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antitrust
'Families Shouldn’t Pay the Price' for Monopolies: Mamdani Pushes Regulators to Reject Western Union Merger
The proposed deal "would represent a direct wealth transfer—one that would further strain the already challenging economic circumstances facing New York City’s immigrant communities," said the city's mayor.
May 14, 2026
With the Trump administration refusing to take substantive antitrust action—reaching a recent deal with a meat company accused of price fixing and settling a Biden-era lawsuit that accused Live Nation of monopolizing live entertainment—New York City Mayor Zohran Mamdani is using his influential position to urge the blocking of a corporate merger that he says would harm working families across the city.
Mamdani wrote to the New York State Department of Financial Services (DFS) late last month, outlets are reporting this week, urging the state financial regulator to block Western Union's $500 million merger with International Money Express, or Intermex.
With 4.5 million users, Intermex has a small fraction of Western Union's customer base of 150 million people who use wire transfer services. But Mamdani wrote that over the past decade the smaller company has "nearly tripled its share of remittances sent from the United States"—transfers of money that immigrants send back to their families in their home countries.
"In the US-to-Ecuador and US-to-Nicaragua corridors, Intermex’s market shares are 34% and 36%, respectively," wrote the mayor, showing that it is "winning customers away from Western Union, the historic market leader."
With immigrants increasingly using remittances to secure financial stability in case they are swept up in the Trump administration's mass deportation operation, "remittances are a crucial lifeline for New Yorkers and their communities abroad," wrote Mamdani.
On social media Thursday, Mamdani added that "families shouldn’t pay the price for corporate monopolies."
He told DFS that maintaining competition between providers of the service keeps prices for families "more competitive, encourages compliance with relevant consumer protection and disclosure requirements, and incentivizes reliability."
"The proposed merger would change that. By eliminating competition between Western Union and Intermex, the deal could lead to
higher fees (including those the businesses may fail to disclose), disadvantageous rates, worse terms, poorer service, and other impacts to these communities," wrote Mamdani, who has centered his agenda as mayor on making New York City more affordable for working families. "In short, it would represent a direct wealth transfer—one that would further strain the already challenging economic circumstances facing New York City’s immigrant communities."
The mayor noted that immigrants' access to affordable remittance services are already under threat, after the Republican Party's One Big Beautiful Bill Act imposed a 1% excise tax on cash remittance transactions.
"Now, this merger threatens to impose a new private tax on these same remittances, in the form of higher, supracompetitive prices that will flow directly to Western Union’s corporate coffers," said Mamdani.
Responding to the mayor's call for the merger to be blocked, Western Union claimed in a statement to DFS this week that the companies, should they be permitted to merge, would still provide "accessible and affordable" remittance services.
The mayor cited several US Supreme Court rulings that have found corporate mergers that would substantially lessen competition to be illegal and said that despite legal precedent, "the Trump administration has declined to challenge the merger on antitrust grounds."
"But that is not where the story ends," wrote Mamdani. "Instead, the deal still requires a series of money transmitter license approvals, including from the New York State Department of Financial Services."
"The conditions for disapproval are clearly met here," the mayor continued. "The transaction is manifestly against the public
interest, as it would lead to higher fees and worse rates for hard-working, disproportionately immigrant families, across New York City and the state—all to inflate Western Union’s balance sheet."
Semafor and The New York Times suggested that the influence of former Federal Trade Commission Chair Lina Khan may have pushed the mayor to lobby DFS to reject the merger. Khan is an outside adviser to Mamdani and served as co-chair of his transition team.
While working in the Biden administration, Khan blocked and challenged major corporate mergers including Kroger's attempt to acquire Albertsons, Meta's bid to buy virtual reality app company Within, and JetBlue's proposed merger with Spirit Airlines.
Daniel Hanley, a senior legal analyst at the anti-monopoly group Open Markets Institute applauded Mamdani's decision to wade into the debate over Western Union's proposed merger.
"State and local officials can supplement law enforcement," said Hanley, "while the federal government abdicates its fiduciary responsibilities."
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'Stinks of Rotting Meat': Critics Warn Trump DOJ Settlement Would Legalize Price-Fixing
"Get ready for even higher prices for chicken, turkey, and pork," said one antitrust attorney.
May 08, 2026
US President Donald Trump's Justice Department moved Thursday to settle a Biden-era antitrust lawsuit against the analytics firm Agri Stats, proposing an agreement that critics say would effectively give the stamp of federal approval to meat industry price-fixing schemes.
The Justice Department—now headed by Acting Attorney General Todd Blanche, formerly Trump's personal lawyer—hailed the proposed settlement as a "historic" win over a company whose "business model directly raised the price of chicken, turkey, and pork in local grocery stores across our nation." But critics said the agreement, which must undergo review by a federal judge, would do nothing substantial to rein in price-fixing in the meat industry.
Lee Hepner, senior legal counsel for the American Economic Liberties Project, said the deal "stinks of rotting meat," noting that the settlement was proposed just days before the case was set to go to trial.
"No way does it address the harms," Hepner said of the 79-page settlement. "Agri Stats spent decades hiking prices on over 90% of processed meat in the country. Now they're being told to exercise some discretion going forward."
"It's a gut punch to those who worked on this case for four years thinking it might actually deter these price fixing services from cropping up in every other industry," Hepner added.
The Biden administration brought the antitrust lawsuit against Agri Stats in September 2023, accusing the company and its subsidiary EMI of "collecting, integrating, and distributing competitively sensitive information related to price, cost, and output among competing meat processors."
"While distributing troves of competitively sensitive information among participating processors, Agri Stats withholds its reports from meat purchasers, workers and American consumers, resulting in an information asymmetry that further exacerbates the competitive harm of Agri Stats’ information exchanges," the Biden DOJ said.
