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Stock impact report

Trump taps Brendan Carr to chair Federal Communications Commission [CNBC]

Paramount Global - Class A (PARAA) 
Company Research Source: CNBC
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.” The president-elect has scorned actions by Disney's ABC, Comcast's NBC and Paramount Global's CBS and suggested they could lose their FCC licenses for various actions. Trump also sued CBS over its “60 Minutes” interview with Vice President Kamala Harris. Carr criticized NBC for letting Harris appear on “Saturday Night Live” just before the election. Trump in his first Show less Read more
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