August 27, 2024

Money

NPR -  The biggest supermarket merger in U.S. history is now in the hands of a federal judge. Government regulators are asking a district court in Oregon to stop the deal between Kroger and Albertsons, the top two U.S. supermarkets. Kroger owns Fred Meyer, King Soopers, Harris Teeter and Ralphs while Albertsons owns Vons and Safeway. The $25 billion merger has been under review for almost two years“It touches on the hottest topic of the year: grocery prices,” NPR’s Alina Selyukh tells Up First. The Federal Trade Commission argues combining the two competitors would raise prices and reduce options for shoppers, giving more power to the new grocery giants.

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