Apple dodged a catastrophic blow in the remedies phase of an antitrust lawsuit involving Google-parent Alphabet.
Shares of Apple (AAPL -0.16%) have declined 4% this year, making it the second-worst performing member of the “Magnificent Seven.” Only Tesla has declined more sharply. But Apple recently caught a big break when a federal judge ruled on remedies in an antitrust lawsuit involving Google-parent Alphabet (GOOGL 1.13%) (GOOG 1.04%).
Here’s what investors should know.
Image source: Getty Images.
A federal judge rejected the most severe remedies proposed by the Justice Department
In recent years, the U.S. Department of Justice (DOJ) has filed and won two antitrust suits against Alphabet. The first dealt with its monopoly in internet search, and the second dealt with its monopoly in adtech software. The key events in the first lawsuit are listed…
