NBC News is tracking changes in the prices of eggs, bread, ground beef, chicken and other grocery items to monitor the impact on consumers’ food bills.
They profited closer to $4-5 billion. That $1.2 billion figure was for one year, from the one publicly traded company. The three largest egg producers participated in this for 4 years.
The egg prices were a result of price fixing in an effort to undermine the Biden administration and get Trump elected.
The 3 companies involved were fined ($3.3 million, after profiting 1.2 Billion from it).
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They profited closer to $4-5 billion. That $1.2 billion figure was for one year, from the one publicly traded company. The three largest egg producers participated in this for 4 years.
I wish the fines were at least somewhat in line with the profit. There is no negative incentive to bend at the knee.