Yes, there is a general push by the Biden administration to beef up antitrust enforcement, including in tech.
That's why you see this lawsuit, which you are right wouldn't have happened under former administrations. "there was a months long DOJ investigation before approving the purchase. The conclusion was it would not harm competition." And they were wrong, right?
I am not a pro-Biden sort of person (I consider myself to the left of Biden, by a wide margin), but the antitrust direction is encouraging. And hopefully will get some things done before he is out of office... we'll see.
> In a July 2021 executive order, President Joe Biden articulated the administration’s broad antitrust policy. That order instructed the antitrust agencies to increase enforcement to prevent a rise in consumer prices and competitive harm in labor markets, and preserve nascent competition. Additionally, in what the order calls a “whole-of-government competition policy,” it charged more than a dozen other agencies to protect competition using their authority under a range of statutes.
That essay happens to be from from a corporate perspective that does not like that the administration has made mergers "less predictable"! I approve of making monopolistic mergers harder, but it's interesting to see it covered from the opposite bias. You can google for more, but another source, a brief American Bar Association update:
> Biden administration steps up antitrust enforcement: Antitrust enforcement in the Biden administration is about o change, according to Timothy Wu, who played a key role in the executive order President Joe Biden signed in July aimed at limiting corporate dominance and making American businesses more competitive...
> Wu serves as the Special Assistant to the President for Technology and Competition Policy, National Economic Council. He is a key figure on the White House Competition Council, which was created in Biden’s executive order to bring a whole-of-the government enforcement effort to promote competition in the U.S. economy.
In addition to the July 2021 memo, it can see in who he has chosen as appointees to key roles -- various people who have been pushing for stronger antitrust enforcement and new legal theories:
That's why you see this lawsuit, which you are right wouldn't have happened under former administrations. "there was a months long DOJ investigation before approving the purchase. The conclusion was it would not harm competition." And they were wrong, right?
I am not a pro-Biden sort of person (I consider myself to the left of Biden, by a wide margin), but the antitrust direction is encouraging. And hopefully will get some things done before he is out of office... we'll see.
> In a July 2021 executive order, President Joe Biden articulated the administration’s broad antitrust policy. That order instructed the antitrust agencies to increase enforcement to prevent a rise in consumer prices and competitive harm in labor markets, and preserve nascent competition. Additionally, in what the order calls a “whole-of-government competition policy,” it charged more than a dozen other agencies to protect competition using their authority under a range of statutes.
— "Biden’s Broad Mandate Has Altered the Antitrust Landscape, Making Merger Clearance Process Less Predictable" https://www.skadden.com/insights/publications/2022/01/2022-i...
That essay happens to be from from a corporate perspective that does not like that the administration has made mergers "less predictable"! I approve of making monopolistic mergers harder, but it's interesting to see it covered from the opposite bias. You can google for more, but another source, a brief American Bar Association update:
> Biden administration steps up antitrust enforcement: Antitrust enforcement in the Biden administration is about o change, according to Timothy Wu, who played a key role in the executive order President Joe Biden signed in July aimed at limiting corporate dominance and making American businesses more competitive...
> Wu serves as the Special Assistant to the President for Technology and Competition Policy, National Economic Council. He is a key figure on the White House Competition Council, which was created in Biden’s executive order to bring a whole-of-the government enforcement effort to promote competition in the U.S. economy.
https://www.americanbar.org/news/abanews/aba-news-archives/2...
In addition to the July 2021 memo, it can see in who he has chosen as appointees to key roles -- various people who have been pushing for stronger antitrust enforcement and new legal theories:
"Biden’s Antitrust Team Signals a Big Swing at Corporate Titans" https://www.nytimes.com/2021/07/24/business/biden-antitrust-...