"This settlement legalizes meat price-fixing—it just says you have to bring the giant retailers and distributors in on the game."
The Trump Justice Department's settlement would require Agri Stats to "make the vast majority of information" it distributes "available to all interested domestic purchasers on reasonable and non-discriminatory terms," along with several other conditions.
But the settlement states that EMI is not otherwise "prohibited... from continuing to provide EMI Price Reports in substantially the same manner as it did as of April 24, 2026."
Agri Stats noted in a statement Thursday that it "denied all allegations" of illegal conduct and "has admitted no wrongdoing" as part of the settlement. Agri Stats' lead counsel in the case called the deal "a win" for both the company and consumers—a claim that antitrust advocates rejected, calling the agreement blatantly one-sided in the corporation's favor.
"This settlement legalizes meat price-fixing—it just says you have to bring the giant retailers and distributors in on the game," wrote Basel Musharbash, managing attorney at Antimonopoly Counsel. "Get ready for even higher prices for chicken, turkey, and pork."
The proposed Agri Stats settlement is the latest favorable deal that Trump's Justice Department—which is in the grip of lobbyists with ties to the president—has cut with a major corporation accused of illegal price-fixing.
Last November, as Common Dreams reported, the Justice Department agreed to settle a Biden-era lawsuit filed against the real estate software company RealPage, which was accused of an "unlawful scheme to decrease competition among landlords in apartment pricing and to monopolize the market for commercial revenue management software."
RealPage welcomed the settlement, noting that the agreement included "no financial penalties, damages, or findings or admissions of wrongdoing."
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'Antitrust Disaster' Looms as Warner Bros. Shareholders Approve Paramount Megamerger
"This megamerger will diminish creativity and diversity in entertainment, weaken journalists' ability to expose wrongdoing and hold those in power accountable, and further endanger our democracy," warned one expert.
Apr 23, 2026
Less than a year after the controversial marriage of Paramount and Skydance, the combined media company cleared another hurdle to growing even bigger, with Warner Bros. Discovery shareholders on Thursday "overwhelmingly" backing a proposed merger—which sparked fresh criticism of the $110 billion deal.
"Today, Warner Bros. Discovery shareholders voted for their short-term financial gains, not for the public good," declared Free Press co-CEO Craig Aaron. "While shareholders voted against fat pay packages for departing executives—a symbolic rebuke, since the board doesn't have to listen to them—they've opened the door to wholesale layoffs across the news and entertainment industry, more propaganda in news coverage, higher prices for consumers and fewer choices for audiences across the United States and around the world."
"But shareholders don't get the final word," Aaron continued. "That's why we have antitrust enforcers and courts of law."
The Paramount-Warner Bros. deal must be approved by US and international regulators. In an apparent bid to ease that process, Paramount CEO David Ellison—son of billionaire Republican megadonor Larry Ellison—is holding what opponents have dubbed a "corruption gala" honoring President Donald Trump on Thursday.
"With Trump officials cheering on this deal, state attorneys general must investigate this massive industry consolidation and step in to stop Paramount's takeover," Aaron argued. "This megamerger will diminish creativity and diversity in entertainment, weaken journalists' ability to expose wrongdoing and hold those in power accountable, and further endanger our democracy. It also concentrates far too much media power in the hands of one company and one family, the Ellisons."
"This corrupt merger is far from a done deal," he stressed. "Just because Paramount shareholders won't take a stand against billionaire and White House control of the media, it doesn't mean we can't. While Paramount is flaunting its corruption and fêting Trump officials, we're standing with the workers and artists at the heart of the news and entertainment industries—and with the American public, which deserves more than an ever-shrinking circle of control over what they see, hear and read."
Potentially impacted workers are also speaking out. Last week, a group of Hollywood actors, directors, and producers published an open letter blasting the proposed merger. As the Los Angeles Times reported, during a Wednesday press briefing organized by Free Press and other critical groups, Michele Mulroney, president of the Writers Guild of America West, also sounded the alarm.
"This is already an incredibly consolidated industry where writers have seen merger after merger leave fewer and fewer companies in control of what our members can get paid to write," Mulroney said. "A combined Warner Bros. and Paramount would create a media behemoth with tremendous leverage to reduce content, to raise prices, to increase control of production, to suppress member compensation, worsen working conditions, and silence the voices of our members."
As New York City Mayor Zohran Mamdani declared that "this merger should be stopped," Jane Fonda's Committee for the First Amendment led a rally outside Warner Bros.' Manhattan headquarters early Thursday. The group called the shareholder vote "a serious setback—for our industry, for the workers who sustain it, for consumers, and for the fundamental democratic values that depend on a diverse and independent media landscape."
"But this merger is not a done deal—and this fight is far from over," the committee emphasized. "We've seen time and again that sustained pressure works. Efforts to challenge consolidation, from the proposed Tegna-Nexstar Media Group deal to scrutiny of Live Nation Entertainment and Ticketmaster, have demonstrated that coordinated legal, political, and public advocacy can change outcomes, especially when state attorneys general step in to protect the public interest."
"We will continue pressing forward on every front," the group pledged. "A handful of powerful decision-makers should not be allowed to quietly reshape American media, culture, and creative life without accountability. We will keep speaking out for the workers and artists at the heart of this industry, and for the public, which deserves more than an ever-shrinking circle of control over what they see, hear, and read. This fight continues. And we fully intend to win."
Later Thursday, the committee, Free Press, and other organizations—including Common Cause, MoveOn, and Public Citizen—are planning to protest Ellison's dinner for Trump at the United States Institute of Peace in Washington, DC at 5:30 pm ET.
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