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Swedish court orders Google to pay $1.5 billion to Klarna in antitrust damages
Reuters35d agoneutral
Swedish court orders Google to pay $1.5 billion to Klarna in antitrust damages

A Swedish court on Wednesday ordered Alphabet's Google to pay about $1.5 billion in antitrust damages ‌to PriceRunner, the price comparison business owned by payments platform Klarna. The ‌award, equivalent to around 14.3 billion Swedish crowns, comes amid growing scrutiny of U.S. Big ​Tech companies in Europe. It is the largest award by a Swedish court in a competition case, though well below the 78 billion crowns PriceRunner had sought, including accrued interest.

Uber changes key rule for drivers amid rider safety lawsuits
TheStreet35d agobearish
Uber changes key rule for drivers amid rider safety lawsuits

Uber’s business depends on a simple but fragile exchange of trust. A customer opens an app, confirms a name and license plate, and gets into a stranger’s car. This routine has become normal for millions of riders heading to airports, restaurants, offices, hotels, concerts, and home after nights ...

Airbnb must face Los Angeles lawsuit alleging price gouging during 2025 wildfires
Reuters36d agobearish
Airbnb must face Los Angeles lawsuit alleging price gouging during 2025 wildfires

June 30 () - Airbnb must ‌face a ‌lawsuit by the ​city of Los Angeles, which accused ‌the ⁠home rental company of ⁠allowing price gouging ​affecting ​more ​than 2,600 ‌properties during the January 2025 wildfires in southern ‌California, ​City ​Attorney ​Hydee Feldstein ‌Soto said on ​Tuesday. (Reporting ​by Jonathan Stempel ​in ‌New York; Editing ​by Chris ​Reese).

US Supreme Court to hear Apple appeal of contempt in Epic Games lawsuit
Reuters36d agobearish
US Supreme Court to hear Apple appeal of contempt in Epic Games lawsuit

The U.S. Supreme Court agreed on Tuesday to hear Apple's bid to escape being found in contempt in its legal fight with "Fortnite" maker ‌Epic Games after the iPhone maker was deemed in violation of a judicial order mandating sweeping ‌changes to its lucrative App Store in the antitrust litigation. The justices took up Apple's appeal of a lower court's ruling upholding ​a decision by Oakland, California-based U.S. District Judge Yvonne Gonzalez Rogers finding Apple in contempt in Epic's 2020 lawsuit contesting App Store fees. The Supreme Court is expected to hear the case in its next term, which begins in October.

Micron Hit With Price-Fixing Lawsuit: Real Collusion or Simple Supply and Demand?
24/7 Wall St.36d agobearish
Micron Hit With Price-Fixing Lawsuit: Real Collusion or Simple Supply and Demand?

Artificial intelligence has created shortages across nearly every part of the semiconductor supply chain. GPUs have received most of the attention, but memory chips have quietly become just as critical. Every advanced AI accelerator depends on high-bandwidth memory (HBM), and manufacturers are struggling to keep pace. Even after investing billions of dollars to expand production, ... Micron Hit With Price-Fixing Lawsuit: Real Collusion or Simple Supply and Demand?

Apple says India 'copy-pasted' rivals' claims in antitrust probe
Reuters Videos37d agobearishVIDEO
Apple says India 'copy-pasted' rivals' claims in antitrust probe

<body><p>STORY: Apple accused&nbsp;India’s antitrust watchdog of "copy-pasting" rivals' claims in the latest escalation of their ongoing fight.&nbsp;</p><p>Regulatory papers reviewed by Reuters showed that Apple said the body failed to conduct its own probe after it concluded the tech giant breached competition laws.</p><p>Apple has called for the findings to be quashed.&nbsp;</p><p>It marks the sharpest move yet in Apple's conflict with the Competition Commission of India (CCI)...</p><p>Where Tinder-owner Match and Indian firms like Paytm are among its opponents.</p><p>In 2024, India’s watchdog published a report saying Apple engaged in "abusive conduct" on the apps platform of its iOS operating system...</p><p>And that Apple wrongly mandated the use of its payment system.</p><p>Apple has denied the allegations.&nbsp;</p><p>The tech giant instead branded itself a “miniscule player” in India with a sub-6% share of India's smartphone market.</p><p>And said that any forced alterations to its App Store could disrupt its integrated business model.</p><p>Similar arguments by other big companies, like Alphabet’s Google in 2023, have failed to sway the watchdog.</p><p>The CCI and its head of investigations] did not respond to Reuters queries.</p><p>&nbsp;Apple also did not respond to requests for comment.</p></body>

Microsoft (MSFT) Faces EU Gatekeeper Move And Italy Antitrust Probe
Simply Wall St.37d agobearish
Microsoft (MSFT) Faces EU Gatekeeper Move And Italy Antitrust Probe

The European Commission has issued a preliminary decision to classify Microsoft Azure as a gatekeeper under the Digital Markets Act, signaling new potential obligations for the cloud platform in the EU. Italy's antitrust regulator has opened an investigation into Microsoft 365, focusing on how Copilot and Designer are integrated, how price changes are communicated, and the handling of customer migrations to higher priced plans. Both actions highlight growing regulatory attention on...

Gilead (GILD) Wins FDA Approval for Trodelvy in TNBC
Insider Monkey38d agobullish
Gilead (GILD) Wins FDA Approval for Trodelvy in TNBC

Gilead Sciences, Inc. (NASDAQ:GILD) is one of the 12 Most Profitable S&P 500 Stocks to Invest In. On June 25, 2026, the Food and Drug Administration approved Trodelvy from Gilead Sciences, Inc. (NASDAQ:GILD) for two indications in adults with triple-negative breast cancer. The first approval covers sacituzumab govitecan-hziy as a single agent for the first-line […]

Snap (SNAP) Faces Major Lawsuit Over Child Safety And Online Grooming Risks
Simply Wall St.40d agobearish
Snap (SNAP) Faces Major Lawsuit Over Child Safety And Online Grooming Risks

A major lawsuit has been filed against Snap Inc. that alleges Snapchat’s product design enabled a predator to groom and assault a minor. The case focuses on features such as disappearing messages, Quick Add, Bitmoji avatars, and location sharing, which are claimed to have increased child safety risks. The suit highlights broader law enforcement concerns about Snapchat’s role in global online grooming cases and raises new legal and reputational questions for NYSE:SNAP. Snap, trading on the...

Airbnb (ABNB) Faces Chicago Lawsuit Over Alleged Illegal Short Term Rentals
Simply Wall St.40d agobearish
Airbnb (ABNB) Faces Chicago Lawsuit Over Alleged Illegal Short Term Rentals

Chicago authorities have filed a lawsuit against Airbnb, alleging the company facilitated illegal short term rentals in the city. The case focuses on compliance with local regulations in a major U.S. urban market that is important for Airbnb’s global platform. The legal action raises fresh questions around how NasdaqGS:ABNB manages city level rules and relationships with regulators. Airbnb runs a global marketplace that connects guests with hosts offering short term stays, often in...