Biden administration unveils draft changes to US merger review guidelines | CNN Business

The proposed changes could lead to major shifts in how the US government identifies — and tries to block or alter — deals it believes are anticompetitive. The draft updates affect what legal experts have described as a non-binding yet authoritative regulatory bible, illustrating how US agencies are reframing their approach in an era of rising corporate consolidation.

” The first senior official confirmed that some of the US government’s current or recent cases already reflect the thinking outlined in the new draft document, though the official declined to name specific examples. Spurred by an executive order signed by President Joe Biden in 2021, Wednesday’s draft updates are the result of more than a year of development.

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Business owner arrested, charged in $9 million San Francisco investment fund fraudA federal grand jury in San Francisco has indicted a business owner for defrauding investors and a bank to the tune of over $9 million, the U.S. Department of Justice said Monday.
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