White House Launches New ‘Strike Force’ to Combat ‘Unfair and Illegal’ Pricing

As part of efforts to clamp down on what the current administration calls greed-flation, President Joe Biden will launch a new joint “strike force” to fight “unfair and illegal” corporate pricing, the White House announced. The latest task force creation will be led by the Federal Trade Commission (FTC) and the Department of Justice. It will be co-chaired by FTC Chair Lina Khan and Jonathan Kanter, the assistant attorney general for the DOJ’s antitrust division. Over the past three years, the two federal agencies have been at the forefront of the administration’s regulatory agenda to confront the world’s largest corporations and their business practices....