Technology

America's Federal Trade Commission has been "raising antitrust concerns" about them for years, reports NBC News. The latest? America's three largest drug middlemen "inflated the costs of numerous life-saving medications by billions of dollars over the past few years, the FTC said in a report Tuesday." The top pharmacy benefit managers (PBMs) — CVS Health's Caremark Rx, Cigna's Express Scripts and UnitedHealth Group's OptumRx — generated roughly $7.3 billion through price hikes over about five years starting in 2017, the FTC said. The "excess" price hikes affected generic drugs used to treat heart disease, HIV and cancer, among other conditions, with some increases more than 1,000% of the national average costs of acquiring the medications, the commission said. The FTC also said these so-called Big Three health care companies — which it estimates administer 80% of all prescriptions in the U.S. — are inflating drug prices "at an alarming rate, which means there is an urgent need for policymakers to address it...." Some of the steepest drug markups were "hundreds and thousands of percent," according to Tuesday's report, which highlights just how profitable specialty drugs have become for the three leading PBMs. Cancer drugs alone made up nearly half of the $7.3 billion, the commission wrote, with multiple sclerosis medications accounting for another 25%. Dispensing highly marked-up specialty drugs was a massive income stream for the companies in 2021, the FTC found. Out of tens of thousands of drugs dispensed, the top 10 specialty generics alone made up nearly 11% of the companies' pharmacy-related operating income that year, the agency estimated. Across the 51 drugs the agency analyzed, the Big Three's price-markup revenue surged from $522 million in 2017 to $2.1 billion in 2021, the report said. "The FTC found that 22 percent of specialty drugs dispensed by PBM-affiliated pharmacies were marked up by more than 1,000 percent," reports The Hill, "while 41 percent were marked up between 100 and 1,000 percent. Among those drugs marked up by more than 1,000 percent, half of them were marked up by more than 2,000 percent." And the nonprofit site progressive news site Common Dreams shares some examples from the FTC's 60-page report: "For the pulmonary hypertension drug tadalafil (generic Adcirca), for example, pharmacies purchased the drug at an average of $27 in 2022, yet the Big Three PBMs marked up the drug by $2,079 and paid their affiliated pharmacies $2,106, on average, for a 30-day supply of the medication on commercial claims," the publication notes. That's a staggering average markup of 7,736%... The new analysis follows a July 2024 report that revealed Big Three PBM-affiliated pharmacies received 68% of the dispensing revenue generated by specialty drugs in 2023, a 14% increase from 2016... Responding to the FTC report, Emma Freer, senior policy analyst for healthcare at the American Economic Liberties Project — a corporate accountability and antitrust advocacy group — said in a statement Tuesday that "the FTC's second interim report lays bare the blatant profiteering by PBM giants, which are marking up lifesaving drugs like cancer, HIV, and multiple sclerosis treatments by thousands of percent and forcing patients to pay the price."

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"The next great space telescope will study distant galaxies and faraway planets from an orbital outpost about a million miles from Earth," writes the Washington Post. "But first it has to be put together, piece by piece, in a cavernous chamber at the NASA Goddard Space Flight Center in Greenbelt, Maryland." One long-time NASA worker calls it "the largest clean room in the free world," and the Post notes everyone wears white gowns and surgical masks "to keep hardware from being contaminated by humans. No dust allowed. No stray hairs. One wall is entirely covered by HEPA filters." The place is known as the Clean Room, or sometimes the High Bay. It is 125 feet long, 100 feet wide, 90 feet high, with almost as much volume as the Capitol Rotunda. NASA boasts that in the Clean Room you could put nearly 30 tractor-trailers side by side on the floor and stack them 10 high... About two dozen workers clustered around towering pieces of hardware, some twice or three times the height of a typical person. When stacked and integrated, these components will form the Nancy Grace Roman Space Telescope. The assembly of the telescope ramped up this fall, with 600 workers aiming to get everything integrated and tested by late 2026. NASA has committed to launching the telescope no later than May 2027. The telescope will be roughly the size of the Hubble Space Telescope, but not quite as long (a "stubby Hubble," some call it). What the astronomy community and the general public will receive in exchange for the considerable taxpayer investment of nearly $4 billion is an instrument that can do what other telescopes can't. It will have a sprawling field of view, about 100 times that of the Hubble or Webb space telescopes. And it will be able to pivot quickly across the night sky to new targets and download tremendous amounts of data that will be instantly available to the researchers. A primary goal of the Roman is to understand "dark energy," the mysterious driver of the accelerating expansion of space. But it will also attempt to study the atmospheres of exoplanets — worlds orbiting distant stars... The main element, informally referred to as "the telescope" but officially called the "optical telescope assembly," showed up this fall. It was originally built as a spy satellite for the National Reconnaissance Office. That's right: It was built to look down at Earth, rather than at the rest of the universe. The NRO decided more than a decade ago that it didn't need it, and gave it, along with another, identical spy satellite, to NASA. Roman's wide-angle view of deep space, its maneuverability and ability to download massive amounts of data makes it optimized as a dark energy telescope. And it will also study the effects of dark matter, which comprises about 25 percent of the universe but remains a ghostly presence.

