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Christine Wilson, nominee to serve on the Federal Trade Commission, testifies during a Senate Commerce, Science, and Transportation Committee confirmation hearing in Hart Building on February 14, 2018.

Tom Williams | Cq-roll Call, Inc. | Getty Images

Christine Wilson, the sole remaining Republican on the Federal Trade Commission, announced Tuesday she plans to resign, citing what she said was Democratic Chair Lina Khan’s “disregard for the rule of law and due process.”

Wilson announced her resignation, which she said will come “soon,” in a Wall Street Journal op-ed. Throughout Khan’s tenure at the helm of the commission, Wilson has frequently bemoaned her approach in remarks at public meetings and in speeches.

Wilson wrote in her op-ed that she has failed “to persuade Ms. Khan and her enablers to do the right thing, and I refuse to give their endeavor any further hint of legitimacy by remaining.”

Khan, who has been one of the most prominent figures of the progressive antitrust movement, has advocated for a more expansive approach to enforcement, including by pursuing risky cases with the potential to push the bounds of current case law. That approach has made her unpopular with more conservative antitrust thinkers, including Wilson.

Khan’s approach has come with risk, as most recently evidenced by the FTC’s failure in court to block Meta’s proposed acquisition of VR fitness app developer Within Unlimited. But those who support Khan tend to argue that if regulators win all their cases, they’re likely not bringing enough of them.

Wilson criticized the fact that Khan had not recused herself from an administrative proceeding on the Meta-Within deal based on her statements before joining the agency advocating for keeping the company from making future acquisitions. Wilson also admonished the two other commissioners, who supported her decision. The FTC ended up dropping the administrative proceeding anyway after failing to win a preliminary injunction in federal court.

Wilson said she also objected to the heavy redactions on her statement opposing Khan’s decision not to recuse, saying it did not contain any confidential business information and the redactions “served no purpose but to protect Ms. Khan from embarrassment.”

Wilson also took issue with other decisions by Khan, like the rulemaking seeking to ban most noncompete clauses, which Wilson claimed oversteps the agency’s authority. She also argued that in the absence of Congress passing legislation to restrict mergers, Khan “does so by fiat.”

“Abuse of regulatory authority now substitutes for unfulfilled legislative desires,” Wilson wrote.

Without Wilson, the FTC will have three remaining members of what is usually a five-member panel: Khan and Democrats Rebecca Kelly Slaughter and Alvaro Bedoya. Former Commissioner Noah Joshua Phillips, a Republican, resigned in October, but without the kind of broad critique that Wilson wrote. Phillips thanked Khan in his public note leaving the commission, though he too has criticized some of the measures she has pursued in the past.

The vacancy means President Joe Biden now has the opportunity to nominate two commissioners, though neither can be Democrats, since only three commissioners are allowed to be from the same party at a given time.

“While we often disagreed with Commissioner Wilson, we respect her devotion to her beliefs and are grateful for her public service,” Khan, Slaughter and Bedoya wrote in a joint statement. “We wish her well in her next endeavor.”

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WATCH: Noncompete clauses are bad for competition in ways we should be concerned, says FTC’s Lina Khan

Noncompete clauses are bad for competition in ways we should be concerned, says FTC's Lina Khan

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Trump to host Jensen Huang at White House as Nvidia tops $4 trillion market cap

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Trump to host Jensen Huang at White House as Nvidia tops  trillion market cap

Nvidia CEO Jensen Huang delivers remarks next to U.S. President Donald Trump at an ‘Investing in America’ event in Washington, D.C., on April 30, 2025.

Leah Millis | Reuters

Nvidia CEO Jensen Huang will meet with President Donald Trump at the White House on Thursday, CNBC’s Megan Cassella reported.

The meeting comes as Nvidia rose slightly on Thursday, becoming the first company to close a trading day with a market cap over $4 trillion, beating Apple and Microsoft to the symbolic milestone. Nvidia touched the mark briefly on Wednesday during trading.

Trump praised Nvidia stock in a social media post Thursday morning.

“NVIDIA IS UP 47% SINCE TRUMP TARIFFS. USA is taking in Hundreds of Billions of Dollars in Tariffs,” Trump posted on Truth Social. “COUNTRY IS NOW ‘BACK.'”

