This issue of The Forum examines competition, corporate power, and regulatory oversight across artificial intelligence, semiconductors, and healthcare. U.S. Rep. Pramila Jayapal outlines her proposal for a federal charter system that would establish new safety, competition, and accountability requirements for AI companies. W. Patrick Wilson examines proposed semiconductor licensing legislation and its potential consequences for startups, innovation, and competition in the chip industry. Dr. Marco Fernandez explores the growing influence of private equity in healthcare and the challenges facing independent physicians as corporate consolidation reshapes medical practice.