federal trade commission's antitrust probe into facebook.estigators are trying to determine whether the social network's purchases of companies like instagram and whatsapp were done with the intent to keep him from threatening facebook. to discuss, joining us from oakland via skype, is the former cpl of the ftc. here in the studio, kurt lackner, who of course covers facebook for us. what exactly do we know about the ftc's lines of inquiry here? >> so they are going to be looking atd all of the acquisitions facebook has made or at least some of them. there is many. there was dozens. we only know some of the big ones. of course, instagram, whatsapp. many other smaller acquisitions. what we are starting to here is they will be reaching out to people who were involved in those deals to try to get a sense for did facebook make these purchases, these acquisitions for the right reasons? and right now, that is really kind of a new element that has come up in the last couple hours. emily: facebook as you mentioned, they have acquired 90 companies ove

coming up, the federal trade commission has left facebook with the largest fine in history. but will facebook learned its lesson? we talk about it with a dissenting ftc commissioner who says the fine is not enough. and if you like bloomberg news, check us out on the radio. this is bloomberg. ♪ emily: last week, the federal trade commission formally announced the details of its settlement with facebook four years of privacy violations. as part of the settlement, facebook must submit to oversight from an independent committee as well as new privacy certifications. while the fine was largest ever andsed, many lawmakers privacy groups are arguing the company got off too easy. i talked to an ftc commissioner who voted against the government. >> i voted against the settlement because i thought, when you look at the terms taken as a whole, not just the fine at the injunctive relief, i was not convinced it would do enough to change facebook's behavior and make sure they kept their promises. emily: what would have been better? finding zuckerberg directly? directly,zuckerberg perhaps

federal trade commission formally announced the details of it $5 billion settlement with facebook forrs of privacy violations by the network. as part of the settlement, facebook must submit to oversight from an independent committee as well as new privacy certifications and assessments. but while the fine was the largest ever imposed by the ftc, many lawmakers and privacy groups are arguing the company got off too easy. i talked to u.s. ftc commissioner rebecca kelly slaughter, voted against the settlement. rebecca: i voted against the settlement because when you look at the terms taken as a whole, not just the fine, but also the injunctive relief, i was not convinced it would do enough to change facebook's behavior and make sure that in the future, they kept their promises to the ftc and to their consumers. emily: what would have been better? fining zuckerberg directly? i know you have suggested that the ftc should have sued facebook, should have sued zuckerberg perhaps personally? rebecca: realistically, you have to look at what our options were. here, it would have made a lot of se

transaction celgene was forced to unload after the federal trade commission raised antitrust concerns regarding anti-inflammatory drugs bristol myers squibb doesn't currently have a drug to treat psoriasis such as otezla but does have an experimental drug in late stages of approval to street the street the street can stick in condition and stock price spike more than $2.00 and a half percent on the news is salable tesla eclipse the want to have $1000000000.00 mark in 2018 while celgene stock price had a similar increase of 2.7 percent pushing it well above the $95.00 point. time now for a quick break but straight joan because when we return as if the climate climate couldn't get any more tricky a new threat is descending upon one of the world's favorite fruits fred kaufman author of bet the farm peels past the headlines to take a look at why banana farmers are going crazy with anxiety and as we go to break here are the market numbers at the close. one. body. the. nation you know that the community yeah. you could feel that he had a ticket. i e-mailed him with a photo of the. temple. s

this is bloomberg. ♪ emily: last week, the federal trade commission formally announced the details of$5 billion settlement with facebook for years of privacy violations. as part of the settlement, facebook must submit to oversight from an independent committee as well as new privacy certifications and assessments. but while the fine was the largest ever imposed by the ftc, many lawmakers and privacy groups are arguing the company got off too easy. u.s. f.t.c. see commissioner rebecca kelly slaughter, voted against the government. settlement. rebecca: i voted against the settlement because when you look at the terms taken as a whole, not just the fine at the injunctive relief, i was not convinced it would do enough to change facebook's behavior and make sure that in the future, they kept their promises to the f.t.c. and to their consumers. emily: what would have been better? fining zuckerberg directly, thatw you have suggested the f.t.c. should have sued facebook, should have sued zuckerberg perhaps personally? rebecca: realistically, you have to look at what our options were. here, it

