Tag Archives: monopoly

FTC and State AGs Sue to Block Kroger-Albertsons ‘Mega Merger’

“By suing to block the Kroger-Albertsons merger, the FTC is keeping grocery bills down and workers in their jobs,” said one anti-monopoly campaigner.

By Jake Johnson. Published 2-26-2024 by Common Dreams

The Federal Trade Commission Building, Washington, DC. Photo: Adam Fagen/flickr/CC

The Federal Trade Commission and a bipartisan group of state attorneys general joined forces Monday on a lawsuit aimed at blocking the supermarket giant Kroger from buying up the Albertsons grocery chain, warning the merger would hamper competition, further drive up food prices, and harm workers.

If completed, the $24.6 billion deal would mark the largest supermarket merger in U.S. history at a time when grocery chains are facing growing scrutiny for driving up prices to pad their bottom lines. A Kroger-Albertsons grocery behemoth would control more than 5,000 stores and 4,000 retail pharmacies across the country, according to the FTC.

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Critics Say Biden Plan to Cut Drug Costs Too Friendly to Big Pharma

“Federal agencies have shown themselves reluctant to act against unreasonable prices, and this new proposal may give them permission to continue to do nothing,” said one expert.

By Brett Wilkins. Published 12-7-2023 by Common Dreams

Photo: ccPixs.com

While welcoming the White House’s willingness to tackle pharmaceutical companies’ patent abuse and high prescription drug prices, progressive critics argued Thursday that U.S. President Joe Biden must do more to challenge Big Pharma’s monopoly power.

The White House on Thursday announced “new actions to promote competition in healthcare and support lowering prescription drug costs for American families, including the release of a proposed framework for agencies on the exercise of march-in rights on taxpayer-funded drugs and other inventions.”

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Critics Warn $15 Billion Merger of Global Water Giants Would Create ‘Dangerous Corporate Monopoly’

“Veolia’s plan to dominate public water services all across the globe is becoming a terrifying reality.”

By Kenny Stancil, staff writer for Common Dreams. Published 4-12-2021

French-based transnational corporation Veolia agreed in principle to acquire Suez, its main rival, for $15.5 billion on Monday, setting the stage for the creation of a water and waste management juggernaut that critics warn would be a “dangerous corporate monopoly” destined to “hurt consumers and enrich shareholders.”

The Wall Street Journal characterized the deal between the two largest private water corporations in the world, which is not expected to be finalized until May 14, as a profit-seeking attempt to “soak up a global surge in infrastructure and climate-change spending.” Continue reading

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Trump FCC Sued for Granting ‘Favors to Massive Media Conglomerates Like Sinclair’

“This FCC seems intent on looking the other way as people in the U.S. brace for a new wave of media mergers.”

By Jake Johnson, staff writer for CommonDreams. Published 3-9-2018

In an effort to stop the GOP-controlled Federal Communications Commission (FCC) from gutting regulations aimed at preventing major corporations from dominating local media, a coalition of advocacy groups filed a lawsuit on Friday accusing the agency of repeatedly violating court orders to examine the impact of its deregulatory moves “on localism, diversity, and competition in broadcast ownership.”

“This FCC seems intent on looking the other way as people in the U.S. brace for a new wave of media mergers,” said Jessica González, deputy director of Free Press, one of the groups behind the suit. “Runaway consolidation gouges newsrooms and hurts communities—especially marginalized communities that more often depend on broadcast TV for local news.” Continue reading

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