Google Antitrust & Trump Testimony

📊 Market Snapshot

• DOW: 🔼 1.16% (38,668.09)

• S&P 500: 🔼 1.30% (5,129.86)

• NASDAQ: 🔼 2.07% (16,169.38)

• BTC: 🔼 4.37% (61,649.50)

• ETH: 🔼 2.64% (3,065.10)

📎 Market Clips

• 10-year Treasury yield dips under 4.5% momentarily as unemployment climbs to 3.9%

• Oil prices decline, on track for biggest weekly fall in three months

_{*Stock numbers as of market close, cryptocurrency as of 3:25pm EST yesterday. Source for Market Clips.}

First Report

🌐 Google Faces Antitrust Showdown

As the Google Search antitrust trial nears its conclusion, legal experts and tech industry stakeholders converge in Washington, DC for the closing arguments. This landmark case, spearheaded by the Department of Justice, scrutinizes Google’s dominance in the general search market and its alleged anticompetitive practices. The bench trial, presided over by Judge Amit Mehta, marks the most significant anti-monopoly litigation since the U.S. v. Microsoft case two decades ago. At stake are potential court-ordered constraints on Google's operations or even a possible breakup of its search business. 👩‍⚖️🔎

TL;DR ⏳: Today's hearing delves into whether Google unlawfully maintained its search monopoly, influencing market dynamics and rival opportunities.

Second Report

🚨 Judge Clarifies Trump's Testimony Rights

In a recent development in former President Donald Trump's hush money trial, Judge Juan Merchan addressed misconceptions about Trump's ability to testify. Contrary to Trump's claims that a gag order restricts his courtroom testimony, Judge Merchan emphasized that the order only limits public statements outside the courtroom. This clarification came after Trump suggested that the gag order barred him from testifying, a statement corrected in front of the jury on Friday. 💵🗣️

TL;DR ⏳: Judge Merchan confirms Trump can testify in his trial, correcting the former president's misunderstanding about the gag order's scope.

⚡ Quick Hits

1. 🇮🇱 Israel-Hamas war protests end on some US campuses, arrests top 2,300

2. 🌟 Texas Democrat Cuellar faces indictment on corruption charges

3. 🌍 US and Russian forces stationed at the same airbase in Niger

4. 🏅 Biden to award Presidential Medal of Freedom to Ledecky, Thorpe

5. 🚨 Former Pennsylvania nurse receives life sentence for killing three patients

6. 🌉 Genoa bridge rebuilders offer services for Baltimore bridge

7. 🐒 Wild orangutan uses medicinal plant for self-healing, researchers report

8. 🇬🇧 UK Conservatives face major losses in local elections, Labour gains ground

9. 🇹🇷 Turkey suspends all trade with Israel, demands Gaza cease-fire

10. 🚗 US revises EV tax credit rules, expands eligibility for electric cars

Games

Fun Fact: Did you know? The Moon has a few exclusive golf balls? During the Apollo 14 mission, astronaut Alan Shepard took a small detour from moonwalking to moon-golfing. He swung at two golf balls, making the Moon's low gravity his best caddy. Now, that's what you call a long drive! 🏌️‍♂️🌕