day reports there was about the federal trade commission busting a credit repair service scam or if there are any explain how legitimate credit repair services operate and what these wise guys were up to. yeah the bad guys out there and they do this for all kinds you know a lot of people have have debt issues and so they want to get their credit report fixed so that they can be in a better position financially if they do need a loan but the problem is it can the kind of negative stuff can appear on your credit report for years so what they do is the the bad guys promise to remove it from your credit report and they may even give 100 percent guarantee so they guy that the f.t.c. recently brought charges against and and settled with the good way of finding out between a legitimate credit repair company and the phoneys is it is illegal for the any credit repair company to charge you in advance and so if they want an advance payment you know it's a scam otherwise there's a lot of things that you really can do for yourself in these companies often over promise but the biggest way to find the s

appropriate authorities at the federal trade commission would be making sure that the products listed there are legal and safe but you said that not only are there also listing products that have been banned by amazon onto their own private label galleries as amazon choice yes yes you know that's exactly right you've got i mean on amazon's website they've got a list of all the things that are essentially banned in the wall street journal's reporters went in there and started looking at all these different items they found some that were banned by amazon themselves and yet we're still allowed to be on the web site so it is interesting that it's essentially what the wall street journal calls and enormous flea market and that nobody's really monitoring the flea market if you will that is just a bunch of people selling things and put them up for grabs and amazon sort of backpedaling a little bit now saying well we're doing the best that we can you know this is just trying to make the distinction between somebody buying from the company and buying from another vendor do amazon but the comp

a few weeks ago, the federal trade commission announced an operation, a major crackdown against foreign and domestic defendants allegedly responsible for more than one billion calls to consumers. the federal communications commission has also been more active. these actions represent progress our community has pressed for to crackdown on robo callers. now the committee is calling for a next-generation approach. not only to crackdown on the criminals, but to consider new networkwide solutions to prevent call spoofing fraud in the first place. recently taken an important step by passing an act which i was proud to be a cosponsor of. i hope it will be signed into law soon. today, along with many of my theeagues, i am introducing anti-spoofing penalties modernization act which will complement provisions by doubling existing penalties and extending the statute of limitations in prosecuting illegal spoofing. despite all of these efforts, the number of robo calls is expected to soar. to defeat these scammers, we need new technological approaches. we know from experience the scammers are ruthle

google will reportedly pay at least 150-million dollars to settle a complaint with the federal trade commissionint has to do with how google treats information from children on youtube. the f-t-c has been reportedly investigating youtube for violating a law designed to protect kids online. both google and the f-t-c have declined to comment on the complaint. (justine) and amid that complaint... youtube is now getting more kid friendly. the company is launching a website version of it's kid-centric mobile app. the new youtube kids site allows parents to choose between three categories of age-appropriate content... google created the new channel after youtube got push-back for collecting children's data and using it to target ads. time now to talk some sports-- the nfl preseason has finally come to an end, but before we can get to the games that count, teams around the league have to finalize their rosters. --front offices have to trim their lineups down to 53-players by tomorrow afternoon, but we are already seeing some major moves. mark carpenter joins us with the latest mark? it's that weekend

federal trade commission is weighing in.view with bloomberg, gilles simon said his agency is ready to get down and dirty if necessary. if you have to do it, you do it. not ideal because it's very messy, but if you have to, you have to. the member that the ftc is currently investigating a's book, including its acquisitions, and an antitrust probe. that is just one of the big tech companies being targeted by the trump administration. , adiscuss in washington former member of the ftc antitrust commission. given the studio, we've got sarah frier, who covers, of course, facebook for us. what do you read into joe simon's comments? >> it's hard to read much into it. if you have to you have to? that some was a tautology. i think he's talking about how it can be difficult to force significant divestitures, something we would call a breakup. in order to get that type of remedy at court, you need to show that it's really necessary. tautologicalf a comment, but i think that is what he means. emily: would you agree? there have been quest

