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Biden expected to sign an executive order going after monopolies that goes BEYOND antitrust legislation to weaken the dominance of huge firms and crack down on mergers
[Daily Mail, where America gets its news] - Aides have drafted an order that would call on DOJ and the Federal Trade Commission to update guidance to be less permissive on mergers
- It isn't final and hasn't been presented to Biden, Politico reported
Just a warning shot across various bows, then, and an invitation for counteroffers from interested parties.
- Also eyeing agency directives aimed to boost competition
- Comes after Biden put anti-trust advocates Lina Khan on the FTC and Timothy Wu on his National Economic Council
- And Monday a federal judge dismissed as 'legally insufficient’ an FTC complaint labeling social media giant Facebook a monopoly
- Move comes as Facebook's value surpassed $1trillion Monday for the first time
Posted by: Skidmark 2021-06-30 |
