The Federal Trade Commission (FTC) has enacted a near-total ban on non-compete agreements in employment contracts. This decision, supported by the Biden administration, is based on substantial empirical evidence indicating that such restrictions harm workers, consumers, innovation, and employee mobility. The new rule is expected to significantly benefit U.S. workers, potentially leading to a $53 billion increase in annual wages. Employers, particularly in the energy sector, are now seeking guidance on how to navigate this regulatory change. Legal challenges to the FTC's rule have begun, with court guidance expected by July 3. The FTC will host a compliance webinar to assist employers in understanding and adhering to the new regulations. Employers are advised to pivot and not panic in response to the new rule.