# Professor Thomas Philippon is interviewed about industry consolidation and consumer choice in the US

1 Faculty News December 5, 2017 ![CNNMoney logo](/sites/default/files/styles/246w/public/assets/images/con_030743.jpg?itok=5lrpsukl)>

Excerpt from [CNNMoney](http://money.cnn.com/2017/12/05/news/companies/corporate-consolidation/index.html) -- "'Almost every industry in the United States has become more concentrated over time. That's for sure,' said [Thomas Philippon](http://www.stern.nyu.edu/faculty/bio/thomas-philippon), professor of finance at New York University. 'All this consolidation has led to less competition, and higher costs for consumers.'"

[Read more](http://money.cnn.com/2017/12/05/news/companies/corporate-consolidation/index.html)