The two companies tout their deal as necessary for innovation and claim that it doesn't decrease competition in the field. Those arguments will be difficult to prove, says Eleanor Fox, an antitrust expert at NYU Law School. The third and fourth largest mobile networks in the U.S. announced a $26.5 billion merger Sunday that they claim will help develop a 5G network and create jobs. The deal still needs approval from regulators, who have expressed antitrust concerns in the past.
For full interview, [click here](https://cheddar.com/videos/inside-the-legal-hurdles-facing-t-mobile-sprint-merger).
U.S. health officials are alerting consumers about two more recalls of eyedrops due to contamination risks that could lead to vision problems and serious injury.
The U.S. Department of Agriculture is proposing a new rule to narrow what products qualify for a "Product of USA” or “Made in the USA” label. Now only meat, poultry and egg products from animals "born, raised, slaughtered, and processed in the United States" will make the grade.
The Biden administration sued to block JetBlue Airways' $3.8 billion purchase of Spirit Airlines, saying Tuesday that the deal would reduce competition and drive up air fares for consumers.
Federal Reserve Chair Jerome Powell will hint that the central bank could increase the pace of interest rate hikes if data indicate price pressures continuing.
