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Justice Department Sues to Block Oil Giants’ Merger

The U.S. Department of Justice filed a lawsuit Wednesday to block Halliburton Co.’s planned acquisition of oil and gas rival Baker Hughes Inc. The suit, filed in a Delaware federal court, says a combination of the world’s second- and third-largest oil and gas companies would lead to higher prices and less competition in the industry and reduce innovation. "The proposed deal between Halliburton and Baker Hughes would eliminate vital competition, skew energy markets and harm...

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