NEW YORK — Johnson & Johnson shares climbed as much as 2.7% on Wednesday, trading near $278.63 by late morning in New York and extending a yearlong rally that has pushed the healthcare giant into record.

The stock was up $7.44 from Tuesday’s close of $271.19 as of 10:01 a.m. Eastern, according to exchange data cited by market terminals. The move followed a late-August U.S. Food and Drug Administration approval for a rare-disease use of the company’s immunology drug Imaavy and a fresh Wall Street price-target increase that valued the shares well above the new high.

Johnson & Johnson, based in New Brunswick, New Jersey, has gained more than 50% over the past 12 months. The stock’s 52-week low was $173.33, set in September 2025. Intraday prints this week have exceeded the prior peak near $276.47 from Aug. 19, and some data services flagged an all-time high above $276.50 as Wednesday’s session opened.

The advance comes as investors weigh a familiar Johnson & Johnson mix: new product approvals, a raised 2026 sales target above $100 billion, a 64-year dividend-increase streak — and leftover legal costs from talc litigation.

A second approval for Imaavy

On Aug. 24, the FDA approved Imaavy, known generically as nipocalimab-aahu, for warm autoimmune hemolytic anemia in patients 12 and older who are on corticosteroids or have used them before. The agency said it is the first treatment cleared specifically for the condition, a rare autoimmune disease in which antibodies destroy red blood cells.

The FDA based the decision on a 24-week trial in which 24% of patients on the approved 30 mg/kg dose reached a durable hemoglobin response, compared with 8% on placebo. The 15 mg/kg arm did not beat placebo on that measure. The drug is given by infusion every four weeks.

Imaavy was first approved in April 2025 for generalized myasthenia gravis. The new use expands a medicine Johnson & Johnson has positioned as a franchise across autoantibody-driven diseases.

“Today’s announcement marks the second approval for IMAAVY and is an extraordinary milestone for people living with warm autoimmune hemolytic anemia, an underserved community that has waited far too long for an FDA-approved treatment,” David M. Lee, global immunology therapeutic area head at Johnson & Johnson, said in the company’s statement.

Lee told Reuters the trial also showed patients could reduce steroid use while keeping a clinical response. “Those are really important advances for patients,” he said.

Karen Jones, president of the patient group wAIHA Warriors, said in the same company release: “Living with wAIHA often means relentless fatigue and the constant uncertainty of not knowing what tomorrow will bring.”

The commercial market is small. The FDA estimates the disease affects about one to three people per 100,000 each year. Analysts treat the approval less as a blockbuster event than as proof the pipeline can still produce first-in-class labels after the loss of exclusivity on Stelara, the former immunology engine now facing biosimilars.

Why the stock is running now

Wednesday’s jump did not arrive with a new earnings report. Third-quarter results are due in mid-October; market calendars list a call as early as Oct. 13. The nearer catalysts are the Imaavy label, a defensive bid for large healthcare names after a soft tape earlier in the week, and a UBS note that assumed coverage at Buy with a $320 target, up from $280, according to research-distribution records dated Sept. 2.

Other firms were already constructive. Guggenheim maintained a Buy rating on Aug. 6 and raised its target to $287. Wells Fargo and Raymond James have published Buy-rated targets in the $280s. Consensus 12-month targets clustered recently around the mid-$270s, which means the stock has caught up with — and in Wednesday trade, surpassed — the average Wall Street number.

Valuation has stretched with the price. The shares have traded at roughly 31 times trailing earnings and the low-20s on forward estimates, richer than Johnson & Johnson’s long-run multiple. Market capitalization was in the mid-$650 billion range at Tuesday’s close and approached $670 billion on Wednesday’s bounce, with about 2.41 billion shares outstanding.

Beta remains low, near 0.23, which is why the stock often rises when investors rotate toward steadier cash flows.

The $100 billion sales test

The fundamental case still rests on second-quarter results published July 15. Johnson & Johnson reported sales of $25.31 billion, up 6.6% as reported and 5.6% operationally. Adjusted earnings were $2.90 a share, above the prior year’s $2.77 and above estimates near $2.85. GAAP earnings were $2.27 a share. Net earnings were $5.5 billion.

Innovative Medicine, the pharmaceuticals unit, posted $16.4 billion in sales, its first quarter above $16 billion, with 6.8% operational growth. MedTech contributed about $8.9 billion. Management said Tremfya recorded its first $2 billion quarter and grew more than 70%. Darzalex remained a major oncology product. Stelara’s decline was a several-hundred-basis-point drag; excluding Stelara, the company said it grew at a double-digit rate in the quarter.

