EU fines Google almost $3 billion over AdTech practices, reports say

Antitrust & Regulation - The European Commission fined Google 295 billion euros, approximately $35 billion USD, for ad tech practices in Europe [1] - The fine coincides with escalating trade tensions between the US and the EU [1] - Alphabet avoided a breakup in its 5-year landmark antitrust case against the DOJ in the US [2] Market Impact - Alphabet's market capitalization increased by roughly $230 billion USD after avoiding the breakup [2] Executive & Political Relations - CEO Sundar Pichai expressed appreciation for the administration's constructive dialogue regarding the antitrust case [2] - President Trump incorrectly stated that Biden initiated the lawsuit against Google [3]