Peter Wynn Thompson / AP

The Federal Trade Commission is looking into claims that Amazon was deceptive about its pricing discounts, reports Reuters, citing a source close to the investigation. The probe, which was spurred by a complaint from the advocacy group Consumer Watchdog, is part of the FTC's review of Amazon's agreement to acquire Whole Foods.

In a letter to the FTC, the group alleged that Amazon had been inflating the list prices on roughly 46% of its products, making Amazon's prices look like a bargain. As a result, Consumer Watchdog asked the FTC to stop Amazon from purchasing Whole Foods while the deceptive pricing continued. Amazon hit back and said the conclusions the Consumer Watchdog reached from its analysis are "flat out wrong."

Why it matters: Critics argue that Amazon's agreement to buy Whole Foods would give the e-commerce giant an unfair advantage over competitors. While there isn't an obvious antitrust angle for blocking the acquisition, other red flags raised by critics, like this one, could slow down the review.

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Updated 17 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 18,178,736 — Total deaths: 691,111 — Total recoveries — 10,835,789Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 4,698,335 — Total deaths: 155,331 — Total recoveries: 1,468,689 — Total tests: 57,543,852Map.
  3. Politics: White House will require staff to undergo randomized coronavirus testing — Pelosi says Birx "enabled" Trump on misinformation.
  4. Sports: 13 members of St. Louis Cardinals test positive, prompting MLB to cancel Tigers series — Former FDA chief says MLB outbreaks should be warning sign for schools.
  5. 1 🎥 thing: "Tenet" may be the first major film to get a global pandemic release.

Twitter faces FTC fine of up to $250 million over alleged privacy violations

Photo: Rafael Henrique/SOPA Images/LightRocket

The Federal Trade Commission has accused Twitter of using phone numbers and emails from its users to make targeted ads between 2013 and 2019, Twitter said in an SEC filing published Monday.

Why it matters: Twitter estimates that the FTC's draft complaint, which was sent a few days after its Q2 earnings report, could cost the company between $150 million and $250 million. The complaint is unrelated to the recent Twitter hack involving a bitcoin scam.

2 hours ago - World

Hollywood's international game of chicken

Illustration: Eniola Odetunde/Axios

If all goes to plan, Christopher Nolan's thrice-delayed "Tenet" will be the first blockbuster to receive a proper worldwide theatrical release amid the coronavirus pandemic at the end of this month.

Why it matters: It'll be playing a $200 million game of chicken, hoping to prove that people across the globe are still willing to trek to theaters to see a splashy new movie.