U.S. MarketsJuly 15 at 06:47 AM

European Commission is to issue fines totalling hundreds of millions of Euros across multiple decisions against Alphabet's (GOOGL) Google, FT reports citing sources; decision due in the coming week

StockNow breaking-news AI analysis

Google faces hundreds of millions in new EU fines and daily penalties next week, compounding its recent loss of a 4.1 billion Euro Android appeal and ongoing DMA compliance investigations.

News detail

Could see a threat of daily market penalties and/or fresh requirements under the DMA.

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Geopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

U.S. Economy