Posted 2/27/2024, 1:04:00 PM
FTC Seeks to Block Kroger-Albertsons Merger Over Inflation and Competition Concerns
- FTC moved to block $25B Kroger-Albertsons supermarket merger, arguing it would raise prices and hurt workers
- Grocery prices driving high inflation that's hurting Biden's approval ratings
- Biden blames big companies for "shrinkflation," reducing product sizes without cutting prices
- Tough FTC antitrust enforcement under Lina Khan aligns with Biden message that he's fighting for consumers
- Blocking merger could give Biden credibility with voters feeling squeeze of high inflation
