Market Chatter: Tech Majors Under Pressure Over Secret Aspects of Data Center Approvals

MT Newswires Live09-30 18:49

Amazon.com (AMZN), Alphabet's (GOOG, GOOGL) Google, Meta Platforms (META) and Oracle (ORCL) are being pressed by a Democratic lawmaker for more information on secret communications with local officials regarding data center construction, the Wall Street Journal reported Wednesday, citing letters it reviewed.

Maryland Congressman Jamie Raskin sent letters Tuesday seeking information on any nondisclosure agreements the companies signed with government officials over data center constructions, the report said.

Another lawmaker has proposed a law limiting nondisclosure agreements with government officials in connection to data-center projects, the report said.

Amazon, Google, Meta, and Oracle did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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