3. FTC and States Sue to Halt Kroger-Albertsons Grocery Merger, Citing Price Concerns
The Federal Trade Commission (FTC) and nine state attorneys general move to block Kroger’s $24.6 billion acquisition of Albertsons, citing antitrust concerns. The merger, proposed in October 2022, aims to bolster competition against retail giants like Walmart and Amazon. However, regulators fear it would diminish competition and hike prices for consumers. The FTC files a lawsuit and administrative complaint, while both companies vow to contest the action in court. (AP)
4. Zoom Surges 13% After Beating Q4 Expectations; Growth Remains Single-Digit
Zoom’s shares spike 13% in after-hours trading as the company…
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