SPONSORED:

Economics writer Matt Stoller discusses Biden's message to Wall Street on antitrust

The research director for the American Economic Liberties Project, Matt Stoller, joined Hill.TV's "Rising" on Wednesday to discuss what message President BidenJoe BidenExpanding child tax credit could lift 4 million children out of poverty: analysis Maria Bartiromo defends reporting: 'Keep trashing me, I'll keep telling the truth' The Memo: The center strikes back MORE is sending to Wall Street regarding antitrust enforcement in his administration.

Speaking with co-hosts Saagar Enjeti and Krystal Ball, Stoller pointed out that Biden has yet to name a nominee to run the Federal Trade Commission or the Justice Department's antitrust division while his administration has allowed some major mergers to take place since Biden took office in January.

"There's kind of this open question of, 'what is Biden going to do about antitrust law?'" Stoller said.

"So far, he hasn't picked anyone to run the Federal Trade Commission or the antitrust division at DOJ," he continued. "I looked at one of the acting directors...[Acting FTC Chair] Rebecca Kelly Slaughter...she's talking a big game, particularly about pharmaceutical mergers...but quietly on the side waiving through giant pharma mergers, and that's signaling to everyone that Biden's not really serious about this, everybody get your deal shoes on, let's go out and buy our competitors."

Watch more of Stoller's interview above: