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U.S. Regulators Launch Investigation into Business Practices in Agricultural Equipment Market

Bloomberg +2 ·

CNH
CNH CNH Industrial NV
$11.49 -0.78%
View chart & analysis →
AGCO AGCO -0.07% DE +0.39%
  1. 1The Federal Trade Commission (FTC) and the U.S. Department of Agriculture (USDA) have launched a broad investigation into business practices within the agricultural equipment market.
  2. 2At the time of writing, AGCO Corp (AGCO) fell approximately 6%, CNH Industrial (CNH) fell 5.3%, and Deere & Co. (DE) fell 3%.
  3. 3Deere recently reached a settlement with the FTC regarding restrictions on farmers' equipment repairs and must provide access to repair tools and software for the next 10 years.

So what's the key point?

The U.S. government has started an investigation to see if trading methods in the farm machinery market are fair. Following this news, stock prices for related companies, including Deere & Co., fell between 3% and 6%.

Source Bloomberg +2 · View original ↗

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