UPDATE 1-Warren, Ocasio-Cortez want to stop many company mergers during coronavirus pandemic [Reuters (UK)]
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Source: Reuters
Warren, Ocasio-Cortez want to stop many company mergers during coronavirus pandemic - Reuters 3 Min Read WASHINGTON (Reuters) - Two of the most popular Democrats, Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez, said on Tuesday they would introduce legislation to stop many mergers while the United States struggles economically during the coronavirus pandemic. Warren and Ocasio-Cortez said they would formally introduce the Pandemic Anti-Monopoly Act to put a moratorium on all mergers that would normally be reported to the Federal Trade Commission, and any involving companies with more than $100 million in revenue or private equity companies, among others. Warren will also seek to include the moratorium in any future relief bill. House Majority Leader Steny Hoyer has said the lower chamber intends to return soon to complete a new coronavirus response bill that Democrats have vowed to use as a vehicle for funneling hundreds of billions of dollars in federal assistanc
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