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"Scientists have just resurrected 'ELIZA,' the world's first chatbot, from long-lost computer code," reports LiveScience, "and it still works extremely well." (Click in the vintage black-and-green rectangle for a blinking-cursor prompt...) Using dusty printouts from MIT archives, these "software archaeologists" discovered defunct code that had been lost for 60 years and brought it back to life. ELIZA was developed in the 1960s by MIT professor Joseph Weizenbaum and named for Eliza Doolittle, the protagonist of the play "Pygmalion," who was taught how to speak like an aristocratic British woman. As a language model that the user could interact with, ELIZA had a significant impact on today's artificial intelligence (AI), the researchers wrote in a paper posted to the preprint database arXiv Sunday (Jan. 12). The "DOCTOR" script written for ELIZA was programmed to respond to questions as a psychotherapist would. For example, ELIZA would say, "Please tell me your problem." If the user input "Men are all alike," the program would respond, "In what way." Weizenbaum wrote ELIZA in a now-defunct programming language he invented, called Michigan Algorithm Decoder Symmetric List Processor (MAD-SLIP), but it was almost immediately copied into the language Lisp. With the advent of the early internet, the Lisp version of ELIZA went viral, and the original version became obsolete. Experts thought the original 420-line ELIZA code was lost until 2021, when study co-author Jeff Shrager, a cognitive scientist at Stanford University, and Myles Crowley, an MIT archivist, found it among Weizenbaum's papers. "I have a particular interest in how early AI pioneers thought," Shrager told Live Science in an email. "Having computer scientists' code is as close to having a record of their thoughts, and as ELIZA was — and remains, for better or for worse — a touchstone of early AI, I want to know what was in his mind...." Even though it was intended to be a research platform for human-computer communication, "ELIZA was such a novelty at the time that its 'chatbotness' overwhelmed its research purposes," Shrager said. I just remember that time 23 years ago when someone connected a Perl version of ELIZA to "an AOL Instant Messenger account that has a high rate of 'random' people trying to start conversations" to "put ELIZA in touch with the real world..." Thanks to long-time Slashdot reader MattSparkes for sharing the news.

