FTC Says Large Grocers Used Size, Scale to Edge Out Smaller Rivals

WSJ What’s News

The Wall Street Journal

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4 • 4K Ratings

🗓️ 21 March 2024

⏱️ 14 minutes

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Summary

P.M. Edition for March 21. Federal regulators say large grocery store chains were able to beat smaller rivals, using their size to keep their shelves stocked during the pandemic. Logistics and supply chain reporter Liz Young has more. And the Justice Department sues Apple, alleging it exploits an illegal monopoly. Plus, shares of Reddit soar, closing up more than 48% in its market debut. Annmarie Fertoli hosts. Correction: Fifteen states and the District of Columbia joined the Justice Department’s suit against Apple. An earlier version of this podcast incorrectly said 17 states were involved. (Corrected on March 21) Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Did you know you can listen to this show ad free on Amazon Music included with your Prime membership?
0:06.0	To start listening, download the Amazon Music App for free and catch up on the latest episodes without the ads.
0:15.0	The U.S. Justice Department sues Apple, alleging it exploits monopoly power.
0:21.0	And federal regulators say large grocery chains use
0:25.1	their size and scale to edge out smaller rivals during the pandemic. This report
0:29.7	really falls in line with a lot of what we already know as consumers. You know grocery prices have
0:33.9	been high and stayed high. Plus, Reddit stock jumps in its market debut. It's Thursday March 21st.
0:40.5	I'm Anne Marie Fertoli for the Wall Street Journal.
0:43.0	This is the PM edition Columbia have sued Apple, alleging
0:58.5	the tech giant exploits in illegal monopoly.
1:01.6	The suit claims Apple prevented software developers and
1:04.0	mobile gaming companies from offering better options on the iPhone, leveraging its
1:08.4	dominance to block software and limit the functionality of competing devices,
1:12.4	resulting in higher prices for consumers.
1:15.2	Apple says it plans to vigorously defend against the lawsuit.
1:18.6	With today's filing, U.S. officials have now sued all four of the tech giants they've been focused on.
1:23.5	Wall Street Journal Technology Editor Brad Olson has more.
1:26.5	Apple has also faced a lot of regulatory scrutiny over the App Store.
1:30.8	This is very distinct from that.
1:32.2	It's actually about how Apple interacts with outside
1:36.4	parties that want access to its users. Also, the other cases that the different regulators have brought against the other tech companies
1:44.5	are sort of all based on different aspects of what those companies do. In the Google case, one of the big
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