What if the DOJ Levels the Playing Field?

The Biden administration has argued that robust enforcement of antitrust law can lower prices for consumers, raise wages for workers, and promote innovation throughout the economy. But critics of the policy (including many CFOs) say the administration is using a radical interpretation of the law to stop most mergers. Rather than suing to block every deal, though, the Department of Justice has been using investigative powers to make the process of merging cumbersome and costly. Is it achieving the desired effect? A leading anti-trust official explains what all CFOs should know before they pursue a deal.