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Google Challenges DOJ Breakup Lawsuit, Argues That it Would Harm America’s Economy And Technological Leadership

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Tech giant Google is challenging the U.S. Department of Justice’s (DOJ) lawsuit, arguing that its remedies are outdated and harmful, amid fierce competition and innovation from services like China’s DeepSeek.

This comes after an August ruling against the tech giant, that it holds a monopoly in internet search. The DOJ is pushing for Google to divest its Chrome browser and share search data with competitors. Google argues that such a move would undermine U.S. innovation and national security in the escalating global AI race, particularly against China’s DeepSeek.

In a blogpost titled, “DOJ’s sweeping remedies would harm America’s economy and technological leadership,” Google warned that the DOJ’s proposals would hamstring AI development and subject Google’s products to government oversight, stifling America’s tech leadership. “We are in a fiercely competitive global race with China”, Google’s Vice President of regulatory affairs, Lee Anne Mulholland wrote, emphasizing Google’s role in advancing AI breakthroughs like the Transformers architecture, foundational chatbots like ChatGPT, Perplexitu, and Anthropic.

Part of the blog post reads,

“We have long said that we disagree with the Court’s decision in the case and will appeal. But first, the Court must decide what remedies best address its liability decision. At trial, we will show how DOJ’s unprecédented proposals go miles beyond the Court’s decision and would hurt America’s consumers, economy, and technological leadership:

  • DOJ’s proposal would make it harder for you to get to services you prefer. People use Google because they want to, not because they have to. DOJ’s proposal would force browsers and phones to default to search services like Microsoft’s Bing, making it harder for you to access Google.
  • DOJ’s proposal to prevent us from competing for the right to distribute Search would raise prices and slow innovation. Device makers and web browsers (like Mozilla’s Firefox) rely on the revenue they receive from search distribution. Removing that revenue would raise the cost of mobile phones and handicap the web browsers that you use every day.
  • DOJ’s proposal would force Google to share your most sensitive and private search queries with companies you may never have heard of, jeopardizing your privacy and security. Your private information would be exposed, without your permission, to companies that lack Google’s world-class security protections, where it could be exploited by bad actors.
  • DOJ’s proposal would also hamstring how we develop Al, and have a government-appointed committee regulate the design and development of our products. That would hold back American innovation at a critical juncture. We’re in a fiercely competitive global race with China for the next generation of technology leadership, and Google is at the forefront of American companies making scientific and technological breakthroughs.
  • DOJ’s proposal to split off Chrome and Android – which we built at great cost over many years and make available for free — would break those platforms, Kurt businesses built on them, and undermine security. Google keeps more people safe online than any other company in the world Breaking off Chrome and Android from our technical, security, and operational infrastructure would not just introduce cybersecurity and even national security risks, but also increase the cost of your devices.”

The DOJ’s demands come as Google faces multiple antitrust challenges, including a recent loss in a case over illegal monopolies in online advertising. The current three-week trial, ending May 9, will determine the consequences of the August search monopoly verdict, with Judge Amit Mehta’s ruling expected in August.

Google plans to appeal, arguing that the DOJ’s measures exceed the court’s decision and threaten consumers, the economy, and U.S. tech dominance. Google defends Chrome as a critical tool for web access, noting its open-source code benefits competitors. Sharing search data, it claims, poses cybersecurity and national security risks while raising device costs.

The DOJ, backed by state attorneys general, insists that Google’s practices continue to shield its monopoly, even as search intersects with Al technologies like ChatGPT. Notably, witnesses from ChatGPT and Perplexity will testify, underscoring the overlap between search and Al.

As the trial unfolds, Google must balance portraying itself as vital to U.S. innovation without appearing so dominant that it stifles competition. The outcome could reshape the internet, potentially dethroning Google as the default gateway to online information, in a case, the DOJ likens to the historic breakups of AT&T and Microsoft.

The SOL/ETH Pair Hits ATH on Its Weekly Close

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The SOL/ETH trading pair has hit a new all-time high on its weekly close, as reported recently. According to available data, the ratio reached a peak of around 0.081, driven by Solana’s price increasing by approximately 10% while Ethereum’s price dropped by a similar margin over the past week. This marks a significant milestone, with the ratio rising from 0.058 at the start of the year, reflecting a nearly 40% increase.

