Core Viewpoint - Newsmax has filed a lawsuit against Fox News, alleging that Fox has engaged in anticompetitive behavior to maintain its monopoly in the right-leaning pay TV news market, thereby harming competitors like Newsmax [2][4][5]. Group 1: Allegations Against Fox News - Newsmax claims that Fox News has used various strategies to coerce distributors into not carrying or marginalizing other right-leaning news channels [4]. - The lawsuit alleges that Fox makes access to its content conditional on distributors agreeing not to carry competing channels, either explicitly or tacitly [4][5]. - Financial penalties are imposed by Fox on distributors who carry competing channels, requiring them to pay high fees for less popular Fox channels [5]. Group 2: Legal Actions and Demands - Newsmax seeks a permanent injunction to prevent Fox from enforcing its allegedly exclusionary agreements [6]. - The company is also pursuing damages amounting to three times the losses it claims to have suffered due to Fox's actions, along with pre- and post-judgment interest at the highest legal rate [6].

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain The list of companies acquired by Amazon, now a leader in multiple lines of business, seems endless: Zappos. Whole Foods. MGM Studios. Ring. In total, it snapped up 280 firms between 1998 and 2022. This history has led to the criticism that antitrust enforcers should have blocked many of these ...

A federal judge just ruled that Google does not have to sell its Chrome browser, and Googlers seem pretty happy about it. On Tuesday, US District Judge Amit Mehta handed down penalties to Google after ruling its search business a monopoly. The US Justice Department, which filed the suit against Google in 2020, had proposed forcing the company to sell its Chrome browser. The judge ruled against this—one of several decisions made in the landmark antitrust case.Google employees have been lighting up the compa ...

Core Viewpoint - A federal judge ruled in favor of Google, allowing it to retain control over its Chrome browser and Android operating system, which has led to a significant increase in Alphabet's stock value and sparked criticism from antitrust advocates [1][5][16]. Group 1: Stock Market Reaction - Alphabet shares surged by 8% in early trading, adding tens of billions in market value within hours following the ruling [2][9]. - Apple also experienced a nearly 4% increase in stock price, benefiting from the ruling that preserves a $20 billion revenue stream from Google for making its search engine the default on iPhones [4]. Group 2: Legal Ruling Details - US District Judge Amit Mehta rejected the Justice Department's demands for Google to divest its Chrome browser and Android operating system, stating that forced sales would be excessive [5][6]. - The judge did impose restrictions on exclusive contracts that block competitors and mandated Google to share some search data with rivals, which was viewed as a more lenient approach [6][9]. Group 3: Reactions from Stakeholders - Critics, including Barry Lynn from the Open Markets Institute, condemned the ruling as a mere slap on the wrist for Google, suggesting it undermines antitrust enforcement [2][7]. - Supporters of the ruling, such as business-backed groups, argued that it reflects the need for antitrust laws to adapt to rapid advancements in AI technology [19]. Group 4: Future Implications - Google is focusing on its Gemini artificial intelligence platform to drive future growth, despite ongoing scrutiny regarding its market dominance [14]. - The ruling does not conclude the legal challenges facing Google, as a separate ad-tech monopoly case is still pending [14].

Hello and welcome to Morning Brief Market Sunrise. I'm Raman Karamali live from Yahoo Finance Studios in London. It's Wednesday 3rd September.Coming up on the show, a judge rules that Google does not have to sell Chrome, sending shares of its parent company, Alphabet, soaring in the pre-market. The global bond sell-off deepens as 30-year Treasury yields get very close to that 5% level, and we'll explain why September is traditionally a bad month for investors. So, grab your coffee and let's own the morning. ...

