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They will also testify on “how they plan to address new requirements from the European Union and California, and what Congress can do to promote clear privacy expectations without hurting innovation,” Thune said. Data privacy has become an increasingly important issue, fueled by massive breaches that have compromised the personal information of millions of U.S. internet and social media users, as well as breaches involving large retailers and credit reporting agency Equifax Inc. Separately, House Majority Leader Kevin McCarthy said in a tweet late on Tuesday that Google “claims to be fair, but gave a ‘silent donation’ to a left-wing group to stop Trump” and “works w/ China/Russia to censor the internet, but canceled a contract with our military.”.

He noted Google declined to take part in a Senate Intelligence hearing last week that featured Twitter and Facebook, “It’s time for @Google to answer some ?’s An invite will be on its way,” McCarthy wrote, Google said in a statement retro philadelphia eagles helmet cufflinks on Wednesday that the “suggestion that Google’s products or actions are politically biased is simply wrong.” The company said it “will continue to ensure that our products and election efforts remain strictly non-partisan in nature.”..

The Internet Association, which represents more than 40 major internet and technology companies, said on Tuesday it backed modernizing U.S. data privacy rules but wants a national approach that would pre-empt new regulations in California that take effect in 2020. The witnesses at the Sept. 26 Senate hearing include Google’s chief privacy officer, Twitter’s global data protection officer and Apple’s vice president for software technology. The White House said in July it was working to develop consumer data privacy policies and officials have held more than 50 meetings with major firms and other groups as the Trump administration seeks to help the policies become enshrined in legislation eventually.

California Governor Jerry Brown signed data privacy legislation in June aimed at giving consumers more control over retro philadelphia eagles helmet cufflinks how companies collect and manage their personal information, although it was not as stringent as new rules in Europe, Under the law, large companies would be required starting in 2020 to let consumers view the data they have collected on them, request deletion of data, and opt out of having the data sold to third parties, The European Union General Data Protection Regulation took effect in May, replacing the bloc’s patchwork of rules dating back to 1995, Breaking privacy laws can result in fines of up to 4 percent of global revenue or 20 million euros ($23.2 million), whichever is higher, as opposed to a few hundred thousand euros..

SAN FRANCISCO (Reuters) - Alphabet Inc, Facebook Inc, Netflix Inc and others will be in focus on Sept. 24 when they are moved out of the tech and consumer discretionary sectors into a deepened pool of communication and media stocks. In the largest-ever shakeup of the Global Industry Classification Standard (GICS), the telecommunication services sector will be renamed “communication services” and include 18 companies pulled from consumer discretionary and technology, including Netflix, Walt Disney Co and Twitter Inc.

S&P Dow Jones Indices and MSCI have maintained the widely used business classification system since 1999, and the rearrangement is meant to reflect how the tech, media and consumer industries have evolved, Stocks being shifted account for about 8 percent of the S&P 500, and S&P subindexes will reflect the changes once trading starts on Sept, 24, The communication services sector will include three out of the four so-called FANG stocks - Facebook, Amazon.com Inc, Netflix and Google-owner retro philadelphia eagles helmet cufflinks Alphabet - even though investors widely consider them the leaders of the tech rally that powered the stock market higher in recent years..

Alphabet and Facebook will leave technology and Netflix will by moved out of consumer discretionary to join to the renamed sector. Amazon will stay put in consumer discretionary. Graphic: S&P 500 current sectors - reut.rs/2CHuALD. The technology sector’s weight in the S&P 500 will shrink to 20 percent from 26 percent. Its largest remaining constituents will be Apple Inc, Microsoft Corp, Visa Inc and Intel Corp. After the shuffle removes the influence of some of the biggest companies from the sector’s performance, chipmakers, cloud-computing sellers and other tech constituents may have more of a chance to shine.

Graphic: S&P 500 future sectors - reut.rs/2CEBuBd, Exchange-traded funds (ETFs) that passively track sector indexes have about $89 billion invested in technology, more than any other sector, according to data from Thomson Reuters Lipper, Trading could be volatile on Friday for stocks caught in the shakeup as some of those tech ETFs, along with index funds focused on consumer discretionary and telecoms, adjust their portfolios, But some of the heavy lifting is already complete, Leading fund provider Vanguard Group started transitioning its sector ETFs in the June quarter, while State retro philadelphia eagles helmet cufflinks Street Global Advisors has already launched a new fund tracking communication services..



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