DEVELOPING: Trump Administration Ditches FTC's Ban on Noncompetes, Sparking Industry Fears

Breaking News: Trump Administration Ditches FTC's Ban on Noncompetes, Sparking Industry Fears The Trump administration is moving to vacate the Federal Trade Commission's (FTC) ban on noncompete agreements, a decision that has sparked fears among industry leaders. According to sources, the move comes after a federal judge in Texas halted the ban nationwide due to concerns over the FTC's authority. The ban, championed by former FTC chair Lina Khan, was finalized in 2024 but never took effect. The Trump administration is now appealing the ruling to the 5th Circuit Court of Appeals, which could potentially reverse the decision and reinstate the ban. Industry leaders are sounding the alarm over the potential impact on workers' rights and competition. "This move is a step backward for workers and will only serve to stifle innovation and entrepreneurship," said a spokesperson for a major industry group. The FTC's ban on noncompetes was seen as a significant accomplishment under President Biden, aimed at protecting workers from restrictive employment agreements that prevent them from taking new jobs or starting their own businesses. The move has been met with opposition from business groups, who argue that the ban would harm companies and limit job opportunities. This is a developing story, and we will provide updates as more information becomes available. *This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Npr.*