The SOL/ETH pair hitting a new weekly all-time high carries several implications for the crypto market, particularly for Solana and Ethereum ecosystems. The surge in SOL/ETH reflects stronger bullish sentiment for Solana relative to Ethereum. Investors may perceive Solana as outperforming Ethereum in the short term, potentially driven by its faster transaction speeds, lower costs, or growing DeFi and NFT ecosystems. This could attract more capital to Solana-based projects.

A rising SOL/ETH ratio suggests capital may be rotating from Ethereum to Solana. Traders and investors might be reallocating funds, betting on Solana’s scalability and ecosystem growth over Ethereum’s established but more expensive network. This could pressure Ethereum’s price or market share in DeFi and dApps. Solana’s outperformance highlights intensifying competition among Layer 1 blockchains. If Solana continues to gain ground, it could challenge Ethereum’s dominance in smart contracts and DeFi, pushing Ethereum to accelerate upgrades like Pectra to maintain its edge.

Solana’s network reliability remains a concern due to past outages. A high SOL/ETH ratio might overheat speculative interest, increasing volatility if network issues resurface. Conversely, Ethereum’s slower price action could signal caution among investors awaiting clarity on upgrades or macroeconomic factors. For traders, the SOL/ETH ATH could signal opportunities in pair trading or longing Solana against Ethereum. However, a potential mean reversion might occur if Ethereum regains momentum post-upgrade or if Solana faces technical setbacks.

A strong SOL/ETH ratio could boost altcoin confidence, signaling a potential “altseason” where other Layer 1s or Ethereum competitors also rally. This might dilute Ethereum’s market cap share but lift overall crypto market activity. Monitor on-chain data (e.g., TVL, transaction volume), network stability, and Ethereum’s upgrade progress for clues on whether this trend persists. Sentiment suggests Solana’s momentum is strong, but Ethereum’s fundamentals and institutional backing remain robust, so the ratio’s trajectory isn’t guaranteed.

The SOL/ETH pair hitting a new weekly ATH, L2 solutions are particularly relevant for Ethereum, as they address its high gas fees and slower transaction speeds—factors that may contribute to Solana’s relative outperformance. Below are the implications and dynamics of L2 solutions in this scenario. Ethereum relies heavily on L2s to scale its network while preserving decentralization and security. Key L2 solutions include:

Optimistic Rollups (e.g., Arbitrum, Optimism): Assume transactions are valid unless challenged, offering lower costs and high throughput. Arbitrum leads with over $30 billion in TVL, processing thousands of TPS compared to Ethereum’s ~15 TPS. ZK-Rollups (e.g., zkSync, Starknet): Use zero-knowledge proofs for instant validation, prioritizing security and efficiency. These are gaining traction for DeFi and payments.

Solana’s native high throughput (65,000 TPS) and low fees ($0.00025 per transaction) give it an edge over Ethereum’s base layer (~$1–$10 gas fees). However, Ethereum L2s like Arbitrum or Optimism can match or beat Solana’s costs (e.g., ~$0.01–$0.10 per transaction) and achieve comparable speeds, potentially narrowing Solana’s advantage. L2s keep users and developers within Ethereum’s ecosystem by offering cheaper alternatives to the mainnet. This could slow capital flight to Solana, as dApps and users migrate to L2s instead of competing L1s.

Rising L2 adoption (e.g., Arbitrum’s TVL surpassing many L1s) strengthens Ethereum’s overall network effect. If L2s capture more DeFi, NFT, and gaming activity, Ethereum’s fundamental value could stabilize, potentially capping SOL/ETH’s upward momentum. Ethereum’s upcoming Pectra upgrade (expected 2025) will enhance L2 interoperability and reduce costs further (e.g., via EIP-4844 proto-danksharding). This could make Ethereum + L2s more competitive against Solana, impacting the SOL/ETH ratio.

Solana’s architecture prioritizes high throughput on its base layer, reducing the immediate need for L2s. However, Solana has explored L2-like solutions to address congestion and enhance scalability. Projects like Eclipse are exploring rollups on Solana to handle specific use cases like gaming or DeFi.

Solana’s lack of reliance on L2s simplifies its user experience, appealing to developers and users frustrated by Ethereum’s multi-layer complexity. This supports SOL/ETH’s upward trend. If Solana’s network faces congestion or outages (as seen in 2022–2023), L2-like solutions may become critical. Failure to scale effectively could weaken Solana’s position, allowing Ethereum’s L2 ecosystem to regain ground.

