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Photo: Michele Tantussi/Getty Images

Another EU antitrust fine for Google is coming down the pipeline in mid-July over allegations Google has used its Android mobile operating system to beat out rivals, Reuters reports. The European Commission has been investigating the case since 2015.

Why it matters: It's another example of how the EU takes anti-competition violations far more seriously than the U.S. In June of last year, the EU slapped Google with a record $2.8 billion fine for anti-trust practices around its search product, which they said unfairly pushed consumers to use Google's Shopping platform. Sources told Reuters they expect this new fine to top that record.

The big picture: Prior to last year's whopping fine, the last time antitrust regulators financially penalized Google in a meaningful way was in 2011 for $500 million over an advertising disclosure consumer deception violation, which Google settled. That's 10 times less than what these two fines would collectively add up to.

The details: The EU competition enforcer will also reportedly tell Google to stop licensing deals that prevent smartphone makers from promoting apps run by outside companies. Note: Google allegedly provided financial incentives for manufacturers to pre-install Google search.

Be smart: To some extent, this fine may be just a drop in the bucket for Google, but it will likely serve as a deterrent to others. Plus, Android powers three-quarters of cell phones in the EU, per Politico.

What they're not saying: Google provided no comment beyond pointing to a blog post from 2016 rejecting the charges.

Go deeper: Policing the power of tech giants

Go deeper

Biden's reengineer-America moment

Illustration: Sarah Grillo/Axios

The Senate's bipartisan $1.2 trillion infrastructure bill and President Biden's $3.5 trillion spending package could live or die this week — and take Democrats' fortunes with them. But all the minute-by-minute political drama obscures how much America could change if even a fraction of it passes.

The big picture: Anything short of total failure could have a transformative impact on day-to-day life — from how we move around to our access to the internet, paid family leave and child care, health care and college.

Dan Primack, author of Pro Rata
53 mins ago - Economy & Business

Pandemic concerns change economic growth forecast

Illustration: Sarah Grillo/Axios

Business economists have tempered their 2021 growth expectations, cutting nearly a point off their annual GDP forecast since earlier this year, according to the NABE outlook survey released today.

Why it matters: This reflects increased concerns over the pandemic's impact on the economy, particularly due to the spread of Delta and other variants. Panelists said that a faster vaccine rollout could improve their outlooks.

Updated 2 hours ago - World

German election: Social Democrats narrowly beat Angela Merkel's bloc

SPD leader Olaf Scholz. Photo: Sean Gallup/Getty Images

BERLIN — The center-left Social Democratic Party (SDP) clinched a narrow victory in Germany's historic federal elections on Sunday, just four years after suffering its worst loss since World War II.

Why it matters: It's a stunning political comeback for the SPD, paving the way for its chancellor candidate Olaf Scholz to form a new governing coalition and lead Europe's largest economy into the post-Merkel era.