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Treasury Steven Mnuchin. Photo: Saul Loeb/AFP/Getty Images

Treasury Secretary Steve Mnuchin said Monday that the Justice Department should look at the increasing dominance of major tech companies.

Why it matters: Though the Justice Department’s investigations are supposed to be separate from the administration’s political priorities — and aren‘t an area Mnuchin has a say over — it comes as more say antitrust action is needed to tackle big tech companies like Google, Facebook and Amazon.

What he said: "These are issues that the Justice Department needs to look at seriously — not for any one company — but obviously as these technology companies have a greater and greater impact on the economy, I think that you have to look at the power they have," Mnuchin said on CNBC following a 60 Minutes segment Sunday night on concerns about Google’s power.

Go deeper

Young people want checks on Big Tech's power

Data: Generation Lab; Chart: Sara Wise/Axios

The next generation of college-educated Americans thinks social media companies have too much power and influence on politics and need more government regulation, according to a new survey by Generation Lab for Axios.

Why it matters: The findings follow an election dominated by rampant disinformation about voting fraud on social media; companies' fraught efforts to stifle purveyors of disinformation including former President Trump; and a deadly Jan. 6 insurrection over the election organized largely online.

Wall Street's own populist revolt

Data: FactSet; Chart: Axios Visuals

A popular rebellion, organized by the powerless against the powerful. It might have failed in Washington, but it certainly seems to be working on Wall Street.

Driving the news: The market value of GameStop closed at more than $10 billion on Tuesday, on record volume of more than $26 billion.

27 mins ago - Health

One year of the pandemic

One year ago today, a novel coronavirus was barely beginning to catch the public's eye. There were just over 2,000 confirmed cases worldwide, mostly in China, and five cases in the U.S.

The big picture: The sea of red says it all. Today, there have been over 100,000 cases worldwide, led by the U.S. with 25 million.