FTC Chair Lina Khan defends merger and acquisition crackdown

Published On Sep 23, 2024, 1:46 PM

FTC Chair Lina Khan defended her agency's strict stance on mergers and acquisitions during a '60 Minutes' interview, arguing that consolidation among companies is harmful to consumers and drives inflation. Khan emphasized that the FTC will block mergers that harm market competitiveness, despite some proposed deals potentially leading to efficiencies. She mentioned that fewer companies controlling more market share can lead to higher prices and less incentive for companies to benefit consumers. Additionally, she acknowledged the pressure from CEOs regarding the agency's actions but stressed her focus on consumer protection and competition.