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US Department of Justice Reportedly Plans Criminal Probe into Beef Companies
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According to The Wall Street Journal, citing people familiar with the matter, the antitrust division of the US Department of Justice is set to launch a criminal investigation into the conduct of major meat processors supplying US consumers. In November last year, US President Donald Trump accused beef companies of manipulating the prices they pay ranchers for cattle and driving up consumer prices. Criminal antitrust cases typically involve allegations such as price fixing, market collusion, or bid rigging against customers by competitors. In calling for the investigation, Trump criticized meat processors, most of which are foreign-owned. A spokesperson for the Department of Justice declined to comment. (to/s) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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