President Biden to Unveil 'Strike Force' to Combat Price-Gouging
President Biden to Address Price-Gouging Practices
President Biden is taking a stand against companies engaging in price-gouging practices with the establishment of a 'strike force.' Led by the Department of Justice and the FTC, the initiative seeks to curb unfair practices and lower prices across various sectors.
Efforts to Combat Anti-competitive Behavior
The 'strike force' will focus on key areas such as food, prescription drugs, and transportation to ensure that savings are passed on to consumers. By cracking down on corporations that engage in price manipulation, the Biden administration aims to promote a more competitive and consumer-friendly market.
- Coordinate efforts to rein in anti-competitive practices
- Lower prices in essential sectors
- Combat price-gouging and unfair practices
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.