White House criticizes meat giants for jacking up prices after Tyson’s earnings

White House press secretary Jen Psaki on Monday raised concerns about large meat processors, as she responded to a reporter’s question about better-than-expected earnings from Tyson Foods . Psaki told reporters during a briefing that she didn’t have “any reaction directly to one company’s earnings,” but Biden administration officials continue to be concerned that meat conglomerates are “so dominant” that they’re elbowing out smaller companies and they have an “ability to jack up prices and pass those on to consumers when they should not.” The administration and industry traded barbs last year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Previous post S&P 500 ends below 4,000 Monday for first time in over a year
Next post S&P 500 trades below 4,000 for first time since April 2021 as stocks extend selloff