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Tech-sector's dominance 'now the biggest economic story in Washington'

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The "who's who" of powerful tech executives at Donald Trump's second inauguration Monday points to a crucial power shift, Greg Valliere, chief U.S. policy strategist at AGF Investments, said in a client note.
The article from MarketWatch discusses the increasing scrutiny and regulatory focus on the tech sector in Washington, highlighting how the dominance of tech companies has become a central economic issue. It points out that tech giants like Apple, Amazon, Google, and others are under investigation for potential antitrust violations, with the Federal Trade Commission (FTC) and the Department of Justice (DOJ) actively probing these firms. The piece also mentions the broader implications of this scrutiny, including discussions on data privacy, market power, and the influence of tech companies on elections and misinformation. Furthermore, it notes the bipartisan concern over the power of these tech firms, with both Democrats and Republicans expressing worries about different aspects of their operations, from monopolistic practices to content moderation. The article underscores that this regulatory environment could lead to significant changes in how tech companies operate, potentially affecting innovation, competition, and consumer choice in the tech industry.

Read the Full MarketWatch Article at:
[ https://www.marketwatch.com/livecoverage/stock-market-today-dow-s-p-and-nasdaq-futures-rally-as-bond-yileds-dip-netflix-earnings-due/card/tech-sector-s-dominance-now-the-biggest-economic-story-in-washington--be4USiihmZW6P0wADurc ]