LaibaArshad
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U.S. Justice Department Advocates for Google Asset Divestiture in Antitrust Case
According to PANews, the U.S. Department of Justice has proposed at a Washington antitrust hearing that Google should be compelled to divest core assets, including its Chrome browser, to dismantle its monopoly in the online search sector. Prosecutors argue that Chrome serves as a crucial gateway for users to access search engines, and its separation could enable competitors to gain market data and enhance their services. The hearing is expected to last three weeks, with a final decision on the 'remedial measures' anticipated this summer.
According to PANews, the U.S. Department of Justice has proposed at a Washington antitrust hearing that Google should be compelled to divest core assets, including its Chrome browser, to dismantle its monopoly in the online search sector. Prosecutors argue that Chrome serves as a crucial gateway for users to access search engines, and its separation could enable competitors to gain market data and enhance their services. The hearing is expected to last three weeks, with a final decision on the 'remedial measures' anticipated this summer.
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Circle (CRCL) surged 34% to a new all-time high after the U.S. Senate passed the GENIUS Act — fueling optimism for stablecoin regulation and crypto equities. With Circle’s blowout IPO, many now see this as the start of a broader wave of crypto public listings.
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The Fed held rates steady for the 4th meeting in a row. Chair Powell said more data is needed before cutting, even as inflation cools. The Fed’s 2025 outlook shows two possible rate cuts. Meanwhile, Trump reignited tensions, calling Powell “stupid” and urging a 2% cut to boost the economy.
💬 How are you positioning? Do you expect rate cuts this year — or more delays ahead?
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