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Democratic chorus against proposed Capital One-Discover merger grows louder

The proposed merger between credit card companies Capital One and Discover has been criticized by Democrats on the House Financial Services Committee for what they say are mergers and lax regulation of the financial sector. 16 Democrats on the House Financial Services Committee, including Ranking Member Maxine Waters (D-Calif.); wrote a letter On Wednesday, he […]

Kroger-Albertsons merger: Is it good or bad for shoppers?

A lawsuit filed by the Biden administration’s Federal Trade Commission (FTC) to block Kroger and Albertsons’ proposed $24.6 billion merger will question whether the partnership hurts competition, as the agency claims, or if it hurts competition. This is causing a debate as to whether this is the case. Beneficial for consumers. The deal would see […]

Warner Bros. Discovery halts merger talks with Paramount Global

A list of potential suitors for Paramount Global was released on Tuesday after Warner Bros. Discovery announced it would no longer pursue merger talks with the struggling media giant, according to reports. Shrunk. CNN’s parent company, Shari Redstone, struggled for months before making the decision to exit Shari Redstone’s debt-ridden company, CNBC reported, citing sources […]

Battle ramps up over grocery giants’ proposed merger

The agency said,Largest supermarket merger proposal “In U.S. history” could stifle competition, raise prices and harm workers. “This supermarket megamerger comes at a time when American consumers have seen their grocery prices steadily rise over the past few years. Kroger’s acquisition of Albertsons is expected to increase grocery prices for everyday staples. “This would lead […]

FTC, state AGs sue to block Kroger-Albertsons merger

The Federal Trade Commission (FTC) says Kroger’s $24.6 billion supermarket merger proposal could stifle competition, lead to higher prices and harm workers. The company filed a lawsuit seeking an injunction against the acquisition of Sons. Nine bipartisan attorneys general from Arizona, California, the District of Columbia, Illinois, Maryland, Nevada, New Mexico, Oregon, and Wyoming joined […]

Democrats urge Biden administration to block Capital One, Discover merger

Several Democratic lawmakers on Sunday urged the Biden administration to block the planned merger of Capital One and Discover Financial Services, saying it would consolidate the credit card market and limit consumer choice. Sen. Elizabeth Warren (D-Mass.) and 12 House Democrats said the $35.3 billion merger would elevate Capital One from its status as the […]

AT&T’s outage nightmare, Nvidia smashes records, Capital One-Discover merger

The president of Yardeni Research gave his views on the easing of pessimism in the stock market, saying that the economy is “very resilient” in terms of “making money”. — Nationwide cell phone outage caused by AT&T leaves customers without their phones. — Nvidia leads Dow, S&P 500 and Nasdaq to break records — Capital […]

Democrats blast ‘dangerous’ Capital One-Discover merger

The proposed merger between Capital One and Discover quickly drew pushback from some Democratic lawmakers and consumer advocacy groups, who argued that the partnership could reduce competition and increase rates and costs for consumers. . Senate Banking Committee Chairman Sherrod Brown (D-Ohio) said, “When it comes to mergers of this size, regulators need to do […]

SEC approves Truth Social, Digital World merger

The Securities and Exchange Commission (SEC) has approved a merger between former President Trump’s media startup and a blank check company seeking to take his platform, Truth Social, public. Digital World Acquisition Corporation (DWAC) announced Wednesday that its registration statement for its merger with Trump Media & Technology Group (TMTG) has been declared effective. The […]

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