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Over the course of his first six months in office, President Joe Biden has signaled a clear commitment to reinvigorate antitrust enforcement. On July 9, 2021, he took his most specific and comprehensive action on the subject yet, issuing an Executive Order on Promoting Competition in the American Economy (the Order).
1 A newly created White House Competition Council will oversee what is described as a “whole-of-government approach” that involves over a dozen federal agencies collaborating to carry out the Order’s 72 initiatives. The council, led by the director of the National Economic Council, will act as the nerve center, coordinating the implementation of the Order’s initiatives.
China s antitrust regulators weigh levying record fine on Alibaba: WSJ yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
EU antitrust regulators are set to warn Aon that its $30 billion bid for Willis Towers Watson to create the world's largest insurance broker may hurt competition unless concessions are offered in the coming weeks, two people familiar with the matter said. The European Commission, which suspended its investigation into the deal last month while waiting for Aon to provide requested information, is concerned the deal may drive up prices and hold back innovation.
Australia's competition regulator onThursday raised initial concerns over Aon's $30 billionbid for Willis Towers Watson to create the world'slargest insurance broker, close on the heels of a similar moveby EU antitrust regulators. The Australian Competition and Consumer Commission said itwas concerned that the merger would significantly hurtcompetition in commercial risk, reinsurance and employeebenefits broking and advisory services in Australia.