LEADING THE DAY: The House Energy and Commerce subcommittee on manufacturing, trade and commerce will hold a hearing today on children’s privacy and examining the Federal Trade Commission’s proposed changes to the Children’s Online Privacy Protection Act. Those changes would extend the rule to cover evolving technologies such as Web and mobile platforms for children under the age of 13.

The FTC’s Mary Koelbel Engle, associate director of the division of advertising practices, will testify today, along with privacy and security experts. Morgan Reed, executive director of the Association for Competitive Technology, will also testify.

Apple releases the iPhone 4S: Apple released the iPhone 4S in a keynote event Tuesday, drawing some backlash from disappointed consumers who wanted to see more than an evolutionary update, The Washington Post reported. The new phone has a faster processor, an 8MP camera and a new voice assistant feature that recognizes a broad range of commands.

Apple shares fell as much as 5 percent after the announcement, closing down 0.6 percent as the rest of the market rallied.

Samsung seeks iPhone 4S ban in France, Italy: Samsung said Wednesday that it will try to block the sale of the iPhone 4S in France and Italy, the Wall Street Journal reported. The two companies are locked in legal battles over their respective smartphone and tablet designs and Samsung has already filed suit against Apple in two European countries. Courts in Germany and the Netherlands have stopped the sales of Samsung devices in response to infringement claims from Apple.

HTC admits to security flaw: HTC confirmed reports that it has a serious security flaw in many of its phones. In a statement, the company said that it has found “a vulnerability that could potentially be exploited by a malicious third-party application” in many of its phones. The company is working to release a security update.

CALM Act: Sen. Jay Rockefeller (D-W.Va.) sent a letter to the FCC arguing that the CALM Act, which was passed last year to address loud television commercials, should apply to all TV ads. Some smaller cable operators have argued the act should only apply to larger broadcasters, the Hill reported, but Rockefeller said that was not the spirit of the law.

“Despite what some parties are now suggesting, we did not intend to fix this problem for only a small fraction of commercials,” Rockefeller wrote.