JPMorgan notes that Alphabet’s (GOOG) (GOOGL) Google submitted its remedies proposal in the search distribution case on Friday, calling the company’s remedies proposal “more modest than the DOJ’s proposal, as expected.” While the firm continues to expect a negative impact on Google’s financials on enforcement of any remedy, it says determining the financial implications remains challenging due to uncertainties around the actual remedy and adds that it continues to ultimately believe the judge’s final decision next summer will be “more balanced” between the DOJ and Google’s remedies, with greater consideration around the potential impact to users. JPMorgan maintains an Overweight rating on Alphabet shares.
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