The Federal Trade Commission (FTC) is investigating the $3.9 billion transaction between Amazon.com Inc. (NASDAQ: AMZN) and 1Life Healthcare Inc. (NASDAQ: ONEM).
President Joe Biden is set to sign an executive order Friday focused on restricting anticompetitive practices among big tech companies.
The increased antitrust scrutiny creates a 5% to 7% overhang on tech stocks, Wedbush Securities analyst Daniel Ives said Friday on CNBC's "Squawk Box."