Insights and Stories on Biden

Mar. 11, 2022 at 7:29 pm CST

Reuters — The U.S. Department of Agriculture is opening an inquiry into the impacts of concentration in the fertilizer, seed and retail markets. The inquiry stems from the Biden administration’s July 2021 executive order to promote competition across the U.S. economy, the agency said in a release Friday. Global supply […]

By Leah Douglas

Feb. 10, 2022 at 9:38 pm CST

Windsor/Washington | Reuters — Canada should use federal powers to ease the growing economic disruption caused by the blockage of a vital U.S.-Canada trade route by protesters opposed to coronavirus mandates, U.S. President Joe Biden’s administration said on Thursday. The closure of the Ambassador Bridge, North America’s busiest international land […]

By Carlos Osorio, Ismail Shakil, Steve Holland

Feb. 2, 2022 at 9:49 pm CST

Reuters — JBS has agreed to pay US$52.5 million to settle litigation accusing meatpacking companies of conspiring to limit supply in the $63 billion-a-year U.S. beef market in order to inflate prices and boost profit. The preliminary settlement by the Brazilian company and its U.S. units with so-called direct purchasers […]

By jonathan-stempel

Jan. 4, 2022 at 4:11 pm CST

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Tuesday, pressured by new federal efforts to address a lack of competition in the U.S. meat processing sector. The initiative, announced by U.S. President Joe Biden on Monday, includes funding for more independent meat processors, strengthening enforcement of […]

By Christopher Walljasper

Jan. 3, 2022 at 7:18 pm CST

Reuters — The United States will issue new rules and US$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, President Joe Biden said Monday. The initiative comes amid rising concerns […]

By Leah Douglas