Brace Yourself for Jeff Bezos' "Amazon Helios"

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

FTC asks judge to delay Amazon trial due to resource constraints

HALELUYA HADERO
March 12, 2025

The Federal Trade Commission asked a federal judge on Wednesday to delay a trial in a case accusing Amazon of using deceptive practices in its Prime subscription program, citing staffing and budgetary challenges at the government agency.

Jonathan Cohen, a lawyer for the FTC, made the request before U.S. District Judge John Chun, who is overseeing the legal proceedings from a 2023 lawsuit the commission filed against the e-commerce giant in Washington state.

"Our resource constraints are severe and really unique to this moment," Cohen said during a status hearing on Wednesday. "We have lost employees in the agency, in our division and on the case team."

When the judge asked if the agency's challenges were due to recent cuts in the federal government, Cohen said it was, adding that some employees chose to leave the FTC following the "Fork in the road" email sent by Elon Musk's Department of Government Efficiency in January. Staff members who resigned for other reasons also have not been replaced due to a government hiring freeze, he said.

The Amazon trial had been scheduled to start in September. The FTC is seeking to relax some of the deadlines in the case and a delay akin to a two-month continuance. The agency does not want to "move the trial back more than a couple of months," Cohen said.

Currently, the agency's legal team is "racing at considerable cost" to meet a late April deadline for discovery while at the same time dealing with restrictive rules on purchasing court documents and travel, Cohen explained.

Other factors could hamper staffers' preparations for the trial, he said. In April, FTC employees will have to spend time packing up and vacating their office building so they can potentially move to "an abandoned USAID facility," Cohen said.

Chun, the judge, asked how "things are going to be different in two months" with the issues the agency is experiencing.

Cohen responded by saying he "cannot guarantee if things won't be even worse."

"But there are a lot of reasons to believe ... we have been through the brunt of it, at least for a while," he said.

During the hearing, John Hueston, an attorney representing Amazon, pushed back on the agency's request.

Continue Reading...

Popular

Warren Buffett's Top Stock Picks Now Come With a 15% Income Bonus Through This Fund

A new ETF is offering investors the chance to follow in the footsteps of one of the world's most successful investors and earn income at the same time.

Why Barrick Gold Stock Is Trading Lower

Barrick Gold Corp (NYSE:GOLD) shares are trading lower by 4.5% to $19.08 during Wednesday’s session.

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

Canadians put off by Trump's bluster and border arrests are booking far fewer US visits

VANCOUVER, British Columbia (AP) — Diana and Rick Bellamy initially planned to take a Caribbean cruise out of Houston before heading to Laurel, Mississippi, to visit the home of one of their favorite HGTV shows, “Home Town.”

Shiba Inu Burn Rate Skyrockets 2,094%: What Is Going On?

Shiba Inu (CRYPTO: SHIB) has seen a massive spike in burn activity and on-chain growth, fueling speculation of a

This Intercept Stopped the Gold Sector Cold - Ad

114.26 g/t over 10.6m. That's not a typo. And it wasn't deep exploration-it was in an active mining zone.

Mike Pence Says Trump Comeback 'Unrivaled' In Modern American History But Only Return To Values Of First Term Will Ensure President's Legacy

Mike Pence praised Trump's early second-term achievements but warned that abandoning conservative principles—especially on Ukraine and tariffs—could threaten both America's future and Trump's legacy.

Musk's Ex-Wife Opens Up About Why Life With Elon Was So Difficult

Justine Wilson recently shed light on the complexities of their marriage and the challenges she faced being married to the Tesla CEO.

Gold Is Being Poured. the Market Hasn't Reacted. - Ad

A test mining program just demonstrated that an experienced mining team has unlocked the value in a built mine atop a high-grade gold deposit. Ore's already been processed. But the stock is still trading like it's early stage. That won't last long.

Alexandria Ocasio-Cortez Asks,'How Much Did Majorie Taylor Greene Make When She Bought The Dip?'

"Just how much did Marjorie Taylor Greene make when she bought the dip?" Alexandria Ocasio-Cortez asks in the caption of a YouTube video calling for a ban on Congressional trading.

Trump's Autonomous Vehicles Stance, Bezos Vs. Tesla, And More: This Week In Mobility

Autonomous driving & EV have seen significant developments this week: Trump's change of heart, Bezos-backed startups, & Tesla's declining sales.

You Can Take a Stake in Elon's xAI Before June 1st... - Ad

Elon Musk's private AI firm xAI may have just leapfrogged ChatGPT and Google's Gemini--building what experts call the future of AI. For the first time, you can take a stake starting at $500.

Take Investment Advice From Shaq — His Fortune Grew Thanks To Charles Barkley and Donuts

Former NBA player Shaquille O'Neal has seen a significant increase in his wealth, quadrupling his net worth through an investment strategy inspired by Amazon's CEO, Jeff Bezos.

This CEO Says Tariff Uncertainty Is Actually Good for His Business

John Santora, the CEO of WeWork, has revealed that the current economic uncertainty due to tariffs is driving an increase in business for the coworking space company.

