BIG by Matt Stoller β’ 19710 implied HN points β’ 28 Feb 24
- The $25 billion Kroger-Albertsons merger is facing challenges as the Federal Trade Commission and nine states sue to block it due to potential negative impacts on consumer prices and wages.
- The case is significant because it involves a novel application of antitrust law, focusing on labor grounds and the impact on union bargaining terms.
- The merger's potential consequences, including higher prices and lower wages, have sparked political response from politicians and unions, indicating widespread concern and opposition.