Cramer Criticizes FTC Chair Khan's Policies, Argues They Negatively Impact Investors

Despite Khan's opposition to mergers, corporations like Microsoft and Amgen have managed to overcome bureaucratic obstacles, says Cramer.

Jim Cramer, host of CNBC’s “Mad Money,” criticizes FTC Chair Lina Khan's opposition to mergers and acquisitions, arguing it has negatively impacted investor portfolios and stock valuations.
Cramer cites the proposed merger between Nippon Steel and U.S. Steel as an example, where Nippon Steel was willing to pay a premium, indicating Wall Street’s undervaluation of U.S. Steel.
Cramer suggests that potential mergers and acquisitions could promote competition across different sectors, providing hypothetical examples such as Merck with Bristol-Meyers or Kraft Heinz with Hershey or General Mills.
Despite Khan and the FTC's attempts to block Microsoft's purchase of Activision-Blizzard and Amgen's acquisition of Horizon Therapeutics, these corporations have managed to overcome the bureaucratic obstacles.
Cramer argues that Khan's stance against corporate consolidation has created a situation where only the largest, wealthiest companies can afford the litigation associated with making acquisitions.