The European Commission is conducting a comprehensive review of its ongoing investigations into prominent technology companies, including Apple, Meta, and Alphabet's Google, according to a report by the Financial Times on Tuesday.

Several technology companies have urged President-elect Trump to challenge the European Union's regulatory actions impacting their operations.

A source informed the newspaper that the potential implications of the Trump presidency were factored into the review process, although his election did not trigger the review.

This reassessment may result in Brussels altering or narrowing the scope of the investigations, encompassing all cases initiated since March 2024 under the European Union's significant Digital Markets Act (DMA), as reported by sources.

The DMA represents one of the most rigorous regulations aimed at addressing the market dominance of tech giants, outlining permissible and impermissible actions for the largest technology platforms, with the potential for fines reaching up to 10% of a company's annual revenue.

While the review is underway, all decisions and possible penalties will be suspended, although technical work on the cases will persist, according to the newspaper.

Regulators are currently awaiting political guidance to finalize decisions regarding the cases involving Google, Apple, and Meta, the report noted.

Requests for comments from Apple, Meta, Google, and the European Commission went unanswered.

The DMA, which came into effect in 2022, aims to limit the influence of Big Tech and promote fair competition for smaller companies.

Recently, Meta discontinued its U.S. fact-checking initiative, marking a significant shift in its strategy for managing political content on its platforms. This change aligns with CEO Mark Zuckerberg's efforts to improve relations with the incoming Trump administration.

Additionally, the EU is considering broadening its investigation into whether Elon Musk's social media platform X, a close ally of Trump, has violated its content moderation regulations, as reported by Bloomberg News on Monday.