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Biden signs executive order targeting anti-competitive practices in big business


Biden signs executive order targeting anti-competitive practices in big business
By Kelly Hayes
Biden signs sweeping competition order aimed at promoting US economic growth
President Joe Biden signed an executive aimed at targeting anti-competitive practices in tech, health care and other parts of the economy on July 9, 2021.
WASHINGTON - President Joe Biden on Friday signed a sweeping executive order aimed at promoting competition across the U.S. economy by pushing federal regulators to ban or limit non-compete agreements, occupational licensing restrictions and other measures that officials say make it harder to land a job.
The order includes 72 actions and recommendations that the White House says will lower prices for families, increase wages for workers, and promote innovation and even faster economic growth. ....

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Biden set to sign competition order targeting big business


President Joe Biden is set to sign on Friday an executive order that the White House says will target anticompetitive practices in tech, health care and other parts of the economy while boosting workers’ wages and consumer protections.
The sweeping order includes 72 actions and recommendations that the White House says “will lower prices for families, increase wages for workers, and promote innovation and even faster economic growth.”
The order includes calls for banning or limiting noncompete agreements to help boost wages, allowing rule changes that would pave the way for hearing aids to be sold over the counter at drugstores and banning excessive early termination fees by internet companies. It also calls on the Transportation Department to consider issuing rules requiring airlines to refund fees when baggage is delayed or in-flight services are not provided as advertised. ....

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