"EU's Digital Markets Act: Big Tech Faces Sweeping Changes and Investigations"

The European Union's Digital Markets Act (DMA) has come into force, affecting six major tech companies, five of which are American. The Biden administration received protests from U.S. industry associations and members of Congress but chose not to push the issue, prioritizing other international matters. The DMA requires significant changes from tech giants operating in the EU, aiming to increase competition and protect consumer data. While some U.S. officials have expressed concerns about the law, others see it as a positive step and praise the administration for not solely advocating for U.S. tech companies.