With President Joe Biden ending his reelection campaign, antitrust law experts said a new administration in 2025 will set the tone for how the Department of Justice and Federal Trade Commission enforce the Clayton and Sherman Acts.

“It’s no secret that a future Republican administration is widely expected to seek to rein in the aggressiveness of antitrust enforcement from the past four years, particularly on the part of the FTC,” said Gibson, Dunn & Crutcher partner Winston Y. Chan.