Warren, Ocasio-Cortez want to stop many company mergers during coronavirus pandemic

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Warren, Ocasio-Cortez want to stop many company mergers during coronavirus pandemic
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Two of the most popular Democrats, Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez, said on Tuesday they would introduce legislation to stop many mergers while the United States struggles economically during the coronavirus pandemic.

FILE PHOTO: Democratic U.S. presidential candidate Senator Elizabeth Warren talks to reporters outside her house about the end of her campaign for U.S. president after informing her staff that she is withdrawing from the 2020 U.S. presidential race in Cambridge, Massachusetts, U.S., March 5, 2020. REUTERS/Brian Snyder

Warren will also seek to include the moratorium in any future relief bill. House Majority Leader Steny Hoyer has said the lower chamber intends to return soon to complete a new coronavirus response bill that Democrats have vowed to use as a vehicle for funneling hundreds of billions of dollars in federal assistance to state and local governments.

“As we fight to save livelihoods and lives during the coronavirus pandemic, giant corporations and private equity vultures are just waiting for a chance to gobble up struggling small businesses and increase their power through predatory mergers,” Warren said in a statement.

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