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المشهد العربي
US probes agricultural equipment firms
The Federal Trade Commission and the U.S. Department of Agriculture have launched investigations into the practices of agricultural equipment manufacturers, such as Caterpillar, Deere & Co., and AGCO Corporation, over suspected anti-competitive behaviors that hinder farmers from purchasing equipment and maintaining their machinery. As a result, the stock prices of these companies declined: Deere & Co. stock dropped 3% to $662.09, AGCO Corporation's stock fell 5.56% to $109.76, and Caterpillar's stock decreased 5.72% to $814.02, amid concerns about restrictions on farmers' maintenance rights and access to independent repair services.
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