Chairman and Chief Executive Joaquin Duato tied the print to a round-number goal the company has advertised all year.

“Johnson & Johnson delivered strong second-quarter results, demonstrating the power of our innovation, the depth of our portfolio and the momentum in our pipeline as we advance transformative treatments that address the world’s toughest health challenges,” Duato said in the earnings release. “With raised guidance and quarterly sales surpassing $25 billion, we are on track to meet our 2026 target of more than $100 billion in annual revenue for the first time in our Company’s 140-year history.”

On the conference call he added: “We said 2026 would be a year of accelerated growth and impact for Johnson & Johnson, and with our Q2 beat on the top and bottom line and raised guidance, we are delivering.” He said the company has 28 products and platforms that each generate more than $1 billion in annual sales.

Guidance was lifted. Estimated reported sales were set at $100.8 billion to $101.4 billion, or about $101.1 billion at the midpoint. Adjusted earnings guidance moved to $11.60 to $11.75 a share, $11.68 at the midpoint.

Dividend, legal overhang, leadership

The board raised the quarterly dividend 3.1% in April, to $1.34 a share, the 64th consecutive annual increase. The indicated annual rate is $5.36. The latest installment goes to holders of record as of Aug. 25 and is payable Sept. 8. At Wednesday’s price the forward yield is about 1.9%, lower than in recent years because the share price has outrun the payout.

Cash remains large. At the end of the second quarter the company reported about $20.8 billion in cash and marketable securities and $49.0 billion of debt. The same filing said roughly $3.7 billion remained related to talc matters and about $0.9 billion related to opioid settlements. Those figures are why some investors still treat Johnson & Johnson as a litigation story as well as a growth story.

Deal-making has continued. In June the company agreed to buy Firefly Bio for $1 billion to add oncology technology aimed at KRAS-driven cancers. It also disclosed a $785 million investment in Sail Biomedicines with an option to acquire the firm for $2.58 billion. Bloomberg has reported that Johnson & Johnson has prepared materials around a possible sale of its DePuy Synthes orthopedics business; the company has not announced a transaction.

On the management side, Tom Cavanaugh became executive vice president and worldwide chairman of Innovative Medicine on Sept. 1, succeeding Jennifer Taubert, who retired after more than two decades at the company.

What Wednesday does not settle

A 2.7% pop does not change the checklist for the October call. Investors will look for whether Tremfya, Darzalex and new launches such as Icotyde, Inlexzo and Rybrevant can keep replacing Stelara dollars; whether MedTech growth firms after pressure in heart-recovery devices; and whether Imaavy’s second label starts to show up in prescription trends.

Duato has said the company is “different from other companies — we are not focused on one or two growth drivers.” The stock’s record run is a bet that statement holds through 2026. The FDA paperwork from last week and the UBS target published against Tuesday’s close gave that bet a fresh headline. The next hard numbers are still weeks away.

Hero MotoCorp shares fell over 4% during Wednesday’s trading session on the National Stock Exchange (NSE) after its August dispatch data showed motorcycle and export volumes declining year-on-year, even as strong scooter sales kept overall dispatches positive.

The stock was trading at Rs 5,318 on the NSE at 9:48 am, down Rs 237, or 4.28%, from its previous close of Rs 5,555.

Wednesday’s decline extended Hero MotoCorp’s one-week loss to 4.64%, compared with a 1.97% fall in the benchmark index. About 2.39 lakh shares changed hands, while the company’s market capitalisation stood at Rs 1,06,805.36 crore.

The performance, however, was mixed across categories. Motorcycle dispatches declined 1.5% year-on-year to 4,93,851 units from 5,01,523 units. Exports fell 24.6% to 26,093 units from 34,588 units a year earlier.

Domestic dispatches increased 4.5% to 5,42,305 units from 5,19,139 units. Scooter volumes surged 42.8% to 74,547 units from 52,204 units, providing the biggest support to overall growth.

Hero MotoCorp dispatched 5,68,398 motorcycles and scooters in August 2026, up 2.6% from 5,53,727 units in the corresponding month last year.
For the first five months of FY27, total dispatches rose 17.2% to 27,79,127 units from 23,70,552 units in the year-ago period. Domestic volumes increased to 26,15,815 units from 22,34,193 units, while exports grew to 1,63,312 units from 1,36,359 units.The company said retail momentum remained strong, with VAHAN registrations growing 19% year-on-year. Its domestic internal-combustion-engine business recorded dispatches of 5,16,747 units and VAHAN retail growth of 18%, supported by demand ahead of the festive season.

