'The meat processing industry is one of the worst offenders of these monopolistic, unfair practices.'
"Four giant companies control 85% of the market for meat—raking in massive profits while families pay higher prices," Sen. Elizabeth Warren Monday."I'm glad President Biden is taking steps to create a more competitive beef and poultry industry. We need to break up Big Ag and lower prices."
The White House also said it will strengthen product-labeling rules,"work to increase transparency in cattle markets so that ranchers can get a fair price for their work," and bolster worker protections. During his remarks at Monday's roundtable meeting, Biden echoed an argument advanced by a number of progressive analysts and commentators in recent days: Corporate concentration and greed are"In too many industries, a handful of giant companies dominate the market," the president said.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Biden urges vaccines, says not even the White House is immune to COVID-19U.S. President Joe Biden said on Tuesday that COVID-19 cases were rising even at the White House as he urged unvaccinated Americans to get vaccinated and others to get booster shots.
Les mer »
Biden and Harris to speak marking one year since January 6And Senate Majority Leader Chuck Schumer invoked January 6 and said Senate would vote on changing filibuster to pass voting rights bill.
Les mer »
Biden unveils plan to boost competition in US meat industryBiden said the US will issue new rules and $1 billion in funding this year to support independent meat processors and ranchers as part of a plan to address a lack of 'meaningful competition' in the meat sector.
Les mer »
Biden to meet with farmers as he seeks to cut meat prices | AP NewsPresident Joe Biden will meet virtually with independent farmers and ranchers to discuss initiatives to reduce food prices by increasing competition within the meat industry, part of a broader effort to show the administration is trying to combat inflation .
Les mer »
Biden vows US to act decisively if Russia invades UkraineThe White House says President Joe Biden has conferred with Ukraine’s leader over the Russian troop buildup near its border, promising that the U.S. and allies will act “decisively” if Russia further invades Ukraine.
Les mer »
Biden offers $1 billion to small meat producers to fight inflationThe Biden administration will offer $1 billion to help independent meat and poultry producers in its latest measure to fight inflation, the White House announced Monday.Driving the news: The Biden administration has argued that large corporations and corporate monopolies are responsible for rapidly rising prices. It specifically blames four monopolists in the meat-processing industry for increasing meat prices.Stay on top of the latest market trends and economic insights with Axios Markets. Subs
Les mer »