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The US Federal Trade Commission (FTC) has filed a lawsuit against the three largest pharmacy benefit managers (PBMs) in the country, accusing them of steering patients towards higher-priced insulins to increase profits. The PBMs named in the lawsuit are CVS Health's Caremark, Cigna's Express Scripts, and UnitedHealth Group's Optum. The FTC alleges that these PBMs engaged in unfair competition practices, leading to higher insulin prices for patients. Ohio Attorney General Dave Yost had previously sued Express Scripts and Prime Therapeutics for similar antitrust violations. [Extracted from the article]

The Confederation of All India Traders (CAIT) released a White Paper alleging unfair trade practices by quick commerce platforms like Blinkit, Instamart, and Zepto. CAIT raised concerns that these platforms are undermining India's retail economy and urged regulatory bodies to intervene. Delhivery CEO Sahil Barua stated that quick commerce platforms are impacting small retailers or kirana shops more than large e-commerce players. [Extracted from the article]

The Confederation of All India Traders (CAIT) released a White Paper alleging unfair trade practices by quick commerce companies like Blinkit, Instamart, Zepto, and Swiggy. CAIT raised concerns about these platforms undermining India's retail economy and urged regulatory bodies to intervene. In Tamil Nadu, the Chief Minister laid the foundation stone for a new Dean Shoes factory, which will create 15,000 jobs with an investment of Rs 1,000 crore. Bata India MD Gunjan Shah aims to provide affordable footwear amid rising inflation. [Extracted from the article]

The article reports on the lawsuit filed by the state government of Maine against oil and gas companies including Exxon Mobil, Shell and Chevron over the contribution of fossil fuels to climate change.

The article discusses how the modern Republican Party, under Donald Trump, is winning over minorities by focusing on economic prosperity, energy independence, border security, and community safety. The author, a black Republican elected official, shares his personal journey from homelessness to becoming an attorney and a state representative, highlighting the GOP's appeal to people looking for opportunities to work hard and achieve their dreams. The article criticizes the Democratic Party for offering grievance, victimhood, and welfare, and argues that minority communities appreciate the authenticity and focus on real issues presented by the Republican Party. [Extracted from the article]

The article discusses the tragic case of a 14-year-old boy who developed a deep emotional attachment to a chatbot named Daenerys Targaryen, leading to his suicide. The boy, who suffered from ADHD and bullying, found solace and companionship in the AI character, ultimately resulting in a fatal outcome. The story serves as a cautionary tale about the dangers of seeking artificial intimacy as a substitute for genuine human connection, highlighting the limitations of AI in providing real care and empathy. The incident has sparked discussions about implementing safeguards and educating users about the risks associated with forming intense relationships with chatbots. [Extracted from the article]

The article discusses the challenges faced by Longi, a leading Chinese solar equipment manufacturer, in the midst of a solar installation boom in China. Despite dominating the global solar business, Longi and other companies are struggling due to intense competition and plummeting prices. Longi's chairman, Zhong Baoshen, is seeking growth in the U.S. market, facing geopolitical obstacles and suspicion about China's national aims. The company's efforts to expand in the U.S. have been met with challenges, including concerns about ties to the Chinese Communist Party and unfair trade practices. [Extracted from the article]

The article discusses the impact of China's massive fishing fleet on the livelihoods of Peruvian fishermen, particularly those who rely on squid fishing off the country's Pacific coast. The Chinese industrial-scale fishing has led to a 70% decline in Peru's squid catch, causing economic hardships for local fishermen. The situation has sparked international tensions, with the U.S. and conservationists accusing China of endangering ecosystems and threatening fishing industries worldwide. Despite China's denial of responsibility, the overfishing by Chinese ships has raised concerns about the future of Peru's artisan fishermen and the sustainability of marine resources in the region. [Extracted from the article]

A new study from the Government Accountability Office (GAO) reveals that Black girls in schools are disproportionately disciplined compared to their peers. The study shows that Black girls face exclusionary discipline at rates 5.2 times higher than white girls. Efforts are being made at the local level, such as the DCPS Becoming program, to combat this issue and create a healthier learning environment. Congresswoman Ayanna Pressley plans to address this issue through the PUSHOUT Act, which aims to eliminate unfair and discriminatory discipline practices and create safe school environments for all students. [Extracted from the article]

