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Biden’s executive order to promote competition in the U.S. economy includes over 70 initiatives

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By Nandita Bose and Jarrett Renshaw WASHINGTON (Reuters) – President Joe Biden will sign an executive order on Friday that includes 72 initiatives he wants over a dozen agencies to undertake to promote competition throughout the U.S. economy, according to a fact sheet released by the White House. The order goes after corporate monopolies across a broad swath of industries such as technology, banking and airlines and pushes government agencies to consider how their decisions will impact competition in an industry. “Inadequate competition holds back economic growth and innovation,” the White Hou…

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