Timothy Wu, a Columbia University professor who coined the term "net neutrality," is likely to join the National Economic Council at the White House, Politico reported Tuesday (Apple (AAPL) and Facebook (FB) were lower in premarket trade, as the sector continues to reel amid rising bond yields ( ).), citing sources it described as familiar with the move. Wu is described as an antitrust crusader and "a hero to progressives who want President Joe Biden to take a more aggressive approach to Big Tech," in the words of the Politico report. Politico said a Biden source called the move to the NEC "likely but not yet done." The report indicated that Wu had not returned messages seeking comment. So-called Big Tech stocks including
-Robert Schroeder; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
February 23, 2021 08:16 ET (13:16 GMT)
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