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Not sure if he can direct the spending of money that has been allocated by Congress.
https://www.msn.com/en-us/news/politics/biden-executive-order-to-fund-u-s-biomanufacturing-industry/ar-AA11ISS4?ocid=msedgntp&cvid=8bd1cd790179489b80018fbb45de41d5
It might just be focusing existing grant structures within DOE, NIH, or Ag dept. it’s hard to say.
"President Joe Biden will sign orders on Monday to push more government dollars to the U.S. biotechnology industry,"