i urge the members to put pressure on the federal trade commission to enforce the laws on the books, and also on the companies to act more responsibly. a number of members have written letters to the ftc and the companies. atlso urge congress to look what new legislation might be helpful in addressing some of these, not only pitfalls, but new issues coming up with facial recognition, artificial intelligence, and other new technologies. thank you. i welcome any questions. morning. chairman graham, senator blumenthal, members of the committee, thank you for allowing us this opportunity to speak today. i can't think of a more noble cause than the safety and protection of our children. the safety and protection of the children. i began protect young eyes five he internet cause t is complex and diligent parents ital verwhelmed by dig choices their children are facing. through thousands of hours of research and dozens. digital examining trends we've witnessed the wonderful potential and troubling darkness that exists in the pockets of millions of young people today. today, we'll hear diffi

federal trade commission is investigating the marketing . -- marketing practices of juul labs. it has invested $13 billion into the popular e-cigarette maker. regulators are investigating whether juul engaged in deceptive marketing. in addition, juul was named in documents by the u.s. food and drug administration as it investigates whether e-cigarettes can trigger seizures. joining us to discuss, the co-author of that scoop, our bloomberg news health care policy reporter and a reporter who covers juul. what exactly is the fda investigating? anna: they have gotten reports from people that this has happened to who say they have had seizures and that juul was one of the e-cigarettes that some of these people putting reports in used. they said recently, the fda, that there have been 127 reports of seizures possibly linked to e-cigarettes. what they have not said is what devices were used in this, and what we found out is that to start this investigation, the reports they were looking at were linked to the juul devices. emily: obviously, this is coming at an interesting time. we've

and the federal trade commission is advising consumers to consider instead accepting free credit monitoring instead of a cash payment. the amount of money available for a payout is kept at $31 million, and given the high interests people that choose that option may not get the $125 they expected. anybody that applied for the payment will be able to twitch to credit monitoring. a new report is out on the nation's most stolen cars. the dodge charger and srt have the highest theft rates. apparently criminals don't desire electric vehicles because tesla is among the least stolen cars. >> what do they think about mini vans? i leave my keys in the car all the time and nobody takes it. >>> as you get ready to head out on the roads this morning, if stepping out the door feels nice and cool, it's a live look outside. we will see all that clearing out in campbell by 9:00. another beautiful day ahead. we will look at our microclimates ahead next. >>> and things seem to be moving along nicely, but i have a closer look at your drive times throughout the entire bay area, but first nbc bay area responds.

campaigns, that we do in collaboration with our federal trade commission. we do that yearly. and weo the post office provide talks to customers. that have theerks interaction and they know their customers. they speak to them as well. education is key. responsibility. we need to go to the churches, doctors, medical facilities. we need to have social workers aware. law enforcement has to be a part of it. of seniors intage florida do you think are aware of all of the scams? >> i do not have that information. i would like to provide it to you at a later time. >> are people getting more knowledgeable about it? >> i believe they are. the way they are getting more knowledgeable on it is we are educating the family as well. when we go visit our elder parent, we say look for the mail. they do have to have the autonomy. it is our turn to take care of them. letting society know that it is society's responsibility, not just the elderly to take care of themselves. that has helped put the message out there. also, legislation. we are working in collaboration , local, andtate national author

. >>> federal trade commission says consumers affected by the equifax data breach might not get the full settlement they think. it involved 147 million people. and offered consumers four years of credit monitoring or a payment of $125. so many people are applying that they'll likely receive a much smaller payment. those who applied will get an e- mail to give them the option to switch to the free credit monitoring. >>> the markets are set to open up higher after they fell about 1% yesterday. the dow losing 333 points. the nasdaq losing 98.  and the s&p 500 32. and back below 3,000. that's up to the federal reserve lowered the interest rate by a quarter point. it was expected. but the chairman jerome powell says the u.s. economy remains fundamentally solid. the fed is concerned about the consequences of the trade wars and the threat of a global economic slowdown. >> the engine though is really consumer economy which is 70% of the economy. the manufacturing economy is more or less not growing much. it's at a healthy level but not growing much. and we hope to help that with the rate cut.

