Biden signs executive order to boost corporate competition

Targets range from Big-Tech acquisitions to employee noncompete agreements

20210709N biden signs executive order competitiveness (REUTERS)

U.S. President Joe Biden hands a pen to Lina Khan, chair of the Federal Trade Commission, as he signs an executive order on "promoting competition in the American economy" as members of his cabinet stand by at the White House on July 9. © Reuters

TAISEI HOYAMA, Nikkei staff writer

July 10, 2021 04:30 JST

WASHINGTON -- U.S. President Joe Biden signed an executive order Friday to promote competition and intensify scrutiny of corporate giants, aiming to protect consumers, workers and smaller businesses harmed by consolidation.