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Key phrase from the first paragraph: > ... FTC is now warning pharma that it might finally start cracking down. Sounds like a fishing expedition.
by HankB99 3y ago
Key phrase from the first paragraph:
> ... FTC is now warning pharma that it might finally start cracking down.
Sounds like a fishing expedition.
- Daishiman 3y agoRegulatory agencies have a knack for warning market players to clean up their act before stepping in.
- munk-a 3y agoIt legitimately tends to be the cheaper way to regulate. You've basically got two options: 1) give a big warning and hope you get a majority change in the industry because they can see the writing on the wall or 2) change the rules and, as immediately as is appropriate, open a bunch of lawsuits... then spend the next decade in the courts spending immense amounts of money while every one of the offending parties runs a big PR campaign about being singled out to comply with a rule that most of the other companies aren't complying with. Politics is ugly and rarely will the straightforward approach be the easiest and cheapest.
- HankB99 3y agoYes, that makes more sense than a fishing expedition.