Deere (DE): Falls about 5% as FTC and USDA open a farm equipment inquiry

The FTC and USDA opened a joint inquiry into farm equipment makers and dealers, and Deere fell about 5% on Oct 7, with CNH and AGCO down similarly. It's information gathering, not a lawsuit, but it adds to the repair-rules scrutiny Deere already faces.

Sources

• Yahoo Finance, Deere, peer stocks slide as FTC and USDA launch agricultural equipment inquiry
• Investing.com, Farm equipment stocks after the FTC and USDA joint inquiry: AGCO, Deere and CNH compared