Solutions like Neon EVM blur the lines between Solana and Ethereum, potentially reducing tribalism and stabilizing the SOL/ETH ratio as interoperability grows. If Ethereum’s L2s successfully scale DeFi, gaming, and NFTs, they could counter Solana’s narrative as the “faster, cheaper” chain, potentially reversing SOL/ETH gains. Ethereum’s L2s attract developers with robust tooling and EVM compatibility, while Solana’s single-layer approach appeals for simplicity. The SOL/ETH ratio may reflect which ecosystem captures more dApp innovation.

L2 success could bolster Ethereum’s long-term value proposition, tempering Solana’s short-term outperformance. Conversely, if Solana integrates L2-like solutions without compromising its UX, it could sustain its edge. Ethereum’s L2 solutions are critical to closing the scalability gap with Solana, potentially stabilizing or reversing the SOL/ETH ratio if adoption accelerates. Solana’s native performance gives it a current advantage, but its long-term position depends on network reliability and potential L2-like innovations. Watch L2 TVL, transaction volumes, and Ethereum’s Pectra upgrade progress for shifts in this dynamic.

Amid Soaring Inflation, Nigeria’s Nominal Manufacturing Output Recorded 34.9% Spike in H2 2024 – MAN

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The Manufacturers Association of Nigeria (MAN) has disclosed that Nigeria’s nominal manufacturing output surged by 34.9 percent to N33.43 trillion in the second half of 2024, attributing the growth largely to rising inflation and domestic prices.

The development was announced by MAN’s Director-General, Segun Ajayi-Kadir, during the presentation of the “MAN Economic Review – Second Half 2024” released on Monday in Lagos, according to the News Agency of Nigeria (NAN).

Ajayi-Kadir stated that the sharp rise in nominal output was largely due to the prevailing inflationary pressures and escalating local prices. The report, according to him, detailed performance indicators such as capacity utilization, production levels, inventory build-up, raw material sourcing, capital investment, energy consumption, and employment figures within the sector.

He noted that capacity utilization within the sector improved slightly, rising to 57.0 percent in 2024 from 55.1 percent in 2023. On a half-year basis, there was a 1.2 percentage point increase in the second half of 2024 compared to the first.

While nominal figures soared, real manufacturing output posted a more modest gain, growing by 1.7 percent year-on-year to N7.78 trillion. This real growth, though limited, was driven by increased production activity in segments such as motor vehicles and miscellaneous assembly, non-metallic mineral products, and electrical and electronics.

However, a half-year comparison revealed that real output declined by 3.1 percent between H2 and H1 2024, exposing the continued struggles manufacturers face, including high production costs, weak consumer purchasing power, and unstable pricing conditions.

On the issue of local raw material sourcing, the report observed a notable improvement. The use of local inputs rose from 52.0 percent in 2023 to 57.1 percent in 2024. This shift was spurred by the enduring scarcity of foreign exchange, high prices of imported inputs, and government initiatives encouraging the adoption of local resources.

Sectors such as wood and wood products, textiles and apparel, footwear, and pharmaceuticals made significant progress in this area, while the electrical and electronics sector lagged due to its heavy dependency on imported components.

Investment trends, however, painted a more concerning picture. Real manufacturing investment dropped sharply by 35.3 percent year-on-year to N658.81 billion, reflecting persistent macroeconomic uncertainties and diminished investor confidence. Yet, on a positive note, there was a 19.4 percent increase in investment in H2 compared to H1 2024, suggesting a cautious resumption of capital expenditure by some firms responding to early signs of macroeconomic stability.

One of the more alarming revelations in the report was the significant build-up of unsold inventory. The total value of unsold finished goods rose by 87.5 percent to N2.14 trillion in 2024, a result of sluggish consumer demand, elevated inflation, and rising production costs. However, compared to the first half of the year, there was a 27.9 percent reduction in inventory volumes in H2, indicating a partial recovery in sales and possible pricing adjustments that helped clear some stock.

On the employment front, the manufacturing sector added 34,769 new jobs in 2024, a modest increase from the 34,163 jobs recorded in 2023. Nonetheless, labor exits also rose to 17,949, up from 17,364 in the previous year. This simultaneous rise in hiring and exits points to increased labor mobility, internal restructuring, and possibly economic migration as firms adjust to a volatile economic landscape.

