Customers at the Apple Music section of the new Apple Inc. store in Mumbai, India, on Tuesday, April 18, 2023. Dhiraj Singh | Bloomberg | Getty Images The European Commission, the European Union’s executive arm, on Monday hit Apple with a 1.8 billion euro ($1.95 billion) antitrust fine for abusing its dominant position on the … Read more
Adobe and Figma, the cloud-based design tool, will terminate their planned $20 billion merger in light of regulatory hurdles, the companies said Monday. In a statement, the two companies said “there is no clear path to receive necessary regulatory approvals from the European Commission and the UK Competition and Markets Authority.” Adobe shares rose around … Read more
Packing containers of tablets produced by Teva Pharmaceutical Industries. Chris Ratcliffe | Bloomberg | Getty Pictures Drugmaker Teva Prescribed drugs agreed to pay $225 million in legal fines to resolve costs associated to cost fixing three medicines, together with a generic ldl cholesterol drug that it has agreed to divest, the U.S. Division of Justice introduced … Read more