Tag Archives: FTC

Financial Daily Dose 11.06.2019 | Top Story: Walgreens Boots Working With PE Firms to Go Private

BY: Michael D. Reif | November 6, 2019

Bloomberg is reporting that Walgreens Boots is weighing a potential deal “to take the company private in what could become the largest leveraged buyout in history.” PE firms like KKR are apparently in the mix to assist in the funding – Bloomberg and MarketWatch Meanwhile, Xerox is mulling over a “cash-stock offer for the $27 … Continue reading

Financial Daily Dose 10.3.2019 | Top Story: After WTO ruling, US Hits EU with $7.5B in Tariffs Over Airbus Subsidies

BY: Michael D. Reif | October 3, 2019

We now have a price tag on the WTO-authorized sanctions that the U.S. can impose on European goods as a result of the EU’s illegal subsidies of planemaker Airbus: $7.5 billion—the “largest authorized retaliation in the WTO’s history” – NYTimes and WSJ and Bloomberg and MarketWatch and Law360 While we’re looking to the skies, upsetting … Continue reading

Financial Daily Dose 9.26.2019 | Top Story: Juul Labs and EBay join WeWork in Replacing CEOs This Week

BY: Michael D. Reif | September 26, 2019

This week’s CEO exodus continues, with Juul Labs CEO Kevin Burns taking a hike in the midst of “public and regulatory outrage over the soaring use of teenage vaping.” Altria exec KC Crosthwaite will replace Burns. Altria, the “major tobacco company that owns a 35 percent stake in Juul,” revealed on this week that it … Continue reading

Financial Daily Dose 9.11.2019 | Top Story: Hong Kong Stock Exchange Makes Surprise Bid for London Exchange

BY: Michael D. Reif | September 11, 2019

There’s some surprise market wheeling and dealing afoot this morning. The Hong Kong stock exchange has offered to buy its London counterpart as part of a deal valued at $37 billion that would connect “the established financial markets in the West with the emerging financial markets in the East” – NYTimes and WSJ and Bloomberg … Continue reading

Financial Daily Dose 9.9.2019 | Top Story: Fed on Track to Cut Rates Again in September

BY: Michael D. Reif | September 9, 2019

Friday remarks from Fed Chair Powell in Zurich confirmed the central bank’s dedication to keeping the US economic expansion on track and appear to have signaled the Fed’s plan to cut interest rates for a second time this year – NYTimes and WSJ Last week’s jobs numbers don’t appear to significantly alter that plan – … Continue reading

Financial Daily Dose 8.30.2019 | Top Story: E-cig Company Juul Faces Federal Probes into Marketing and Health Concerns

BY: Michael D. Reif | August 30, 2019

The FTC has opened a probe into e-cigarette maker Juul’s marketing practices, including allegations that the company “used influencers and other marketing to appeal to minors” – WSJ The inquiry only adds to Juul’s federal agency concerns – Bloomberg Saudi Aramco unveiled plans on Thursday for a two-stage IPO that with debut on the Saudi … Continue reading

Financial Daily Dose 8.26.2019 | Top Story: Amgen to Pay More Than $13 Billion for Otezla

BY: Michael D. Reif | August 26, 2019

Amgen will pay $13.4 billion in cash to buy psoriasis treatment Otezla, a deal that will “pave the way for Bristol-Myers Squibb to complete its acquisition of Celgene” by addressing “regulatory concerns over their union” – WSJ Fed Chair Powell seemed to hit just about all the right notes in Jackson Hole on Friday (with … Continue reading

Financial Daily Dose 8.2.2019 | Top Story: White House Threatens More Tariffs on China

BY: Michael D. Reif | August 2, 2019

Jobs Report Friday! Some thoughts on what to look for in the numbers – Bloomberg and WSJ and NYTimes Apparently hoping to urge China off of its new go-slow tactic, the White House is applying its maximum pressure campaign again, announcing yesterday that the US will “impose a 10 percent tariff on an additional $300 … Continue reading

Financial Daily Dose 7.25.2019 | Top Story: Facebook to Add Privacy Measures Under FTC Deal

BY: Michael D. Reif | July 25, 2019

Facebook and the FTC have agreed to terms on a settlement addressing the social network’s privacy violations in recent years. Along with the previously reported $5 billion fine, the deal will require Facebook to “add new positions and practices to increase the transparency and accountability of how it treats people’s information” – NYTimes and WSJ … Continue reading

Financial Daily Dose 6.13.2019 | Top Story: Emails reveal Zuckerberg aware early of Facebook privacy concerns

BY: Michael D. Reif | June 13, 2019

A round of internal Facebook emails produced in response to an FTC probe appear to show that the company’s “potentially problematic privacy practices” had filtered their way up to the very top of the social networking site—Zuck, himself—as early as 2012, right around the time of the company’s consent decree with the FTC – WSJ … Continue reading