Hero MotoCorp’s electric-mobility business, VIDA, dispatched 25,558 units during August and recorded 38% growth in VAHAN retail registrations. The company also expanded its electric-scooter portfolio with the launch of the VIDA VX2 Go in a 3.1 kWh fixed-battery variant.

Q1 Results

On August 6, Hero MotoCorp reported a 36% year-on-year increase in revenue from operations to Rs 12,999 crore in Q1FY27, compared with Rs 9,579 crore in the corresponding quarter last year.

EBITDA stood at Rs 1,727 crore, while the margin came in at 13.3%, slightly above Bloomberg’s estimate of 13%. The company sold 16.77 lakh motorcycles and scooters during the quarter, up 23% year-on-year, reflecting sustained demand across markets.

Chief executive Harshavardhan Chitale said Hero MotoCorp began FY27 with strong momentum, supported by broad-based growth across its commuter, premium, electric-mobility and international businesses.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Shares of food and quick-commerce giant Swiggy plunged 4% on Wednesday, extending losses to 6% over two sessions and wiping out nearly Rs 5,000 crore from its market capitalisation. The decline came amid concerns over potential foreign outflows following its exclusion from the MSCI and FTSE indices.

Swiggy shares dropped to Rs 264.55 apiece on Wednesday, the lowest level seen by the stock since late July. The company’s market capitalisation dropped to Rs 77,813 crore.

Swiggy’s shareholders last month gave their nod to proposals that will let the company achieve the status of an Indian-owned and controlled company (IOCC), approving a proposal to cap foreign shareholding in the company at 49.5%.

The company on September 1 entered the NSDL red flag list after foreign ownership moved within the 3% of the applicable FPI limit.

According to the official NSDL red-flag list, foreign investors can now hold a maximum of 2.8 crore Swiggy shares. Jefferies had earlier explained that stocks with a cap on foreign ownership are placed on the red-flag list when FPI holdings are within 3 percentage points of the permissible limit.

If the limit is breached, foreign investors must divest their excess holdings within five trading days of trade settlement, selling the shares only to domestic investors
Once this resulting dip in foreign ownership is updated with the depositories, benchmarks will likely exclude the stock within 2-3 business days, as per Jefferies. “In such a scenario, Swiggy could see passive outflows of over $400 million from MSCI and FTSE indices, in our view,” it added.Also read | Swiggy to see $400 million outflows after Indian-owned status? Jefferies explains why

How will this impact Swiggy’s operations?

Jefferies in its August note, however, highlighted that the move supports Swiggy management’s plan for a 1P (inventory-led) model at Instamart, which could drive 80 bps margin upside. With the crucial approval now in place, the international brokerage now expects the company to move swiftly on the implementation process. This will require notifying the depositories, which will then initiate the necessary changes, a process that may take 2-3 weeks.

The international brokerage noted that the company indicated that operational groundwork is underway, enabling a seamless migration once all necessary approvals and implementation steps are completed.

Jefferies on Swiggy share price

Jefferies has a ‘Buy’ call on Swiggy’s shares with a target price of Rs 435 per share. This implies a staggering upside potential of 58% from the stock’s previous closing price of Rs 275 apiece.

The shares of the food delivery major have fallen over 7% in a week and 32% in 2026 so far. Overall, the stock is down more than 37% in one year.

Also read | Why is market falling today? Sensex plunges over 750 pts, Nifty below 23,800. 5 key factors behind Rs 5 lakh crore wipeout

(With inputs from agencies)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

The biggest factor pushing up rates is the credibility of the borrowing plans set out by major countries. The increase is not based on fears about countries “going bankrupt”.

But it is based on the brutal market equation that if a country wants to borrow more, and to do so without a credible plan, especially if there are doubts over the stability of a given government, it should expect to pay a higher rate.

Influential economists lean on different factors. Mohamed el-Erian told me the AI competition in bond markets was the biggest new factor.

Lord Jim O’Neill, says the recent action has been caused by uncertainty about US policy, and in particular efforts by the US Government to try to manage down surging yields.

This brings us to the UK. The profound and rolling instability of multiple prime ministers, chancellors, policy U-turns and the seeming inability to push through major structural change in this country over the past decades, has attracted a premium.

