Exclusive: White House order pushes antitrust enforcement throughout U.S. economy

 Exclusive: White House order pushes antitrust enforcement throughout U.S. economy

WASHINGTON, June 28 (Reuters) – The White House is working on an antitrust executive order that aims to push government agencies to consider how their decisions will impact competition in an industry, according to two sources familiar with the matter.

The order goes after corporate monopolies across a broad swath of industries ranging from banking to airlines, one of the sources said.

The drive comes as House lawmakers are moving forward with sweeping antitrust legislation aimed at restraining the power of Big Tech companies such as Facebook Inc (FB.O), Alphabet Inc’s (GOOGL.O) Google, Amazon.com Inc (AMZN.O) and Apple Inc (AAPL.O) and staving off corporate consolidation.

It was not immediately clear how such an order would aid those efforts on Capitol Hill and rein in the power of large tech companies that have thrived for years without much regulation.

One of the sources described the order as “well developed” and said it builds on a…

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