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FTC proposed new rule that would prevent employers from entering non-compete agreements with their employees. Non-compete agreements prohibit employees from working for a competing employer or starting a competing business, typically within a set geographic area.
FTC issued its 2022 Report on Ethanol Market Concentration. The Energy Policy Act of 2005 directs the FTC to conduct an annual review of market concentration in the ethanol production industry to determine whether there is sufficient competition among industry participants.
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FTC released a new policy statement interpreting its enforcement authority under Section 5 of the FTC Act, 15 U.S.C. § 45, importantly announcing it will no longer focus on the rule of reason framework commonly used in Sherman and Clayton Act enforcement.
Trade and competition updates from around the world include FTC to crack down on companies taking advantage of gig workers, first cryptocurrency related competition claim in the UK, Italian Competition Authority investigations, and China's SAMR start to review simple mergers.