In a recent 60 Minutes interview, journalist Lesley Stahl asked Federal Trade Commission (FTC) Chair Lina Khan several insightful questions about mergers. In particular, Ms. Stahl inquired as to their beneficial effects: “What about the argument that when companies merge prices often come down, because of efficiencies, scale?” Ms. Stahl also noted that courts have rejected the FTC’s aggressive antimerger theories and that “start-up founders complain that [Chair Khan] is spooking investors so much, she’s actually stifling innovation.” […]
