From WSJopinion: The Justice Department last week lost its third merger case in a month. This is what happens when the government swings for the fences and brings lawsuits that lack merit.
Review & Outlook: Inflation is the fault of Congress’s Covid spending blowouts and the Federal Reserve's too slow response in tightening. Joe Biden and the Democratic Party now need a pro-growth agenda to help mitigate the economic pain. Images: Reuters/Getty Images Composite: Mark KellyHard to believe, but the Biden antitrust squad is having a worse season than the Washington Nationals did. The Justice Department recently lost its third merger case in a month.
The government traditionally hasn’t gone to court to challenge mergers unless it’s reasonably confident it can win. Justice also usually tries to address competition concerns with conditions on mergers such as asset divestitures. But the Biden Justice Department is choosing litigation first at the risk of striking out, and is it ever.
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