim Cramer
▼ + stars: | 2023-11-20 | 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 EmailBiden needs to replace FTC Chair Lina Khan for the market to move higher, says Jim Cramer'Mad Money' host Jim Cramer talks the current market rally and if he sees it continuing through the end of the year.

Persons: Biden, Lina Khan, Jim Cramer

☆ The head of the FTC says she used ChatGPT to successfully contest a medical bill
▼ + stars: | 2023-11-15 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +3 min

FTC Chair Lina Khan said she's successfully used ChatGPT to contest a medical bill. AdvertisementThe head of the Federal Trade Commission recently shared that she's successfully used ChatGPT to contest a medical bill. Doctors have used ChatGPT to help communicate with patients more compassionately, with some using ChatGPT just 72 hours after it was released to the public. And plenty of Americans encounter stress while navigating situations involving their medical bills, not just the chair of the FTC. "When it comes to medical bills, Americans are often caught in a doom loop between their medical provider and insurance company," CFPB Director Rohit Chopra said in a statement last year.

Persons: Lina Khan, she's, Khan, —, Khan didn't, Rohit Chopra Organizations: Service, Federal Trade Commission, Big Tech, New York Times, FTC, Consumer Financial

☆ Cramer on why the emperor of this market has been naked long enough: Unpacking Apple, Amazon, Meta and Alphabet
▼ + stars: | 2023-11-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

You think and think and think, and you still can't believe that things changed so radically in such a short period of time. So, let's pull apart Apple, Amazon, Meta and Alphabet to try to understand how unimportant what actually happened at these companies might be. Instead, Apple stock has climbed roughly 5% since it reported quarterly results on Nov. 2. Meta stock fell to $288 a share, down from $314, in a couple of sessions just because of that line in its earnings report. But like Apple and Amazon, Meta stock stabilized and has risen more than 14% since late October.

Persons: —, Lina Khan's, let's, Khan, Apple, Jim Cramer's, Jim Cramer, Jim, Alexi Rosenfeld Organizations: Apple, U.S . Federal Trade Commission, NFL, Amazon, Web Services, Google, YouTube, Amazon Web Services, Meta, Microsoft, Federal, Treasury, Procter & Gamble, CNBC, Getty Locations: wearables, Philippines, Indonesia, Brazil, Vietnam, China, Israel, Gaza, GOOGL, New York City

Google and Character AI did not respond to requests for comment. The demographic is helping the company position itself as the purveyor of more fun personal AI companions, compared to other AI chatbots from OpenAI's ChatGPT and Google's Bard. Character.AI is also in talks to raise equity funding from venture capital investors, which could value the company at over $5 billion, sources said. The talks with Google are ongoing and terms of the deal could change, said the sources, who requested anonymity as the discussions are private. Anthropic uses Google's cloud services as well as its latest version of TPUs.

Persons: Character.AI, Noam Shazeer, Daniel De Freitas, Billie Eilish, Character.AI's, Google's Bard, Andreessen Horowitz, Lina Khan, Krystal Hu, Anna Tong, Jeffrey Dastin, Bill Berkrot Organizations: Google, Reuters, Microsoft, . Federal Trade Commission, Thomson Locations: OpenAI, ., San Francisco, New York

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