The news: The European Court of Justice (ECJ) ruled that Google must pay a €2.4 billion ($2.6 billion) fine for abusing its market dominance in the shopping comparison space by making its own shopping recommendation more prominent than rivals’ in search results. 

• The ruling pertains to a 2017 European Commission (EC) decision that Google later appealed and now lost.
• The EC’s decision reinforces mounting regulation over tech giants and could influence how they operate in European markets and alter business strategies on a global scale.