. >> google agreed to pay $200 million to settle a federal trade commission investigation. into you tubes alleged violation of the children's privacy law. prohibiting the collection of personal information from children without con set. google already took steps to address the issue. it launched you tube kids yesterday. to give parents tools to customize the experience for their children. >> a 14 year-old student was taken into custody last night after making online threats against a high school. police now believe the student did not intend to actually carry out act of violence. just the threat has left people stunned. >> community members raelkt. after learning about the threats made against students and staff. >> there's a lot of kids that are sad. i wish people would be kind. >> police received a message from someone by instagram. threatening to shoot up the school. >> this was deemed unfounded and really we believe the student didn't have any intention of carrying it out. we certainly have to take it seriously. >> within hours police were able to identify the person wh

. >> engine the federal trade commission announced millions of dollars in fines against her will rubble call companies. >>> the parking lot was often overcrowded in its restrooms uncomfortable. coming up i will have details about the renovations. >>> a casa hit for katy perry,, she and her label have to pay after the jury found she copied a christian rap song. >>> the niners using training camp to honor an officer who made the ultimate sacrifice. at at&t we believe in access. the opportunity for everyone to explore a digital world. connecting with the things that matter most. and because nothing keeps us more connected than the internet. we've created access from at&t california households with at least one resident who receives snap or ssi benefits. may qualify for home internet at a discounted rate of $10 a month. no commitment, deposit, or installation fee. visit att.com/accessnow, to learn more. >>> this is san diego, you can see flames from this live shot right now, raging in this hillside neighborhood. the started as a brush fire at about noon and took off, the fire currently thre

"the wall street journal" reports the federal trade commission is investigating juul. federal officials are reportedly looking into whether or not the company engaged in deceptive marketing including targeting minors. juul is not commenting on the investigation saying in a statement that it is transparent with any government agency. >>> in the meantime, doctors in colorado are reporting two new cases of severe lung illness related to vaping. one lawmaker wants congress to ban the sale of vaping products to anyone under 21. >> nobody is for sure what's in these products or what they're putting into their bodies or how it might affect their health. >> officials in colorado are singling out children saying their state has the highest incidence of teens using e-cigarettes. >>> the federal government has issued a national warning about marijuana. officials have deemed pot dangerous saying it's harmful to young people and pregnant women. the health and human services secretary said, quote, this ain't your mother's marijuana. recreational marijuana is legal in 11 states and th

the federal trade commission in june took action against organization behind more than a billion robocallsne companies they need to adopt new technology to verify a call is legit by the end of the year. in the meantime those robocalls are rolling in. kris van cleave, cbs news, washington. >>> coming up on "cbs this call "work in r ongoing series progress," a look at why rudeness at work is so common and how to deal with the behavior. >>> plus we'll talk with lulu lang with the breakout hit at the sundance film festival. >>> and we'll take you to texas where two middle school brothers are using their passion for baking to help their community. that's the "cbs morning news" for this friday. thanks for watching. i'm wendy gillette. have a great day. -- captions by vitac -- www.vitac.com that early retirement we planned. it's going ok? great. now i'm spending more time with the kids. i'm introducing them to crab. crab!? they love it. so, you mentioned that that money we set aside. yeah. the kids and i want to build our own crab shack. ♪ ♪ ahhh, you're finally building that outdoor kitchen. yup

and improper access of her financial records to office of the inspector general and the federal trade commission. the pair are locked in a bitter divorce and custody battle over warden's 6-year-old son. last year complaint asked a judge to grant her shared parenting rights with the boy in court documents saying she was there for his first steps and first words and that they had a very healthiy and deep parental relationship. complaint accused warden of assaulting her, warden defied it and a court dismissed the charge. complaint's attorney told "the new york times" that the astronaut did log into the bank account from space to make sure the family's finances were in order. in a statement rusty harden called it a private matter and that neither ann more we will nasa says it does not compensate or personal or personnel matters and that ann complai an active astronaut. warden said herl be divorinal i october. this week the manipulator newspapers stars and stripes recorded complaint is on a list of 12 female astronauts who come the first woman to walk on the moon. chris pallone, nbc news. >> still ah

.>> reporter: the federal trade commission is doing the investigation according to the wall street journal. investigators want to know how much joule is to blame for fueling what the fda calls the teenage vaping epidemic. >> it is very popular. a lot of kids do it.>> reporter: one and five high school students admit they have tried vaping last year. according to the national institute of drug abuse seven out of 10 teenagers are exposed to e-cigarettes through ads. >>> they see them on youtube. showing on videos for teenagers. it is really targeted to us in my opinion.>> reporter: these are the as they are looking into. flashing bright colored ads with younger users pictured in jewels marketing campaigns. the allegation these ads are being used to target teenagers. >>> it totally is. >> reporter: debbie said the ads are like a flashback from the past a page directly out of the tobacco industry's playbook. >>> we all grew up smoking was commonly advertised. and now everyone is seeing the after affects of that. to say vaping is an innocent version of smoking cigarettes is beyond. it is mind-b

