The following is an excerpt from Martha C. White | October 24, 2016 | msnbc.com |
AT&T's announcement that it plans to buy Time Warner for $85.4 billion is drawing reactions not only on Wall Street, but on the presidential campaign trail, as well.
For voters, it could be an early preview of how Hillary Clinton, who has been criticized by her party's left flank for being too accommodating of corporate interests, might handle big corporate mergers and the anticompetitive concerns they raise if she were elected.
With just two weeks to go before the election, both Donald Trump and Bernie Sanders swiftly and unequivocally denounced the deal. In a rare show of bipartisanship, the top-ranking Republican and Democrat on the Senate's antitrust subcommittee issued a joint statement saying the deal "would potentially raise significant antitrust issues."
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