President Joe Biden announces a draft of new guidelines on corporate mergers in a proposed major change to the federal government's approach to antitrust enforcement. Biden will announce the new guidelines, along with a handful of other new antitrust policies, at the fifth meeting of his White House Competition Council on Wednesday. The new guidelines take into account the effects that mergers would have on workers, sellers, corporate power and markets while setting new rules for mergers involving digital platforms. He issued an executive order on competition policy that called for the rewrite of the merger guidelines and has since informed policy changes at nearly every federal agency. But the Biden administration, in efforts led by Khan and Kanter, soon scrapped those rules for failing to reflect accurate economic thinking and data, and they set about to create a fresh rewrite.

Source: Huffington Post July 19, 2023 15:48 UTC