Labor advocates are celebrating the FTC considering the impact of mergers on employee leverage, as seen in a grocery store merger where the largest union opposed the deal. Meanwhile, the deal between Capital One and Discover is facing scrutiny from top Democrats. On the other hand, Chinese EV maker BYD is disrupting the auto market by releasing a high-performance electric supercar and a budget sedan, aiming to compete across different market segments and challenging established automakers like Tesla. This move has US automakers concerned about BYD's aggressive entry into the market.
Episode 267: Neal and Toby explain why the FTC is suing to block another major merger, this time between two grocery giants. Plus BYD enters the luxury car game while also rolling our a $15,000 model that is putting auto makers on notice. Next up, Samsung is putting big money into the Galaxy Ring and Toby shares his favorite trends. Finally, why are there so many car washes? And Amazon finally joins the Dow.
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