In March 2020, the US Department of Justice launched an investigation into the proposed merger between Willis Towers Watson and Aon. The agency ruled that the deal would have caused too much concentration in the insurance industry. The stock is rising over the last 5 days, going up from $261.34 on August 9 to $275.00 in the last trading session, marking a 5.2% increase.
The Justice Department’s decision to shut down the government’s antitrust division is the latest example of the Obama administration’s growing concern about companies’ antitrust policies. It could have a significant effect on the profitability of many public companies. In a statement, the US Attorney General said that the decision to call off the merger between Willis Towers Watson and Aon was made for American businesses and consumers. He noted that the move would preserve competition in the insurance industry.
The Department of Justice’s scrutiny of businesses’ anti-competitive practices has increased under the Biden administration. This includes scrutiny of companies such as Visa and Paypal. In addition, President Joe Biden issued an executive order that severely affected antitrust practices. The Trump admin also added Jonathan Kanter to the department’s antitrust division.
Finance and Entertainment Reporter
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