Shares in U.S. tech giant Alphabet (GOOGL) rose early Tuesday as the European Commission began formal talks with Google on providing Android access and search engine data to rival developers and artificial intelligence companies.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The European Commission launched two sets of “specification proceedings” in this regard. The goal is to discuss specific measures to help the American company comply with the EU Digital Markets Act.