U.S. Senator Elizabeth Warren, a Democrat who has argued for the breakup of tech giants like Amazon, Google and Facebook, has urged the Justice Department to be more aggressive in fighting price-fixing and to stop making deals with corporate wrongdoers that defer prosecution in exchange for good behavior.
"The nation is dealing with inflation at its highest level in decades, much of it driven by corporate greed and anticompetitive behavior, and the federal government must use every tool available to prevent price gouging and reduce prices for Americans," Warren wrote in a letter dated Monday and sent to Attorney General Merrick Garland and his deputy, Lisa Monaco.
Warren criticized, in particular, price-fixing deferred prosecution agreements that the department reached with Argos USA, a cement producer, and three generic drugs companies, Taro Pharmaceuticals, Novartis unit Sandoz, and Apotex.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elizabeth Warren accuses Tyson Foods of 'jacking up meat prices'For the quarter, Tyson said the average price of beef rose by nearly 32 percent, raking in $5 billion.
Read more »
The US Justice Dept. arrests the duo behind a $3.6-billion crypto heistThe Department of Justice has arrested a pair allegedly responsible for stealing roughly $3.6 billion in bitcoin! It's 'the department’s largest financial seizure ever'.
Read more »
Justice Dept. Signals It May Allow Safe Injection SitesThe Justice Department is signaling it might be open to allowing so-called safe injection sites, or safe havens for people to use heroin and other narcotics with protections against fatal overdoses.
Read more »
Galaxy S22 series home tags leak confirms a $1199 Galaxy S22 Ultra base priceLeaked Korean Galaxy S22 prices are good news for the U.S. tags.
Read more »
BREAKING: US Government Seizes $3.6 Billion Worth of Crypto Linked to Bitfinex HackThe U.S. Department of Justice has confiscated worth of crypto linked to the infamous Bitfinex hack
Read more »
US Senator: China's Digital Currency Could Subvert US Sanctions, Enhance Surveillance Capabilities – Regulation Bitcoin News“Analysts have raised the eCNY’s potential to subvert U.S. sanctions, facilitate illicit money flows, enhance China’s surveillance capabilities.” crypto cryptocurrency bitcoin $BTC
Read more »