Judge rules to block $24.6 billion Kroger-Albertsons merger ...Middle East

A federal judge ruled Tuesday to block a $24.6 billion merger between American grocery giants Kroger and Albertsons. Lawyers for the Federal Trade Commission, backed by President Joe Biden’s administration, and for the supermarket chains gave their closing arguments at the end of a three-week hearing in September on the commission’s request for a preliminary injunction to block the $24.6 billion deal. On Tuesday, a judge handed down a ruling siding with the FTC, who had argued that the merger could eliminate competition and lead to higher prices in court filings and hearings. Kroger and Albertsons argued their merger would preserve consumer choice by allowing them to better c

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