Reported about 5 hours ago
Texas, along with 10 other states, has filed a lawsuit against BlackRock, Vanguard, and State Street for allegedly violating antitrust laws by manipulating electricity prices through their investment strategies. The lawsuit claims these investment firms colluded to pressure coal producers to reduce their output, leading to increased energy costs for consumers. The states assert that such actions undermine market competition and violate the Clayton Antitrust Act. The lawsuit highlights ongoing tensions between GOP officials and Wall Street's focus on environmental goals.
Source: YAHOO