Meta and Apple are close to finalizing settlements with the European Commission to resolve two antitrust cases under the EU’s Digital Markets Act. The companies are negotiating to modify key business practices to prevent further penalties. Meta is looking to revise its “pay or consent” model, while Apple is discussing changes to App Store rules. The Commission is optimistic that both cases will be settled soon, potentially avoiding financial penalties that could reach up to 5% of daily global revenue. If obligations are not met, recurring penalty payments are on the table. On Wednesday, META closed at $717.84 on the NasdaqGS.

Read more at Nasdaq: Meta And Apple Near EU Antitrust Settlement To Avoid Escalating Fines