Monopoly and antitrust
X lawsuit vs. Apple and Open AI stays in Fort Worth, Texas; judge suggests they move there
A judge ordered that X and xAI’s lawsuit accusing Apple and OpenAI of trying to maintain monopolies in artificial intelligence markets must remain in federal court in Fort Worth, Texas, despite “at best minimal connections” to that geographic area by any of the companies. Judge Mark Pittman, in a sharply ironic four-page order on Thursday, […]
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China opens antitrust probe into the U.S. chip giant Qualcomm
Microchip and Qualcomm logo displayed on a phone screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on April 10, 2023. Jakub Porzycki | Nurphoto | Getty Images Qualcomm shares slipped on Friday after Chinese regulators said they would investigate the American tech giant’s acquisition of chip firm Autotalks, ramping up […]
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UK ramps up scrutiny of Apple and Google in push for mobile services changes
A series of iPhone 16s on display inside the Apple store at Tun Razak Exchange in Kuala Lumpur, Malaysia, on Sept. 20, 2024. Annice Lyn | Getty Images News | Getty Images Britain’s competition regulators on Wednesday took aim at the mobile ecosystems of Apple and Google, pushing the two companies to make changes to […]
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Google looks likely to lose appeal against record $4.7 billion EU fine
Google suffered a setback Thursday after an advisor to the European Union’s top court recommended it dismiss the tech giant’s appeal against a record 4.1-billion-euro ($4.7 billion) antitrust fine. Juliane Kokott, advocate general at the European Court of Justice, advised the court to throw out Google’s appeal and confirm the fine, which was reduced in […]
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U.S. seeks breakup of Google’s ad-tech products after judge finds illegal monopoly
A Google logo displayed on a smartphone. Mateusz Slodkowski | Sopa Images | Lightrocket | Getty Images The U.S. Department of Justice has proposed that Alphabet’s Google divest its AdX advertising marketplace and ad server DFP, a court filing showed Monday, after a federal judge found the company illegally dominated two online ad-tech markets. The judge set a September trial […]
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Google, Apple hit with EU antitrust actions under cloud of Trump tariff threats
A man holds an Apple iPhone 16 Pro Max ahead of the launch of sales of the new iPhone 16 series smartphones in a store in Moscow, Russia September 20, 2024. Evgenia Novozhenina | Reuters European Union regulators are taking steps to rein in Google and Apple on antitrust charges, even as U.S. President Donald […]
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Experts say high food prices are here to stay. Here’s why
Inflation has steadily cooled over the past two years, despite seeing a slight stall in October and November. Prices for items such as gasoline, used cars and energy have all declined accordingly. However, food prices continue to outpace inflation, increasing by 28% since 2019. More than 85% of consumers report feeling frustrated with rising grocery […]
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Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto
Blinkit and Zomato logos are seen in this illustration taken June 27, 2022. Dado Ruvic | Reuters India’s biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies — Zomato’s Blinkit, Swiggy and Zepto — for alleged predatory pricing, a letter showed on Sunday. Quick commerce is a new shopping rage in India, with companies […]
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Google’s 2.4 billion euro fine upheld by Europe’s top court in EU antitrust probe
The European Union flag is seen with Google’s logo. Jaap Arriens | NurPhoto | Getty Images Europe’s top court on Tuesday upheld a 2.4 billion euro ($2.65 billion) fine imposed on Google for abusing its dominant position by favoring its own shopping comparison service. The fine stems from an antitrust investigation by the European Commission, […]
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CNBC Daily Open: Dow sheds 1,000 points, Japan stocks rebound
A trader works on the floor of the New York Stock Exchange. NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to […]
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