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Mergers that were blocked or challenged by the Biden admin in 2024

The Biden administration has actively intervened in several high-profile mergers in 2024, reflecting a stringent antitrust policy aimed at protecting competition and consumer interests. Key actions include the Federal Trade Commission (FTC) challenging the merger between Kroger and Albertsons, citing potential price hikes and reduced consumer choice in the grocery sector. Similarly, the FTC blocked the merger of Illumina and Grail, a deal that would have combined a leading DNA sequencing company with a cancer detection startup, due to concerns over monopolistic control in the market for multi-cancer early detection tests. Additionally, the Department of Justice (DOJ) challenged the merger of JetBlue and Spirit Airlines, arguing that it would lead to higher airfares and fewer options for budget-conscious travelers. These interventions underscore the administration's commitment to enforcing antitrust laws to prevent market consolidation that could harm consumers.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/mergers-that-were-blocked-or-challenged-by-the-biden-admin-in-2024/ar-AA1wwWHv ]