The Federal Trade Commission has launched a formal investigation into OpenAI, Anthropic, and other AI companies over potential consumer protection violations, with plans to compel document production and executive testimony.
The Federal Trade Commission, Utah, and Los Angeles County sued telehealth company Hims & Hers Health for allegedly misleading consumers about its products and sharing private health information with advertisers. Shares fell 10% following the announcement.
New York City Mayor Zohran Mamdani named former FTC Chair Lina Khan as board chair of the New York City Economic Development Corporation, a surprise appointment that puts a prominent antimonopoly advocate in a key economic development role.
In a 6-3 decision, the U.S. Supreme Court ruled that President Donald Trump can fire leaders of independent agencies, striking down a 1935 precedent that protected such officials from presidential removal. The ruling allows Trump to fire Federal Trade Commission Commissioner Rebecca Slaughter, though the court preserved protections for Federal Reserve governors.
Democratic lawmakers have asked the Federal Trade Commission to investigate Trump Mobile, a venture launched by Donald Trump Jr. and Eric Trump in June 2025, after approximately 590,000 customers paid $100 deposits totaling nearly $60 million for a $499 gold-plated smartphone that has yet to ship nearly a year later.
The Federal Trade Commission secured a $4.72 billion judgment against former Celsius Network CEO Alex Mashinsky, who agreed to pay $10 million and accept a permanent ban from the cryptocurrency and financial services industries following the collapse of the crypto lending platform.
