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  • Reuters

    Google faces closing arguments in US market power trial

    The U.S. government will layout its antitrust case against Alphabet's Google in closing arguments on Thursday, wrapping up a trial in which the online search leader is accused of breaking the law to stay on top. The U.S. government has hammered away at Google in a trial that started Sept. 12, arguing Google is a monopolist and illegally abused its power to favor its bottom line. The second, against Meta, was also filed during the Trump administration, while Biden's antitrust enforcers have followed with a second case against Google and cases against Amazon.com and Apple Inc.

  • Reuters

    Cigna sees strong annual profit on lower costs, pharmacy benefit strength

    The company now expects an adjusted profit of at least $28.40 per share in 2024, up 15 cents from its previous forecast. Cigna's forecast lift comes in contrast to CVS Health, which slashed its annual profit forecast on Wednesday, citing higher medical costs, especially for its Medicare Advantage (MA) plans for adults aged 65 and above.

  • Reuters

    Trump hush-money trial judge to weigh more fines for defying gag order

    New York prosecutors on Thursday will ask the judge overseeing Donald Trump's criminal hush money trial to impose more fines on the former U.S. president for violating a gag order that prohibits him from talking about witnesses and jurors. The $4,000 total penalty prosecutors are seeking would come on top of a $9,000 fine Justice Juan Merchan imposed on Tuesday, when he held the Republican presidential candidate in contempt of court for social media posts that questioned the jury selection process and insulted his former lawyer Michael Cohen, who is expected to be a crucial witness. Merchan said Tuesday that he might jail Trump if he continues to defy the gag order, saying the fines allowed by New York law -- $1,000 per violation -- might not be enough to serve as a deterrent for the wealthy businessman-turned-politician.