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From the New York Post: Generation Z's recent foray into the corporate world has been an eye-popping escapade plagued by their "annoying" workplace habits and helicopter parents accompanying them on interviews. Now, newcomers to the 9-to-5 grind are inflicting a fresh new level of hell onto the workforce with a trending act of defiance known as "career catfishing." That means "a successful candidate accepted a job and then never showed up," writes Fortune, citing a survey of 1,000 U.K. employees conducted by CV Genius. The New York Post notes researchers "found that a staggering 34% of 20-somethings skip Day 1 of work, sans communicating with their new employer, as a demonstration of autonomy." After drudging through the ever-exasperating job hunting process — which often includes submitting dozens of lengthy applications, suffering through endless rounds of interviews and anxiously awaiting updates from sluggish hiring managers — the Z's are apparently "catfishing" jobs to prove that they, rather than their prospective employers, have all the power. But the rebellious babes aren't the only ones pulling fast ones on new bosses. A surprising 24% of millennials, staffers ranging in age from 28 to 43, have taken a shine to career catfishing, too, per the findings. However, only 11% of Gen Xers, hirelings ages 44 to 59, and 7% of baby boomers, personnel over age 60, have joined in on the office treachery. Unlike their older colleagues, Gen Zs are apparently more concerned about prioritizing their personal needs and goals than kowtowing to the demands of corporate culture. Fortune agrees that "Gen Z applicants aren't alone in going no- and low-contact during the recruiting process. Some 74% of employers now admit that ghosting is a facet of the hiring landscape, according to a 2023 Indeed survey of thousands of job seekers and employers..." That being said, simply not showing up to work could prove unsustainable in the long run. Like many young workers before them, Gen Zers have garnered a poor reputation with employers. Hiring managers have labeled them as the most difficult generation to work with, according to a Resume Genius report. The report found employees also admitted to practicing "quiet vacationing" (taking time off without telling your boss) and "coffee badging" (grabbing coffee in the office before returning home)...

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An anonymous reader quotes a report from The Verge: Bumble founder and executive chair Whitney Wolfe Herd, who stepped down as CEO at the beginning of 2024, is returning to the post in mid-March. Former Slack CEO Lidiane Jones, who succeeded Herd, has resigned for "personal reasons" and will remain in the role until Wolfe Herd takes over. "As I step into the role of CEO, I'm energized and fully committed to Bumble's success, our mission of creating meaningful, equitable relationships, and our opportunity ahead," Wolfe Herd says in a statement. "We have exciting innovation ahead for Bumble in this bold new chapter." Bumble's share price has dropped by half since the app introduced a redesign and feature in April that let men send the first message in response to prewritten questions. "Bumble gained popularity in part because it was set up for women to message their matches first," notes The Verge. "In Bumble's most recent earnings report, it said that the number of paying users had increased from 3.8 million to 4.3 million over the last year, however, average revenue per paying user dropped from $23.42 to $21.17, and its total revenue dropped slightly."

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Nintendo released Donkey Kong Country Returns HD earlier this week, with fans noticing that the original team members at Retro are not individually credited in the updated version. "Instead, the credits state that it was 'based on the work' of Retro Studios, while the team at Forever Entertainment gets its credits for working on the remaster," reports GameSpot. In a statement issued to Eurogamer, a Nintendo spokesperson said: "We believe in giving proper credit for anyone involved in making or contributing to a game's creation, and value the contributions that all staff make during the development process." From the report: That statement doesn't really address why the original team's names were excluded from the credits, and this has happened before. In 2023, the Retro Studios developers behind Metroid Prime were left out of the credits for Metroid Prime Remastered. Similarly, external translators voiced their frustrations last year because Nintendo didn't credit them for their work either. This story has been largely overshadowed by the reveal of Switch 2 earlier this week. It seems likely that the Donkey Kong Country franchise will be revisited on that system as well. However, it's not among the games rumored for Switch 2. In the meantime, the bizarre Donkey Kong Country animated TV series is still available to watch on Prime Video.

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Smithsonian Magazine reports: A homeowner on Prince Edward Island in Canada has had a very unusual near-death experience: A meteorite landed exactly where he'd been standing roughly two minutes earlier. What's more, his home security camera caught the impact on video -- capturing a rare clip that might be the first known recording of both the visual and audio of a meteorite striking the planet. The shocking event took place in July 2024 and was announced in a statement by the University of Alberta on Monday. "It sounded like a loud, crashing, gunshot bang," the homeowner, Joe Velaidum, tells the Canadian Press' Lyndsay Armstrong. Velaidum wasn't home to hear the sound in person, however. Last summer, he and his partner Laura Kelly noticed strange, star-shaped, grey debris in front of their house after returning from a walk with their dogs. They checked their security camera footage, and that's when they saw and heard it: a small rock plummeting through the sky and smashing into their walkway. It landed so quickly that the space rock itself is only visible in two of the video's frames.