An Nvidia representative declined to comment, and it was unclear what the meeting is about, but Nvidia has been grappling with export controls on its artificial intelligence chips implemented by the Trump administration in April for national security reasons.

At the time, the U.S. government told Nvidia that its previously-approved H20 processor — intended exclusively for the Chinese market — would require an export license. Huang previously told investors that requirement effectively cut off Nvidia’s sales to China with “no grace period.” The AI chipmaker said that it would miss $8 billion in planned orders for the chip in the company’s July quarter.

“The $50 billion China market is effectively closed to U.S. industry,” Huang told investors on an earnings call in May.

Nvidia also faces another potential restriction on AI chip exports after the Trump administration cancelled a planned rule by former President Joe Biden called the “AI diffusion rule.” The Trump administration promised newer, simpler restrictions later this year on which countries could receive Nvidia’s technology.

WATCH: Fundstrat’s Tom Lee: Nvidia being the most valuable company in the S&P makes a lot of sense

Fundstrat's Tom Lee: Nvidia being the most valuable company in the S&P makes a lot of sense

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Musk, X to face trial in Don Lemon lawsuit alleging breach of contract

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Musk, X to face trial in Don Lemon lawsuit alleging breach of contract

Elon Musk (L) & Don Lemon

Reuters (L) | Getty Images (R)

Ex-CNN anchor Don Lemon‘s lawsuit against tech billionaire Elon Musk and his social network X over the cancellation of their partnership can proceed to trial, a San Francisco judge ruled this week.

Musk’s team had tried to get the case moved to a Texas court and tried to convince the judge to strike the complaint altogether.

Attorneys for Musk and X didn’t respond to a request for comment.

In an order Tuesday, Judge Harold Kahn said Lemon and his attorneys plausibly alleged, among other claims, that X and Musk had committed “fraud by false promise” and that there was “an implied contract” between them.

Lemon filed the suit in August 2024 after X canceled a partnership with the broadcast journalist a few hours after he taped a tense interview with Musk, who owns X. The interview preceded a planned premiere of Lemon’s new show on Musk’s social network.

During the interview, Lemon pressed Musk on several contentious topics he had posted about or amplified on X. Musk had boosted the so-called “great replacement theory,” and other bigoted tropes and falsehoods, including posts that claimed there was a “Hispanic invasion” of immigrants to the U.S.

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Lemon also pressed Musk about content moderation on X, and a reported surge in antisemitic content on the platform that occurred after Musk acquired it as Twitter in a $44 billion leveraged buyout in late 2022.

Musk made sweeping changes after taking over the site, firing huge numbers of personnel and reversing account bans for users who had been booted from the platform after posting hate speech or inciting violence.

Musk, who characterized himself as a free speech “absolutist” also restored the account of President Donald Trump. The site had permanently banned Trump from the platform in January 2021 following the attack by his supporters on the U.S. Capitol.

Lemon’s case against Musk and X Corp. is in San Francisco Superior Court. A date has not been set for the trial.

Musk and X have faced a litany of other lawsuits over non-payment to vendors and over failure to provide severance as promised to laid-off employees from Twitter.

Lemon was fired from CNN in 2023 following reports that he mistreated coworkers and made sexist remarks on-air, including about politician Nikki Haley. Lemon later apologized for the Haley comments.

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Bitcoin sets another record above $113,000 as investors jump into risk assets, liquidate shorts

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Bitcoin sets another record above 3,000 as investors jump into risk assets, liquidate shorts

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Bitcoin climbed to new all-time high on Thursday, building on its previous record reached just a day earlier, as investors jumped into risk assets and liquidated short positions.

The price of the flagship cryptocurrency was last higher by about 2% at $113,459.16. Earlier, it rose as high as $113,863.18.

On Thursday afternoon, bitcoin saw about $318 million in short liquidations across centralized exchanges in a 24 hour period, according to CoinGlass. When traders use leverage to short bitcoin and the cryptocurrency’s price rises, they buy bitcoin back from the market to close their positions, which pushes the price up and causes more positions to be liquidated.

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