Warren, Ocasio-Cortez want to stop many company mergers during coronavirus pandemic

  • 📰 Reuters
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Two of the most popular Democrats, Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez, said on Tuesday they would introduce legislation to stop many mergers while the United States struggles economically during the coronavirus pandemic.

FILE PHOTO: Democratic U.S. presidential candidate Senator Elizabeth Warren talks to reporters outside her house about the end of her campaign for U.S. president after informing her staff that she is withdrawing from the 2020 U.S. presidential race in Cambridge, Massachusetts, U.S., March 5, 2020. REUTERS/Brian Snyder

Warren will also seek to include the moratorium in any future relief bill. House Majority Leader Steny Hoyer has said the lower chamber intends to return soon to complete a new coronavirus response bill that Democrats have vowed to use as a vehicle for funneling hundreds of billions of dollars in federal assistance to state and local governments.

“As we fight to save livelihoods and lives during the coronavirus pandemic, giant corporations and private equity vultures are just waiting for a chance to gobble up struggling small businesses and increase their power through predatory mergers,” Warren said in a statement.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What?! That's crazy talk! Let's give Wall Street quadrillions more 💵 💵 💵 just in case there's a hiccup in the Dow 70 years from now. More corporate socialism!

Warren is a targeted ad

'But he was pierced for our transgressions, he was crushed for our iniquities; the punishment that brought us peace was on him, and by his wounds we are healed.' Isaiah 53:5 Jesus is coming.

LOL

AOC and Warren are correct that mergers forced by COVID-19 will create even more monopolies. If not stopped by Congress, consumers will only have a few choices when they shop. That won't be good, because companies will be in a position to say 'if you want X you have to buy ours'

Option c?

Wtf?

we don't GAF About 'Mergers' AOC SenWarren WE WANT BERNIE OR ELSE YOU LOSE YOUR ENTIRE DEMOCRAT PARTY We're ENDING YOU TheDemocrats DNC BarackObama HillaryClinton BillClinton FOR FRAUDING/CONTINUING THE TREASON ON USA FROM 2008 ON! YoureCookedFor08 emrata iamcardib JLo

As a senator, though it pains me to say, Warren has the power introduce legislation that can pass, especially in her newfound position as broker between the centrists and the progressives. AOC is a junior congresswoman batting 0.00 on bills including the green new deal debacle.

FrasierSein Is there ANYTHING these power mad politicians DON'T want to fuck up?

So instead of one company able to survive by joining forces you would like two companies to just outright fail .. Perfect decision and not a surprise for two people who have never been in business

Canada Canada Latest News, Canada Canada Headlines