The US president Joe Biden signs an executive order aimed at promoting competition in the American economy using antitrust laws

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On Friday, July 9, 2021, President Biden signed a sweeping Executive Order (and provided an accompanying FACT Sheet) with the stated goal of using existing antitrust laws and policy to “reduce the trend of corporate consolidation, increase competition,” and “promote competition in the American economy.” The Executive Order takes a “whole of government” approach to competition policy and includes 72 initiatives to be implemented by over a dozen federal agencies across a wide range of industries, including technology platforms, defense, health care, banking, beverage alcohol, agriculture, transportation and labor markets, and establishes a new White House Competition Council to oversee implementation of the Executive Order and coordinate across agencies.