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1 day agoThe two companies “engage in substantial head-to-head competition and the proposed merger would remove that competition,” Ferguson wrote. As a result, the proposed merger would likely to lead to outcomes that “unilaterally” harm consumers, and is thus "presumptively unlawful. "
Judge Ferguson also ruled the merger would be bad for workers, arguing increased consolidation would reduce workers’ bargaining power.
So grateful for how this touch handle this. 💜
The ruling represents a victory for the Biden administration and especially FTC Chair Lina Khan, who has taken an unprecedentedly aggressive approach toward countering mergers likely to create monopolies.
+1 Khan!
Purity is a human construct. Purity doesn’t exist.
What you can do… What you can effect… Is to always improve, always learn, and always grow.
Press forward in goodness and wholeness. Let that be purity enough.