The Federal Trade Commission, joined by twenty-two state attorneys general, filed an antitrust and consumer fraud lawsuit against Amazon on Tuesday. The federal complaint alleges that Amazon defrauded approximately one point two million advertising customers by artificially inflating auction prices and misrepresenting advertising costs. FTC Chairman Andrew Ferguson stated that...
The Society of Professional Journalists has proposed its first Code of Ethics revision since 2014, responding to artificial intelligence, misinformation, changing journalism careers and declining trust. The 967-word draft keeps four principles: seek truth and report it, minimize harm, act independently, and be accountable and transparent. SPJ’s 16-member Ethics Committee...
The United States Food and Drug Administration announced two separate product recalls affecting fresh mangoes distributed by Panorama Produce and white jasmine rice distributed by Lundberg Family Farms due to potential salmonella and foreign material contamination risks. Panorama Produce recalled 302 boxes of size 9 mangoes sold at select Walmart...
SB Energy, an AI-focused power infrastructure developer backed by SoftBank, OpenAI, and Nvidia, has filed for an initial public offering with the U.S. Securities and Exchange Commission. The company plans to list on the Nasdaq under the ticker "SBE" and aims to raise $5 billion to $7 billion, targeting a...
Average United States mortgage rates climbed to six point eight seven percent for a thirty-year fixed loan, marking the highest level since June twenty twenty-five. Mortgage News Daily reported a six basis point jump on Monday, following renewed hostilities and rising oil prices stemming from conflict in the Middle East....
Ford Motor is recalling 148,663 Mustang vehicles across the United States from the 2024 through 2026 model years due to a potential loss of driver power and electrical component failures. The U.S. National Highway Traffic Safety Administration announced that faulty engine compartment wiring harness ground connections can disrupt drive power...
Global stock markets fell today as Brent crude oil prices surpassed ninety one dollars per barrel following military strikes in the Middle East. United States forces targeted Iranian infrastructure near the Strait of Hormuz after maritime navigation threats emerged. This geopolitical escalation revived severe inflation fears and intensified a global...
A federal judge has ruled that the J.M. Smucker Company can move forward with its trademark infringement lawsuit against Trader Joe's regarding popular frozen crustless peanut butter and jelly sandwiches. Smucker originally filed the legal complaint in a federal court located in Ohio, alleging that Trader Joe's knockoff items improperly...
President Donald Trump announced new agreements with nine midsize pharmaceutical firms to lower prescription costs under his international drug pricing initiative. The latest additions including Alcon, Astellas Pharma, Teva Pharmaceuticals, and UCB bring total participating companies to twenty six, covering roughly eighty nine percent of the domestic branded pharmaceutical market....
The Federal Trade Commission and 22 states sued Amazon on Monday, alleging the retailer secretly inflated prices in its digital advertising auctions. The complaint, filed in federal court in Washington state, says Amazon overcharged more than 1.2 million advertising customers for more than seven years, including more than 500,000 small...
