Doctor X wrote:What are you implying, Anax?
Only that apparently
, stock traders see this as good news for Herbalife.
Which is why didn't go any farther. Like I said, we'll just have to wait and see what actually happens.
Although generally Republicans have more of a reputation for being laissez faire about regulations, so maybe it's not totally unfounded. Plus things that Trump himself has said (whether they apply specifically to the FTC, or to Herbalife, is another question):
Vowing To Roll Back Regulations, Trump Faces Uphill Task
President-elect Donald Trump says he has a simple goal in mind when it comes to federal regulations. In a video he released Monday, Trump said he "will formulate a rule that says that for every one new regulation, two old regulations must be eliminated. So important."
Two other relevant points:
Trump taps Carl Icahn for regulations busting post
Trump's transition office said Wednesday that activist investor Icahn "will be a leader in helping American entrepreneurs shed job-killing regulations that stifle economic growth."
. . .
"It's time to break free of excessive regulation and let our entrepreneurs do what they do best: create jobs and support communities," Icahn said in the announcement. "President-elect Trump is serious about helping American families, and regulatory reform will be a critical component of making America work again."
Icahn, who has advised Trump on some of the people picked to run regulatory agencies, claims an expertise "in seeing stupid things being done" by government agencies. Icahn says agencies like the Environmental Protection Agency are ruining businesses for no reason.
"I'm not anti regulation. I'm anti the stupidity of some of these regulations and it has just run amok," he told CNN.
And who happens to be a top shareholder in Herbalife?
Herbalife top shareholder Icahn says he may boost stake to half
Icahn, speaking Tuesday at the Delivering Alpha conference conducted by cable channel CNBC, said he is serious enough about the possibility of owning half of Herbalife — up from 21.1 percent now — to discuss it with the Federal Trade Commission.
The agency’s permission is required for an investor to take a major stake in any company.
So, am I wrong?
A fool thinks himself to be wise, but a wise man knows himself to be a fool.