US lawmakers question FTC’s efforts to stop Illumina’s deal for Grail By Reuters – Investing.com
US lawmakers question FTC’s efforts to stop Illumina’s deal for Grail By Reuters – Investing.com
WASHINGTON (Reuters) - Two Republican lawmakers on Thursday questioned the Federal Trade Commission's efforts to unwind life science company Illumina Inc (NASDAQ:)'s $7.1 billion acquisition of Grail Inc, alleging the regulator was not following a normal path in its work.
Members of Congress Jim Jordan and Darrell Issa wrote in a letter to FTC Chair Lina Khan that agency actions related to the deal require congressional oversight, demanding documents related to the FTC's work.
"The FTC's approach to the Illumina-GRAIL merger departs from its typical enforcement process and raises questions about the Commission's interference in the case," the Sept. 2 letter said.