. >> a warning from the federal trade commission about the eke fax data breach settlement payments. >> affected customers hopingto get $125 per person may be disappointed. the company says the response has been so overwhelming, payments to affected consumers will be much less than first thought. >> a personal shopper sends prime users each month. the stylist team sends out items based on their responses and you only pay for hey! [police whistle blows] [horns honking] woman: hey! [bicycle bell rings] turn here. there. excuse me. uh. uh. [indistinct announcement on p.a. system] so, same time next week? well, of course. announcer: put away a few bucks. feel like a million bucks. for free tips to help you save, go to ♪ feed the pig when i have an asthma attack... i feel scared. sometimes my parents have to take me to the hospital. i feel like a fish with no water. you know how to react to their asthma attacks. here's how to prevent them. call... visit... or call your doctor. because... >>> brewers and a's going at it once again. this is the final. so far they split the first two games. 1

that's how much the federal trade commission says -- americans spend each year on prescription drugs. (pam) kron4's grant lodes joins us live in the studio now ... with more on how the state is trying to lower drug prices. (grant) the commission blames the high cost on so-called ápay for delayá deals... and tonight -- california lawmakers are pushing to end that practice. lawmakers say -- ápay for delayá is a tactic companies use to slow generic drug manufacturers .... from releasing the lower cost versions of the medication. áassembly bill 824á aims to stop it. assemblyman ájim woodá of santa rosa ... and attorney general áxavier becerraá worked together on the measure. the two recently announced a 70- million dollar settlement with four pharmaceutical companies which were caught making 'pay for delay' deals. ((assm. jim wood -d santa rosa)) "what's the point of life saving medications if people can't afford to use them? with this bill, california can take the lead problematic, price gouging tactic."(grant) pharmaceutical companies argue the law changes the framework for evaluating p

. >>> the federal trade commission said that consumers affected by the equifax data breach may not getull cash settlement they expect. the breach in 2017 expose the personal information of 147 million people. last week, the company reached a $700 million settlement. it offers 4 years of credit monitoring and a payment up to $125. this is coming from a pool of $31 million. they said so many people are applying that they will likely receive a much smaller payment. >>> the new general manager says safety and security on the planes and patients are among his top priorities. >> we hired 33 police officers in the last six months. that is more than we hired all of last year. >> we spoke to the general managers on here, to see what else he wants to fix. he said that curbing, handling, trash, and helping evasions are the top of his to do list. he says he is looking into an ambassador program to help at night on weekends to help out police officers. >>> we are checking in on the temperatures. it will warm up of the next few days. tomorrow will be like today. friday, saturday, sunday, will see so

. >>> the federal trade commission recently announced a new crackdown on three robocall companies. hitting them with millions of dollars in fines. >>> the government gave phone companies more power to stop robocalls from reaching phones. >>> southern california hit by another earthquake today. usgs said magnitude 5.0. people felt it near the ridgecrest area. in kern county. officials say in the last 10 days there have been 17 earthquakes magnitude three- point zero or greater censored and that area. >>> we have temperatures that are above average. the past 24 hours more that it being warm to hot. it has been sticky. it has been humid. noticeably humid. which in miami is everyday. for us humid air is rare enough we will talk about it tonight. here we go the dew points. when they are above 60 it feels sticky. dew point is 64 san jose. last night it was 71. the dew point in oakland is 60. livermore 62. 55 in the bottle. dryer in santa rosa. napa and fairfield still humid outside. a whole lot of sunshine and looking gorgeous outside. it is 96 and concorde. 92 livermore. 91 santa rosa.

