It is the 17th of September 2019

News

Democrats Urge Antitrust Action Against Amazon Over Whole Foods Deal

In the wake of their embarrassing electoral defeat in November, Congressional Democrats are turning against the wealthy tech benefactors who bankroll their campaigns. To wit, a group of 12 Democratic Congressman have signed a letter urging the Department of Justice and the Federal Trade Commission to conduct a more in-depth review of e-commerce giant Amazon.com Inc.'s plan to buy grocer Whole Foods Market Inc., according to Reuters.

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Bed, Bloodbath, & Beyond

Bed, Bath, & Beyond collapsed in after-hours trading to below $30 per share - the lowest since July 2009 - as yet another retailer hits the wall.

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Grocery Stocks Crash After Amazon Buys Whole Foods

Whole Foods stock was halted for 'news pending'... and now we have the answer - Amazon to acquire Whole Foods Market for $42/share in an all-cash transaction valued at ~$13.7b, including Whole Foods Market’s net debt.

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Meet The "Gardening Blogger" Who May Have Overcharged Americans Billions For Supermarket Chicken

Billions of dollars worth of chicken are sold in the United States each year through various supermarket chains.  Given the shear volume of chicken sales, most Americans simply take for granted that the prices are set based a transparent, competitive marketplace of buyers and sellers.  Certainly, before now, not many would have guessed that their grocery bills for poultry were being determined by a single, self-described "gardening blogger" from the Georgia Department of Agriculture.  Unfortunately, it's looking increasingly like that is exactly what happened and it likely resulted in Americans being overcharged billions of dollars for chicken purchased in supermarkets.

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