Two billionaire backers of Vice President Harris and Democratic candidates called for FTC Chair Lina Khan to be replaced over what they see as Khan's anti-business attitude.
A pair of billionaire supporters of Vice President Harris said in interviews last week that she should consider firing Federal Trade Commission chair Lina Khan over her efforts to oppose corporate mergers and acquisitions. Khan has led the Biden administration's efforts to leverage antitrust law to scrutinize mergers for their competitive impact on prices paid by consumers and whether workers would face layoffs.
Barry Diller, chairman of IAC and Expedia, was asked in an interview with CNBC if he would join others in lobbying Harris to replace Khan as leader of the FTC and replied, "Yeah, I would. I think she's a dope." Diller said that he will "donate the maximum" to the Harris campaign and suggested that other donors who were anxious about Biden seeking another term could come around to supporting the vice president like he had.
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