Summary
A stalemate in Washington could destroy a landmark tax deal that was painstakingly hammered out among 140 countries over the better part of a decade. Some analysts say that the United States’ inability to ratify the deal could lead to a tax war among the richest nations.
The Federal Trade Commission is taking a firm stance on a mattress merger. The agency unanimously voted to block mattress maker Tempur Sealy’s purchase of Mattress Firm. The deal would have given the combined company 3,000 stores and 71 manufacturing facilities. The FTC said that the proposed deal would suppress competition and raise prices for mattress buyers.
