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Google Loses US Antitrust Lawsuit | Bloomberg The Pulse 08/06/24
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August 6, 2024
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41:14Now PlayingSome calms have returned to markets as investors looked for bargains after Monday’s dramatic selloff. Europe’s STOXX 600 index rose 0.6% in early trade after Monday’s slump to a five-month low. Japan’s two key share gauges both jumped more than 9% at the close, after tumbling 12% the day before. S&P 500 futures climbed about 1%, signaling a rebound may be in store after the benchmark sank to the brink of a technical correction on Monday. Nasdaq 100 contracts gained 1.4%. Late Monday, a Washington judge has ruled that Google illegally monopolized the search market through exclusive deals. This is a win on the government's side in its first major antitrust case against a tech giant in more than two decades. The judge says Alphabet Inc. unit’s $26 billion in payments to make its search engine the default option on smartphones and web browsers effectively blocked any other competitor from succeeding in the market.
Today's guests: Kim Crawford, JPMorgan Chase; Emmanuel Cau; Bronwen Maddox, Chatham House CEO
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
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