Nov 12, 2024, 12:00 AM
Nov 12, 2024, 12:00 AM

Trump presidency likely to oust Lina Khan as FTC Chair

Highlights
  • Donald Trump is set to retake the presidency, leading to speculation about personnel changes at the FTC.
  • Lina Khan has been a notable antitrust regulator, blocking numerous mergers and targeting major corporations.
  • Her likely replacement is expected to result in a more business-friendly regulatory environment.
Story

In the United States, the political landscape is shifting as Donald Trump prepares to assume the presidency once again. As part of this transition, it is widely expected that Lina Khan, the current Chair of the Federal Trade Commission (FTC) and a prominent figure in antitrust regulation, will be replaced. Khan has gained a reputation for her aggressive stance against corporate mergers and practices that threaten competition, advocating for policies that prevent industry consolidation and protect consumers. Her tenure has seen significant actions against major corporations and industries including grocery chains and technology companies. Analysts suggest that with Khan's potential ousting and the expected Republican majority in the commission, business regulations may become less stringent, benefiting corporate interests. Investors are responding positively to this anticipated regulatory shift, with stock prices for companies like Kroger and Albertsons rising in anticipation of fewer obstacles to mergers and acquisitions under a Trump administration.

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