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Warren and Ocasio-Cortez want a deal freeze

Senator Elizabeth Warren of Massachusetts and Representative Alexandria Ocasio-Cortez of New York escalated a Washington pushback against M.&A. during the pandemic.

The two introduced the Pandemic Anti-Monopoly Act, which would temporarily block many corporate acquisitions, including those by companies with more than $100 million in revenue and those owned by private equity or hedge funds. It would also direct the Federal Trade Commission to block deals that “pose a risk to the government’s ability to respond to a national emergency.”

• It expands on an M.&A. moratorium proposed by Representative David Cicilline, the Rhode Island Democrat who leads the House antitrust panel.