The White House is rolling out a sweeping new executive order today aimed at cracking down on corporate consolidation. ylanmui reports.
President Joe Biden on Friday will sign a new executive order aimed at cracking down on anticompetitive practices in Big Tech, labor and numerous other sectors, CNBC's Ylan Mui reported.
Lowering prescription drug prices by supporting state and tribal efforts to import cheaper drugs from CanadaUrging the Federal Trade Commission to "challenge prior bad mergers" that previous administrations let slide" rules that were undone during the Trump administrationEstablishing a "White House Competition Council" to lead federal responses to large corporations' growing economic...
Through its tech-related actions, Biden's order aims to make the case that the biggest companies in the sector are wielding their power to box out smaller competitors and exploit consumers' personal information, Mui said.
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