Electricity supply to manufacturers showed significant gains during the year. Average daily power supply rose to 13.3 hours in 2024, up from 10.6 hours in 2023. On a half-year comparison, this figure jumped from 11.4 hours in the first half to 15.2 hours in the second half. Despite the longer supply hours, manufacturers endured soaring energy costs, exacerbated by the over 200 percent hike in Band A electricity tariffs.

Consequently, total industry expenditure on alternative energy sources—including diesel, petrol, and generator maintenance—ballooned to N1.11 trillion, representing a 42.3 percent increase from N781.68 billion in 2023. This expenditure spiked sharply from N404.80 billion in H1 to N708.07 billion in H2 2024, marking a staggering 75 percent surge in just six months.

Manufacturers were also burdened by the steep rise in the cost of credit. Lending rates from commercial banks jumped to an average of 35.5 percent in 2024, up from 28.06 percent the previous year. As a result, finance costs soared to N1.3 trillion, further constraining firms’ capacity to expand or invest in new production lines.

Ajayi-Kadir concluded by calling on the government to implement urgent reforms aimed at stabilizing the policy environment, improving foreign exchange liquidity, lowering energy costs, and moderating interest rates. He stressed that sustained growth in manufacturing will require a more predictable business climate backed by concrete actions to tackle the underlying economic challenges.

Gold Price Surged Past $3400 Per Ounce

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Gold prices surged past $3,400 per ounce, setting a new all-time high on April 21, 2025, driven by a weakening U.S. dollar, escalating U.S.-China trade tensions, and heightened geopolitical risks, including the collapse of the Russia-Ukraine ceasefire. Spot gold rose over 3% to a record $3,436.01, with U.S. gold futures for June 2025 delivery hitting $3,455.90.

The rally, which saw gold gain more than $700 (27%) since January 2025, reflects strong safe-haven demand amid investor concerns over U.S. economic stability, particularly following President Trump’s comments challenging Federal Reserve independence. Market chatters highlight market unease, noting gold’s surge as a signal of eroding confidence in the dollar and global stability.

Analysts warn of potential volatility, with some projecting further rises to $3,500 if trade tensions worsen, though profit-taking or improved U.S.-China relations could trigger a pullback. The surge in gold prices past $3,400, hitting a new all-time high on April 21, 2025, is driven by weakening U.S. Dollar: A declining dollar, down 0.5% against major currencies, makes gold more attractive as a dollar-denominated asset.

Escalating trade disputes, including new U.S. tariffs, have heightened economic uncertainty, boosting gold’s safe-haven appeal. The collapse of the Russia-Ukraine ceasefire and ongoing global conflicts have increased investor demand for gold as a hedge against instability. President Trump’s comments challenging Federal Reserve independence have raised fears of monetary policy uncertainty, driving investors to gold.

Market sentiment that gold is a hedge against potential dollar devaluation and persistent inflation risks. These factors have fueled a 27% ($700) gain in gold prices since January 2025, with spot gold reaching $3,436.01 and futures hitting $3,455.90. Gold’s rally signals investor fears about U.S. economic stability, driven by a weakening dollar, U.S.-China trade tensions, and geopolitical risks like the Russia-Ukraine ceasefire collapse. This suggests eroding confidence in traditional financial systems. The 27% price increase since January 2025 reflects worries about inflation and potential dollar devaluation, particularly amid President Trump’s comments on Federal Reserve independence. Investors may continue seeking gold as a hedge.

Analysts warn of heightened volatility. While gold could climb toward $3,500 if trade tensions or geopolitical risks intensify, profit-taking or easing U.S.-China relations could trigger a price pullback. Rising gold prices may divert capital from equities and bonds to safe-haven assets, potentially pressuring stock markets, especially in sectors sensitive to trade disruptions.

The surge underscores the economic fallout of escalating tariffs and trade disputes, which could lead to higher consumer prices and slower global growth if unresolved. Central banks may increase gold reserves to diversify away from dollar-based assets, while retail and institutional investors might further drive demand, sustaining upward price pressure.

Gold’s 27% rise since January 2025 signals investors shifting capital from equities to safe-haven assets like gold amid economic and geopolitical uncertainty. This could depress stock indices, as seen with the SPY (SPDR S&P 500 ETF Trust) dropping to $519.91 on April 22, 2025, from a high of $576.00 in March 2025, reflecting a 9.7% decline over the past month. Escalating U.S.-China trade tensions and tariffs threaten sectors like technology, consumer goods, and industrials, which rely on global supply chains. Stocks in these sectors may face sharper declines.

