- Barrons.com
Google, Apple Hit in Billion-Dollar European Crackdown on Antitrust and Tax
Google-parent Alphabet lost a case with European Union’s top court Tuesday that it violated antitrust laws and will have to pay a hefty fine. Separately, the court upheld a ruling that Apple owes Ireland $14.3 billion in tax. Alphabet shares were up 0.3% in the Tuesday premarket, while Apple shares fell 1%.
- CNN Business
Europe’s top court just delivered multi-billion-dollar blows to Apple and Google
Apple has lost its fight to dodge a €13 billion ($14.4 billion) tax bill following a ruling by Europe’s top court Tuesday, which dealt a blow to the world’s most valuable company just a day after the iPhone maker unveiled a host of product upgrades to boost sales.
- Barrons.com
Apple iPhone Lacks AI Wow Factor, Why Oracle Is More Impressive for Markets. And 5 Other Things to Know Today.
Nvidia’s struggles continue as big investment firms sell up, government presses antitrust claims in court against Google and Tapestry, and more news to start your day.
