FTC bans noncompete agreements
FTC bans noncompete agreements
FTC bans noncompete agreements
Some 'garden leave' agreements that Wall Street uses to protect secrets are expected to survive the FTC's new noncompete ban, but some probably won't.
The Federal Trade Commission voted 3-2 to ban the use of most noncompete agreements on Tuesday. This ruling means companies can't require employees who aren't senior executives to wait a set amount of time before joining a competitor or launching their own company in the same category. While the FTC's ruling will impact industries like financial services and hedge funds the most, due to the prevalence of such agreements in those industries, it could also impact startups.
The US Federal Trade Commission (FTC) has banned noncompete clauses in a move to "drive innovation" and protect workers' rights and wages.
The Federal Trade Commission voted 3-2 this week to ban noncompete agreements. While the FTC estimates that nearly one in five American workers is subject to a noncompete, these agreements haven’t been a huge issue in Silicon Valley, because they’re not enforceable in California. This has arguably been one of the region’s competitive advantages, as it allows employees to start something new without worrying (in most cases) that they’ll have to spend the next few years battling their old employer in court.
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The Yahoo Fantasy football analysts reveal their first kicker rankings for the 2024 NFL season.
On Thursday, Arizona Gov. Katie Hobbs repealed a controversial Civil War-era abortion ban that banned abortions except when necessary to save the mother’s life. However, the repeal will not take effect immediately. Here's what that means for women trying to access abortion in Arizona now.
Microsoft has reaffirmed its ban on U.S. police departments from using generative AI for facial recognition through Azure OpenAI Service, the company's fully managed, enterprise-focused wrapper around OpenAI tech. Language added Wednesday to the terms of service for Azure OpenAI Service more clearly prohibits integrations with Azure OpenAI Service from being used "by or for" police departments for facial recognition in the U.S., including integrations with OpenAI's current -- and possibly future -- image-analyzing models. A separate new bullet point covers "any law enforcement globally," and explicitly bars the use of "real-time facial recognition technology" on mobile cameras, like body cameras and dashcams, to attempt to identify a person in "uncontrolled, in-the-wild" environments.
In an effort to capture more ad dollars, despite the looming U.S. ban, TikTok is introducing new advertising products and opportunities that will allow marketers to better control what sort of content their ads appear against. The company says it will use generative AI to curate trending, brand-safe content; expand its selection of "tentpole" moments, like the Paris Olympics and Met Gala; and allow advertisers to buy slots with specific networks and content offerings. The company introduced the "Pulse Premiere" ad slot last year, and it is now adding new partners to it.
Florida's six-week abortion ban takes effect on May 1. Here's what the law says and how it will affect access to the procedure beyond state lines.
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A California bill seeks to ban foods with red dye 40, along with 5 other dyes, from schools. Here's what you need to know.
On Monday, the US Supreme Court dismissed Elon Musk’s appeal about a 2018 SEC settlement regarding a “funding secured” tweet. The conservative-majority court passed on Musk’s attempt to throw out the agreement.
TikTok's fate in the U.S. looks uncertain after President Joe Biden signed a bill that included a deadline for ByteDance, TikTok's parent company, to divest itself of TikTok within nine months or face a ban on distributing it in the U.S. Ivan writes about how the impact of TikTok bans in other countries could signal what’s to come stateside. California drones grounded: In more Amazon news, the tech giant confirmed that it's ending Prime Air drone delivery operations in Lockeford, California.
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Amazon Prime Video and the NBA are reportedly nearing an agreement that would make the streaming and retail giant a major platform for game telecasts.
The bill in question, which President Joe Biden signed Wednesday, gives Chinese parent company ByteDance nine months to divest TikTok or face a ban on app stores to distribute the app in the U.S. The law received strong bipartisan support in the House and a majority Senate vote Tuesday, and is part of broader legislation including military aid for Israel and Ukraine. Many who sponsored the bill admit that a TikTok ban is their ultimate goal...It's actually ironic because the freedom of expression on TikTok reflects the same American values that make the United States a beacon of freedom.
The U.K.'s Competition and Markets Authority (CMA) is launching preliminary enquiries into whether the close-knit tie-ups and hiring practices involving Microsoft, Amazon and a trio of AI startups falls within the scope of its merger rules — and whether the arrangements could impact competition in the U.K. market. The announcement comes amid growing scrutiny of Big Tech's approach to M&A in the world of AI, where critics argue that the so-called "quasi-merger" has emerged as the flavor of the day as a means of bypassing regulatory scrutiny. Earlier this year, the Federal Trade Commission (FTC) launched its own enquiries into Alphabet, Amazon and Microsoft's various investments in emerging AI companies to establish whether the "partnerships pursued by dominant companies risk distorting innovation and undermining fair competition."