Shares of technology companies rose even as the specter of more government regulation loomed.
House lawmakers proposed a raft of bipartisan legislation aimed at reining in the power of Big Tech, including a bill that aims to make Amazon.com and other large companies effectively split into two companies or shed their private-label products.
The House bills amount to the biggest Congressional broadside yet on a handful of technology companies -- including Alphabet's Google, Apple and Facebook as well as Amazon -- whose enormous size and power have drawn growing scrutiny from lawmakers and regulators in the U.S. and Europe.
Didi Chuxing Technology, the Chinese ride-hailing behemoth, made its IPO papers public on Thursday, setting the company up to raise billions and begin trading publicly in the U.S. in July.
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(END) Dow Jones Newswires