NPR. This is the indicator from planet Money, I'm Darren Woods.

And I'm Patty Hirsch. Meta and Apple, two of the biggest companies in the world, are breaking the law.

What?

At least, according to European regulators.

And Apple being hit with the first charge under the EU's new Digital Markets Act.

Corporate criminals run am buck.

Skoph laws. Digital Skof Laws. The Digital Markets Act is a new piece of

European legislation aimed at making markets in the digital sector quote

fairer and more contestable. It's essentially a piece of what people in the business world call antitrust regulation,

that is, rules to make sure that no one company or group of companies make an area of business uncompetitive.

And this applies to seven big companies, Apple, Amazon, Alphabet, Booking, Bight Dance, Meta, and

Microsoft.

Yeah for those are counting, that's six American companies and one Chinese company.

And the compliance is costing them hundreds of millions of dollars, if not billions.

But it's not the money that's freaking these companies out. It's the fact that where Europe goes with these anti-just laws

The rest of the world could follow

But not America. Nope over here. We have our own ways of doing things. Today we're going to find out what

those ways are and how the US handles antitrust differently to the European Union now

that the DMA is in force. That's all coming up after the break.

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