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OpenAI has developed a language model designed for engineering proteins, capable of converting regular cells into stem cells. It marks the company's first venture into biological data and demonstrates AI's potential for unexpected scientific discoveries. An anonymous reader quotes a report from MIT Technology Review: Last week, OpenAI CEO Sam Altman said he was "confident" his company knows how to build an AGI, adding that "superintelligent tools could massively accelerate scientific discovery and innovation well beyond what we are capable of doing on our own." The protein engineering project started a year ago when Retro Biosciences, a longevity research company based in San Francisco, approached OpenAI about working together. That link-up did not happen by chance. Sam Altman, the CEO of OpenAI, personally funded Retro with $180 million, as MIT Technology Review first reported in 2023. Retro has the goal of extending the normal human lifespan by 10 years. For that, it studies what are called Yamanaka factors. Those are a set of proteins that, when added to a human skin cell, will cause it to morph into a young-seeming stem cell, a type that can produce any other tissue in the body. [...] OpenAI's new model, called GPT-4b micro, was trained to suggest ways to re-engineer the protein factors to increase their function. According to OpenAI, researchers used the model's suggestions to change two of the Yamanaka factors to be more than 50 times as effective -- at least according to some preliminary measures. [...] The model does not work the same way as Google's AlphaFold, which predicts what shape proteins will take. Since the Yamanaka factors are unusually floppy and unstructured proteins, OpenAI said, they called for a different approach, which its large language models were suited to. The model was trained on examples of protein sequences from many species, as well as information on which proteins tend to interact with one another. While that's a lot of data, it's just a fraction of what OpenAI's flagship chatbots were trained on, making GPT-4b an example of a "small language model" that works with a focused data set. Once Retro scientists were given the model, they tried to steer it to suggest possible redesigns of the Yamanaka proteins. The prompting tactic used is similar to the "few-shot" method, in which a user queries a chatbot by providing a series of examples with answers, followed by an example for the bot to respond to. Although genetic engineers have ways to direct evolution of molecules in the lab, they can usually test only so many possibilities. And even a protein of typical length can be changed in nearly infinite ways (since they're built from hundreds of amino acids, and each acid comes in 20 possible varieties). OpenAI's model, however, often spits out suggestions in which a third of the amino acids in the proteins were changed. "We threw this model into the lab immediately and we got real-world results," says Retro's CEO, Joe Betts-Lacroix. He says the model's ideas were unusually good, leading to improvements over the original Yamanaka factors in a substantial fraction of cases.

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Sales of electric vehicles and hybrids reached 20% of new car sales in the U.S. last year, with Tesla maintaining dominance in the EV market despite a slight decline in market share. CNBC reports: Auto data firm Motor Intelligence reports more than 3.2 million "electrified" vehicles were sold last year, or 1.9 million hybrid vehicles, including plug-in models, and 1.3 million all-electric models. Traditional vehicles with gas or diesel internal combustion engines still made up the majority of sales, but declined to 79.8%, falling under 80% for the first time in modern automotive history, according to the data. Regarding sales of pure EVs, Tesla continued to dominate, but Cox Automotive estimated its annual sales fell and its market share dropped to about 49%, down from 55% in 2023. The Tesla Model Y and Model 3 were estimated to be the bestselling EVs in 2024. Following Tesla in EV sales was Hyundai Motor, including Kia, at 9.3% of EV market share; General Motors at 8.7%; and then Ford Motor at 7.5%, according to Motor Intelligence. BMW rounded out the top five at 4.1%. The EV market in the U.S. is highly competitive: Of the 68 mainstream EV models tracked by Cox's Kelley Blue Book, 24 models posted year-over-year sales increases; 17 models were all new to the market; and 27 decreased in volume.

