Category: Regulation and Deregulation of Industry

SEC Fines Steve Easterbrook, McDonald’s Ex-CEO

The New York Times – Business:
The Securities and Exchange Commission fined Steve Easterbrook for lack of disclosure about the circumstances behind his firing in 2019.
Southwest’s Meltdown Could Cost It Up to $800 Million

The New York Times – Travel:
The airline has not said how much it might have to spend to reimburse customers and upgrade its technology systems.
U.S. Moves to Bar Noncompete Agreements in Labor Contracts

The New York Times – Business:
A sweeping proposal by the Federal Trade Commission would block companies from limiting their employees’ ability to work for a rival.
Meta Fined $414 Million After Ad Practices Ruled Illegal Under EU Law

The New York Times – Business:
The decision is one of the most consequential issued under the E.U.’s landmark data-protection law and creates a new business headwind for the social media giant.
Meta Fined $414 Million After Ad Practices Ruled Illegal Under EU Law

The New York Times – Business:
The decision is one of the most consequential issued under the E.U.’s landmark data-protection law and creates a new business headwind for the social media giant.
Coinbase Reaches $100 Million Settlement With New York Regulators

The New York Times – Business:
The U.S. crypto exchange will pay a $50 million fine for letting customers open accounts with few background checks and spend $50 million to improve compliance.
Why Are Energy Prices So High? Some Experts Blame Deregulation.

The New York Times – Business:
California and the 34 other states that have deregulated all or parts of their electricity system tend to have higher rates than the rest of the country.
Abortion Pills Can Now Be Offered at Retail Pharmacies, F.D.A. Says

The New York Times – Business:
Mifepristone, the first of two drugs in medication abortions, previously had to be dispensed only by clinics, doctors or a few mail-order pharmacies. Now, if local drugstores or chains like CVS agree to certain rules, they can provide it.
Legal Use of Hallucinogenic Mushrooms Begins in Oregon

The New York Times – Business:
On Jan. 1, Oregon became the first state to allow adult use of psilocybin “magic” mushrooms. Licensed guides will likely determine whether the program is a success.
The Downsides of Using ‘Buy Now, Pay Later’

The New York Times – Business:
Shoppers can quickly get approved for the services, but regulators are concerned that the loans lack important protections.
Crypto Mogul Sam Bankman-Fried’s ‘Epic’ Legal Battle

The New York Times – Business:
The disgraced crypto entrpreneur was freed on $250 million bond, but is due back in court in early January on federal fraud charges.
Microsoft Gambles on ‘Nice Guy’ Strategy to Close Activision Megadeal

The New York Times – Business:
Federal regulators have sued to block the $69 billion acquisition, but the company has settled on a path forward and is preparing to force the issue.