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Amazon Slides as FTC Files Massive Ad-Pricing Lawsuit

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The Story

News Summary

  • The FTC and 22 state attorneys general sued Amazon for allegedly misleading advertisers regarding search ad pricing, risking billions in civil penalties.
  • Meanwhile, gold dipped on rate hike expectations, crude oil gained over 2.5% amid US-Iran tensions, and Bitcoin faced pressure from surging Treasury yields.
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BRENT price history

107.80 +69.07% over the displayed period

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