- The Government of India has expressed concerns over Meta Platforms Inc. (NASDAQ: META ) introducing usernames on its messaging platform, WhatsApp, citing a potential increase in cybercrime.
- Meta suffered a significant legal setback after a federal judge allowed most claims in a lawsuit brought by 29 state attorneys general over the alleged addictive design of Facebook and Instagram to proceed.
- The European Union’s top court has upheld the record antitrust fine of €4.1 billion ($4.67 billion) levied on Alphabet Inc. ‘s (NASDAQ: GOOGL ) (NASDAQ: GOOG ) Google over alleged anti-competitive practices.
- The Federal Communications Commission (FCC) said it will vote July 22 on a sweeping Space Modernization Order that aims to cut satellite licensing timelines from more than a year to weeks or months, potentially accelerating the rollout of next-generation space broadband.
- Germany has reportedly requested that the U.S. allow an increase in the production of American weapons on German soil.
- The Donald Trump administration declared a power emergency as a heat wave that could affect millions of people looms over the U.S., but Economist Robert Reich points to blue-collar workers bearing the worst of the effects.
- A class action filed June 25 in the U.S. District Court for the Northern District of California accuses Micron Technology Inc. (NASDAQ: MU ), Samsung Electronics Co., Ltd. (OTC: SSNLF ) and SK hynix Inc . of unlawfully coordinating production to restrict DRAM supply and drive prices higher.
- Australia’s competition watchdog has sued Amazon.com Inc. (NASDAQ: AMZN ), alleging the e-commerce giant used unfair subscription terms to force more than one million annual Prime members to either watch advertisements on Prime Video or pay extra to remove them.
