The US President Joe Biden issues sweeping executive order targeting corporate consolidation and anticompetitive activity in the labor, financial services, healthcare, transportation, telecommunications, agricultural, and tech markets

On 9 July 2021 President Biden signed a far-reaching executive order intended to promote competition in the American economy. The order targets perceived corporate consolidation and anticompetitive activity in the labor, financial services, health care, transportation, telecommunications, agricultural, and tech markets. The order includes more than 70 initiatives aimed at decreasing barriers to competition that the Biden administration contends have led to decreased wages for workers, increased prices for consumers, and stymied innovation. The breadth and scope of the order demonstrates the administration sees increased competition across the American economy as integral to the success of the economic recovery plan that has been a priority during President Biden’s first year in office.