EU antitrust regulators levied a record 4.34-billion-euro ($5.04 billion) fine against Google on Wednesday for illegal restrictions on Android smartphone makers and mobile network operators.

The European Commission ordered Google to end the illegal conduct within 90 days or face additional penalties of up to 5 percent of parent Alphabet’s average daily worldwide turnover.

The EU enforcer also dismissed Google’s arguments citing Apple as a competitor to Android devices, saying the iPhone m

President Trump defended Google — "one of our great companies" — after the European Union hammered the search giant with a $5 billion fine for abusing the dominance of its mobile operating system, Android.


Why it matters: Silicon Valley has not been a friend of Trump's. Google execs have spoken out about his administration's policies and its employee base is lar

https://www.politico.eu/article/apple-ip...lightning/

European Union regulators have accused Apple of being in breach of new laws designed to rein in big tech companies.
The European Commission, which regulates competition in the EU, said Apple's App Store squeezes out rival marketplaces, marking the first time it has found a company in breach of the Digital Markets Act (DMA).
The firm faces a potential fine of up to 10% of its global revenue if it fails to comply with the rules.
Apple said it is "confident our plan complies with the law".

Th

The European Union on Friday indefinitely froze Russia’s assets in Europe to ensure that Hungary and Slovakia, both with Moscow-friendly governments, can’t prevent the billions of euros from being used to support Ukraine.
[color=#0c0c0c][size=large][font=noto_serif, Georgia, "Times New Roman", serif]Using a special procedure meant for economic emergencies, the EU blocked the assets until Russia

Novo Nordisk’s Wegovy Weight Loss Shot Approved at Higher Dose in EU
Regulatory applications are pending with the U.S. Food and Drug Administration

Novo Nordisk received final approval for a higher dose of its Wegovy weight-loss shot from the European Commission.

Approval of the higher 7.2 milligram dose of Wegovy means that doctors in the EU can now prescribe three 2.4 milligram injections in one sitting, once a week.

“This gives doctors another option to help adults who need more wei