Biden Plans Broad Competition Order Following M&A Surge
- Order will direct agencies to promote competition in industry
- White House aims to address increased concentration in economy
President Joe Biden
Photographer: Doug Mills/The New York Times/Bloomberg
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The Biden administration is preparing a government-wide plan to encourage competition in markets across the economy, according to people familiar with the process, a move that could have broad implications for industries including technology, pharmaceuticals and agriculture.
The White House plans to issue an executive order as soon as next week that would require federal agencies to take steps to promote competition in the industries they oversee, said the people, who asked not to be named because the initiative isn’t yet public.