The Federal Trade Commission (FTC) and the Equal Employment Opportunity Commission (EEOC) have finalized a rule that significantly limits the use of non-compete agreements, affecting employers and employees across various sectors including M&A, private equity, and venture capital. This new regulation, part of the Pregnant Workers Fairness Act, is set to impact approximately 30 million workers nationwide. Businesses in South Florida and elsewhere are currently adjusting to the changes, which necessitate a careful reevaluation of employment agreements. More details will be provided at 5 PM.