New York: Hillary Clinton said AT&T Inc.’s proposed $85.4 billion deal to acquire Time Warner Inc. raises concerns and should be closely scrutinized by US regulators before they decide whether to sign off on the tie-up.
“It raises questions and concerns and they should be looked into," the Democratic presidential nominee told reporters on her campaign plane on Wednesday. “So I’m going to follow it closely, and obviously if I’m fortunate enough to be president, I will expect the government to conduct a very thorough analysis before making a decision."
Clinton’s words—her first on the topic—could move the companies’ share prices, as she leads in polls over Republican nominee Donald Trump. In August, Clinton sent Mylan NV’s shares plummeting as much as 6.2% after calling for the company to drop the price of its EpiPen emergency allergy shot. She drove the Nasdaq Biotechnology Index down on the morning of 21 September 2015, when she tweeted: “Price gouging like this in the specialty drug market is outrageous. Tomorrow I’ll lay out a plan to take it on."
Trump said over the weekend he’d try to block the deal if elected. Lawmakers from both parties also have called for government scrutiny.
With AT&T and Time Warner, the deal will be scrutinized by antitrust regulators, who assess for anti-competitive effects, and possibly by the Federal Communications Commission as well, which can take a broader look. Bloomberg