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Biden launches 72 initiatives to boost competition in U.S. economy

President Biden will sign an executive order on Friday promoting 72 initiatives across more than a dozen agencies that aim to reduce corporate consolidation, increase competition and offer benefits to consumers, workers, farmers and small businesses.

Why it matters: It's a sweeping push to fulfill Biden's goals of making the U.S. economy more dynamic and fair, as the administration seeks to crack down on highly concentrated industries like Big Tech and compete more effectively with China.

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