According to an article titled "India's leather and footwear industry poised for massive job growth, says Piyush Goyal," Union Minister of Commerce & Industry Piyush Goyal has stated that India's leather and footwear industry has the potential to create 1 crore jobs, up from the current 40 lakh. Goyal emphasized the industry's capability to expand domestically and internationally, and highlighted the implementation of Quality Control Orders (QCOs) to protect the Indian footwear industry from unfair competition. In other news, Reliance Industries Ltd. reduced its workforce by 42,000, or nearly 11%, in FY24, which is attributed to a cost-efficiency drive and reduced hiring, particularly in its retail segment. [Extracted from the article]

Reliance Industries Ltd., India's largest company by market value, has reduced its workforce by 11% in FY24, resulting from cost-efficiency measures and reduced hiring, particularly in its retail segment. The company's employee strength now stands at 347,362 compared to 389,414 the previous year. However, analysts believe that as new business opportunities emerge and strategies change, the headcount may increase again. In other news, public procurement from the government-owned GeM portal has surpassed Rs 9.82 lakh crore, with the portal experiencing significant growth since its launch in 2016. [Extracted from the article]

The Department of Chemicals and Petrochemicals in India is implementing mandatory Bureau of Indian Standards (BIS) for chemicals and petrochemicals. This initiative aims to ensure that both imported and domestically produced chemicals meet strict quality standards, preventing the use of hazardous and substandard products. The enforcement of these standards is intended to protect human, animal, and plant health, ensure environmental safety, prevent unfair trade practices, and enhance national security. The Ministry of Agriculture & Farmers’ Welfare has also implemented regulations for the import, manufacture, sale, transport, distribution, and use of insecticides to prevent risks to humans and animals. Additionally, Fineotex Chemical Ltd, a manufacturer of specialty chemicals, has raised Rs 342.55 crore through the issue of equity shares and warrants on a preferential basis. [Extracted from the article]

Mayne Pharma, an Australian drugmaker, has filed a lawsuit against Sun Pharma, an Indian pharmaceutical company, for patent infringement. The lawsuit claims that Sun Pharma violated all 20 Orange Book-listed patents related to Mayne Pharma's product, IMVEXXY, which is used for menopause-related vaginal pain. Mayne Pharma filed the lawsuit after learning that Sun Pharma had submitted an Abbreviated New Drug Application (ANDA) to the US Food and Drug Administration (FDA) seeking approval to market a generic version of IMVEXXY. The Department of Chemicals and Petrochemicals in India is enforcing mandatory BIS Standards for chemicals and petrochemicals to ensure that both imported and domestically produced chemicals meet stringent quality parameters and prevent the use of hazardous and substandard products. This initiative aims to protect human, animal, and plant health, ensure environmental safety, prevent unfair trade practices, and enhance national security. [Extracted from the article]

The article reports on the concerns of the U.S. automotive industry with regard to Chinese electric vehicles (EV). Topics explored include the response of American automobile manufacturers to the tariffs imposed by U.S. President Joe Biden on EV from China, the sale of Chinese-made cars such as Polestar 2 and the Volvo S90 Recharge in the U.S., and the competition between American automobile makers such as Ford and General Motors.

The article discusses how Ola Electric Mobility's shares dropped by 6% after the Central Consumer Protection Authority (CCPA) issued a show-cause notice due to a rise in consumer complaints. The notice alleges violations of consumer rights, misleading advertisements, and unfair trade practices. This development has raised concerns about the company's practices and their impact on consumers. [Extracted from the article]

California's attorney general has filed a lawsuit against Exxon Mobil, accusing the company of misleading consumers about the recyclability of plastic products and polluting the state. The lawsuit alleges that Exxon violated California's nuisance laws, as well as laws prohibiting state water pollution, false advertising, and unfair competition. The state is seeking civil penalties, and the probe is also looking into the actions of other fossil fuel companies. Exxon Mobil has denied the allegations and stated that California should have worked with them to address the issue of plastic waste. [Extracted from the article]

Former President Donald Trump has proposed a plan to boost economic growth, reduce the federal budget deficit, ease inflation, and support struggling Americans. The plan includes making the 2017 tax cuts permanent, reducing regulations, cutting government spending, and implementing tariffs to revive American manufacturing. While economists argue for free-trade policies, the article argues that the US has a one-sided free-trade policy and that targeted tariffs are necessary to protect critical industries and address unfair trade practices. The proposed tariffs could generate significant revenue and stimulate job growth, higher wages, and economic growth. The article contrasts Trump's economic record with that of the Biden-Harris administration, highlighting wage growth, inflation rates, and the federal budget deficit. The author argues that Trump's economic plan is what the country needs to level the playing field, stimulate job growth, reduce the deficit, and lower inflation. [Extracted from the article]

The article highlights India's insistence on strict 'rules of origin' in free trade agreement (FTA) negotiations with the United Kingdom (UK) to protect its automobile sector from unfair competition. Topics discussed include the impact of the FTA on domestic manufacturing, the government's production-linked incentive (PLI) scheme, and opportunities in the electric vehicle (EV) market.

