Biden Signs Executive Order, Aimed at Increasing Fair <br />Competition in the Economy.<br />On July 9, President Joe Biden signed an executive order which cracks down on corporate consolidation.<br />The executive order includes 72 initiatives across over a dozen government agencies.<br />Those initiatives address anti-competitive practices in the health care, transportation, banking and tech industries.<br />Those initiatives address anti-competitive practices in the health care, transportation, banking and tech industries.<br />The White House said that Biden’s order seeks to “lower prices for families, increase wages for workers, and promote innovation and even faster economic growth.".<br />The White House said that Biden’s order seeks to “lower prices for families, increase wages for workers, and promote innovation and even faster economic growth.".<br />Under the order, the federal government <br />would ban or limit noncompete agreements<br />to make it easier for people to switch jobs.<br />To reduce health care costs, the order will ask the <br />Food and Drug Administration to work with states <br />and tribes to import prescription drugs from Canada. .<br />The order also directs his administration to scrutinize Big Tech mergers more closely.<br />It would also allow the Department of Justice and the Federal Trade Commission to “challenge prior bad mergers that past administrations did not previously challenge.”.<br />The order will also encourage the FTC to create rules on the accumulation of personal information and other data by these companies...<br />... and would restore net neutrality rules that were undone during the Trump administration.<br />The order also addresses anti-competitive industry practices in the agricultural sector and transparency in the airline industry.<br />The order also addresses anti-competitive industry practices in the agricultural sector and transparency in the airline industry.<br />According to NBC News, a White House Competition Council will monitor progress on these initiatives
