Overview of Markets Global markets opened cautiously as investors processed news of a potential historic breakup of Alphabet Inc.'s $Alphabet(GOOG)$ Google. Alphabet's premarket dip of 1% reflects immediate concerns over regulatory intervention. The tech sector led declines in U.S. futures, while bond prices edged higher on expectations of regulatory headwinds for big tech. Broader markets remained mixed as investors weighed the ripple effects on the online search and AI industries. Tech Stocks Face Antitrust Headwinds The Justice Department's move to recommend the divestiture of Google's Chrome browser and enforce data licensing rules rattled Alphabet shares. This raises broader concerns about the regulatory s
US Justice Department asks Google to sell Chrome browser
The U.S. Department of Justice plans to ask Google to sell its popular Chrome browser to break Google's monopoly in the search market. This move is seen as an important step for the Biden administration to curb the monopolistic behavior of tech giants. The Ministry of Justice believes that Google has formed an unfair advantage over competitors in the market through Chrome browser and search engine. Regulatory pressure on Google is heating up, which could have profound implications for the entire tech industry.