07:09 AM EST, 01/14/2025 (MT Newswires) -- Ongoing investigations into Apple ( AAPL ) , Meta (META), and Alphabet (GOOG) are being reevaluated by the European Commission under the Digital Markets Act, for potential scale back or change in scope, the Financial Times reported Tuesday, citing EU officials.

The review, of cases launched since March 2024, comes as the tech companies reportedly asked President-elect Donald Trump to challenge what they describe as extreme EU regulatory scrutiny.

All decisions and potential fines are paused during the review, though technical work on the cases continues, with regulators awaiting political direction, the Financial Times added.

The European Commission reportedly said it remains committed to enforcing its rules, denying any delays due to political considerations.

DMA, one of the EU's strictest regulations targeting Big Tech, aims to curb market dominance and can impose fines of up to 10% of a company's annual revenue, the media outlet reported.

Meta, Alphabet, Apple ( AAPL ) and the European Commission did not immediately respond to requests for comment from MT Newswires.

(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.)