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    Microsoft stock (MSFT) falls as US targets green card filings for H-1B workers and Italy probes gaming business

    Microsoft stock fell nearly 2% as the US targeted Microsoft’s green card filings for H-1B workers, while Italy opened an investigation into Microsoft-owned gaming companies over virtual currencies, consumer protection and gaming practices.

    Italy launches EU-backed probe into Microsoft-owned gaming companies

    Italy's probe is aimed at Activision Blizzard, among other companies of the Microsoft group, the antitrust authority said in a statement, without naming the others

    Polish regulator suspects Google abused dominant position in publisher payment talks

    The Office of Competition and Consumer Protection, known by its Polish abbreviation UOKiK, said the charges relate to how Google negotiates remuneration for displaying articles and snippets in its search results, Google News and Discover services.

    Paramount Skydance settles with 12 states, clearing hurdle to $110 billion Warner Bros deal

    Paramount Skydance has settled with California and 11 other states that sued to block its proposed $110 billion acquisition of Warner Bros Discovery, removing a major US antitrust hurdle to the deal. Under the settlement, CNN and CBS would get independent editorial boards, while Paramount would face a $30 million penalty per film for falling short of its commitment to release 30 movies annually. The deal still faces remaining regulatory and closing steps, with Paramount also seeking to avoid a $7 million-a-day fee tied to delays beyond September 30.

    Europe's AI firms, playing catch-up, challenge US calls for slowdown

    Anthropic's CEO Dario Amodei in an online essay urged firms to slow the pace at which they improve AI model capabilities and called for an antitrust waiver allowing leading developers to jointly develop safety measures after researchers warned about the dangers of AI, including that it could wipe out humanity.

    Opera loses court challenge against EU exemption of Microsoft's Edge from DMA rules

    The European Commission ⁠in its ⁠2024 decision said Edge was not an important gateway for businesses to reach users even though it met the quantitative criteria set out under the Digital Markets Act which sets out a list of dos and don'ts for Big Tech.

    The Economic Times
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