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European Equities Close Mixed Tuesday; Google Probed by UK Competition Watchdog
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European Equities Close Mixed Tuesday; Google Probed by UK Competition Watchdog
Jan 14, 2025 9:49 AM

12:31 PM EST, 01/14/2025 (MT Newswires) -- European stock markets closed mixed Tuesday as the Stoxx Europe 600 eased 0.08%, Germany's DAX 40 rose 0.64%, the FTSE 100 in London fell 0.28%, France's CAC 40 gained 0.2%, and the Swiss Market Index edged up 0.01%.

The European Commission released a report accusing China of discriminating against EU medical devices in China's public procurement market. The report "presents clear evidence of China limiting the access of EU medical devices producers to its government contracts in an unfair and discriminatory way," the commission said.

Spanish Prime Minister Pedro Sanchez announced a proposed tax of 100% on properties acquired by buyers from outside the EU. "The West faces a decisive challenge if it wants to avoid becoming a society divided into two classes: rich landlords and poor tenants," Sanchez said in a statement.

In corporate news, EC investigations into Apple, Meta and Alphabet are being reevaluated under the Digital Markets Act for potential scaling back or a change in scope, the Financial Times reported, citing EU officials.

Alphabet's Google is being investigated by the UK's Competition and Markets Authority to determine if the tech giant has strategic market status related to search and search advertising activities.

Spanish biopharmaceutical company Grifols got a $21 million grant from the Michael J. Fox Foundation for Parkinson's Research to identify biomarkers that may indicate the likelihood of Parkinson's disease before clinical diagnosis.

French online advertising firm Criteo named Michael Komasinski as chief executive officer and a member of the board, effective Feb. 15. He succeeds Megan Clarken, who is retiring.

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