Ticker: Feds probe Chevron-Hess merger; Fruity e-cigarettes from China under scrutiny 

The Federal Trade Commission is investigating Chevron’s acquisition of Hess oil company, the second inquiry the independent agency has opened recently of a major oil industry merger.

Chevron and Hess said in separate filings Friday that the FTC is seeking additional information and documentary materials related to Chevron’s proposed $53 billion purchase of Hess, announced in October.

The statements follow an announcement last week that the FTC is reviewing ExxonMobil’s proposed $60 billion acquisition of Pioneer Natural Resources. Such requests for information are steps the agency takes when reviewing whether a merger could be anticompetitive under U.S. law. If completed, the Exxon and Chevron deals would be among the largest mergers in the energy industry in two decades.

The inquiries come after Senate Majority Leader Chuck Schumer and 22 other Democratic senators urged the FTC to investigate the two deals. Schumer said Friday the Chevron-Hess merger would lead to “higher prices at the pump for families even while Big Oil profits keep going up and up.”

Fruity e-cigarettes from China under scrutiny

House lawmakers are demanding information from federal officials on what they are doing to stop the recent influx of kid-appealing electronic cigarettes from China.

Members of a new congressional committee on U.S.-China relations sent the request last week to Justice Department and Food and Drug Administration leaders, calling attention to “the extreme proliferation of illicit vaping products.”

The letter cites reporting on how thousands of new disposable e-cigarettes have hit the market in recent years, mostly manufactured in China and sold in flavors like watermelon and gummy bear.

The FDA has declared all such products illegal.

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