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How Biden's Executive Order Likely Hurts Big Tech Cloud Acquisitions

Dan Ives, managing director, equity research at Wedbush, joined Cheddar to talk about President Joe Biden's executive order targeting Big Tech and anti-competitive practices. Ives said he believes the move will likely have implications for large tech companies looking to consolidate their businesses through mergers and acquisitions rather than talent acquisition. He noted that cloud acquisition for the likes of Amazon or Google is an area likely to be hurt the most by the president's initiative.

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