From Dow Jones & Company:

The U.S. has been facing a battle against growing market power for over a century, leading to higher corporate profits and increased inequality. However, recent efforts by President Joe Biden’s administration to enhance competition have shown positive results, with two major mergers being called off due to antitrust pressure. The administration has issued updated merger guidelines, focusing on preventing the entrenchment of market power and scrutinizing both horizontal and vertical mergers. These efforts are crucial in addressing the adverse effects of limited competition, especially in dominant platforms. This points to a successful achievement in the ongoing fight against market power, benefiting ordinary Americans. Nobel laureate Joseph E. Stiglitz commends the administration’s efforts in an impressively hostile political environment.



Read more: Opinion: Biden administration’s antitrust victories are much-needed wins for consumers