President Biden’s sweeping executive order on competition targets industries from banking and airlines to technology and health care, declaring war on corporations over anti-competitive practices.
It aims to encourage innovation and competition, and boost the U.S. economy, through dozens of consumer-focused and worker-focused provisions.
Here are five key elements of the president’s massive executive order. Continue reading.
Order supports Trump mandate on price transparency
The wide-ranging executive order President Joe Biden signed Friday includes plans to boost market competition in health care and other industries.
The order, which White House officials have promoted throughout the week, touches on issues ranging from prescription drug prices to hospital and insurance consolidation, in a combination of policy directives that also incorporates priorities shared with the Trump administration.
“What we’ve seen over the past few decades is less competition and more concentration that holds our economy back. We see it in big agriculture and big tech and big pharma and the list goes on,” Biden said before signing the executive order at the White House Friday. Continue reading.
