Apple, Google Lose EU Top Court Battles | Bloomberg The Pulse 09/10/24

Apple, Google Lose EU Top Court Battles | Bloomberg The Pulse 09/10/24

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For your information, you can find below the description of the video Apple, Google Lose EU Top Court Battles | Bloomberg The Pulse 09/10/24 published by the Youtube channel Bloomberg Television:

Apple lost its court fight over a €13 billion ($14.4 billion) Irish tax bill. The EU’s Court of Justice in Luxembourg backed a landmark 2016 decision that Ireland broke state-aid law by giving the iPhone maker an unfair advantage. The court ruled on Tuesday that a lower court win for Apple should be overturned, because judges incorrectly decided that the commission’s regulators had made mistakes in their assessment. The same court backed a once-record €2.4 billion ($2.6 billion) EU fine for Google abusing its monopoly power to crush rival shopping services. The landmark 2017 decision found the US tech giant illegally leveraged its search-engine dominance to give a higher ranking to its own product listings.

Today's guests: Grace Peters, JPMorgan; Pascal Soriot, Astrazeneca CEO

Chapters:
00:00:00 - Headlines & Market Check
00:01:02 - Apple, Google lost EU top court lawsuits
00:02:22 - The Pulse with Francine Lacqua
00:02:44 - Grace Peters, JPMorgan Private Bank
00:11:03 - EXCLUSIVE: Pascal Soriot, AstraZeneca CEO
00:24:05 - Headlines
00:24:50 - Trump, Harris prepare for first TV debate
00:27:41 - Apple, Google Lose EU Top court fights
00:29:01 - Apple unveils iPhone 16, new watches
00:32:19 - Bloomberg Opinion's Parmy Olson on AI power players
00:36:46 - AI self-regulation vs. external regulation
00:40:02 - Ipem conference begins in Paris
00:43:51 - Chinese stocks on verge of five-year low
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