U.S. President Joe Biden meets with President-elect Donald Trump in the Oval Office at the White House in Washington, U.S., November 13, 2024.
Kevin Lamarque | Reuters
The Trump administration will keep strict guidelines for reviewing proposed corporate mergers that were implemented under the administration of former President Joe Biden.
The decision to keep those guidelines was detailed Tuesday in a Department of Justice memo and a social media post by Federal Trade Commission Chairman Andrew Ferguson.
“Recent public commentary has raised the question of whether the Antitrust Division will abandon use of the 2023 Merger Guidelines,” Omeed Assefi, the acting assistant attorney general for the DOJ’s antitrust division.
But, “The Antitrust Division will continue to use the 2023 Merger Guidelines until further notice,” Assefi added.
This is breaking news. Please refresh for updates.