President Biden on Monday will sign an executive order aimed at tightening “buy American” procurement rules, a day before his Commerce secretary nominee testifies at a Senate confirmation hearing. Meanwhile, world leaders are gathering virtually for an annual meeting -- normally held in Davos, Geneva -- hosted by the World Economic Forum. The executive order “directs an increase in both the threshold and the price preferences for domestic goods,” which will give the government more discretion to purchase U.S.-made goods...