FTC Chair Lina Khan defends merger and acquisition crackdown

Federal Trade Commission Chair Lina Khan said in an interview that aired Sunday that corporations are driving inflation and defended her agency's role in cracking down on mergers and acquisitions. Khan was interviewed for CBS News' "60 Minutes" by Lesley Stahl, who attended a town hall held by Khan and Rep. Alexandria Ocasio-Cortez, D-N.Y., where the FTC chair said, "Too often fewer and fewer companies are controlling more and more of the market.

Stahl asked if abandoning a merger amid the FTC's scrutiny was a win, to which Khan said, "That's right." KROGER-ALBERTSONS MERGER HEADS TO TRIAL Khan added that it's "important to step back and keep all of this in context" and explained, "Of all the thousands of deals that are proposed every year, the FTC and DOJ collectively investigate maybe 2% or 3%.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTC Chair Lina Khan welcomes companies weighing antitrust in deals, addresses criticsFTC Chair Lina Khan welcomes companies weighing antitrust in deals, addresses critics
Source: Investingcom - 🏆 450. / 53 Read more »

Kroger-Albertsons merger could raise grocery costs, FTC chair warnsGrocery chains Kroger and Albertsons want to merge. It's a move Federal Trade Commission Chair Lina Khan worries could hurt customers already dealing with high food costs.
Source: CBSNews - 🏆 87. / 68 Read more »

Social media companies, video streaming services engage in 'vast surveillance' of users, FTC saysFTC Chair Lina Khan says tech giants such as Meta and Google 'endanger people's privacy' and 'expose them to a host of harms.'
Source: CBSNews - 🏆 87. / 68 Read more »