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Reported Exxon, Chevron merger shows need for more US antitrust enforcer funding, Senator Klobuchar says

( February 1, 2021, 16:37 GMT | Official Statement) -- MLex Summary: Reports of preliminary talks last year between the chief executives of Exxon Mobil and Chevron about a possible merger show the need for more funding for US antitrust enforcers, US Senator Amy Klobuchar said. "Mergers like these are being considered for one obvious reason: the lawmakers, regulators, and courts have allowed increased consolidation in industry after industry," Klobuchar said in a release. "In the end competing companies considering a merger just look at each other and say ‘why not...who is going to stop us?’”Statement follows below: ...

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