Biden targets Big Tech in sweeping new executive order cracking down on anti-competitive practices

President Biden on Friday will sign a sweeping new executive order aimed at cracking down on anti-competitive behavior by Big Tech and other sectors including labor, health care and financial services.

Comprised of 72 actions and recommendations, the order is intended to promote competition in the U.S. economy by encouraging more than a dozen federal agencies to scrutinize corporate mergers and other ways that a growing number of companies build their outside market power, according to a White House fact sheet. 

The order is intended to “reduce the trend of corporate consolidation, increase competition, and deliver concrete benefits to America’s consumers, workers, farmers, and small businesses,” the White House said.

BIG TECH FACES NEW…

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