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Good morning. Today is Tuesday, December 12th. I'm Julie Morgan.

Google loses an epic legal case.

Hasbro announces more layoffs and Nokia updates its guidance

after losing a major contract.

The trial lasted four weeks, but the verdict only took three hours. Epic Games, which makes the popular video game Fort Knight has won its high-profile antitrust case against Alphabet's Google.

The jury found that Google's App Store is operating as an illegal monopoly.

The jury on Monday found that Google had monopolized the Android app distribution and payments

market by charging app developers high fees of up to 30 percent and striking side deals with rivals to fend off competition.

The court will now decide if Google should allow payment and app distribution outside the

play store.

Epic Games said on its website that the verdict is a win for all app developers and consumers.

The statement went on to say that the evidence presented in this case demonstrates the urgent need for regulations

that address Apple and Google Strangle holds over smartphones.

Google intends to appeal the verdict.

EPIC's legal victory threatens the billions of dollars of revenue that Google earns through its

app store. If the jury's verdict is upheld, developers could have more power over the distribution of and profits from their apps.

The win is also important in light of Epic's loss last year against Apple in a similar antitrust case after a judge ruled that there was not enough

evidence of the iPhone maker having unlawful monopoly power.

Hasbro has announced plans to eliminate 900 incremental positions as part of a

cost cutting plan. The toy maker disclosed in an 8K filing on Monday that the

900 positions will be eliminated over the next year and a half to two years.

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