Stay informed with free updates by signing up for the Big Tech myFT Digest, delivered directly to your inbox. Recent events have marked a turning point in global efforts to regulate the digital economy, including US vs Google antitrust cases, EU rulings against Google and Apple, and the FTC’s investigation into digital price discrimination. The shift towards regulating digital platforms like traditional industries is evident in federal rulings finding Google an illegal monopoly and ongoing investigations into algorithmic price discrimination.
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Why Mobileye Stock Skyrocketed Today
Mobileye (NASDAQ: MBLY) saw its stock rise 11.6% on Monday due to geopolitical tensions easing after Iran's missile strikes suggested military de-escalation, coupled with Federal Reserve comments hinting at possible interest rate cuts next month. This surge occurred alongside a 0.9% gain in both the S&P 500 and Nasdaq Composite indices. Explain It To Me Like I'm 5: Mobileye's stock went up a lot because some scary things in the world seemed less scary, and...
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