Category: market competition

USDA Must Address ‘Corporate Concentration’ of Baby Formula Industry: Democrat Senators

May 14, 2022
Abbott Nutritionbaby formulaBusiness & EconomyCompaniesmarket competitionmonopoliesUSUS News
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Eight Democrat senators have written a letter to the Secretary of the United States Department of Agriculture (USDA) Thomas J. Vilsack asking him to tackle the baby formula industry’s “alarming level of corporate concentration” amid a shortage of the product. Four companies, Abbott Nutrition, Mead Johnson, Gerber, and Perrigo, control almost 90 percent of the…

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New Zealand Food Prices Grew at Highest Annual Rate in Over a Decade

April 15, 2022
Asia & PacificAustraliaBusiness & Economyfood inflationinflationmarket competitionNew ZealandWorld
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Food prices in New Zealand (NZ) over the year to March 2022 grew at the fastest rate, 7.6 percent, in over a decade, according to Stats NZ. It was the largest increase since the year to July 11, where prices increase 7.9 percent on the back of a GST increase from 12.5 to 15 percent….

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Fitbit Acquisition Sees Google Face Further Scrutiny in Australia Amid Dominance Concerns

December 25, 2020
ACCCAustraliaBusinessCompaniesconsumer datadominanceGoogle Acquisition of Fitbitmarket competitionWorld
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Google’s US$2.1 billion ($3 billion) acquisition of Fitbit has seen the tech giant face a setback in Australia after the Australian Consumer and Competition Commission (ACCC) rejected Google’s initial offer to temporarily limit how it would use data collected by the fitness tracking devices. The announcement comes after a similar offer was accepted by the European…

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