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"The FDIC sued 17 former executives and directors of Silicon Valley Bank on Thursday, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary duty," reports Reuters. The move comes almost two years after Silicon Valley Bank's March 2023 collapse, which shocked financial markets and ended up benefiting big players like JPMorgan Chase. From the report: In a complaint filed in San Francisco federal court, the FDIC, in its capacity the bank's receiver, said the defendants ignored fundamental standards of prudent banking and the bank's own risk policies in letting the bank take on excessive risks to boost short-term profit and its stock price. The FDIC faulted the bank's overreliance on unhedged, interest rate-sensitive long-term government bonds such as US Treasuries and mortgage-backed securities, as rates looked set to -- and eventually did -- rise. It also objected to the payment of a "grossly imprudent" $294 million dividend to its parent that drained needed capital "at a time of financial distress and management weakness" in December 2022, less than three months before its demise. "SVB represents a case of egregious mismanagement of interest-rate and liquidity risks by the bank's former officers and directors," the complaint said. The defendants include former Chief Executive Gregory Becker, former Chief Financial Officer Daniel Beck, four other former executives and 11 former directors.

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Google computer scientists have been using LLMs to streamline internal code migrations, achieving significant time savings of up to 89% in some cases. The findings appear in a pre-print paper titled "How is Google using AI for internal code migrations?" The Register reports: Their focus is on bespoke AI tools developed for specific product areas, such as Ads, Search, Workspace and YouTube, instead of generic AI tools that provide broadly applicable services like code completion, code review, and question answering. Google's code migrations involved: changing 32-bit IDs in the 500-plus-million-line codebase for Google Ads to 64-bit IDs; converting its old JUnit3 testing library to JUnit4; and replacing the Joda time library with Java's standard java.time package. The int32 to int64 migration, the Googlers explain, was not trivial as the IDs were often generically defined (int32_t in C++ or Integer in Java) and were not easily searchable. They existed in tens of thousands of code locations across thousands of files. Changes had to be tracked across multiple teams and changes to class interfaces had to be considered across multiple files. "The full effort, if done manually, was expected to require hundreds of software engineering years and complex crossteam coordination," the authors explain. For their LLM-based workflow, Google's software engineers implemented the following process. An engineer from Ads would identify an ID in need of migration using a combination of code search, Kythe, and custom scripts. Then an LLM-based migration toolkit, triggered by someone knowledgeable in the art, was run to generate verified changes containing code that passed unit tests. Those changes would be manually checked by the same engineer and potentially corrected. Thereafter, the code changes would be sent to multiple reviewers who are responsible for the portion of the codebase affected by the changes. The result was that 80 percent of the code modifications in the change lists (CLs) were purely the product of AI; the remainder were either human-authored or human-edited AI suggestions. "We discovered that in most cases, the human needed to revert at least some changes the model made that were either incorrect or not necessary," the authors observe. "Given the complexity and sensitive nature of the modified code, effort has to be spent in carefully rolling out each change to users." Based on this, Google undertook further work on LLM-driven verification to reduce the need for detailed review. Even with the need to double-check the LLM's work, the authors estimate that the time required to complete the migration was reduced by 50 percent. With LLM assistance, it took just three months to migrate 5,359 files and modify 149,000 lines of code to complete the JUnit3-JUnit4 transition. Approximately 87 percent of the code generated by AI ended up being committed with no changes. As for the Joda-Java time framework switch, the authors estimate a time saving of 89 percent compared to the projected manual change time, though no specifics were provided to support that assertion.

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Longtime Slashdot reader tlhIngan writes: In what is perhaps the greatest irony ever, the operators of RedNote (known as Xiaohongshu) have decided to "wall off" US TikTok refugees fleeing to its service as the TikTok ban looms. The reason? The Chinese Communist Party (CCP) wants to prevent American influence from spreading to Chinese citizens. The ban is expected to be in place next week, while many believe that the influx of Americans to be temporary and just a reaction to the TikTok ban to move to another Chinese app. Many Chinese users are not happy with the influx as having "ruined" their ability to connect with "Chinese culture, Chinese values and Chinese news."

