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European officials hit the internet giant with the record penalty for abusing its power in the smartphone market, the region’s latest move to rein in the clout of tech companies.

European officials hit the internet giant with the record penalty for abusing its power in the smartphone market, the region’s latest move to rein in the clout of tech companies.

The Fed chairman will testify before panels in the House and Senate, and the Commerce Department will holding hearings on auto tariffs.

The United States needs an approach to merger regulation that supports transactions that create enterprises capable of standing head-to-head with the tech giants.

Antitrust experts say the enforcement of laws governing mergers should be updated to reflect major changes to the economy over the past 40 years.

The settlement could mark the end of a long legal tangle. But countries that have long been squeezed by the energy company complained that it should have been fined.