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.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warren, Ocasio-Cortez call for temporary halt to big mergersNBC News exclusive: The Pandemic Anti-Monopoly Act by the two progressive lawmakers aims to influence the U.S. coronavirus response and raises the stakes for the election.
Read more »
'Little or no transparency': Warren wants data on White House medical supply programNEW: Two Senate Democrats are probing 'Project Airbridge,' the Trump administration program aimed at getting medical supplies to hospitals amid the pandemic, warning the effort is too opaque.
Read more »
Elizabeth Warren Demands To Know How Kushner Is Directing Medical SuppliesElizabeth Warren and Richard Blumenthal are pressing the country's largest medical suppliers to shed light on an 'opaque' program.
Read more »
Warren Buffett's annual Berkshire Hathaway meeting will have only 2 participants this year, after breaking an attendance record in 2019 | Markets InsiderThis year, only Warren Buffett and vice chairman Greg Abel will be in attendance at the Berkshire Hathaway annual meeting, the company said Mond...
Read more »
'One of the most ridiculous deals that I've ever seen': Carl Icahn blasted Occidental Petroleum's $10 billion financing from Warren Buffett again | Markets InsiderCarl Icahn blasted Occidental Petroleum's financing deal with Warren Buffett once again after the oil refiner paid its dividend to Berkshire Hat...
Read more »
One Rich New York Hospital Got Warren Buffett's Help. This One Got Duct Tape.NEW YORK -- It has been hours since the 71-year-old man in Room 3 of the intensive care unit succumbed to COVID-19, the disease caused by the coronavirus. His body has been cleaned, packed in an orange bag and covered in a white sheet, but the overextended transport team from the morgue has yet to arrive.The
Read more »