Antitrust Fine - Google faces a $345 billion (3450 亿) antitrust fine from EU regulators [1] Regulatory Scrutiny - The fine is tied to Google's adtech practices [1]

Market Overview - The month of September historically begins with bearish trends, marked by a broad-market selloff due to tariff updates, rising bond yields, and profit-taking in the tech sector [1] - Despite the initial selloff, the S&P 500 Index and Nasdaq Composite Index reached record highs by the end of the week, while the Dow Jones Industrial Average faced its second consecutive weekly loss [1] Employment Data - Weak employment data was a focal point for investors, influencing perceptions of the labor market and the potential for a rate cut in September [2] - The Job Openings and Labor Turnover report indicated approximately 7.18 million job listings in July, falling short of expectations and marking only the second reading below 7.2 million since 2020 [2] - The ADP private payrolls report also underperformed expectations, and the August jobs report revealed only 22,000 jobs added, significantly below the anticipated 75,000 [2] Individual Company Movements - Alphabet (GOOGL) reached record highs, positively impacting the tech sector after avoiding a breakup in the Department of Justice's antitrust case [3] - Apple (AAPL) also benefited from Alphabet's performance amid its own antitrust lawsuit [3] - PepsiCo (PEP) saw its stock rise following news of activist investor Elliott Investment Management acquiring a $4 billion stake, citing a "rare" and "historic" turnaround opportunity [3] - Several companies reported earnings, including Nio (NIO), Dollar Tree (DLTR), Macy's (M), Zscaler (ZS), Salesforce (CRM), American Eagle (AEO), Lululemon (LULU), and Broadcom (AVGO) [3] Future Outlook - Upcoming inflation data will be crucial for market participants, and 35 ETFs are highlighted for monitoring following the recent surge in the S&P 500 [4] - The start of the football season is noted as a time for strategic approaches applicable to both fantasy football and options trading [4]

The bloc’s antitrust regulators say the search giant may need to divest parts of its business https://t.co/asAUcS8Y8k ...

Google was on Friday hit with a 2.95-billion-euro ($3.45 billion) antitrust fine from European Union regulators for anti-competitive practices in its lucrative advertising technology business.The European Commission, which is the executive body of the EU, accused Google of distorting competition in the so-called adtech market by unfairly favoring its own display advertising technology services to the detriment of rival adtech providers, advertisers and online publishers.It also ordered Google to "bring thes ...

Core Points - The European Union imposed a $3.45 billion fine on Google for anti-competitive practices in its adtech business, marking the fourth penalty in a decade-long conflict with EU regulators [1][5][8] - The fine was influenced by a complaint from the European Publishers Council and comes amid political tensions regarding potential retaliation from the U.S. [1][2] - The European Commission accused Google of favoring its own online display technology services at the expense of competitors and publishers, abusing its market power since 2014 [3][7] Regulatory Actions - Google has been ordered to cease self-preferencing practices and address conflicts of interest, with a 60-day deadline to inform the Commission of compliance plans [3][6] - The Commission expressed a preliminary view that Google should divest part of its services but will first assess Google's compliance efforts [4] Company Response - Google plans to challenge the EU's decision in court, arguing that the fine is unjustified and that the required changes could negatively impact European businesses [6][8] - The latest fine is less than previous penalties, including a record $5 billion in 2018, $2.8 billion in 2017, and $1.75 billion in 2019, indicating a shift in the EU's approach to fines [8][9]

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]

Google got off lightly for monopoly bad behavior, writes @johnauthers. Antitrust in the New Gilded Age needs to catch up with the first one (via @opinion) https://t.co/KwVmFtBqo2 ...

Alphabet shares are suddenly unshackled after a long-awaited antitrust ruling removed a key risk that’s weighed on the stock for months https://t.co/Nj4rzwYVi6 ...

In Google’s antitrust ruling, the judge said what tech “changed the course of this case”?Place your bets in the latest edition of Pointed, Bloomberg’s weekly news quiz for risk-takers ⤵️ https://t.co/2yRrBEKbQS ...

Core Viewpoint - Microsoft has reached a settlement with the European Union to avoid an antitrust fine by agreeing to sell its Teams videoconferencing app separately from its Office packages [1][3]. Group 1: Settlement Details - The settlement, still in draft form, requires Microsoft to charge less for packages that do not include Teams and to enhance interoperability with rival software [2][3]. - EU regulators accepted the settlement offer after receiving positive feedback from Microsoft's customers and rivals, with a final decision expected within weeks [3]. Group 2: Background of Investigation - The investigation was initiated following a 2019 complaint by Slack, prior to its acquisition by Salesforce in 2021 [4]. - Microsoft had previously indicated its willingness to cooperate with the EU's investigation and proposed to stop automatically installing Teams for Office customers [4]. Group 3: Microsoft's Response to Antitrust Concerns - In August 2023, Microsoft announced plans to unbundle Teams from its Office and Microsoft 365 suites for customers in the European Economic Area and Switzerland [5]. - The European Commission was preparing to conduct a market test to gather feedback from competitors and enterprise customers before making a final decision [6].