European officials have reached agreement on a sweeping set of competition rules for Big Tech that could mark a global turning point for technology regulation
Washington .
The proposed framework, known as the Digital Markets Act, could label large companies such as Facebook-parent Meta or Google as"gatekeepers," and subject them to new requirements and prohibitions. White House and EU reach agreement on trans-Atlantic data sharingFor example, under the DMA, tech giants would be required to open up access to their platforms to third parties, and would be banned from giving their own products and services preference over those of competing providers.
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