Biden’s Antitrust Push Across Agencies Is Working to Block Deals
- Telecom, airline and railroad regulators challenging takeovers
- Biden executive order pushed ‘independent oversight’ of deals
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The Biden administration’s strategy of leaning on industry regulators to block deals that might be tricky for the Justice Department to challenge in court is working.
In the past month alone, telecom and airline regulators have moved to nix Standard General LP’s deal to buy broadcaster Tegna Inc. and JetBlue Airways Corp.’s acquisition of Spirit Airlines Inc.