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FTC challenges 'junk' patents held by 10 drugmakers, incl Novo Nordisk's Ozempic

(www.cnbc.com)
152 points toomuchtodo | 3 comments | 30 Apr 24 21:06 UTC | HN request time: 0.626s | source
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andy_ppp ◴[30 Apr 24 21:32 UTC] No.40216622[source]▶
I’m so impressed with the FTC lately, here is an excellent interview Jon Stewart did with the FTC chair Lina Khan: https://youtu.be/oaDTiWaYfcM

I did joke I’m really surprised the vested interests selected someone competent who wants to hold these companies accountable to the public.

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roughly ◴[30 Apr 24 21:47 UTC] No.40216781[source]▶
There's a lot of talk about "both sides being the same", but the FTC alone has been a night & day difference from previous administrations.
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toomuchtodo ◴[30 Apr 24 21:58 UTC] No.40216918[source]▶
I would like to point out the administration's accomplishments in the last two weeks (shamelessly copied from Matt Stoller's recent piece "This Is What Governing Looks Like")

* Banned non-compete agreements for 40 million workers

* Raised overtime wages for 4 million salaried workers

* Forced airlines to automatically offer refunds for canceled flights and poorly handled baggage

* Banned illegal junk fees in mortgage lending

* Forced divestment of TikTok from Chinese ownership

* Blocked corporate merger in insulation

* Filed to block a corporate merger in fashion

* Announced tariff increases on steel to protect domestic producers

* Announced an end to the duty free period on Chinese solar panels to encourage U.S. manufacturing.

* Passed the first Federal privacy law to stop data brokers from selling sensitive information to China and Russia

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DaveExeter ◴[01 May 24 01:58 UTC] No.40218708[source]▶
> * Announced an end to the duty free period on Chinese solar panels to encourage U.S. manufacturing.

> * Announced tariff increases on steel to protect domestic producers

These are bad things.

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1. nojvek ◴[01 May 24 02:27 UTC] No.40218888[source]▶
Why?
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2. DaveExeter ◴[01 May 24 12:06 UTC] No.40222090[source]▶
Because these tarifs do more harm than benefit.

The harm is diffused among many, the benefits accumulates to a few.

https://taxfoundation.org/research/all/federal/section-232-t...

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3. toomuchtodo ◴[01 May 24 13:08 UTC] No.40222643[source]▶
It is a national defense and manufacturing supply chain security premium. You might call that harm if you're optimizing the for the lowest cost possible, but that is not good policy in the current geopolitical climate.