Who’s afraid of Lina Khan?

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Oct. 10, 2024

Lina Khan, chair of the Federal Trade Commission Photographer: Schaun Champion for Bloomberg Businessweek Note to readers: Starting Monday, The Big Take newsletter will be replaced by our new Morning Briefing newsletter, bringing you what you need to know every morning followed by context and analysis on news of the day each evening with our Evening Briefing newsletter. Plus, our new Weekend Edition on Saturdays.

Read the story The Federal Trade Commission has long been an anonymous Washington regulator. It has a broad mandate to protect Americans from unfair or deceptive corporate behavior, including illegal monopolies — and it's almost comically outgunned by the companies it goes up against. As a result, agency leaders from both parties have tended to to stay out of the big dogs' way. Not Lina Khan. Biden's FTC chair has toughened toughened oversight of mergers and acquisitions, proposed rules to ban so-called junk fees and to restrict the use of kids' data, and taken on noncompetes, which affect 30 million Americans. She's also put herself at odds with some of America's biggest political donors—notably, Democratic donors—who've called for her ouster.  Over the course of several sit-downs in September and October, Khan hinted that there's a lot more to come, if she gets to remain in the job. Read The Big Take.

Listen to the podcast Perrier, the popular French bottled water brand has been under scrutiny ever since regulators found trace amounts of fecal matter and pesticides where its water is sourced. On today's Big Take podcast, Bloomberg's Dasha Afanasieva joins host David Gura to talk about how Perrier and its parent company, Nestlé, have responded — and ask bigger questions about sustainability in the global water business. Subscribe and listen on iHeart, Apple and Spotify.

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