A weaker dollar and uncertainty over Federal Reserve independence could squeeze bank margins and profitability, pressuring financial stocks. Conversely, gold mining and related companies (e.g., Newmont, Barrick Gold) may see gains as higher gold prices boost revenues. The SPY’s recent volatility, with a low of $490.57 and high of $576.00 in the past month, aligns with X posts noting gold’s surge as a signal of market unease. Increased volatility may persist if trade disputes or geopolitical risks intensify, prompting further equity sell-offs.

Trade tensions and a weaker dollar could weigh on global markets, particularly in export-driven economies like China and Europe, amplifying downward pressure on multinational corporations listed on U.S. exchanges. Some analysts frame gold’s rally as a warning of eroding confidence in economic stability, which could lead to broader risk-off sentiment, reducing demand for stocks and favoring defensive assets like gold, bonds, or utilities.

While gold’s rise could stabilize if U.S.-China relations improve or profit-taking occurs, persistent uncertainty may continue to drag on equities, with the SPY’s year-to-date decline from $605.04 in 2024 to $519.91 signaling a bearish outlook for the near term.

ChatGPT Search Gains Traction in Europe, Surges to 41.3 Million Monthly Active Users

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OpenAI’s ChatGPT Search, which integrates real-time web data into its responses, is rapidly expanding in Europe.

According to a report, the feature averaged 41.3 million monthly active users in the EU for the six months ending March 31, 2025, up from 11.2 million in the prior six-month period ending October 31, 2024.

Announcing the milestone, EU Digital Services Act (DSA), wrote via a post,

“In accordance with our obligations under Article 24(2) of the DSA, OpenAI Ireland Limited publishes information on the average ‘monthly active recipients’ of ChatGPT search (i.e. our online search features) in the European Union, calculated over a six-month period.  For the six-month period ending 31 March 2025, ChatGPT search had in combination approximately 41.3 million average monthly active recipients in the European Union.”

Under the EU’s Digital Services Act (DSA), platforms with over 45 million monthly users face stricter rules, including allowing users to opt out of recommendation systems, sharing data with researchers, and undergoing external audits. With its current growth, ChatGPT Search may soon trigger these requirements. Non-compliance could lead to fines of up to 6% of global revenue or even temporary EU suspension.

Launched in October 2024, OpenAI rolled out the search feature on ChatGPT, to enable users to get fast, timely answers with links to relevant web sources. The search model is a fine-tuned version of GPT?4o, post-trained using novel synthetic data generation techniques, including distilling outputs from OpenAI o1 preview. ChatGPT search leverages third-party search providers, as well as content provided directly by its partners, to provide the information users are looking for.

The company also partnered with news and data providers to add up-to-date information and new visual designs for categories like weather, stocks, sports, news, and maps.

ChatGPT Search’s rapid growth to 41.3 million monthly active users in Europe by March 2025 is reshaping the search industry in several ways:

1. Increased Competition:

With its conversational AI-driven approach, ChatGPT Search challenges Google’s dominance by offering concise, synthesized answers rather than traditional link-based results. This could pressure Google, which still holds over 90% of the global search market, to innovate further, particularly in AI integration.

2. Shifting User Expectations:

The surge in adoption highlights a growing preference for natural language processing and direct answers, pushing traditional search engines to enhance their interfaces. Bing and others may accelerate AI investments to compete.

3. Market Share Redistribution:

While Google’s market share remains dominant, ChatGPT Search’s growth capturing a fraction of the 8.5 billion daily global searches could erode smaller players’ shares (e.g., Bing, Yahoo) more quickly, as users gravitate toward AI-driven alternatives.

A September 2024 poll showed that 8% of users prefer ChatGPT Search over Google. However, studies highlight reliability issues, with one noting a 67% error rate in identifying articles and another flagging inaccuracy in news content, including from OpenAI’s licensed partners.

Despite its rise, ChatGPT Search trails Google, the dominant search engine, which processes an estimated 373 times more searches. Meanwhile, ChatGPT search rise, is a wake-up call for Google, pushing it to innovate faster, protect its ad-driven model, and leverage its scale and reliability to fend off this emerging threat. Failure to adapt could lead to gradual market share erosion, though Google’s entrenched position provides a strong buffer for now.