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Europe's top court upheld findings that Google abused Android's market dominance.

On this episode of Stock Movers: - SoftBank (SFTBY) shares are responding to news that it is starting a new U.S. venture to rent out the computing power needed to build and run artificial-intelligence models, aiming to capitalize on strong American demand for AI computing resources. - Shares of Alphabet/Google (GOOG) are responding to the company losing its long-running fight against a 4.1 billion ($4.7 billion) European Union antitrust fine after the bloc's top judges said regulators were right to punish the US giant for abusing Android's market power.

Alphabet's Google on Thursday lost its fight against a record fine imposed by ‌EU antitrust regulators eight years ago for using its Android mobile operating ‌system to block rivals, a court ruling likely to boost Europe's crackdown on Big Tech. The European ​Commission had originally handed out a €4.34 billion fine to Google in 2018 for its agreements which forced phone manufacturers to pre-install Google Search, the Chrome browser and the Google Play app store on their Android devices and prevented them from using rival ‌Android systems. Google then appealed ⁠to the Luxembourg-based Court of Justice of the European Union, Europe's highest.

Yahoo Finance Tech Editor Dan Howley breaks down some of the day's biggest headlines, including Alphabet's Google (GOOG, GOOGL) being ordered by a Swedish court to pay nearly $2 billion to buy now, pay later platform Klarna (KLAR) in an antitrust suit.

South Korea's antitrust regulator accused Google of abusing its dominance in the Android app market.

By Supantha Mukherjee STOCKHOLM, July 1 (Reuters) - A Swedish court on Wednesday ordered Alphabet's Google to pay about $1.5 billion in damages to PriceRunner, the price comparison business owned by

A Swedish court determines the Alphabet-owned tech giant favored its own shopping service in search results.

The Patent and Market Court in Stockholm ruled Google unlawfully favored its own shopping comparison service, though the award fell well short of what PriceRunner sought

Watchdog says company restricted app store competition.

A Swedish court ordered Alphabet’s Google to pay Klarna $1.97 billion in damages after the buy now, pay later company won an antitrust case alleging that the search giant engaged in anticompetitive practices. Klarna’s price-comparison unit, PriceRunner, sued Google in 2022 in Swedish court. PriceRunner alleged Google was giving preferential treatment to its own price-comparison service in its search results.

A Swedish court on Wednesday ruled that Google-parent Alphabet abused its internet search-related market power in comparison shopping services versus Klarna Group's Pricerunner unit. Google was ordered to pay Klarna nearly $2 billion in damages. Klarna stock popped on the news.

Investing.com -- Klarna Group (NYSE:KLAR) shares jumped 6% on Wednesday following a massive legal victory over Alphabet’s tech monopoly. A Swedish court ruled in favor of Klarna’s subsidiary, PriceRunner, awarding the company a staggering $1.97 billion in antitrust damages. The high-stakes judgment caps off a fierce battle over online shopping dominance, with the court finding that Google illegally choked out competition by manipulating search results to favor its own comparison-shopping service

STOCKHOLM, July 1 (Reuters) - A Swedish court said on Wednesday Alphabet's Google is to pay the equivalent of around 14.3 billion Swedish crowns  ($1.5 billion) in antitrust damages to Klarna's price

A Swedish court on Wednesday ordered Alphabet's Google to pay about $1.5 billion in antitrust damages ‌to PriceRunner, the price comparison business owned by payments platform Klarna. The ‌award, equivalent to around 14.3 billion Swedish crowns, comes amid growing scrutiny of U.S. Big ​Tech companies in Europe. It is the largest award by a Swedish court in a competition case, though well below the 78 billion crowns PriceRunner had sought, including accrued interest.

Paramount Skydance (PSKY) has reportedly offered concessions to address European Union competition c

Disney's $50 million class action settlement pays YouTube TV and DirecTV Stream subscribers who had plans between April 2019 and March 2026.

YouTube TV and DirecTV Stream subscribers from April 2019 through March 2026 can file claims by Sept. 8

The CNMC is looking into whether some executives publicly outlined their banks’ future commercial policies, especially on fixed-rate mortgage pricing.

The European Union told Meta Platforms to reverse a policy that effectively bans rival artificial intelligence chatbots from using a tool to communicate with users on WhatsApp as officials continue to probe the company’s messaging service.

Apple has agreed to submit the financials of its India business to the country's antitrust body as part of an investigation that found the U.S. firm ‌abused its market position, taking the long-delayed case a step closer to a potential penalty decision, an ‌agency order shows. The case is Apple's most high-profile regulatory headache in India, a key growth market where it has rapidly expanded iPhone production as ​it diversifies beyond China. A confidential Competition Commission of India (CCI) order, reviewed by Reuters, showed Apple last month agreed to supply its India financials - typically needed by the watchdog for penalty calculations.

The U.S. Food and Drug Administration (FDA) has approved pivekimab sunirine-pvzy (sold under the brand name Decnupaz), a highly targeted therapy for adults dealing with an ultra-rare and aggressive form of blood cancer.

When the Justice Department settled with Live Nation at the start of a long-awaited antitrust trial, it mounted a pressure campaign against a group of plaintiff states to demand that Republican attorneys general join the truce. Then-Attorney General Pam Bondi warned some of the GOP state officials that the deal was personal to President Trump, according to people familiar with the matter. Following the April jury verdict that found the company engaged in illegal monopolization, the states on Thursday asked a judge to impose sweeping changes on Live Nation, including forcing it to sell off its Ticketmaster subsidiary and some of the amphitheaters where it packs fans for summertime tours.

A new mortgage assistance program from Wells Fargo & Co. could help low- and moderate-income homebuyers.

NEW DELHI, May 18 (Reuters) - An Indian court has told Apple to "fully cooperate" with investigators in an antitrust case related to the iPhone ​apps market, not agreeing with the U.S. company's

Apple (AAPL) has backed Alphabet's (GOOG, GOOGL) concerns on risks to privacy, security and safety d

Meta Platforms, Inc. (NASDAQ:META) is temporarily granting competing AI chatbot developers free access to WhatsApp in Europe as it seeks to resolve escalating antitrust concerns from EU regulators and avoid potentially billions in penalties. Meta Makes Temporary WhatsApp Concession Amid EU Pressure The company said Tuesday that general-purpose AI chatbots operating in the European Economic Area will receive free access to WhatsApp's Business API for one month while discussions with the European

LONDON, May 12 (Reuters) - Nokia won an appeal to block London lawsuits by Taiwanese tech companies Acer and Asus on Tuesday in a case which is part of a global dispute over video coding technology.

The FDA approved fruit-flavored vape pods on Wednesday for the first time in six years. Critics say it's political pressure. Supporters say it follows the science.

Google has proposed modifications to the way it presents ‌news results on its search ‌engine, aiming to prevent additions to the 9.5 ​billion euros ($11.16 billion) in competition fines it has accumulated from the European Union, Bloomberg News reported on Wednesday. The company could avoid a formal order to change its business practices and potential fines under the Digital Markets Act if its ‌offer, which includes ​amendments to its anti-spam ​policies, is ​approved by market rivals ‌and EU regulators, the report ​said. Google did not immediately respond to ​a Reuters ‌request for comment.