FINWIRES · TerminalLIVE
FINWIRES

Update: EU Proposes Measures to Open Google's Android to Rival AI Services

By

-- (Updates with Google's comment in 5th, 6th and 7th paragraph.)

The European Commission on Monday proposed measures that would require Alphabet's (GOOG, GOOGL) Google to open its Android ecosystem to rival AI services and launched a public consultation under the Digital Markets Act.

The commission said its preliminary findings outline steps Google should take to ensure third-party AI services can access key Android capabilities and interact with applications on users' devices.

The measures would allow competing AI tools to perform tasks such as sending emails, ordering services or sharing photos, which are functions currently largely reserved for Google's own AI offerings, the commission said in a statement.

"Today's proposed measures will give more choice to Android users about the AI services they use and integrate in their phone," Teresa Ribera, an EU executive vice president, said in the statement.

Clare Kelly, Senior Competition Counsel at Google, said Android's ecosystem allows AI assistants to grow, as device makers can freely integrate and tailor AI experiences for their users.

"This unwarranted intervention would strip away that autonomy, mandate access to sensitive hardware and device permissions; unnecessarily driving up costs while undermining critical privacy and security protections for European users." Kelly added in an emailed statement to.

Kelly also said the EC's proposals and the current memory crisis will drive up device prices by 50 euros to 100 euros this year.

The commission invited interested parties to submit feedback by May 13.

Price: $349.84, Change: $+7.52, Percent Change: +2.20%

Related Articles

Australia

Nucor Q1 Earnings, Revenue Rise

Nucor (NUE) reported fiscal Q1 earnings late Monday of $3.23 per diluted share, up from $0.67 a year earlier.Analysts polled by FactSet expected $2.82.Revenue for the 13 weeks ended April 4 was $9.5 billion, up from $7.83 billion a year earlier.Analyst surveyed by FactSet expected $8.88 billion.For Q2, the company said it expects higher consolidated earnings compared with its Q1.

$NUE
Research

Research Alert: CFRA Keeps A Hold View On Shares Of Meritage Homes Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain our 12-month target price of $73, calculated using a 11.5x multiple against our 2027 EPS view of $6.37. Our multiple is a premium to the 10-year forward P/E mean of 7.9x, reflecting MTH's 60-day closing strategy that has the potential to move volumes in a normalized environment. We revise our 2026 EPS view to $4.96, down from $6.61 and 2027 revised to $6.37 from $8.08. We expect elevated incentives will keep a lid on MTH's margins, while a competitive landscape limits significant market share gains. MTH's primary growth driver, an aggressive expansion in community count, helps offset slower per-store sales but adds its own pressures in a limited demand environment. However, MTH trades at a 20% discount to book value, reinforced by MTH's share repurchase program, providing downside support for shares. While we expect Q2 to benefit from favorable comps, we would like to see tangible improvement in housing demand in 2H 2026 before becoming more bullish on shares.

$MTH
Mining & Metals

Market Chatter: Rogers Communications Offering Buyouts to Half Its 25k Workforce, Globe and Mail reports

Canadian telecom operator Rogers Communications (RCI-B.TO) is offering voluntary departure packages to half of its 25,000 employees, the Globe and Mail is reporting on Monday.It's the telecom sector's largest round of buyouts in recent years amid slowing growth, the paper says.(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$RCI$RCI-A.TO$RCI-B.TO