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Stock impact report

Trump taps Big Tech critic Carr to chair Federal Communications Commission [Yahoo! Finance]

Paramount Global - Class A (PARAA) 
Company Research Source: Yahoo! Finance
administration's telecom policies and Big Tech, as chairman of the Federal Communications Commission, he said in a statement on Sunday. Carr, 45, is currently the top Republican on the FCC, the independent agency that regulates telecommunications. He has been a harsh critic of the FCC's decision not to finalize nearly $900 million in broadband subsidies for Elon Musk's SpaceX satellite internet unit Starlink, as well as the Commerce Department's $42 billion broadband infrastructure program and President Joe Biden's spectrum policy. Last week, Carr wrote to Meta's Facebook, Alphabet's Google, Apple and Microsoft saying they had taken steps to censor Americans. Carr said on Sunday the FCC must "restore free speech rights for everyday Americans." Democratic Senator Ed Markey said on Sunday Carr's letter amounted to "a regulator implicitly threatening private companies for their speech. The FCC under Trump is prepared to become the Federal Censorship Commission." The president-e Show less Read more
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