EUROPE - European Commission President Ursula von der Leyen informed President-elect Joe Biden ahead of today's inauguration that Silicon Valley CEOs have no authority to decide on laws and rules, according to RT News. Von der Leyen said in a speech on Wednesday to the European Parliament that the incoming Biden administration must begin to regulate big tech companies. European lawmakers are in the process of formulating new digital privacy and antitrust regulation that would have severe implications for Apple, Google, and Facebook. Von der Leyen said tech giants that moderate themselves is a red flag, adding that it's more critical than ever for governments to intervene now. "This kind of decision must be taken in accordance with laws and rules... not by an arbitrary decision in the power of Silicon Valley CEOs," she said.