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Senator Elizabeth Warren urges U.S. Justice Dept to aggressively fight price-fixing

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U.S. Senator Elizabeth Warren, a Democrat who has argued for the breakup of tech giants like Amazon, Google and Facebook, has urged the Justice Department to be more aggressive in fighting price-fixing and to stop making deals with corporate wrongdoers that defer prosecution in exchange for good behavior.

"The nation is dealing with inflation at its highest level in decades, much of it driven by corporate greed and anticompetitive behavior, and the federal government must use every tool available to prevent price gouging and reduce prices for Americans," Warren wrote in a letter dated Monday and sent to Attorney General Merrick Garland and his deputy, Lisa Monaco.

Warren criticized, in particular, price-fixing deferred prosecution agreements that the department reached with Argos USA, a cement producer, and three generic drugs companies, Taro Pharmaceuticals, Novartis unit Sandoz, and Apotex.

 

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