Biden’s bid to take on big business sets off battle over who holds power in U.S. economy

The order does not itself put these policies into effect, and none will be enacted overnight. Instead, it directs federal agencies to begin work on their own rules, a process that probably would lead to a comment period, which experts say can take three or four months. The administration also is issuing only recommendations to independent agencies crucial to much of the antitrust push, such as the FTC, that are not subject to directives from the White House.