Welcome to TYT, I'm your host, Anna Casparian, and we should just get started.

Beginning with the Biden administration, doing something good, especially as it pertains

to antitrust and being corporate mergers.

The Federal Trade Commission, the Department of Justice's antitrust division, releasing

long awaited drafts now on guidelines to how they plan to enforce merger of all the guidelines

outline 13 principles like mergers should not significantly increase concentration

at highly concentrated markets and mergers should not eliminate substantial competition

between firms.

In a move that will definitely spark a long battle between big business and the White House,

the Biden administration has rolled out new guidelines declaring when the federal government

will step in to challenge corporate mergers.

The new guidelines spearheaded by FTC Chair Lena Khan and Assistant Attorney General Jonathan

Cantor aim to modernize how federal agencies review acquisitions with the aim of reducing

anti-competitive behavior in the corporate sector.

The new guidelines could help prevent corporate consolidation, which of course puts the economy

and American workers at a significant disadvantage more on that later.

But first the details, including how this all began in the first place.

Now within months of his inauguration, Biden issued an executive order on competition policy

that called for the rewrite of the merger guidelines that has since informed policy

changes at nearly every federal agency.

On the same time, Biden's FTC voted to throw out Trump-era anti-trust guidelines, citing

how flawed it was, today we got a sense of what those guidelines will be replaced with.

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