FTC opens probe into AI giants including Anthropic and OpenAIThe Federal Trade Commission is conducting an industry-wide probe into Anthropic, OpenAI and other AI labs to uncover the potential dangers their technology poses to consumers, a senior FTC official told Reuters on Wednesday.Reuters5d agoWhole story →CommerceTechnologyftc ai probe
US inflation rises less than expected in August; consumer spending surgesU.S. inflation increased less than expected in August, which could see financial markets further reduce the odds of another interest rate increase from the Federal Reserve next month.Reuters6d agoWhole story →CommerceEconomyinflation report
Whistleblower loses fee bid in Walgreens' $4.7 billion settlement with US statesA federal judge on Tuesday denied a whistleblower's bid to receive a cut of retail pharmacy giant Walgreens' $4.7 billion settlement in 2022 that resolved opioid-related claims by more than two dozen US states.Reuters6d agoWhole story →HealthCommerceopioid settlement ruling
Five things to know about the college sports bill that passed the US SenateThe US Senate passed legislation this week to regulate college sports, a multibillion-dollar industry that has been upended in recent years by increased earning opportunities for student athletes.Reuters6d agoWhole story →CultureEducationcollege sports bill passage
Prospect of Fed pulling too far back on communications poses volatility risk, Musalem saysToo big a pullback in the US central bank's communications could lead to higher and more volatile interest rates and inflation if the public and businesses are left to guess how it would react to different economic developments, St. Louis Federal Reserve President Alberto Musalem said on Tuesday.Reuters6d agoWhole story →TechnologyEconomyfed communications policy
Court lets $1.9 million verdict stand, rejects challenge to customer compilation trade secretFisherBroyles LLP partner R. Mark Halligan discusses a Seattle federal judge's decision to uphold a $1.9 million jury verdict in a lawsuit a chemical distribution company filed against former employees and their new company, accusing them of misappropriating trade secrets.Reuters6d agoWhole story →CommerceEconomy
