Google-parent Alphabet hits record high after Trump taps Andrew Ferguson as FTC chair
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Alphabet's stock reached a record high following the announcement that Andrew Ferguson will lead the FTC, sparking a rally in Big Tech stocks.
December 11, 2024 | 9:00 pm
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Alphabet's stock reached a record high after Andrew Ferguson was appointed as the new FTC chair, which is seen as a positive development for Big Tech companies.
The appointment of Andrew Ferguson as FTC chair is perceived positively for Alphabet, as it suggests a potentially favorable regulatory environment for Big Tech. This has led to a rally in Alphabet's stock, reaching a record high.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100