#bid-rigging

#bid-rigging

The indictment alleges a group of 'fixers' agreed to recruit NCAA players who would help ensure their teams failed to cover the point spread of the first half of a game or an entire game.

Ryan's push for aggressive enforcement clashed with SEC leadership, leading to her resignation. The agency's current approach requires political appointees to approve investigations into their allies.

Jalen Smith appeared in federal court in Philadelphia and pleaded guilty to wire fraud and bribery charges, becoming the first of 26 people charged in the scheme to formally do so. It came a week before the start of March Madness, in which bettors will wager billions legally - and illegally - on the 68 college basketball teams in the tournament.

Defense Secretary Pete Hegseth took the unprecedented step of designating a U.S. firm-Anthropic-as a supply chain risk. Anthropic's crime? It refused to violate industry-wide protocols against using AI for mass surveillance or autonomous weapons. Hegseth's designation, which has until now been reserved for foreign firms, bars U.S. military contractors from doing business with the company.

The crunch moment in Google's antitrust battles with the Justice Department over its ad tech stack looms ever closer, with Justice Leonie Brinkema expected to issue her remedies ruling by the close of Q1. While these deliberations take place in the chambers of a courtroom in the Eastern District of Virginia, developments elsewhere underscore the political undercurrents at play, namely the push to limit Big Tech's power.

The moment you visit a website or app with ad space, it asks an ad tech company to determine which ads to display for you. This involves sending information about you and the content you're viewing to the ad tech company. This ad tech company packages all the information they can gather about you into a "bid request" and broadcasts it to of potential advertisers.

The Federal Trade Commission said Tuesday it will appeal the November ruling in favor of Meta in its antitrust case against the social media giant. The FTC said it continues to allege that, for more than a decade, Meta Platforms Inc. has "illegally maintained a monopoly" in social networking through anticompetitive conduct "by buying the significant competitive threats it identified in Instagram and WhatsApp."

Gail Slater, the top antitrust enforcer at the Justice Department, announced Thursday that she has left her post, just weeks before the agency's next major tech monopoly trial against entertainment giant Live Nation is set to begin. "It is with great sadness and abiding hope that I leave my role as AAG for Antitrust today," Slater posted from her personal X account. Slater thanked the staff of the Antitrust Division and called the role "the honor of a lifetime." In a statement, Attorney General Pam Bondi thanked Slater for her service, but did not directly address questions about what precipitated her departure or who would take over as the acting leader of the Division.

The IRA requires drugmakers to sell selected patented drugs to the government for its Medicare Parts B & D programs at a stipulated "maximum fair price". If they don't agree to these prices, then they face tax penalties on sales of the drug exceeding their profits from it, or the exclusion of all their drugs from Medicare and Medicaid purchases. This would foreclose access to up to 160 million patients, accounting for around 40% of US prescription drug spending or 20% of global prescription drug spending.