UPDATE: Anti-Big Tech crusader reportedly poised to join Biden White House
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 (https://www.politico.com/playbook), 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 Apple (AAPL) and Facebook (FB) were lower in premarket trade, as the sector continues to reel amid rising bond yields (http://www.marketwatch.com/story/dow-skids-by-200-points-nasdaq-falls-14-early-monday-as-10-year-treasury-yield-jumps-to-around-highest-in-a-year-2021-02-22).
-Robert Schroeder; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
February 23, 2021 08:16 ET (13:16 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.