Core Viewpoint - The federal judge's ruling allows Alphabet to maintain its current structure and operations without breaking up or selling its Chrome web browser, which is seen as a positive development for the company and the industry, particularly in light of advancements in AI [1][2]. Group 1: Market Reaction - Alphabet's shares increased to $223.50, reflecting a nearly 5.4% rise in premarket trading following the ruling [1]. - Apple’s shares also saw a rise of 3.9% to $238.6, as the ruling permitted Google to continue paying Apple approximately $20 billion to remain the default search engine on Apple devices [2]. Group 2: Court Ruling Details - The judge ruled that Google must share its search and user-interaction data with "Qualified Competitors" but did not impose the most severe penalties [2]. - Google is prohibited from entering into exclusive contracts related to the distribution of its services, including Google Search, Chrome, Google Assistant, and the Gemini app [3]. Group 3: Company Response - Google stated that the ruling acknowledges the significant changes in the industry due to AI, emphasizing the intense competition and user choice [3]. - The company expressed concerns regarding the imposed limits on service distribution and data sharing, highlighting potential impacts on user privacy [3]. Group 4: Criticism of the Ruling - Epic CEO Tim Sweeney criticized the ruling, likening it to allowing a guilty party to continue harmful practices while only requiring data sharing with competitors [4].

Five things to watch uh ahead of the opening bill. I get all tied up and will you count just to make sure that uh ready. Y.Okay. Alphabet shares jumping u on a legal win for Google antitrust um against anti US antitrust authorities. The district judge ruling the company will not have to sell its Chrome internet browser.Uh though he said Google would have to share data with its rivals to increase competition in online search. That was one talked about. You do realize that there's a number on the screen.Oh, h ...

MDoculus/iStock Editorial via Getty Images Listen below or on the go on Apple Podcasts and Spotify Google (GOOG) (GOOGL) not required to sell Chrome in antitrust remedy ruling. (00:27) Disney (DIS) agrees to pay $10M to settle children's privacy suit with FTC. (01:18) Salesforce (CRM) CEO: AI agents have replaced 4,000 customer support roles. (02:14) This is an abridged transcript. Google does not have to sell Chrome. That’s the word from the judge in a closely watched antitrust case. Following the r ...

Core Viewpoint - China is investigating Google for anti-monopoly violations following U.S. tariffs on Chinese goods, while Alphabet shares rose nearly 6% as the antitrust case outcome was seen favorably by investors [1]. Group 1: Antitrust Case Developments - The U.S. Department of Justice proposed a breakup of Google, including the divestment of its Chrome browser, in an antitrust case initiated in September 2023 [2]. - Google was found to hold an illegal monopoly in internet search, but the U.S. District Judge ruled against the most severe consequences proposed by the DOJ [2]. Group 2: Implications for Google - Google will not be required to divest Chrome and can continue to make payments to companies for preloading products, but cannot have exclusive contracts tied to these payments [3]. - Google can still pay Apple billions to remain the default search engine on iPhones, maintaining its strategic partnerships [3].

Core Viewpoint - The recent ruling in Google's antitrust lawsuit is seen as largely favorable for the company, allowing it to maintain its key businesses while imposing some restrictions on exclusive contracts and data sharing [1][2][8]. Summary by Sections Legal Ruling - A district judge ruled that Google will not have to divest its Chrome or YouTube businesses, which was a significant concern for investors [1]. - Google is prohibited from entering exclusive contracts with partners like Apple that prioritize its search engine and must share some data with competitors [2]. Market Reaction - Following the ruling, Google's stock increased by 6.7% in after-hours trading, indicating positive investor sentiment [2]. - Analysts described the ruling as "benign," suggesting it alleviated a major overhang on Google's stock [2]. Analyst Insights - RBC Capital analysts noted that the ruling focused on opening Google's search technology to competitors rather than disrupting its distribution framework, which they viewed as a lesser risk [3]. - RBC raised its price target for Google from $220 to $260, citing clearer paths for earnings growth and multiple expansion [3]. Competitive Landscape - Wedbush analysts expressed a favorable view of the ruling, stating it mitigated the worst-case scenarios for Google [8]. - They identified three bullish factors: removal of lingering risks, diminishing impact from generative AI competitors, and Google's repositioning as a leader in the AI space with strong demand trends and accelerating Cloud growth [9]. - Wedbush raised its stock price target from $225 to $245 following the ruling [9]. Stock Performance - Year-to-date, Google's stock has risen by 11.3%, reflecting positive market sentiment and investor confidence [10].