In Short The Situation: President Biden recently signed an Executive Order on Promoting Competition in the American Economy (the "Order") outlining 72 initiatives by more than a dozen federal agencies to combat "excessive" corporate consolidation and increase competition across the U.S. economy, using a mix of regulation, deregulation, and aggressive antitrust enforcement. The Order focuses particular scrutiny on labor markets, as well as the agricultural, healthcare, and tech industries. Why it Matters: The Order prioritizes an Administration-wide goal of "vigorous" antitrust enforcement and broadens that effort beyond traditional antitrust enforcers, mobilizing other federal agencies to address competition policy goals—in some cases increasing regulatory intervention in markets.
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The US President Joe Biden signs an executive order on promoting competition in the American economy
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