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February 20, 2024

Capital One Announces $35 Merger with Discovery; Colorado Sues over Kroger-Albertsons Merger
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In business news, Capital One announced it's acquiring Discover
Financial Services for $35 billion, merging two of the country's largest
credit card companies. The deal will have to pass regulatory approval as
the Biden administration is seeking to tighten rules on financial
mergers.

Meanwhile, Colorado is suing to block grocery chain Kroger's $25 billion
merger with Albertsons. The merger would create the largest supermarket
chain in the U.S., with some 5,000 stores, giving it near-monopoly
control to set prices and underpay its workers.


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