Cryptocurrencies

New squeeze for Facebook, Amazon

Big Tech got squeezed from both sides of the Atlantic on Wednesday.

What's happening: The EU will investigate how Amazon creates products that compete with offerings from outside merchants on its site. "Brussels is also poised to conclude a four-year probe into US chipmaker Qualcomm by fining the company for abuse of dominant position." Meanwhile, Republicans and Democrats on Capitol Hill have found common ground: Big Tech is too powerful and needs to be knocked down a peg.