FTC Chair Lina Khan plans to investigate potential price manipulation by major grocery chains.
FTC Chair Lina Khan plans to investigate whether major grocery chains are exploiting their power to raise prices for US shoppers despite eased pandemic-related supply chain disruptions. If approved, federal regulators will scrutinize mergers that may have made certain chains too influential and potential price-fixing collusion. The investigation comes after a report by the FTC and the Department of Justice cast doubt on retailers' justifications for maintaining high prices.
August 11, 2024
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