Biden to target meatpacking giants over surging inflation

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Biden to target meatpacking giants over surging inflation
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President Biden on Monday will roll out a new plan to target a handful of meatpacking companies that control the bulk of the nation's supply, months after his administration accused the conglomerates of facilitating anti-competitive behavior that has caused meat and poultry prices to skyrocket.

Corporations are facing investigations as the White House faults large companies. FOX Business’ Lydia Hu with more.on Monday will roll out a new plan to target a handful of meatpacking companies that control the bulk of the nation's supply, months after his administration accused the conglomerates of facilitating anti-competitive behavior that has caused meat and poultry prices to skyrocket.

President Joe Biden and the White House COVID-19 Response Team participate in a virtual call with the National Governors Association from the South Court Auditorium of the Eisenhower Executive Office Building of the White House Complex on Monday, DecThe White House will also dedicate funding to train workers in the industry and improve conditions, and establish stricter rules for meatpackers that use a "Product of USA" designation to ensure consumers are aware of where the meat is...

A shopper looks beef at a Kroger store in Atlanta underneath a sign limiting shoppers to three packages of ground beef on Tuesday, May 5, 2020.Inflation has quickly emerged as one of the biggest economic concerns as U.S. consumers grapple with the fastest price increases in nearly 40 years.

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