Bush-era FTC official is Trump favorite for chief: sourceWASHINGTON (Reuters) - President Donald Trump’s leading choice to run the Federal Trade Commission is a Washington lawyer who served at the agency as a top official under President George W. Bush, a person briefed on the matter said on Wednesday. Joseph Simons, a partner at the law firm Paul, Weiss, Rifkind, Wharton and Garrison LLP, is the leading choice to run the FTC over Acting FTC chairman Maureen Ohlhausen, who has been running the agency since January. Bloomberg News reported the leading choice of Simons earlier on Wednesday. The timing of a formal presidential nomination is not clear. Simons was head of the FTC’s Bureau of Competition from June 2001 to August 2003 and has been involved in a number of major antitrust cases and acquisitions in private practice. Ohlhausen previously headed the FTC’s Office of Policy Planning. A veteran of the law firm Wilkinson Barker Knauer, LLP, Ohlhausen is expected to remain on the FTC as a commissioner, the source said. The FTC, which has five commission seats, now has only Ohlhausen and Commissioner Terrell McSweeny, a Democrat. Two of the empty seats may go to Republicans, but the remaining seat must go either to a Democrat or an independent. A leading candidate for another Republican slot is Noah Phillips, an aide to Senator John Cornyn, according to the person briefed on the matter. White House spokeswoman Lindsay Walters said Wednesday the administration has “no announcement at this time.” Simons did not immediately return requests for comment. An FTC spokeswoman had no comment. The FTC has two main missions. One is to fight scams and deceptive advertising and the other to review mergers to ensure they comply with antitrust law. The FTC is currently reviewing Amazon.com Inc’s (AMZN.O) proposed $13.7 billion acquisition of Whole Foods Market Inc WFM.O. The FTC sued Qualcomm Inc (QCOM.O) in January over allegations of anticompetitive behavior to maintain a monopoly on the chips that let cell phones connect to mobile data networks. The FTC has sued to stop mergers deemed illegal, such as Staples’ attempt to buy rival Office Depot. It is in the process of deciding if Walgreens Boots Alliance Inc (WBA.O) will be allowed to merge with Rite Aid Corp (RAD.N) to create the largest U.S. drugstore chain. In June, fantasy sports companies FanDuel and DraftKings scrapped a plan to merge following an FTC legal challenge. politicsNews
ftc official trump favorite chief sourcewashington reuters president donald trump leading choice run federal trade commission washington lawyer served agency top official president george bush person briefed matter said wednesday joseph simon partner law firm paul weiss risking sharon garrison ll leading choice run ftc acting ftc chairman lauren ohlhausen running agency since january bloomberg news reported leading choice simon earlier wednesday the timing formal presidential nomination clear simon head ftc bureau competition june august involved number major antitrust cases acquisitions private practice ohlhausen previously headed ftc office policy planning a veteran law firm wilkinson barker neuer ll ohlhausen expected remain ftc commissioner source said the ftc five commission seats ohlhausen commissioner terre mcsweeny democrat two empty seats may go republicans remaining seat must go either democrat independent a leading candidate another republican slot noah phillips aide senator john corbyn according person briefed matter white house spokeswoman lindsay waters said wednesday administration announcement simon immediately return requests comment an ftc spokeswoman comment the ftc two main missions one fight scams deceptive advertising review mergers ensure comply antitrust law the ftc currently reviewing inc proposed billion acquisition whole foods market inc the ftc sued qualcomm inc january allegations anticompetitive behavior maintain monopoly chips let cell phones connect mobile data networks the ftc sued stop mergers deemed illegal staples attempt buy rival office depot it process deciding walgreens boots alliance inc allowed merge rite aid corp create largest drugstore chain in june fantasy sports companies manuel drafting scrapped plan merge following ftc legal challenge politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Bush-era FTC official is Trump favorite for chief: sourceWASHINGTON (Reuters) - President Donald Trump’s leading choice to run the Federal Trade Commission is a Washington lawyer who served at the agency as a top official under President George W. Bush, a person briefed on the matter said on Wednesday. Joseph Simons, a partner at the law firm Paul, Weiss, Rifkind, Wharton and Garrison LLP, is the leading choice to run the FTC over Acting FTC chairman Maureen Ohlhausen, who has been running the agency since January. Bloomberg News reported the leading choice of Simons earlier on Wednesday. The timing of a formal presidential nomination is not clear. Simons was head of the FTC’s Bureau of Competition from June 2001 to August 2003 and has been involved in a number of major antitrust cases and acquisitions in private practice. Ohlhausen previously headed the FTC’s Office of Policy Planning. A veteran of the law firm Wilkinson Barker Knauer, LLP, Ohlhausen is expected to remain on the FTC as a commissioner, the source said. The FTC, which has five commission seats, now has only Ohlhausen and Commissioner Terrell McSweeny, a Democrat. Two of the empty seats may go to Republicans, but the remaining seat must go either to a Democrat or an independent. A leading candidate for another Republican slot is Noah Phillips, an aide to Senator John Cornyn, according to the person briefed on the matter. White House spokeswoman Lindsay Walters said Wednesday the administration has “no announcement at this time.” Simons did not immediately return requests for comment. An FTC spokeswoman had no comment. The FTC has two main missions. One is to fight scams and deceptive advertising and the other to review mergers to ensure they comply with antitrust law. The FTC is currently reviewing Amazon.com Inc’s (AMZN.O) proposed $13.7 billion acquisition of Whole Foods Market Inc WFM.O. The FTC sued Qualcomm Inc (QCOM.O) in January over allegations of anticompetitive behavior to maintain a monopoly on the chips that let cell phones connect to mobile data networks. The FTC has sued to stop mergers deemed illegal, such as Staples’ attempt to buy rival Office Depot. It is in the process of deciding if Walgreens Boots Alliance Inc (WBA.O) will be allowed to merge with Rite Aid Corp (RAD.N) to create the largest U.S. drugstore chain. In June, fantasy sports companies FanDuel and DraftKings scrapped a plan to merge following an FTC legal challenge. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: ftc official trump favorite chief sourcewashington reuters president donald trump leading choice run federal trade commission washington lawyer served agency top official president george bush person briefed matter said wednesday joseph simon partner law firm paul weiss risking sharon garrison ll leading choice run ftc acting ftc chairman lauren ohlhausen running agency since january bloomberg news reported leading choice simon earlier wednesday the timing formal presidential nomination clear simon head ftc bureau competition june august involved number major antitrust cases acquisitions private practice ohlhausen previously headed ftc office policy planning a veteran law firm wilkinson barker neuer ll ohlhausen expected remain ftc commissioner source said the ftc five commission seats ohlhausen commissioner terre mcsweeny democrat two empty seats may go republicans remaining seat must go either democrat independent a leading candidate another republican slot noah phillips aide senator john corbyn according person briefed matter white house spokeswoman lindsay waters said wednesday administration announcement simon immediately return requests comment an ftc spokeswoman comment the ftc two main missions one fight scams deceptive advertising review mergers ensure comply antitrust law the ftc currently reviewing inc proposed billion acquisition whole foods market inc the ftc sued qualcomm inc january allegations anticompetitive behavior maintain monopoly chips let cell phones connect mobile data networks the ftc sued stop mergers deemed illegal staples attempt buy rival office depot it process deciding walgreens boots alliance inc allowed merge rite aid corp create largest drugstore chain in june fantasy sports companies manuel drafting scrapped plan merge following ftc legal challenge politicsnews