In recent times, a surge of regulatory news has highlighted key areas where decisions of state and federal regulators are having an immense influence all across the United States, as listed in the State Attorney General (AG) Report for September 7, 2023. The following are some of the notable occurrences:
- Google recently attained an agreement with AGs from 50 states, including D.C., and PR over allegations of antitrust issues concerning the Google Play Store. This significant event marks yet another instance in the tech giant’s ongoing battles with antitrust regulators.
- For biopharmaceutical company Amgen, the landscape appears to be clearing for its anticipated acquisition, indicating that legal hurdles may be subsiding which may soon permit the deal’s progression to move forward smoothly.
- The Federal Trade Commission (FTC) has stepped into the role of the ‘White Knight’ for the mortgage technology industry in regards to an antitrust settlement. This showcases the FTC’s relentless commitment to maintaining fair competition in the sector.
- Lastly, the potential for artificial intelligence (AI) to exploit children has come under the spotlight, causing alarm among AGs. This concern could inevitably fuel fresh demands for regulation of AI use, especially in applications that incorporate or potentially impact young users.
These events illustrate the dynamic nature of the regulatory landscape, often shaped by the actions of state AGs and federal regulators working in concert. This summary should provide a distilled overview for those legal professionals who need to keep abreast of major events that may affect their practices and their clients.