Biden signs executive order promoting competition in American economy

President Biden signs Executive Order 14036 on promoting competition in the American economy, directing federal agencies to address monopolistic practices in technology, healthcare, agriculture, and transportation. The order targets Big Tech companies, hospital consolidation, agricultural monopolies, and airline industry practices. The action represents the most significant antitrust policy action in decades and aims to lower prices for consumers, increase wages for workers, and promote innovation by reducing market concentration.