Biden’s big business crackdown bad for Wall Street behemoths: sources

President Biden’s big business crackdown could be bad news for Wall Street titans like Ken Griffin — assuming the controversial effort ever makes it off the ground.

On Tuesday, it was reported that President Biden is quietly working on an executive order intended to take on big business and create more competition. The controversial order, which Biden could sign as soon as next week, would seek to bypass traditional anti-trust enforcement actions by directing regulators to rethink their rules for how their respective industries, from airlines to internet providers, operate, according to the Wall Street Journal.