$1 billion price cut
FTC Vs. Kroger-Albertsons Merger Case Heading To Trial
The Federal Trade Commission (FTC) trial has begun, with the agency continuing its push to block Kroger’s merger with Albertsons, alleging that the merger would “hurt customers and undermine competition” in the grocery store industry.
albertsons
US FTC’s bid to block Kroger-Albertsons merger heads to trial
The FTCwill argue Kroger’s $25 billion merger with rival grocer Albertsons is bad for shoppers and workers when the agency’s lawsuit goes to trial in federal court.
Andy Harig
Food Executives Push Back On VP Harris’s Claim Of Grocery Stores ‘Price Gouging’
Executives from the food industry have spoken out against Vice President Kamala Harris’s accusations of grocery stores and supermarkets “price gouging” as a way to shift blame away from her administration’s ineffective policies.
Biden Administration
U.S. Inflation Hits 2.9% In July, Opening Possibility For Fed To Start Cutting Rates
U.S. inflation rose 2.9% in July versus a year ago, which fell below expectations in a result that likely paves the way for the Federal Reserve to finally begin cutting interest rates next month.
000 items
Walgreens To Slash Prices On 1,300 Items As Retail Stores Fight Inflation
Walgreens has announced it will cut prices on 1,300 items across its drugstores, becoming the latest big retailer to enact discounts as consumers continue to fight against high inflation.