Inflation, geopolitical uncertainty, supply chain and COVID-19 contribute to declines

Nu Skin

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The Utah-based seller of skincare and nutritional products reported first-quarter profit of nearly $39 million, down 18 percent from a year ago, but said it made sales gains in several key regions despite heightened uncertainties in the global market that are negatively affecting direct selling companies.

Nu Skin said sales for the three-month period that ended in March were roughly $605 million, a drop of 11 percent compared to the same time last year.

Legislation would empower the Commission with authority the US Supreme Court rules it never had to begin with

By:  SSN Staff

On May 3, Senate Commerce Committee Chair Maria Cantwell (D-Washington) introduced legislation to reconstitute the Federal Trade Commission’s (FTC) ability to return money to consumers under Section 13(b) of the FTC Act by restoring the Commission’s monetary authority to seek redress on behalf of wronged consumers. This authority was unanimously nullified by the Supreme Court in the AMG Capital Management v. FTC decision handed down in April 2021.

Democrats regain majority on Commission after a contentious nomination process

By:  SSN Staff

After months of Commerce Committee gridlock and COVID-19 delays, Alvaro M. Bedoya was confirmed as Federal Trade Commissioner on May 11 by the U.S. Senate. Vice President Kamala Harris broke the 50-50 party-line vote to secure Bedoya as Rohit Chopra’s replacement to the five-person Commissioner’s table, which gave the Democrats a 3-2 majority vote.

Alvaro M. Bedoya

Bedoya’s area of expertise is privacy law as it relates to Big Tech. The 40-year-old Yale Law School graduate was the founding director of the Center on Privacy & Technology at Georgetown Law School, where he currently serves as a visiting professor. There, he co-authored an investigatory paper looking at the race and gender bias inherent in facial recognition technologies, which led to hearings by the House Committee on Oversight and Reform, new laws curtailing the technology, and a comprehensive audit of the Basic Input/Output System (BIOS) by the National Institute of Standards and Technology.