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The U.S. Federal Trade Commission (FTC) and Department of Justice (DOJ) are taking significant actions against major corporations for alleged anticompetitive behaviors. The FTC has accused Scott Sheffield, CEO of Pioneer Resources, of colluding with OPEC to restrict oil production and keep prices high, with investigations revealing nearly $2 million in campaign donations from him and his company. Additionally, the FTC, through spokesman Douglas Farrar, alleges that Exxon, Pioneer, and others colluded to raise gas prices for profit. Meanwhile, the DOJ supports Colorado's effort to block the Kroger and Albertsons merger, citing concerns over potential illegal collusion and the impact on market competition. This stance is echoed by various unions and advocates who have presented evidence in lawsuits against the merger. Furthermore, a new oversight board in Oregon is set to address healthcare consolidation issues potentially exacerbated by the merger, which could lead to 'pharmacy deserts' in the state. State lawmakers are also scrutinizing the role of pharmacy benefit managers in the pricing of prescription drugs.
As state lawmakers hold hearings targeting the role of pharmacy benefit managers - an influential arm in how the health insurance industry prices prescription drugs - multiple state agencies are considering how to better regulate the industry. https://t.co/YD6pM1VWCw
The Justice Department should investigate whether Kroger and Albertsons engaged in illegal collusion, unions and advocates say, citing evidence unearthed in lawsuits seeking to block the companies’ merger. https://t.co/1IK6kNK5Rt
A new Oregon oversight board focused on concerns about healthcare consolidation has the power to shape — or even derail, at least locally — a divisive mega-deal between Kroger and Albertsons that some fear would create "pharmacy deserts" in the state. https://t.co/3WntVU3gon https://t.co/waXcT7OY4i
Exclusive: The Justice Department should investigate whether Kroger and Albertsons engaged in illegal collusion, unions and advocates say, citing evidence unearthed in lawsuits seeking to block the companies’ merger. https://t.co/hCE9FOkqwU
BREAKING: The FTC has placed an allegation of collusion between Exxon, $XOM, Pioneer and many others, to raise prices on Americans at the gas pump in order to increase profit, per Douglas Farrar of the FTC.
Kroger and Albertsons face a legal challenge from the FTC https://t.co/VgpUQIzyRB #ecommerce #onlineretail #regulation #retail #grocery #onlinegrocery
The DOJ backed Colorado’s bid to block the merger between supermarket giants Kroger and Albertsons, saying federal laws don’t preclude parallel state antitrust lawsuits. https://t.co/1NszoFh2kc
The US Justice Department backed Colorado’s bid to block the merger between supermarket giants Kroger and Albertsons https://t.co/HQfghvdhbQ
The FTC assembled evidence that Scott Sheffield, CEO of fracker Pioneer Resources, actively colluded with OPEC to keep production down & oil prices high. @lukewgoldstein looked at campaign donations for him & his company, which total almost $2 million. https://t.co/1gPb2gXadz