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Merrill (0:01)
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Luke Vargas (0:33)
The DOJ says that Google should be forced to sell its Chrome web browser plus Nvidia's sales soar. But topping investor expectations for the company is becoming increasingly difficult and will go inside Donald Trump's push to eliminate the Education Department.
Sarah Randazzo (0:51)
The question is, is he just going to eliminate a bureaucracy and send these functions to other agencies, or is he actually going to reduce federal support in a substantial way to schools?
Luke Vargas (0:59)
It's Thursday, November 21st. I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of what's the top headlines and business stories moving your world today. We begin with an update on the US Government's successful antitrust case against Google. The Department of Justice says Google should be forced to sell off its popular Chrome web browser as part of a suite of requested remedies that a told a judge are needed to fix the monopolization of the online search market. The DOJ also requested Google be prevented from giving preferential access to its search engine on the billions of devices that use its Android mobile operating system, and that if it was found to violate that rule, it should also be forced to sell Android. Journal reporter Miles Krupa in San Francisco reacted to the DOJ's requested remedies.
Miles Krupa (1:56)
The Department of Justice has been clear that it's seeking all possibilities here, structural remedies such as divestitures and more behavioral remedies. And so in some ways it's not totally unexpected that they would ask for a divestiture of Chrome. But it's somewhat surprising in that the case really centered on Google's contracts with third parties, not its own self preferencing on the Chrome browser. So this is going to be a real test of how far antitrust laws can go in limiting the conduct of a large company like Google in the year 2024, or as it may be, 2025.
Luke Vargas (2:37)
A Google executive described the DOJ's suggested remedy as wildly overbroad and said the company would file its own proposed remedy next month. A trial to decide how to address Google's antitrust violations is scheduled to begin in April, with the judge in the case saying he plans to finalize his decision by well Also in the DOJ's crosshairs is Gautam Adani, the billionaire founder of one of India's biggest conglomerates who was charged yesterday with orchestrating a $250 million bribery scheme to secure lucrative solar energy supply contracts. Prosecutors allege the executive personally met with Indian officials to advance the illicit deal and secure contracts worth billions of dollars for one of his companies, and that he and others misrepresented the company's anti bribery and corruption pract US Investors and financial institutions. Eight executives have been charged in total. In a statement, the Adani Group denied the allegations, calling them baseless. Shares in Adani Group companies fell sharply on the news today. Ukraine says Russia has fired an intercontinental ballistic missile targeting the city of Dnipro, which if confirmed, would be the first time Moscow has used an ICBM in the war. According to Ukraine's air force, the ICBM was fired along with eight other missiles in an attack that local authorities say wounded two people. ICBMs are designed to carry nuclear warheads and their use would mark a sharp escalation in the war as well as a reminder of Russia's nuclear capability just days after Ukrainian forces began using newly authorized Western missiles to hit targets inside Russia. On Capitol Hill, the Senate has rejected multiple efforts by Vermont's Bernie Sanders to stop the sale of offensive weapons to Israel, with only 17 to 19 senators backing measures that would have prevented the transfer of certain tank and mortar rounds and guidance kits attached to bombs. Speaking before the votes, Sanders described them as a test of America's credibility on the world stage.