EU Passes Data Act to Regulate Big Tech and Bolster Consumer Choice

EU countries and lawmakers agreed on rules for Big Tech and other companies to use European consumer and corporate data.
The legislation gives individuals and businesses more control over their data and allows them to copy or transfer data easily from different services.
Manufacturers can reject data sharing requests under exceptional circumstances where operators could face "serious and irreparable economic losses" undermining their economic viability under the new law.
The European Parliament and Council of the EU have reached a provisional agreement on a new Data Act.
The legislation aims to regulate how consumer and corporate data can be used and accessed in the EU.