The Biden administration's aggressive regulatory stance towards big businesses has stymied growth, a cohort of entrepreneurs, venture capitalists and other business sector experts expressed to Fox News Digital. Earlier this week, Albertsons abandoned its $25 million merger with fellow grocery store chain Kroger, after the Federal Trade Commission , led by President Biden appointee Lena Khan, sought to challenge the buyout, arguing it would stifle competition and raise prices.
Meanwhile, in a statement to Fox News Digital, FTC spokesperson Douglas Farrar said that the recently blocked grocery store merger 'makes it clear that strong, reality-based antitrust enforcement delivers real results for consumers, workers, and small businesses.' 'Today's win protects competition in the grocery market, which will prevent prices from rising even more,' he added.
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