A presidential order designed to promote competition calls on regulators to increase scrutiny of tech companies, drug prices, shipping and more.
President Biden will sign a sweeping executive order designed to promote competition across American industries, calling on regulators to increase scrutiny of technology companies, drug prices, shipping and more.
The order will also ask the Federal Communications Commission to reinstitute net neutrality rules that barred internet providers from blocking or slowing certain content or speeding up delivery for a price. Those rules had been implemented under former President Obama but rolled back under former President Trump.The tech-heavy Nasdaq 100 futures index was little changed early Friday after fluctuating between gains and losses. Other U.S. index futures advanced.
The order calls on the leading antitrust agencies — the Justice Department and the FTC — to vigorously enforce antitrust laws and considering challenging prior “bad mergers” that were not challenged by past administrations. One element of the order would ask the Justice Department to work with regulatory agencies against foreign-owned shipping alliances and monopolized rail routes that the administration believes have driven up shipping costs nationwide.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden White House under pressure to ramp up response to escalating ransomware attacksAmid a spate of recent high-profile, costly ransomware attacks, the White House is under increased pressure to respond, leading to a high-level interagency meeting on Wednesday morning.
Read more »
Biden touts his progressive policies in latest infrastructure pitch in Illinois“To truly win the 21st century and once again lead the world; to truly build an economy once again from the bottom up and the middle out; to truly deal everybody in this time, we need to invest in our people,' Biden said.
Read more »
Biden taunts McConnell for 'bragging' about relief bill he voted againstPresident Biden taunted Senate Minority Leader McConnell for acknowledging Kentucky will receive money from the American Rescue Plan - despite his not having voted for it
Read more »
Biden Taunts McConnell For ‘Bragging’ About Stimulus Bill He OpposesMcConnell conceded Kentucky communities would get “a lot more money” from the bill while underscoring his belief it will lead to greater inflation.
Read more »
Biden promotes corporate taxes in Illinois as business opposition mountsPresident Joe Biden made the case for spending trillions of dollars on U.S. infrastructure, paid for by higher taxes on corporations, at an Illinois community college on Wednesday, as opposition builds from U.S. business groups.
Read more »
First on CNN: Biden administration ramps up investment in environmental justiceThe Environmental Protection Agency has announced an additional $50 million in funding to enhance air pollution monitoring and improve air quality in low-income communities and communities of color
Read more »