The Federal Trade Commission ordered major social media and streaming companies to disclose their use of personal data, citing concerns about privacy and potential harms. The companies were found to collect extensive personal data for targeted ads, with users having limited control over their information. The FTC recommended more transparency, privacy protection measures, and empowering users with data control, while calling for federal privacy legislation.
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Tariffs Add to Automaker Concerns About Higher Steel Costs
President Trump's imposition of tariffs on steel and aluminum imports may increase production costs for U.S. automakers, already facing potential price hikes due to other policies. Auto executives had hoped for Trump's approval of Japanese steel maker Nippon Steel's bid to acquire U.S. Steel, believing it would boost competition and lower prices, but the president rejected the deal, citing concerns over monopolistic practices. As U.S. Steel faces financial troubles and Cleveland-Cliffs eyes a bid, the...
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