Antitrust
Google Fined $3.5 Billion by EU
European Union regulators imposed a $3.5 billion fine on Alphabet's Google for antitrust violations. Shares of drugmaker Kenvue fell following reports from the US Department of Health and Human Services. Lululemon was among other trending tickers.
Supreme Court rejects Google's bid to pause Play Store antitrust changes
AI에 의해 보고됨
The US Supreme Court has denied Google's request to freeze upcoming changes to the Google Play Store while the company appeals an antitrust ruling. This decision allows the first phase of remedies, won by Epic Games, to proceed as scheduled. Developers will soon gain more flexibility in app distribution and payments on Android devices.
S&P 500 and Nasdaq Rise on Google Surge
U.S. stocks rose, with the S&P 500 and Nasdaq gaining after Google's positive antitrust ruling. The decision avoided forcing a sale of Chrome but imposed other requirements on the tech giant.
F-Droid urges regulators to block Google's sideloading crackdown
AI에 의해 보고됨
F-Droid, a prominent open-source Android app repository, has called on global regulators to intervene against Google's tightening restrictions on sideloading apps. The organization argues that these measures undermine user choice and competition in the mobile ecosystem. This plea comes amid ongoing debates over app distribution policies.
UK antitrust regulator targets Google's search dominance
AI에 의해 보고됨
The UK's Competition and Markets Authority has designated Google with strategic market status in search and search advertising, confirming its substantial market power. This step under the new digital markets regime could lead to interventions promoting competition. Google has objected, highlighting its economic contributions to the UK.