It was part of Sir Keir Starmer’s strategy to try to take on boring reforms and offer markets stability in a bid to lower borrowing costs.

It was a shock to many in the markets that despite a landslide majority, Labour could not push through plans to cut Britain’s welfare bill. This added to the ups and downs in the gilt markets – the trade in British government debt.

Actually, there are signs of green shoots in the underlying economy. Economic growth has been faster than peers so far in 2026, despite the energy price spike.

Measures of consumer confidence have ticked back up again. The PM is hoping to build on these signs to help rebuild the economy.

But the ongoing rout in global bond markets raises serious questions about the coherence and detail of Burnham’s broader plans.

“More public control” and more support for those struggling with the cost of living sounds like a plan for more spending, while the former could turn off potential investors looking at the country.

Burnham’s former economic adviser, Lord O’Neill, told me yesterday that the PM’s 10-year plan, expected in November, needs to set out how he will tackle “excessive spending”.

Lord O’Neill believes showing investors he can be decisive on the state pension or the welfare bill will give him breathing room to focus on his favoured infrastructure investments.

As interest rates tick up, the trade offs facing the prime minister only get more difficult.

Shares of BEML gained nearly 2% on Wednesday to hit the day’s high of Rs 2,006 on NSE after the company secured a Rs 180 crore Vande Bharat sleeper trainset order.

According to a filing with the exchange on Wednesday, the company said that it secured an additional order for manufacturing and supply of Vande Bharat (Sleeper) trainsets valued at about Rs 180.60 crore from Integral Coach Factory.

Also Read | BEML bags Rs 180.6 crore order for Vande Bharat sleeper trains

According to a report by ET, the company has increasingly focused on expanding its presence in the rail and metro segment, with Vande Bharat emerging as a key opportunity as Indian Railways looks to add more modern trainsets to its network.

The latest order comes as the Vande Bharat platform expands into sleeper services, marking a significant step in the evolution of the train programme from premium day travel towards longer-distance overnight connectivity, the report further said.

The report also highlighted that the latest contract adds to BEML’s growing involvement in the Vande Bharat programme, as Indian Railways expands the next generation of the semi-high-speed train network beyond the existing chair-car configuration. The Rs 180.60 crore order is specifically for the manufacturing and supply of Vande Bharat sleeper trainsets and has been placed by ICF, one of Indian Railways’ major production units.
This marks the third major order win for the company in a month. On August 14, the company announced that it received an order valued at USD 6.65 million from Mauritius for the supply of BE220G Hydraulic Excavators for deployment across key African markets.This includes markets such as Liberia, Sierra Leone, Ghana, Democratic Republic of Congo (DRC), Côte d’Ivoire and neighbouring countries. The company further said that the order will be executed in phases, commencing with pilot deployment in Sierra Leone.

The company will provide comprehensive warranty, technical assistance, site-based service support, operator training, spare parts, specialised tools and maintenance documentation. With this order win, the company’s international order bookings stood at approximately USD 119 million, underscoring the growing contribution of international markets to the company’s business.

The third order win was on August 11, 2026, when the company secured a significant order worth Rs 184.25 crore from Hindustan Aeronautics Limited (HAL) for the manufacture and supply of Light Combat Helicopter (LCH) Fuselage Aerostructures.

Also Read | Hero MotoCorp, M&M, other auto stocks drop up to 5% after August sales numbers. Should you buy the dip?

In the last one month, the stock went up 13.82% and nearly 7.84% in the current calendar year. The stock was up 59.69% in the last three years and 197% in the last five years.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

Owners Gordon Brothers appointed advisors Alvarez & Marsal to explore a potential sale of the chain

The owners of Poundland are scrambling to secure a buyer for the discount retailer ahead of the crucial Christmas trading period, having already fielded interest from potential suitors.

Gordon Brothers, which acquired Poundland just a year ago, has appointed advisors Alvarez & Marsal (A&M) to gauge interest in the business after a number of parties approached the Boston-based investment firm regarding a possible takeover.

A&M has been instructed to present Gordon Brothers with a shortlist of formal bids by the beginning of October, as the all-important festive trading season gets under way, according to City AM.

The advisors will be canvassing financial investors and major retailers in the coming weeks to assess their appetite for a potential acquisition.

The accelerated process has been designed to secure Poundland’s future at the earliest opportunity, with the aim of limiting any disruption during the retailer’s busiest time of year, as reported by City AM.

