News Summary

• The U.K. Competition and Markets Authority said on Wednesday that it’s designating Apple and Google with strategic market status in their respective mobile platforms.
• The decision will enable the regulator to take targeted actions to enhance competition in the space.Apple and Google have pushed back against the decision, with Apple warning that the decision could mean that users in the U.S. would lose access to new features in a timely fashion.
• Google also said it didn’t see the rationale for the decision.