The top officials at Kroger and Albertsons tried on Tuesday to assure senators worried about food prices and industry consolidation that consumers will benefit from their supermarket giants' proposed $24.6 billion merger.
Analysts say consumers are likely to see relatively high prices in grocery stores and restaurants for some time, due to strong commodity markets and high agricultural input costs that get passed through the food chain.
The Department of Agriculture provided 45 additional days to comment on its proposed rule to address market concentration and competition, the “Inclusive Competition and Market Integrity Under the Packers and Stockyards Act.
House Democrats will soon be under new leadership. Speaker Nancy Pelosi announced Thursday that she will step down from leadership along with Majority Leader Steny Hoyer, D-Md., and Majority Whip Jim Clyburn, D-S.C.
Calling it a “watershed moment in the history of food,” Uma Valeti, CEO and founder of UPSIDE Foods, praised the first-ever “no questions” letter from the Food and Drug Administration on the safety of UPSIDE's cultivated chicken fillet.