Warren, Ocasio-Cortez Float Long-Shot Bid to Pause M&A in Crisis

Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez are proposing to ban corporate mergers while the coronavirus crisis persists, as the Democrat Party’s progressive wing seeks to reassert itself after falling short in the presidential primaries.

Warren of Massachusetts and Ocasio-Cortez of New York said Tuesday that with smaller companies falling victim to the economic turmoil at a higher rate, large corporations with cash reserves bolstered by up to $4 trillion in Federal Reserve lending could increase their power over the U.S. economic landscape.