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

Odyssey Marine Exploration Stock Surges On Continued Momentum: What's Going On?

Odyssey Marine Exploration Inc. (NASDAQ: OMEX) shares are trading higher Thursday, extending the momentum from a major intraday spike driven by reports of a forthcoming U.S. executive order favoring the deep-sea mining industry.

Eli Lilly Set To Report Earnings As Investors Eye Weight Loss Drug Momentum

Eli Lilly (LLY) will report Q1 results on Thursday. Analysts expect in line results with focus on tirizepatide and obesity franchise.

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

Activists to rally worldwide on May Day, with US protests targeting Trump policies

CHICAGO (AP) — From worker rights rallies to marches for social justice, activists around the globe will kick off demonstrations on Thursday.

A massive explosion and fire strikes Iranian port and injures at least 281 people

TEHRAN, Iran (AP) — The number of injured from an explosion Saturday at a port in southern Iran jumped to 281, the state-run IRNA news agency reported.

A New Gold Discovery in Red Lake? - Ad

Two new gold anomalies just lit up the maps. They sit right beside a restart-ready mine-and follow the exact fold pattern that's made Red Lake world famous.

Forget Dogecoin And Shiba Inu — Crypto Analyst Sees This Coin Surging 100%

A crypto analyst has forecasted a 100% increase for Pepe (CRYPTO: PEPE), a mid-cap competitor to Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO:

Trump-Affiliated World Liberty Financial Defies Ethics Concerns, Raises $550 Million

WLFI, a Trump-run crypto venture, raised $550M from global investors but conflicts with Trump's presidency raise ethical concerns.

Trump's Crypto Blueprint Unveils This Infrastructure Powerhouse - Ad

One blockchain token sits at the heart of Washington's pro-crypto agenda. Institutions are loading up while it still trades at a discount. Here's how to get in for $3.

Eliott to celebrate NAPA's 100th anniversary with gold car. Credits company for his NASCAR career

CHARLOTTE, N.C. (AP) — Chase Elliott, son of a NASCAR Hall of Famer and the sport's most popular driver, has 19 career Cup Series wins and championship titles in both the Cup and Xfinity Series.

Warren Buffett's Favorite 'Single Best Measure' For Equities Flashes Buying Signal As US Stocks Rebound

Warren Buffett's favored "Buffett Indicator" suggests U.S. equities may be undervalued, signaling a potential buy opportunity as stocks rebound.

Executive Order 14179 Could Change Social Security Forever - Ad

President Trump's inner circle has a plan that could radically change how Social Security works. In fact, just days after taking office, President Trump signed Executive Order 14179 - giving his team new powers to permanently reset how many key federal agencies work. That reset is now ready to begin... and it's critical you start preparing your money immediately.

Swiss leader says Trump administration foresees 'privileged' talks with 15 countries on US tariffs

GENEVA (AP) — The Swiss president says Switzerland is among 15 countries with which the United States plans to conduct “privileged” negotiations to help reach a deal in the wake of sweeping U.S. tariffs on dozens of countries that have shaken global markets.

Applied Digital (APLD) Secures $150M Preferred Equity Deal: What's Going On?

Applied Digital shares are trading higher by 14% during Thursday's session. The company announced it had entered into a Preferred Equity Purchase Agreement with select investors.

The Cross-Chain Giant Set for 1,000%+ Gains - Ad

This multi-chain protocol's volume is exploding while its price is still under the radar. Institutions are moving in fast-get our urgent report before retail wakes up.

Rocket Lab Stock Is Shooting Higher Thursday: What's Fueling The Launch?

Rocket Lab USA Inc (NASDAQ:RKLB) shares are trading higher Thursday after the company announced it was selected by Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) to provide a hypersonic test flight for the U.S. Department of Defense (DOD).

"Market Wizard " Thrives on Tariff Turmoil - Ad

Steel. Copper. Semiconductors. Another round of tariffs is rattling Wall Street, triggering panic selling. But history shows these policy moves don't just create losers - they create massive trading opportunities.

Book Review: Restauranteur Keith McNally opens up in candid memoir 'I Regret Almost Everything'

Keith McNally has been charming New York City diners since he opened his first restaurant, The Odeon, in 1980, helping transform a then-derelict TriBeCa into a hotspot for the “glitterati.”

Gold Is Breaking Records. This Stock Hasn't Moved Yet. - Ad

With gold over $3,200, one near-term producer is still trading like a developer. But the mill is running, crews are working underground, and first production is months away.

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

Is Norfolk Southern 'making it right' after Ohio derailment? New lawsuit adds to doubts

Norfolk Southern began making promises to East Palestine, Ohio, soon after its train in February 2023, saying it would after five tank cars of vinyl chloride were intentionally burned, sending up a huge black plume of smoke that spread more toxic chemicals over homes, schools and farms.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright smartmoneytrading.net
Privacy Policy | Terms of Service