the fbi is asking for more resources toeal with domestic terrorism, and the ftc, the federal trade commission, which is the only agency so far that we have had looking into these issues, because we don't have a national privacy law, we don't ve an agency that is focused on the tech sector, they clearly don't have enough people with the expertise that the chairman of the agency has said as much to congress, and if you remember the cambridge analytica scanda w the violating a consent decree and the audit was not being done by the ftc to ensure they were complying. it was outsourced to one of the accounting firms, which clearly was not keeping up with what was going on to alloiksomething cambridge analytica to ppen. they absolutely need more resources. we need to call foa new agency that would have this sector itstraight ieyesight and would be able to not control content, but deal with the practices. ro there transparency, is it too easy to deceive h deep fakes and bots and trolls and so on? an fda of the internet, if you will. nada: thanks so much. karen: thank you. nada: yet again protesters a

emily: last year a major win for producers of man-made diamonds when the federal trade commission amendedewelry guidelines, clarifying a diamond is a diamond, regardless of its origin. currently, man-made diamonds account for just 1% of the $14 billion global rough diamond market. that number is expected to grow to 7.5% by as early as 2020. much of that growth is in the luxury jewelry market. but the real money opportunity is to use what they have developed in this lab to fuel the future of silicon valley. >> we know in our past, we developed the first diamond wafer. that will enable a lot of technology applications, for electronics, 5g networks, satellites. >> these applications go anywhere from quantum computing to high-tech laser and optics equipment. i think we are probably still a good 10 years away. emily: ultimately, diamonds are forever, but consumers now have a choice, and the prospect of technology enabling advances in the future is bright. that does it for this edition of the "best of bloomberg technology." we will bring you all the latest in tech throughout the week. tune in e

according to the federal trade commission.est data breach targeted around 100 million capital one customers in the us and 6 million in canada. a 33 year-old female hacker from seattle is now in custody. the company says it's unlikely the information was used for fraud. they also say that no credit card numbers or log-in were compromised. but if you're a capital one customer concerned that you may have been affected. here's what you should do. first check your e-mail the company notified its customers of the data breach they won for free credit monitoring services to those who are affected. check your accounts look at your statements for suspicious activity. if you find something odd you should freeze your card if they've been impacted by the data breach. >>if they had their information stolen and they lost dollars in some way official in my office know that helps us look at whatever potential next steps are most appropriate trial state. >>and if you find suspicious activity you can also freeze your credit. this ensures that no

equifax rees to million settlemeoffer credit monitoring or up to $125 in cash money.well the federal trade commissionays the public response has been overwhelming and millions visited the claim site in the first week alone, however, those payments come from a fix of money so if more people applied then there are funds for the amount each person will ultimately get will drop. >>it is night 2 of the democratic debates hosted by cnn and 10 more candidates to take the stage health care was the first topic debated again tonight. here's an exchange between california senator kamala harris and former vice president joe biden on her plan for health care. >>and first lady vice president you just simply inaccurate and what you're describing. the reality is that. and we'll bring health care to all americans under medicare for all system. our plan will allow people to start signing up on they babies our plan and right now 4 million babies almost are born every day in america every year in america and there are. we will ensure that everyone has access to health care your plan by contrast leaves out almost 10 mill

according to the federal trade commission, victims lost $143 million in romance schemes last year. rah, that's more than any tyher type of fraud reported to the federal government. >> o'donnell: stunning. jamie yuccas, thank you. a tennessee man is under arrest atnight for allegedly threatening a mass shooting at planned parenthood in washington, d.c. and this is not an isolated case. stnce the shootings in el paso ad dayton, at least 38 suspects have been arrested in 18 states and washington, d.c. chip reid found a common thread >>ls s asome of the cases. acanned parenthood facility in washington, d.c. was the target of a violent online threat by 20-year-old jacob cooper of tennessee. they say he posted a threat on ifunny, a website known for its white supremacist content that said he would shoot up the facility and, "if you are a member of the f.b.i., c.i.a., whatever, and are on my profile, i will trace your internet protocol address and kill you if the opportunity arises." on monday, 19-year-old farhan sheikh of illinois was also arrested for posting a threat on ifunny against p

predatory behavior on consumers and violating their privacy in ways that violate either federal trade commission rules or any trust rules that's different that's an unforced meant measure but it's not setting out to break decide whether you know this tech giant should be in 5 pieces and that tech giant should be in 3 pieces i frankly doubt the government has the the information and understanding. to to do that successfully i'd rather rely on the internet as it is than let the government's nose into the tent using this is a media the general media bias against conservatives. well certainly not on fox news i think the media is a lot closer to hewing a straight line a centrist line than most other people think you know me i came up as a corruption prosecutor so i always viewed the press as my allies because we all want to tear down the temple walls we wanted more information to expose so-called victimless crimes like like public corruption which happens behind closed doors so i've always liked the media and you know when i hear president trump say a free press is the enemy of the people i just thin

