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From the heart of where innovation, money and power collide in Silicon Valley and beyond,

this is Bloomberg Technology with Caroline Hyde and Ed Ludlow in San Francisco.

Caroline Hyde is off.

This is Bloomberg Technology coming up on the program facing mega fines.

The European Union opens investigations into Apple, Google and Meta in the first probes under

the Block's Digital Markets Act, we go live to Brussels.

Plus we'll take a deep dive into the Justice Department's lawsuit

against Apple, as her own Mark Germin

argues the case is missing an opportunity to address more pressing concerns and

Lucid getting a one billion dollar cash injection from its biggest investor

providing the troubled electric car maker with a needed lifeline.

We'll discuss that and so much more through the hour.

Let's get right to Lucid, look at Lucid shares in the US session.

Now up 8% but had been as high as around 20% following the market open.

This is a private placement of convertible stock.

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