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Democratic Rep calls for oversight hearing on Amazon-Whole Foods tie-up
Democratic House Representative David Cicilline of Rhode Island wrote a letter to the Republican leaders of the House Subcommittee on Regulatory Reform, Commercial and Antitrust Law, requested that the committee hold an oversight hearing on Amazon's (AMZN) proposed takeover of Whole Foods (WFM). Cicilline said in the letter that he has heard concerns that the merger may discourage innovation and entrance into emerging markets, such as grocery and food delivery. The Rep added that some have raised concerns that the deal will also increase Amazon's online dominance, enabling it to "prioritize its products and services over competitors." "Without taking a position on the legality of the transaction under the antitrust laws, Amazon's proposed acquisition of Whole Foods raised important questions concerning competition policy, such as how the transaction will affect the future of retail grocery stores, whether platform dominance impedes innovation, and if the antitrust laws are working effectively to ensure economic opportunity, choice, and low prices for American families," Cicilline said in the letter