Wednesday, January 22, 2025

Schumer leads 23 senators in demanding FTC probe of oil industry mergers 

Senate Majority Leader Chuck Schumer (D-N.Y.) and 22 other Democratic senators sent a letter to Federal Trade Commission (FTC) Chair Lina Khan on Wednesday demanding an investigation of two major proposed oil industry mergers and warning that the consolidations could hurt consumers.  Schumer and his colleagues want the FTC to investigate ExxonMobil’s proposed $60 billion…

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