Apple's looming $540 million EU fine is a warning sign to other U.S. companies

Happy President’s Day! The United States is celebrating Washington today (more precisely, President George Washington’s birthday), but American business leaders would do well to pay attention to what’s happening in Brussels instead. The European Commission, based in Brussels, is planning to hit another U.S. Big Tech company with an antitrust penalty, the Financial Times reported yesterday. Apple faces a €500 million ($540 million) fine for blocking its music streaming rivals, including the Swedish company Spotify, on its devices and services. For a company with nearly $100 billion in net income,...