Good evening!

Always a wild day when the FTC finds its way into two key news headlines.

Here are the 7 things you missed today:

1. 🤑 America Banned Hidden “Junk” Fees

You know when you’re booking an Airbnb and you get to the last step only to have the price double or triple with fees? The Federal Trade Commission ruled today that’s illegal. Hotels, ticketing, and short-term rental companies will now be banned from including hidden junk “convenience” or “service” fees at checkout. Instead, pricing information must be presented transparently before consumers agree to pay. (CNN)

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3. 🇯🇵 Japan’s Honda & Nissan Began Merger Talks

Japanese automakers Nissan Motor and Honda Motor plan to enter into merger negotiations to better compete in the rapidly changing global automotive industry. The two companies are considering operating under a holding company and may eventually bring in Mitsubishi Motors. (CNBC)

5. 💰 Databricks Announced $62Bn Valuation

Databricks, one of the most valuable privately held companies, announced a $10 billion financing that values the software maker at $62 billion. The financing will allow the software company to provide liquidity to current and former employees, make acquisitions, and expand overseas. (CNBC)

6. ✏️ Grammarly Acquired Productivity Startup Coda

Not only that, but as part of the deal, Coda’s CEO and Co-Founder Shishir Mehrotra will become the new CEO of Grammarly. The financial terms were not disclosed but will help turn Grammarly’s AI assistant into an “AI productivity platform” with Coda’s AI tools and products. (TechCrunch)

7. 📹 Walmart Employees Are Wearing Body Cameras

Store-level Walmart associates in some US locations – at least one seen in Denton, Texas – are wearing body cameras as part of a pilot program to help deter conflict and prevent theft. They’re also not the first. TJX Companies (TJ Maxx, Marshall’s and HomeGoods) said earlier this year it had started using body cameras in its stores. (CNBC)

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