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As Prices Rise Due to Inflation, Biden Turns to Antitrust Enforcers



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But, Mr. Maffei said, the focus on antitrust has given the commission tools and confidence to investigate other abuses by shipping companies, now and in the future, when demand falls and companies might be tempted to try to keep their freight rates artificially high. “I think it has upped our credibility” with companies and discouraged anticompetitive behavior, he said.Perhaps the administration’s most sustained focus, in the near term, has been on the meat industry. A report from the National Economic Council this month accused the largest meat processing companies of price gouging to pad profits. According to the latest data from the Bureau of Labor Statistics, prices for meat w …

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