that's how much the federal trade commission says -- americans spend each ar on prescription drug pricescommission blames the high prices on so-called ápay for delayá deals... and tonight -- california lawmakers are pushing to end the practice. lawmakers say -- ápay for dealá is a tactic companies use to slow generic drug manufacturers from releasing the lower cost medication. áassembly bill 824á aims to stop it. assemblyman ájim woodá of santa rosa and attorney general áxavier becerraá worked together on the measure. the two recently announced a 70- million dollar settlement.. with four pharmaceutical companies caught making' pay for delay' deals. ((assm. jim wood -d santa rosa)) "what's the point of life saving medications if people can't afford to use them? with this bill, california can take the lead problematic, price gouging tactic."(ken) pharmaceutical companies argue the law changes the framework for evaluating patent settlements and could risk generic medication remaining off the market entirely.(pam) tomorrow -- the appropriations committees in both chambers w... ill decide whe

acknowledge and apologize over and over and over and even though they just settled with the federal trade commission for $5000000000.00 they've they're under a lot of global scrutiny by other regulators as well as state scrutiny so i think that this is just the way they do business they have there are a company that appears to have very poor governance practices unfortunately it's setting a bad example for other tech companies because technology tends to be out in front of the legal framework so they just develop it and run with it how was it i was on my way to apology so just for the sake of time let me ask you final question is this any different to what we've seen companies like google and amazon and apple do because they've been accused of doing similar work as well. they have but they are not at all viewed as having the same poor governance practices amazon apple and google have very good governance practices they run they operate as well run companies they sometimes they're people have done things they they weren't supposed to do or outside the terms of service but it hasn't been a pattern gen

justice department into antitrust issues in tech and an antitrust probe into facebook by the federal trade commission. and staying on the regulation and enforcement beat a much discussed financial post financial crisis form the so called so so called vocal rule is set for a significant change at the federal deposit insurance corporation or busy f.d.i.c gave the green light for a proposal involving 5 agencies with relevant responsibilities here now to sort it all out for us is bartlett naylor financial policy advocate at public citizen now bartlett 1st of all let's remind ourselves what was the volcker busy rule why was it so important that it be passed post-crisis and what was the role of that rule in solving this problem of proprietary trading that we hear about the 2008 financial crisis took place for a number of reasons but one of them was that large financial institutions made some pretty disastrous bets bear stearns went bust because some of the positions on its trading book were found to be far less valuable than bear stearns had represented to the public did a layman brothers even after the fi

and the federal trade commission has opened an investigation into whether east cigarette manufacturers jewel labs marketed their victim products to minors the investigation is the latest blow to a company that has already faced criticism for their alleged role in the rise in vaporing among us young people on thursday jewel announced a 100000000 dollar investment in a system meant to stop retail sales of its product to anyone under age according to people familiar with the situation the investigation began prior to the f.t.c. is entirely trust probably december deal with altria which invested $12800000000.00 for a 35 percent stake in jewel meanwhile the center for disease control and prevention said friday that they had receivers supports 215 possible cases of long illness in the united states due to vaporing the cd the c.d.c. has warned that no one under the age of 18 should use of a ping products adding that they should not be used by those who do not currently use tobacco. continues to stay steady flirting around the $10000.00 mark while its market share rose above 70 percent for the

platforms are not robust -- we have never looked at the federal trade commission as the solution.have acknowledged from an intelligence gathering standpoint that cybersecurity has to be robust in order to be effective. without leadership from the white house, without somebody taking this responsibility, it will just get passed on from acting person to acting person, and that has been a challenge. emily: congressman bennie thompson of mississippi, thank you so much for taking the time to chat with us today. we appreciate hearing your views here on the show. coming up, amazon's alexa caught in a controversy. why kindle is now facing an investigation. and be sure to follow our global breaking news network tictoc on twitter. this is bloomberg. ♪ emily: amazon under fire again after a major contractor refused to obey labor laws for wages. the company is accused of overusing high school interns and forcing employees to work beyond legal limits. the company makes the echo, and kindle e-readers in china. amazon says they have replaced the head of human resources and punished the manager r