European Commission

Microsoft Corp‘s (NYSE:MSFT) multi-billion dollar investment in artificial intelligence (AI) developer OpenAI is coming under further scrutiny after the European Commission (EC), the EU’s competition authority, said it was “checking” the relationship between the two...

Apple Inc (NASDAQ: AAPL) could soon become the next major tech company to face a federal antitrust lawsuit.  According to a report from the New York Times, the U.S. Department of Justice (DOJ) is in the late stages of an investigation into Apple’s business practices and could...

The European Commission has unveiled an ambitious vision that aims to lay the groundwork for the creation of a digital form of the euro. Goal Of Modernizing Euro Currency The initiative seeks to modernize the currency, ensuring that citizens and businesses throughout the eurozone can continue to...

A report funded by the European Commission has urged stricter identity verification for users of cryptocurrency exchanges in an effort to combat the increasing use of darknet marketplaces for purchasing illegal substances. The study, commissioned by the European Union's European Monitoring...

European Parliament officials will meet on March 28 to vote on the wording of an anti-money laundering bill. The digital assets industry had expressed concerns about the bill, prompting policymakers to return to the original phrasing regarding commercial payments, The Block reported. One provision...

Mining cryptocurrencies consumes a great amount of energy. In an effort to make the adoption of cryptos more sustainable, the European Commission (EC) is developing the a framework to encourage "the most energy-efficient versions of the technology." What Happened: By developing a standard...

The European Union is increasingly cracking down on cryptocurrency and relevant services as part of its efforts to ensure that sanctions imposed on Russia are not evaded by using assets such as Bitcoin (CRYPTO: BTC) and stablecoins. What Happened: While the sanctions imposed on...

The European Union is considering a heavy-handed approach that could change how cryptocurrencies work and greatly limit the freedom and privacy of those who use digital assets, including Bitcoin (CRYPTO: BTC). What Happened: The European Commission has drafted a proposal that would...

The European Commission (EC) has approved BioMarin Pharmaceutical Inc's (NASDAQ: BMRN) Voxzogo (vosoritide) once-daily injection to treat achondroplasia. The approval covers children from 2 years until growth plates are closed, which occurs after puberty when children reach...

The European Commission has temporarily suspended the provisional deadline for its investigation into Illumina Inc's (NASDAQ: ILMN) plans to buy Grail Inc, adding uncertainty to whether regulators will wrap up before the deal expires. As first reported by Reuters, the...

On July 16, the Luxembourg National Commission for Data Protection (the CNPD) held Amazon.com Inc's (NASDAQ: AMZN) Amazon Europe Core S.à r.l. for not complying with the personal data processing under the EU General Data Protection Regulation.  It levied a...

The European Commission (EC) has approved Bristol Myers Squibb & Co's (NYSE: BMY) Opdivo (nivolumab) as adjuvant treatment of adult patients with esophageal or gastroesophageal junction (GEJ) cancer. The approval covers patients who have residual pathologic disease...

The European Commission has approved Merck & Co Inc's (NYSE: MRK) Keytruda in combination with platinum- and fluoropyrimidine-based chemotherapy as first-line treatment of Esophageal Carcinoma or Gastroesophageal Junction (GEJ) Adenocarcinoma. The approval covers patients...

Alphabet Inc's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google will permit free competition for default search engines on the European Android devices effective September, succumbing to an EU antitrust commitment made two years ago, the company said in a blog. Google incorporated some final...

The European Commission sought to clarify the scope and liability of 2020 revised copyright rules to resolve criticism from France, Poland, E.U. broadcasters, and internet activists, Reuters reports. The revised rules aimed to fairly compensate the bloc's $1 trillion creative industry and...