United States Senate Majority Leader Chuck Schumer said on Sunday he is "sounding the alarm" against Chevron Corp.'s proposed acquisition of Hess Corp. The $53 billion agreement was announced in October 2023.
Schumer claimed the deal would "give Big Oil more fuel to raise gas prices" and called on the Federal Trade Commission (FTC) to stop the acquisition. The FTC previously asked for more information on the merger after Schumer expressed concern about it.