Schumer wants FTC to stop $53 billion Chevron-Hess merger due to antitrust concerns

From Investing.com: 2024-05-12 22:35:39

Senate Majority Leader Chuck Schumer has called on the Federal Trade Commission to pause the $53 billion merger between Chevron and Hess Corporation. The deal, which would create one of the biggest oil companies in the U.S., is currently under review by the FTC for potential antitrust concerns. Schumer is concerned about the impact on consumers and competition in the oil industry.



Read more at Investing.com: Schumer urges FTC to hit the brakes on $53 billion Chevron-Hess merger