"Whether it's merited or not" you want the might of the federal government to "threaten" businesses, acting within the law, that have interests you don't agree with?
It’s called politicking. It happens between any group of people of any size greater than 1: what priorities to focus on, what to apply extra scrutiny to, what to leave alone for another day, etc.
In our government, that’s a big part of what the president’s role is. “Bully pulpit” and all that. Presidents do it every day, for smaller and higher profile cases.
At that level, it’s all negotiation. If they didn’t want (or feared the) scrutiny, corporate interests wouldn’t have started the negotiation in the first place. They know it looks bad if Biden doesn’t respond, and that he must in some way. They’re just betting that he won’t start with such a strong gambit, because corporations are no longer afraid of our government, and haven’t been for decades.