Gordon Brothers anticipates that the sale of Poundland will generate considerable interest from across the retail sector, it is understood. Sky News was first to report the deal’s timeline.

The discount chain has endured a turbulent few years, which its current owners have attributed to a tough economic climate and a wide-ranging restructuring programme. Poundland plunged to an £85m pre-tax loss in the year to September, almost doubling its £45m deficit from the previous year, while group sales fell 12 per cent to £1.5bn.

The discount retailer cut its workforce by 11 per cent to 14,417 and shuttered nearly 200 stores during the same period.

The company’s directors attributed the deepening losses to “difficult trading conditions” and a “significant programme of restructuring”.

The retailer described 2025 as a “reset moment,” adding: “This led to a challenging set of numbers seen in these statutory accounts, but it has positioned the company as well as it could be in terms of its turnaround.”

New owner Gordon Brothers, however, insists Poundland has turned a corner since acquiring the struggling retailer for just £1 in July last year.

The group has recently opened its first new store in two years and has been working to restore its iconic £1 price point across its grocery range.

Barry Williams, managing director of Poundland, said: “Rebuilding trust with customers takes time, but we’re making very significant progress as we deliver the ranges and price simplicity they demand of us.”

Minecraft players across the United States and beyond began reporting widespread trouble accessing the game Wednesday morning, with outage tracking site Downdetector logging a sharp spike in complaints starting around 8:42 a.m. EDT.

The outage tracker’s official account flagged the surge in a post shared shortly after the problems began, asking affected players how the disruption was impacting them and pointing users to its live outage map for updates. The hashtag “MinecraftDown” quickly began trending on social media as frustrated players compared notes on which parts of the game were affected.

According to breakdowns of user-submitted reports, login failures accounted for the largest share of complaints, at roughly 43%, followed by server connection issues at about 31% and problems launching the game entirely at around 24%. Players attempting to sign in described being stuck in repeated authentication loops, while others reported being unable to connect to multiplayer servers or access Minecraft Realms, the game’s subscription-based hosting service for private servers.

As of Wednesday afternoon, Mojang Studios, the Microsoft-owned developer behind Minecraft, had not issued an official statement addressing the outage or confirming a root cause. Coverage of the disruption noted that a search of the company’s official channels and social media accounts turned up no acknowledgment of the issue at the time reports were first surfacing, leaving affected players largely reliant on crowdsourced outage trackers for information about the scope and likely cause of the disruption.

Wednesday’s disruption is not the first time this year that Minecraft’s online services have faltered. The game, one of the best-selling video game titles in history with hundreds of millions of copies sold worldwide, relies on a network of authentication and multiplayer servers to allow players to log in, verify ownership of the game, and connect to both official and player-run servers. When those backend systems experience trouble, players are frequently locked out of single-player and multiplayer modes alike, even when their own internet connection and hardware are functioning normally.

Earlier this summer, Minecraft experienced a similar disruption that began in the early morning hours, when players reported being unable to launch the game through the official Minecraft Launcher. At the time, affected users encountered error messages indicating the game could not connect to Minecraft’s servers and was unable to verify which products the account owned, both hallmarks of authentication-server trouble rather than a problem tied to any individual player’s device or internet connection.

Outage tracking services have also logged a steady stream of smaller, shorter-lived disruptions to Minecraft throughout the year, including issues affecting sign-in functionality, multiplayer access, and Minecraft Realms specifically. One such incident tied to Realms saw the game’s support team publicly acknowledge “intermittent service disruption” affecting the subscription hosting service, though the company did not immediately specify a timeline for a permanent fix.

The largest and most disruptive Minecraft outage in recent memory came in October 2025, when a broader outage affecting Microsoft’s Azure cloud computing platform knocked out a range of services tied to the tech giant, including Minecraft’s authentication systems and Xbox Live. That incident illustrated how deeply Minecraft’s online infrastructure, like many modern online games, depends on cloud computing services that also underpin a wide array of unrelated products and platforms, meaning a single point of failure at the infrastructure level can ripple outward to affect millions of players simultaneously.

Minecraft’s ownership under Microsoft, following the tech giant’s roughly $2.5 billion acquisition of Mojang more than a decade ago, has tied the game’s backend infrastructure closely to Microsoft’s broader cloud and identity-verification systems. That integration allows players to use a single Microsoft account to access Minecraft alongside other Microsoft and Xbox products, but it also means outages affecting Microsoft’s authentication services can directly translate into Minecraft access problems, even when the game’s own core servers remain functional.

