Ferguson said he will roll back the FTC's "anti-business agenda" while going after Big Tech companies for what he sees as censoring conservatives.

Investing.com -- President-elect Donald Trump has announced his intention to elevate current FTC Commissioner Andrew Ferguson to the role of Chairman, with the transition expected next month.

Alphabet led a Big Tech rally on Wednesday, with its stock hitting a record high after U.S. President-elect Donald Trump picked Federal Trade Commissioner Andrew Ferguson to lead the consumer protection and antitrust agency.