Steptoe antitrust partner Michael Weiner is quoted throughout an article in Institutional Investor titled "Antitrust Enforcement Is Back, and the Aon-Willis Towers Watson Deal Is Just the Beginning." The article, published July 27, takes a look at what President Biden’s recent action on antitrust rules could mean for financial services deals.
On July 9, Biden announced an executive order that aims to address antitrust regulations in the United States.
"What we’re seeing is a throwback," Weiner says. "Biden is indicating enforcement is going to be tougher than the country has seen since Reagan was president."
Weiner says the Department of Justice and Federal Trade Commission have tended to be softer in how they approach antitrust enforcement than the court system, due to precedent set in the 1960s and 1970s that makes it difficult for companies to prevail.
"What you may see in the next couple of years is that being turned on its head," Weiner adds.
The full article can be read at Institutional Investor.