WS #11232
EU's top court definitively confirms Google's €4.125 billion antitrust fine over Android, a final legal blow that could pressure Alphabet's earnings and regulatory outlook. South Korea's Kospi falls 7.9% as Samsung and SK Hynix lose $290B in market value on AI chip demand worries, spilling over to US semiconductor futures and Nikkei. OpenAI proposes giving US government a 5% ownership stake to ease tensions with Trump administration and blunt public backlash against AI, a significant governance development. Microsoft plans layoffs of less than 2.5% of workforce (approx. 5,500 employees) affecting sales, consulting, and Xbox, after stock suffered worst monthly drop since 2000 (-19% in June).
Google Loses Final Appeal on €4.1B EU Antitrust Fine
EU's top court definitively confirms Google's €4.125 billion antitrust fine over Android, a final legal blow that could pressure Alphabet's earnings and regulatory outlook.
South Korea's Kospi falls 7.9% as Samsung and SK Hynix lose $290B in market value on AI chip demand worries, spilling over to US semiconductor futures and Nikkei.
OpenAI proposes giving US government a 5% ownership stake to ease tensions with Trump administration and blunt public backlash against AI, a significant governance development.
Microsoft plans layoffs of less than 2.5% of workforce (approx. 5,500 employees) affecting sales, consulting, and Xbox, after stock suffered worst monthly drop since 2000 (-19% in June).