It’s still anyone’s guess whether and when U.S. law enforcement will bring antitrust charges against the nation’s Big Tech companies, but Paul Gallant, a managing director of the Cowen Washington Research Group, has been trying to determine the odds.
Gallant has been closely tracking the tech scrutiny of Amazon, Apple, Facebook and Google parent Alphabet as federal and state enforcers probe their businesses for potential violations of the U.S. antitrust laws. Along the way, he’s analyzed the likelihood of enforcement action against the four giants. In a November report, Gallant and his colleagues predicted the chances of antitrust lawsuits from federal or state enforcers depending on the outcome of the 2020 presidential election. Read more…..
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Paul Hickey, co-founder of Bespoke Investment Group, and Mike Santoli, CNBC’s senior markets commentator, join “Squawk Box” to discuss what they’re seeing in the markets as the Nasdaq hits new records.