Biden Administration Cracks Down on Corporate Mergers and Acquisitions, Drawing Criticism

The Biden administration released new guidelines to scrutinize mergers and prevent corporate monopolies.
Former Treasury Secretary Larry Summers criticized the move as a "war on business" that risks the economy.
The new rules aim to promote competition and consider impact on workers, not just consumers.
Supporters say the guidelines will curb excessive corporate power and prevent abuses.
Critics argue it disrupts the consensus that mergers benefit the economy and efficiency.