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Trump hikes tariffs on China, pauses higher reciprocal tariffs on others: We expect US retail sales growth to slow due to the broader impact of his trade policies.

The news: Meta and Apple have become the first companies fined for violating the European Union鈥檚 Digital Markets Act (DMA), with Meta receiving a 鈧�200 million (USD $216 million) fine and Apple receiving a 鈧�500 million ($541 million) fine.

Tariffs drive ad pullbacks: Temu and Shein reduce US ad spending ahead of policy shift, signaling fallout across ecommerce and social platforms.

It opened up its ecosystem and seemingly gave up its grand financial services ambitions. But it鈥檚 still a major payments player.

Most of the growth is tied to ever-rising retail ecommerce. Retail media鈥檚 valuable first-party data is now being used for ads targeted in-store and in nonendemic channels like CTV. Google, Meta, and Amazon still dominate the ad spending landscape. The triopoly鈥檚 share in Canada is among the highest in the world.