The U.K. plans to designate Apple (AAPL) and Google (GOOGL) as holding a “strategic market advantage” over rivals, subjecting them to new regulations and potential fines, The Washington Examiner’s Christian Datoc and Naomi Lin report. The U.K. government’s Competition and Markets Authority opened investigations into Apple and Google in January of this year, marking them as the first American firms to be labeled as holding “strategic market status” under the new Digital Markets, Competition, and Consumers Act.
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