Action: The European Commission sent a set of preliminarily findings, an important step in a case under EU law, to Apple and Google claiming likely violations of the European Union’s Digital Markets Act. If the European Commission brings a formal case and is victorious, this could result in fines of up to 10% of global turnover (a definition of revenue used in EU competition cases) or 20% in case of a reoffense.Key Insights
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Administration Nears Deal for New TikTok Ownership Structure
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House Passes National Defense Authorization Act (NDAA)
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