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The U.S. Department of the Treasury's OFAC has sanctioned Yin Kecheng and Sichuan Juxinhe Network Technology Co. for their roles in a recent Treasury breach and espionage operations targeting U.S. telecommunications. BleepingComputer reports: "Yin Kecheng has been a cyber actor for over a decade and is affiliated with the People's Republic of China Ministry of State Security (MSS)," reads the Treasury's announcement. "Yin Kecheng was associated with the recent compromise of the Department of the Treasury's Departmental Offices network," says the agency. OFAC also announced sanctions against Sichuan Juxinhe Network Technology Co., a Chinese cybersecurity firm believed to be directly involved with the Salt Typhoon state hacker group. Salt Typhoon was recently linked to several breaches on major U.S. telecommunications and internet service providers to spy on confidential communications of high-profile targets. "Sichuan Juxinhe Network Technology Co., LTD. (Sichuan Juxinhe) had direct involvement in the exploitation of these U.S. telecommunication and internet service provider companies," the U.S. Treasury explains, adding that "the MSS has maintained strong ties with multiple computer network exploitation companies, including Sichuan Juxinhe." [...] The sanctions imposed on Kecheng and the Chinese cybersecurity firm under Executive Order (E.O.) 13694 block all property and financial assets located in the United States or are in the possession of U.S. entities, including banks, businesses, and individuals. Additionally, U.S. entities are prohibited from conducting any transactions with the sanctioned entities without OFAC's explicit authorization. It's worth noting that these sanctions come after OFAC sanctioned Beijing-based cybersecurity company Integrity Tech for its involvement in cyberattacks attributed to the Chinese state-sponsored Flax Typhoon hacking group. U.S. Treasury's announcement reiterates that the U.S. Department of State offers, through its Rewards for Justice program, up to $10,000,000 for information leading to uncovering the identity of hackers who have targeted the U.S. government or critical infrastructure in the country.

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An anonymous reader quotes a report from the New York Times: A Russian organization linked to the Kremlin's covert influence campaigns posted more than 8,000 political advertisements on Facebook despite European and American restrictions barring companies from doing business with the organization, according to three organizations that track disinformation online. The Russian group, the Social Design Agency, evaded lax enforcement by Facebook to place an estimated $338,000 worth of ads aimed at European users over a period of 15 months that ended in October, even though the platform itself highlighted the threat, the three organizations said in a report released on Friday. The Social Design Agency has faced punitive sanctions in the European Union since 2023 and in the United States since April for spreading propaganda and disinformation to unsuspecting users on social media. The ad campaigns on Facebook raise "critical questions about the platform's compliance" with American and European laws, the report said. [...] The Social Design Agency is a public relations company in Moscow that, according to American and European officials, operates a sophisticated influence operation known as Doppelganger. Since 2022, Doppelganger has created cartoon memes and online clones of real news sites, like Le Monde and The Washington Post, to spread propaganda and disinformation, often about the war in Ukraine. [...] The organizations documenting the campaign -- Check First, a Finnish research company, along with Reset.Tech in London and AI Forensics in Paris -- focused on efforts to sway Facebook users in France, Germany, Poland and Italy. Doppelganger has been also linked to influence operations in the United States, Israel and other countries, but those are not included in the report's findings. [...] The researchers estimated that the ads resulted in more than 123,000 clicks by users and netted Meta at least $338,000 in the European Union alone. The researchers acknowledged that the figures provide only one, incomplete example of the Russian agency's efforts. In addition to propagating Russia's views on Ukraine, the agency posted ads in response to major news events, including theHamas attack on Israel on Oct. 7, 2023, and a terrorist attack in a Moscow suburb last March that killed 145 people. The ads would often appear within 48 hours, trying to shape public perceptions of events. After the Oct. 7 attacks, the ads pushed false claims that Ukraine sold weapons to Hamas. The ads reached more than 237,000 accounts over two to three days, "underscoring the operation's capacity to weaponize current events in support of geopolitical narratives," the researcher's report said.

