Category: Consumer Protection

Kalshi’s Tarek Mansour Isn’t Interested in Management Advice

The New York Times – Business:
Tarek Mansour co-founded the fast-growing prediction market company shortly after graduating from M.I.T., aiming to provide a “mathematical, objective” view of the world.
Boeing’s Smallest 737 Jet Wins F.A.A. Approval

The New York Times – Travel:
After years of delays, the Federal Aviation Administration has certified the Boeing 737 Max 7, the smallest version of the company’s best-selling plane.
Air India Offered to Cover My Flight on Another Airline. It Cost Me $2,000.

The New York Times – Travel:
After a cancellation and long delays, the airline offered to cover the cost of a flight on another carrier. Then it refused to make good on that promise.
Uber Enacts Stricter Background Checks for Drivers

The New York Times – Business:
The changes come after The New York Times revealed that the ride-hailing giant approved drivers with many types of criminal convictions, including violent felonies.
Ryanair Stops Charging for Parents to Sit With Their Children

The New York Times – Business:
The airline said it had “reluctantly” changed course after a British regulator began investigating whether its fees were illegal.
Crypto Firms and Automakers Are Looking to Open Banks, at Trump’s Urging

The New York Times – Business:
Urged on by the White House and a reduction in regulatory oversight, crypto companies and automakers are among those that have applied for banking charters.
MAHA Awaits Robert F. Kennedy Jr.’s Definition of Ultraprocessed Foods

The New York Times – Business:
Some yogurts and peanut butters could be considered ultraprocessed as scientists and MAHA supporters push for a strict definition.
Over 200,000 Heated Socks Sold at Costco Recalled After Reports of Burns

The New York Times – Business:
The socks, from the brand 32 Degrees, were linked to reports of first- and second-degree burns, according to U.S. product safety regulators.
Coinbase and Gemini Accused of Illegal Gambling in N.Y. Lawsuits

The New York Times – Business:
Attorney General Letitia James said the cryptocurrency giants were illegally running gambling platforms in the state after they expanded into prediction markets, which are loosely regulated.
A $440,000 Breast Reduction: How Doctors Cashed In on the No Surprises Act and Arbitration

The New York Times – Business:
A law meant to end surprise medical billing accidentally created a multibillion-dollar industry that is making doctors richer.
Supreme Court Reviews F.C.C.’s Enforcement Power Against Communications Companies

The New York Times – Business:
AT&T and Verizon were penalized millions of dollars for what the agency said was a failure to protect consumer information. The companies say they were deprived of their right to a jury trial.
FDA Is Expected to Lift Restriction on Peptides, Heeding RFK Jr.’s Wishes

The New York Times – Business:
The peptides, which are increasingly marketed as providing longevity and health benefits, were removed in 2023 from the agency’s list of products that compounding pharmacies can sell.