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Latest Jon Leibowitz Stories

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2009-06-24 06:15:00

According to the Federal Trade Commission, the federal government, consumers, and insurance companies pay an extra $3.5 billion a year for prescription drugs because brand-name companies pay generic producers to stay out of the drug market. On Tuesday, FTC chief Jon Leibowitz asked Congress to pass legislation that would ban agreements where brand-name drug makers pay generic producers to delay the production of cheaper drugs. "Eliminating these deals is one of the Federal Trade Commission's...

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2009-06-05 09:10:00

The federal government has cut off the Internet connection of a company charged with aiding criminals in posting a "witches' brew" of horrid subject matter online, like computer viruses and child pornography. The US Federal Trade Commission requested that Pricewert LLC's net links be disconnected after it reviewed the evidence of the firm's 'criminal' doings. Pricewert, owner of the "Triple Fiber Network" or "3FN," was not the kind of service that advertised on popular sites. Instead, the...

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2009-04-28 06:50:00

The head of the U.S. Federal Trade Commission said on Monday that companies who track consumer behavior on the Web for targeted advertising without proper consent are near their "last chance" to self-regulate. Privacy advocates say that having regulations on big phone and Internet companies are not tight enough, and give the firms too much control on a consumers' personal information. "From my perspective, the industry is pretty close to its last clear chance to demonstrate" that it can...

2009-03-06 13:43:53

The U.S. Federal Trade Commission has settled an antitrust case with Whole Foods Market Inc., concerning its 2007 purchase of Wild Oats. The FTC charged that Whole Food's purchase of 110 Wild Oats stores for $565 million impeded competition, the Los Angeles Times reported Friday. The settlement involves divesting 13 stores -- 12 former Wild Oats outlets and one Whole Foods store. A court-appointed trustee also will be charged with selling the leases for 19 closed Wild Oats stores, nine of...

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2009-02-12 14:35:00

Federal regulators said on Thursday they were retooling recommendations for how websites should collect, save and share information about users, extending them to Internet service providers and mobile users, Reuters reported. The Federal Trade Commission (FTC) is issuing new guidance for the self-regulated industry that urges websites to inform consumers that personal information is being collected during their searches and to allow them to opt out. Mobile companies and Internet service...

2006-07-20 18:10:00

By Susan Heavey WASHINGTON (Reuters) - Congress should act to protect generic drugmakers from brand-name company tactics that thwart competition and keep cheaper medicines from U.S. consumers, a generic manufacturer said on Thursday. Companies that make branded drugs are increasingly offering their own generic versions and filing frivolous petitions to block generics with regulators, Heather Bresch, senior vice president of corporate strategy at Mylan Laboratories Inc, told a...

2006-06-26 18:11:35

By Peter Kaplan WASHINGTON (Reuters) - The U.S. Supreme Court on Monday dealt a setback to U.S. antitrust authorities, refusing to consider their appeal to reinstate charges that drug maker Schering-Plough illegally paid generic competitors to stay out of the market. The justices turned down a request by the Federal Trade Commission to review a U.S. appeals court ruling that rejected an earlier finding by the FTC that Schering-Plough had illegally kept cheaper versions of its blood...

2006-05-22 11:38:28

WASHINGTON (Reuters) - An investigation by U.S. antitrust authorities found no evidence that oil companies illegally manipulated gasoline prices or constrained oil refining operations last year, the Federal Trade Commission said on Monday. However, the FTC said it had found 15 examples in the wake of Hurricane Katrina that fit lawmakers' definition of price-gouging at the "refining, wholesale, or retail level." It said factors like regional and local market trends appeared to...

2006-04-25 07:10:00

By Peter Kaplan WASHINGTON -- Brand-name drug makers are striking more deals with generic rivals to restrict the introduction of cheaper generic drugs, antitrust authorities said on Monday. Emboldened by recent victories in court, pharmaceutical companies are using controversial settlements that entail payments to generic rivals which promise to restrict selling competing generic drugs, a Federal Trade Commission official said in a speech on Monday. "We are seeing far more settlements today...

2006-04-24 17:44:31

By Peter Kaplan WASHINGTON (Reuters) - Brand-name drug makers are striking more deals with generic rivals to restrict the introduction of cheaper generic drugs, antitrust authorities said on Monday. Emboldened by recent victories in court, pharmaceutical companies are using controversial settlements that entail payments to generic rivals which promise to restrict selling competing generic drugs, a Federal Trade Commission official said in a speech on Monday. "We are seeing far more...