New Biden order on antitrust ratchets up pressure on Amazon and Microsoft

Published by
The Seattle Times

An executive order signed Friday by President Joe Biden directing federal agencies to beef up anti-competition rules increases the antitrust pressure facing large, local tech companies — Amazon in particular, though Microsoft could also be affected. “Capitalism without competition isn’t capitalism. It’s exploitation,” Biden said in a speech at the White House before signing the order. Biden urged the Federal Trade Commission to establish rules that could limit how Amazon operates its $295 billion online retail marketplace. The executive order also asks the FTC to reconsider guidelines for merg…

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