The US Federal Trade Commission (FTC) has filed a lawsuit against the three largest pharmacy benefit managers (PBMs) in the country, accusing them of steering patients towards higher-priced insulins to increase profits. The PBMs named in the lawsuit are CVS Health's Caremark, Cigna's Express Scripts, and UnitedHealth Group's Optum, along with their group purchasing organizations. The FTC alleges that the PBMs engaged in unfair competition practices, leading to higher insulin prices for patients. The lawsuit follows previous legal actions against PBMs and highlights concerns about drug pricing and access in the healthcare industry. [Extracted from the article]

The article covers a court ruling blocking the U.S. Federal Trade Commission's (FTC) planned September ban on noncompete agreements in 2024, with the judge finding that the agency lacked authority to impose such rules.

The article reports a federal judge's initial support for a legal challenge against the Federal Trade Commission's upcoming ban on noncompete agreements, granting an injunction and casting doubt on the agency's rule-making authority.

The article discusses Hindenburg Research's denial of allegations by India's securities regulator that it collaborated with a U.S. asset manager to use non-public information to establish a position against Adani Group, highlighting breaches of regulatory rules and financial implications.

The article provides a snapshot of the automobile industry, highlighting its dependence on oil prices and the use of synthetic rubber. It then focuses on a legal case involving Tesla Inc., owned by Elon Musk, and Gurugram-based company Tesla Power India Private Limited. Tesla Inc. has filed a case against Tesla Power India for trademark infringement and unfair trade practices after the latter announced its entry into the electric vehicles market. The article also mentions Jindal Stainless, an Indian stainless steel manufacturer, and its plans for expansion and acquisition to become one of the world's largest stainless steel producers. [Extracted from the article]

Myntra, the fashion and beauty arm of Flipkart, has been ordered to pay damages to two customers by the Bengaluru Urban Consumer Disputes Redressal Commission for unfair trade practices and a deficiency of service. The company was also instructed to deposit funds into the consumer welfare fund. The case involved a customer who received a gift card but found that the balance disappeared after a few transactions. In other news, Deepika Padukone's self-care brand, 82° E, has partnered with Reliance Retail's beauty platform, TIRA, to expand its reach and have an offline presence in select markets across India. [Extracted from the article]

The article discusses the filing of a Draft Red Herring Prospectus (DRHP) by Zappfresh, a meat delivery startup, with the Securities and Exchange Board of India (SEBI) to list on the BSE SME platform. The Initial Public Offering (IPO) will consist of a fresh issue of equity shares. Additionally, the article highlights Commerce and Industry Minister Piyush Goyal's statement on the government's quality control orders (QCOs), which aim to protect micro, small, and medium enterprises (MSMEs) from unfair competition and reduce the import of substandard goods. Goyal emphasizes that these orders support the MSME sector by preventing the import of low-quality goods at unfair prices. [Extracted from the article]

San Francisco has filed a lawsuit against Oakland in federal court over Oakland's plan to rename its airport as San Francisco Bay Oakland International Airport. San Francisco claims that the name change would confuse travelers and violate the trademark of San Francisco International Airport. The lawsuit argues that the proposed renaming infringes on SFO's trademark and could lead to missed flights. Oakland denies these claims and argues that the name change would help promote the airport and potentially lead to more nonstop airline routes. A final vote on the name change is expected to take place next month. [Extracted from the article]

Mobile retailers in India, represented by the All India Mobile Retailers Association (AIMRA), have accused POCO, a mobile phone brand owned by Xiaomi, of engaging in unfair trade practices that favor online sales channels. AIMRA alleges that POCO is colluding with e-commerce platforms to distribute products through unauthorized channels, bypassing legitimate distributors and evading taxes. AIMRA plans to escalate the issue to the Competition Commission of India (CCI) and the Ministry of Finance and Commerce for investigation. In a separate case, Myntra, an e-commerce business, has been ordered to pay consumer damages and deposit money into the consumer welfare fund by the Bengaluru Urban Consumer Disputes Redressal. [Extracted from the article]

The National Consumer Dispute Redressal Commission (NCDRC) has rejected the government's plea against the sale of Maggi noodles, in favor of Nestle India. The government was seeking compensation and punitive damages from Nestle for allegedly selling hazardous and defective goods. The NCDRC dismissed the complaint, stating that Nestle had not engaged in unfair trade practices. In another development, the Food Safety and Standards Authority of India (FSSAI) has advised e-commerce platforms to ensure appropriate categorization of food products sold on their websites. [Extracted from the article]

The article focuses on French Prime Minister Gabriel Attal's promises of additional aid for farmers amid ongoing protests, addressing issues such as farming subsidies, environmental regulations, and foreign competition.

