Search This Blog

Monday, June 28, 2021

White House prepares order directing agencies to consider antitrust concerns

 The White House is working on an antitrust executive order that aims to push government agencies to consider competition concerns in their decision making, according to two sources familiar with the matter.

The push to release such an order comes when House lawmakers are moving forward with sweeping antitrust legislation aimed at restraining the power of Big Tech companies such as Facebook, Alphabet's Google, Amazon.com Inc and Apple and staving off corporate consolidation.

White House spokesperson Emilie Simons said the president made clear during his campaign that he is committed to increasing competition in the American economy, including by banning noncompete agreements for workers and protecting farmers from abusive practices. "There is no final decision on any actions at this time," she said.

https://www.channelnewsasia.com/news/business/exclusive--white-house-prepares-order-directing-agencies-to-consider-antitrust-concerns---sources-15111968

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.