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Biden's bid to take on big business sets off battle over who holds power in US economy President Biden signed an executive order Friday taking aim at industries where companies dominate the market, kicking off a major new battle between the administration and corporate titans that could reshape aspects of the U.S. economy. Support our ...
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FAQ: What does Biden's new order about businesses and competition mean for consumers? Prices on everything from airline fees to hearing aids will face more scrutiny. But much depends on how regulators follow through. Image without a caption. President Biden speaks in the East Room of the White House, Thursday, July 8, 2021, in Washington.
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Biden Targets Dominant Firms Across Economy in Competition Order President Joe Biden will sign a sweeping executive order designed to promote competition across American industries and in the labor market, calling on regulators to take steps to lower drug prices, toughen merger enforcement in technology and banking, ...
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Gas Sellers Reaped $11 Billion Windfall During Texas Freeze The official autopsy of the great Texas winter blackout of February 2021 quickly established a clear timeline of events: Electric utilities cut off power to customers and distributors as well as natural gas producers, which in turn triggered a negative feedback loop ...
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Biden Urges More Scrutiny of Big Businesses, Such as Tech Giants WASHINGTON — President Biden signed a sweeping executive order on Friday intended to increase competition within the nation's economy and to limit corporate dominance, factors the White House says have led to higher prices and fewer choices for ...
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Biden to target Big Tech and internet service providers with new executive order US President Joe Biden speaks about the situation in Afghanistan from the East Room of the White House in Washington, DC, July 8, 2021. ( ...
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In another blow to Didi, China halts downloads of 25 more of its apps. Spaceflights for Richard Branson and Jeff Bezos spur a race for insurers, too. China moves to spur bank lending to help troubled small businesses.
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Billionaire Branson set to fly to space aboard Virgin Galactic rocket plane July 9 (Reuters) - Decades after burnishing his reputation as a wealthy daredevil mogul in a series of boating and hot-air balloon expeditions, Richard Branson is poised to promote his burgeoning astro-tourism venture by launching himself to the final frontier.
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China Cuts Reserve Ratio for Banks to Boost Slowing Economy China's central bank cut the amount of cash most banks must hold in reserve in order to boost lending and bolster an economic recovery that's starting to wane. The People's Bank of China will ...
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Oil prices rise over 2% as US inventories decline NEW YORK (Reuters) -Oil prices rose for a second day on Friday as the market reacted to falling U.S. inventories, and signs of strong Asian demand from both China and India added support. FILE PHOTO: Crude oil storage tanks are seen in an aerial ...
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