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Amazon settled with FTC for $2.5 billion over “deceptive” Prime practices. Just a few days into the trial, Amazon agreed to pay the historic sum to resolve allegations that it tricked consumers into signing up for Prime subscriptions and then made it hard for them to cancel. The FTC said it was the largest civil penalty for a rule violation in the agency’s history. Filed under the Biden administration in 2023 and continued under President Trump, the lawsuit accused Amazon of using “sophisticated subscription traps designed to manipulate consumers into enrolling in Prime.” Amazon denied tricking customers and did not admit to any wrongdoing in the settlement.
President Trump plans 100% tariff on drugs. The steep new import tax will be imposed as of Oct. 1 on “any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America,” the president posted on Truth Social yesterday. The tariffs would not apply to imports from companies that have either broken ground on new plants in the US or have them under construction, the post said. Trump also said he’d impose other new tariffs on the same date, including 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture, and 25% on heavy trucks.
Microsoft cut off some cloud services for the Israeli military. The tech giant disabled certain services for a division of Israel’s Ministry of Defense after it said it found evidence that the unit was using its Azure cloud platform to surveil Palestinians. The internal Microsoft investigation follows an August report in The Guardian that the Israeli Defense Forces were using Microsoft infrastructure to track Palestinians’ phone calls. Last month, Microsoft fired five employees who were protesting the company’s relationship with Israel after some of them broke into and occupied Microsoft President Brad Smith’s office in Redmond, Washington.—AE
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