The Biden administration is proposing new guidelines for corporate mergers, taking steps to disclose the junk fees charged by landlords and launching a crackdown on price-gouging in the food industry.
The government first issued its guidance on mergers in 1968. Officials stressed that the new guidance conforms to the laws set by Congress and the precedents of court rulings.of “harassing” Twitter since it was acquired by billionaire Elon Musk. They say her push to break up the concentration of corporate power amounts to government interference in business practices. Khan has said such interventions will enable more competition within the U.S.
Separately, the government is working with the companies Zillow, Apartments.com and AffordableHousing.com to create a new website that reveals to renters all of the fees they could be charged when signing a lease. The Department of Agriculture is partnering with more than two dozen state attorneys general to investigate and sanction price gouging in the food sector. The department is also creating a new liaison for farmers to discuss the patent process regarding seeds.
But the greater degree of government activism has been controversial with business groups, which say that these new companies might struggle to survive and that higher regulatory costs might cause prices to rise.
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