U.S. Sues to Block Big Beer Merger

The Justice Department moved Thursday to block beer giant Anheuser-Busch InBev from merging with Corona maker Grupo Modelo, arguing that the deal would threaten competition and raise prices for consumers, the Washington Post and Wall Street Journal report. Antitrust officials said they were alarmed by the prospect of Belgium-based AB InBev gaining even more market share by buying a direct competitor that is Mexico’s largest maker.