Biden Antitrust Enforcers Set New Record for Merger Challenges

The Biden administration set a new record for merger enforcement activity, according to newly released data obtained by Bloomberg.

In an annual report to Congress set to be released this week, the US Federal Trade Commission said it brought 24 enforcement actions, while the Justice Department’s antitrust division brought 26 in the fiscal year ending Sept. 30, 2022, the most recent period for which that data is public. The total number of challenges is the highest since the US began requiring pre-merger antitrust review in 1976.

FTC Chair Lina Khan and Justice Department antitrust chief Jonathan Kanter had ...