Update: Market Chatter: EU to Reportedly Fine Google in 2026 Over Digital Markets Act Violation

04:52 AM EST, 12/12/2025 (MT Newswires) -- (Updates to add the European Commission's statement) European Union's antitrust regulators will reportedly fine Alphabet's (ABEA.F) Google in 2026 over its non-compliance with the Digital Markets Act, Reuters reported Thursday, citing people familiar with the matter. The technology giant will face a penalty for favouring its own services, such as Google Shopping, Google Hotels, and Google Flights, in search results. However, it can still make changes and avoid the fine, which can be as much as 10% of its global annual turnover, according to the report. A European Commission spokesperson declined to comment, while Google did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)