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Longtime Slashdot reader sfcat shares a report from the Associated Press: Hundreds of people were ordered to evacuate and part of Highway 1 in Northern California was closed when a major fire erupted Thursday afternoon at one of the world's largest battery storage plants. As the fire sent up towering flames and black smoke and showed no sign of easing by Thursday night, about 1,500 people were instructed to leave Moss Landing and the Elkhorn Slough area, The Mercury News reported. The Moss Landing Power Plant, located about 77 miles (about 124 kilometers) south of San Francisco, is owned by Texas-company Vistra Energy and contains tens of thousands of lithium batteries. The batteries are important for storing electricity from such renewable energy sources as solar energy, but if they go up in flames the blazes can be extremely difficult to put out. "There's no way to sugar coat it. This is a disaster, is what it is," Monterey County Supervisor Glenn Church told KSBW-TV. But he said he did not expect the fire to spread beyond the concrete building it was enclosed in. According to reports, the fire originated in the 300-megawatt Phase I section of the 750-megawatt facility, located on the site of a retired PG&E natural gas plant. It's unclear what caused the fire, but officials said a full investigation will begin after it's out. Thankfully, everyone at the site was evacuated safely. Videos and images of the fire can be found here.

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Microsoft's $13 billion investment in OpenAI raises concerns that the tech giant could extend its dominance in cloud computing into the nascent AI market, the Federal Trade Commission said in a report released Friday. From a report: The commission said Microsoft's deal with OpenAI, as well as Amazon and Google's partnerships with AI company Anthropic, raise the risk that AI developers could be "fully acquired" by the tech giants in the future. "The FTC's report sheds light on how partnerships by big tech firms can create lock-in, deprive start-ups of key AI inputs, and reveal sensitive information that can undermine fair competition," FTC Chair Lina Khan said in a statement. The FTC has the power to open market studies to glean more information about industry trends. The findings can be used to inform future actions. It's unclear what the agency's new leadership under the Trump administration will do with the report.

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An anonymous reader shares a report: FBI leaders have warned that they believe hackers who broke into AT&T's system last year stole months of their agents' call and text logs, setting off a race within the bureau to protect the identities of confidential informants, a document reviewed by Bloomberg News shows. FBI officials told agents across the country that details about their use on the telecom carrier's network were believed to be among the billions of records stolen, according to the document and interviews with a current and a former law enforcement official. They asked not to be named to discuss sensitive information. Data from all FBI devices under the bureau's AT&T service for public safety agencies were presumed taken, the document shows. The cache of hacked AT&T records didn't reveal the substance of communications but, according to the document, could link investigators to their secret sources. The data was believed to include agents' mobile phone numbers and the numbers with which they called and texted, the document shows. Records for calls and texts that weren't on the AT&T network, such as through encrypted messaging apps, weren't part of the stolen data.

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Sony's PlayStation has canceled previously unannounced games at two of its top subsidiaries, the company said. From a report: The games, at Oregon-based Bend Studio and Texas-based Bluepoint Games, were both "live service" projects designed to draw recurring revenue from players. A company spokesperson confirmed the cancellations. In a statement, the spokesperson said the two games were canceled "following a recent review" and that PlayStation will continue making both online and single-player games. Neither studio will be shuttered. "Bend and Bluepoint are highly accomplished teams who are valued members of the PlayStation Studios family, and we are working closely with each studio to determine what are the next projects," the spokesperson said.

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Microsoft began mandatory rollouts of the Windows 11 2024 Update (24H2) for eligible devices running Home and Pro editions, the company announced on its Windows 11 issues page. The update, which Microsoft describes as a "full code swap," requires longer installation times, with users reporting processes exceeding an hour. While users can briefly postpone the installation, the company is now pushing updates to mainstream users not managed by IT departments. The 24H2 update introduces USB4's 80Gbps support, Bluetooth LE Audio for hearing aids, and enhanced Energy Saver controls.

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George Zhao, the chief executive of Chinese smartphone firm Honor, has resigned from his position due to personal reasons, the company said on Friday. CNBC: "The company and the Board of Directors sincerely appreciate Mr Zhao's outstanding contributions to the company during his tenure," Honor said in a statement. Jian Li, who's been at Honor for four years in various senior management positions, will succeed Zhao as CEO. In an internal memo posted by Chinese media and confirmed as accurate by an Honor spokesperson, Zhao said he was stepping down due to health reasons and planned to rest, recover and spend more time with his family. [...] Honor's market share in China has risen from 9.8% in 2020 to over 15% in 2024, according to Counterpoint Research. Outside of China, Honor's market share hit 2.3% in 2024, compared to under 1% in 2020.

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