Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez want to stop mergers of large companies during the coronavirus pandemic. According to Business Insider, they plan to introduce a bill called “Pandemic Anti-Monopoly Act.” The Federal Trade Commission will then determine when “small businesses, workers, and consumers are no longer under severe financial distress.” Large companies are defined as businesses with over $100 million in revenue or market capitalization in the bill. Private equity companies, hedge funds, companies majority-owned by them and businesses with a patent on coronavirus-related products are also included.