For most players affected by outages of this kind, the practical impact is straightforward but frustrating: an inability to launch the game, log into an existing account, or connect to online multiplayer servers and Realms, even though locally stored single-player worlds may, in some cases, remain accessible depending on the specific nature of the disruption. Troubleshooting guides commonly circulated during such incidents typically advise players to check official status trackers before assuming a problem lies with their own device, since authentication-related outages tend to affect large numbers of users simultaneously regardless of individual hardware, internet speed or geographic location.

Downdetector and similar outage-tracking platforms compile user-submitted reports in near real time, comparing the volume of incoming complaints against a baseline level of normal background reports to determine whether a genuine service-wide outage is underway. A sudden, sharp spike in reports across many users, as was recorded early Wednesday, is typically treated as strong evidence of a broader service disruption rather than isolated, unrelated technical problems affecting individual players.

Minecraft remains one of the most widely played video games in the world, maintaining a large and highly active player base across personal computers, consoles and mobile devices more than a decade and a half after its original release. The game’s enduring popularity, combined with its heavy reliance on centralized authentication and server infrastructure for both single-player and multiplayer access, has made outages of this kind a recurring point of frustration for its community whenever backend systems falter, even for relatively brief windows of time.

As of Wednesday afternoon, it remained unclear how long the latest disruption would persist or what specifically triggered it. Players affected by the outage were advised to monitor official Minecraft and Mojang support channels, along with independent outage trackers, for updates on when full service would be restored.

EXCLUSIVE: The Federal Communications Commission (FCC) on Wednesday proposed a new consumer tool dubbed a Robocall Scorecard that gives consumers insight into efforts to crack down on illegal robocalls, FOX Business has learned.

A public notice was released by the FCC on Wednesday that seeks input on key principles for the creation and usability of a Robocall Scorecard. Those include ensuring that it’s easy to understand and accessible to consumers, establishing rating criteria that are relevant and accurate, as well as creating an iterative process to improve the Scorecard.

“Combatting the scourge of illegal robocalls remains the FCC’s top consumer protection priority. And since I became chairman, we have been tackling the problem at every point of the call path,” said FCC Chairman Brendan Carr.

“In keeping with this steady drumbeat of work on behalf of American consumers, today’s announcement reinforces the agency’s dedication to protecting consumers from illegal robocalls and ensuring they have the tools they need to make informed choices,” Carr added.

US BANS NEW FOREIGN-MADE CONSUMER INTERNET ROUTERS OVER SECURITY CONCERNS

The notice outlines categories of potential metrics – conduct-based metrics and outcome-based metrics – while also seeking comment on the FCC’s data sources and metrics to ensure they’re relevant in assessing how well providers are successfully and accurately protecting their customers from illegal robocalls.

Additionally, the FCC is seeking comment on ways to ensure that rating criteria and data are derived from sources that clearly disclose reliability limitations, while not inherently disadvantaging any particular provider.

Carr said that the scorecard will not only give consumers “more information about the measures providers are taking to fight illegal robocalls,” but will also “incentivize providers to improve their efforts.”

FCC ROBOCALL CRACKDOWN COULD CHANGE PHONE PRIVACY

The notice says that it’s seeking comment on which providers should receive a scorecard rating, adding that the FCC’s proposal is to only rate domestic voice service providers with retail customers – including all types of retail providers across network types that are subject to illegal robocalls. It also offers more detail about the proposed conduct and outcome-based metric categories.

Conduct-based metrics would evaluate whether a provider has taken specific steps or responded to specific requests regarding illegal robocall mitigation, regardless of whether doing so is shown to reduce illegal robocalls.

This would cover things like providers offering consumer tools to label or block calls, as well as efforts made by providers to label or block calls and their responses to traceback requests.

FCC MAKES AI-GENERATED ROBOCALLS ILLEGAL AFTER FAKE BIDEN VOICE USED

Outcome-based metrics would measure if a provider’s efforts actually reduce illegal robocalls reaching consumers, such as whether the number, rate, or severity of illegal robocalls experienced by consumers is lower because of something the provider did.

The outcome-based category would look at consumer complaints filed with the FCC and other federal agencies; aggregated data on the number of calls blocked along with the false positive rate for legitimate calls that are mistakenly blocked, and on the percentage of illegal robocalls received by consumers; as well as trend data showing the change over time in the volume or rate of illegal robocalls, drawn from third-party analytics sources when possible.

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