Factbox: Healthcare, financial services, agriculture targeted in Biden order

 Factbox: Healthcare, financial services, agriculture targeted in Biden order

U.S. President Joe Biden departs after delivering an update on his administration’s coronavirus disease (COVID-19) response in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., June 2, 2021. REUTERS/Carlos Barria

July 9 (Reuters) – In an executive order on Friday, U.S. President Joe Biden aims to remove barriers to competition in such industries as healthcare, financial services and agriculture while boosting wages and lowering prices, the White House said. read more

The order:

* Encourages the leading antitrust agencies to focus enforcement efforts on problems in key markets and coordinates other agencies’ ongoing response to corporate consolidation.

* Calls on the leading antitrust agencies, the Department of Justice (DOJ) and Federal Trade Commission (FTC), to enforce the antitrust laws vigorously and recognizes that the law allows them to challenge bad mergers that past…

Read full article…www.reuters.com