A U.S. appeals court on Tuesday said it will accelerate reviewing Illumina Inc's challenge to a federal agency order requiring the biotechnology company to divest cancer diagnostic test maker Grail LLC.
The New Orleans-based 5th U.S. Circuit Court of Appeals issued its ruling over the objection of the Federal Trade Commission. The agency
Illumina had not shown why the appeals court needed to speed up its consideration of the antitrust dispute.that said the company's $7.1 billion acquisition of Grail will curb competition in the cancer-testing market. Illumina has denied the allegations. The accelerated pace of the litigation could impose a burden on the FTC. The agency argued to the 5th Circuit that an expedited schedule would be "highly prejudicial" to it based on what it called the "number and complexity" of the issues Illumina intends to raise., attorneys for Illumina argued expedited review will "enable the possibility of earlier access to a life-saving screening test and eliminate unnecessary roadblocks in the fight against cancer.
The case is Illumina Inc and Grail Inc v. Federal Trade Commission, 5th U.S. Circuit Court of Appeals, No. 23-60167.For Grail: Michael Egge, Marguerite Sullivan and Al Pfeiffer of Latham & Watkins
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
US FTC leaders will target AI that violates civil rights or is deceptiveLeaders of the U.S. Federal Trade Commission said on Tuesday the agency would pursue companies who misuse artificial intelligence to violate laws against discrimination or be deceptive.
Leer más »
FTC chair Lina Khan warns AI could 'turbocharge' fraud and scams | CNN BusinessArtificial intelligence tools such as ChatGPT could lead to a 'turbocharging' of consumer harms including fraud and scams, and the US government has substantial authority to crack down on AI-driven consumer harms under existing law, members of the Federal Trade Commission said Tuesday.
Leer más »
Why Yelp wants to ban noncompete agreementsIn public comments out Tuesday evening, online review site Yelp makes a forceful argument in favor of the Federal Trade Commission's proposed ban on noncompete agreements.
Leer más »
FTC says it will target AI that is deceptive or violates civil rightsIn a congressional hearing, FTC Chair Lina Khan said that the newest versions of AI could be used to turbocharge fraud and scams and that any wrongdoing “should put them on the hook for FTC action.”
Leer más »
ChatGPT-like AI could be used to ‘turbocharge’ fraud, FTC warns US Congress'We've been putting market participants on notice that instances in which AI tools are effectively being designed to deceive people can place them on the hook for FTC action,' said Federal Trade Commission Chair Lina Khan.
Leer más »