The article discusses the concerns surrounding Nippon Steel's acquisition of U.S. Steel and argues that these concerns are driven by xenophobia rather than legitimate economic or national security threats. The author asserts that Nippon's steelmaking technology is on par with U.S. Steel's and that there is no evidence of unfair trade practices. The article emphasizes the importance of maintaining good relations with Japan, a major ally and investor in the U.S. The author also highlights Nippon's commitment to honoring U.S. Steel's union contract and argues that the merger will not result in monopolistic behavior. The article concludes by comparing the current situation to past acquisitions by foreign companies and suggests that fears about the deal are unwarranted. [Extracted from the article]

The article discusses the Foreign Pollution Fee Act (FPFA), a proposed bill that aims to impose tariffs on Chinese imports to address the competitive advantage gained through pollution. The author argues that China should adhere to the same environmental standards as US manufacturers to minimize the fee. The article highlights the negative consequences of lower environmental compliance costs, such as China's high greenhouse gas emissions and its use of economic growth to fund military expansion. The author also mentions the Repair Act, a judicial-reform proposal, and emphasizes the importance of deterring China's disregard for environmental norms. Another response to the article criticizes it for misdirection and defends the FPFA as a means to protect US manufacturers and workers from unfair competition. The response argues that the bill is not about energy prices but rather about defending against China's pollution-related advantages. The response also highlights the need for fair trade and the negative impact of importers gaining a cost advantage through pollution. [Extracted from the article]

The article focuses on the disruption caused by thousands of trucks at several Ukraine-Poland border crossings, blocking goods delivery to Europe as Polish truckers protest what they perceive as unfair competition from Ukrainian counterparts.

The article focuses on Senator Chuck Schumer leading a bipartisan delegation of six senators on a diplomatic visit to China, where they plan to discuss human rights violations, China's role in the fentanyl epidemic, global competition, unfair business practices, and Beijing's international role.

Byline: Daniel Boffey in Brussels A clash over EU access to British fishing waters could still sink hopes of a post-Brexit trade deal, Ursula von der Leyen has said, with [...]

The tiny republic of San Marino has provoked the ire of its neighbour Italy by allowing bars and restaurants to stay open until late, unlike those across the border. Italian [...]

Department of Justice strikes Washington's powerful justice department is the latest to announce a probe into Google on suspicion of an 'illegal monopoly.' US authorities have had the digital giant [...]

Facebook bought Instagram to 'neutralise' the rival firm's threat, it emerged yesterday as US politicians rounded on the tech chiefs in a public interrogation. US congressmen grilled the chief executives [...]

Byline: Jeffrey Kanige A Hudson County judge refused to block the sale of Bayonne Medical Center to Hudson Regional Hospital, ruling that the state Health Department must first consider the [...]

The Philippine Competition Commission (PCC) received a total of P812 billion worth of merger and acquisition transactions last year, doubling the value of MandAs filed with the antitrust body from [...]

June 23-- Jun. 23--AMMAN -- The Jordan Restaurants Association (JRA) on Sunday evening sent a letter addressed to Tourism Minister Majd Shweikeh regarding measures to fully reopen tourism restaurants and [...]

Byline: Joe Murphy Political Editor FRANCE stepped up pressure on Boris Johnson today over Brexit, saying that he will not get a trade deal unless he gives ground on the [...]

Byline: By, Tom Hopkinson Tom Cleverley reckons the Premier League's integrity will be called into question if clubs such as Watford lose big players like Troy Deeney for the run-in [...]

Byline: Jacob Mulliken May 16-- May 16--Kentucky Commissioner of Agriculture Ryan Quarles and Kentucky Attorney General Daniel Cameron have joined forces to bring transparency to the meatpacking industry. On Friday, [...]

Byline: Todd Nelson Name: Heather Kliebenstein Title: Partner, Merchant & Gould Education: B.S. environmental sciences, Iowa State University; J.D., University of Texas School of Law Merchant & Gould partner Heather [...]

Every day we are confronted with information on companies that allegedly did things wrong, from data breaches to cyber attacks, from bribing to unfair competition, from paying the wrong taxes [...]