Sunday, March 12, 2023

Reuters: “Elizabeth Warren leads cavalry into deal battles”

We're fighting by Elizabeth's side for an economy that works for everyone, not just CEOs and powerful corporate interests.
Warren Democrats

Danielle,

Here's a column headline that recently caught our eye, from Reuters:

Reuters: Elizabeth Warren leads cavalry into deal battles

The column highlights how Elizabeth has successfully encouraged federal agencies to use all their tools to challenge big, harmful corporate mergers — mergers that can lead to lower wages, higher prices, worse service, and a less competitive economy:

"[Suing to stop Jetblue from buying Spirit Airlines] would be the third curious regulatory intervention in recent weeks, each encouraged by Democratic Senator Elizabeth Warren. The cases speak to how President Joe Biden's administration is pushing its consolidation crackdown to new extremes."

Of course, if you want to talk about "extremes," there's this: for decades, regulators took their hands off the wheel and allowed corporate concentration to reach extreme heights.

From the airline industry to grocery stores to agribusinesses to Big Tech to Ticketmaster, a smaller number of giants gained more and more power, and they've used that power to stomp on working people and consumers.

Big problems require big solutions, and that's Elizabeth's speciality. She's fighting back against corporate concentration — and the Biden-Harris administration has stepped up to the plate, appointing strong officials and taking action against corporate monopolies.

Here's what the column said about how Elizabeth is helping to change the game for merger-hungry corporations: "As the senator charges up the competition cavalry, dealmakers may have to redraw their battle plans."

If you're glad that Elizabeth is in this fight against corporate monopolies, and if a financial contribution would make sense for you right now, help keep her in the ring with a donation of $15 or any amount.

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Thanks for everything,

Team Warren

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