FTC’s Khan Urges Blocking Mergers That Threaten Competition

The transcript discusses the Federal Trade Commission's (FTC) approach to mergers under the Biden administration, particularly through a letter from FTC Chair Lina Kahn to Senator Elizabeth Warren. Kahn expresses skepticism about behavioral fixes and asset divestitures as remedies for mergers, advocating for blocking problematic deals outright. The discussion highlights the FTC's increased enforcement actions and scrutiny of major deals, such as Lockheed Martin's proposed acquisition of Aerojet Rocketdyne, which faces opposition from competitors and concerns about its impact on the defense sector.

What implications does the proposed Lockheed Martin deal have for the Biden administration's antitrust approach?

What warnings did Senator Warren provide regarding the Lockheed Martin deal?