The FTC's Trial on the Kroger-Albertsons Grocery Merger

WSJ Opinion: Potomac Watch

The Wall Street Journal

Society & Culture, News

4.2 • 2.8K Ratings

🗓️ 28 August 2024

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Lina Khan’s Federal Trade Commission goes to court to stop the supermarket giants Kroger and Albertsons from combining, arguing it could raise food prices and limit competition for union workers. But the companies say the opposite, arguing that they're under pressure from club stores, online outlets, and more. Plus, the FTC loses a separate case on noncompete agreements. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Don't you wish your life came with a warning app?
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0:15.0	From the opinion pages of the Wall Street Journal,
0:21.0	this is Potomac Watch.
0:24.4	The Federal Trade Commission goes to court this week as it tries to block the grocery
0:29.2	mega merger of Kroger and Elbertsons.
0:32.6	But as FTC Chair Lena Khan's stretching antitrust law and buying into Joe Biden's narrative
0:38.2	about greedflation.
0:40.1	Plus, Khan's legal record gets worse as another federal court blocks her sweeping ban on non-compete agreements.
0:47.0	Welcome, I'm Kyle Peterson with the Wall Street Journal.
0:50.0	We're joined today by my colleagues, columnist Alicia Finley,
0:54.0	and editorial board member Manay Uquay Berua.
0:57.2	Opening arguments began on Monday in a federal court
1:00.0	in Portland, Oregon after the FTC moved in February to Block Kroger's $25 billion
1:06.8	takeover deal for Albertsons.
1:09.2	The news stories say that this would be the biggest supermarket merger in history.
1:14.3	The FDC's chief trial counsel in her opening statement arguing that it would eliminate
1:19.0	the competition the shoppers and workers depend on in one fell swoop.
	...

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