Google is one of the most recognized and successful companies in the world. While regarded as a search engine, Google does SO much more than that — including retail sales. And while Google has come under fire in the past for questionable practices, the latest action by the European Commission has stated a clear message: Google has officially crossed the line into antitrust territory. The European Commission levied a record $2.7 billion fine against Google for illegal competitive advantages. And while that fine may be enormous, there are bigger issues for Google to worry about.
Read The Capitalist’s Take Here
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SENATE GOP DELAYS OBAMACARE REPEAL VOTE DUE TO LACK OF SUPPORT
Senate Republicans on Tuesday delayed their plans to vote on repealing Obamacare this week amid strong resistance from moderate and conservative Republicans to even starting debate on the GOP bill.
Republicans plan to rewrite their health bill over the Fourth of July recess and get a new analysis from the Congressional Budget Office before bringing legislation to the floor, according to senators and aides. GOP senators said their goal is to have an agreement by Friday and vote as soon as they come back from the break.
Read More at Politico Here
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HACKERS LAUNCH NEW RANSOMWARE ATTACK ACROSS THE GLOBE
Hackers launched blistering ransomware attacks Tuesday against companies and agencies across the world, particularly targeting Ukranian businesses.
Major global firms reported that they had been targeted, including British advertising agency WPP (WPPGY), Russian oil and gas giant Rosneft and Danish shipping firm Maersk.
“IT systems in several WPP companies have been affected by a suspected cyber attack,” WPP said on its Twitter account.
Maersk issued a similar statement, saying its tech systems “are down across multiple sites and business units due to a cyberattack.”
Read More at CNN Here
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Closing Bell
– Tuesday, June 27th
Markets Drop DOWN as Senate Delays Healthcare Vote
Big Insider Trades
– Accenture plc (ACN) CEO Pierre Nanterme Sells $5m
– EQT Corp. (EQT) Cary Bray Jr. Buys $1.5m
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