EU regulation fails to provide economic benefits for consumers: Study

A digital regulation in the European Union has failed to result in lower costs for consumers as American technology companies continue facing punishment under the European bloc’s antitrust legislation, according to a study released Wednesday.

The new study, commissioned by Apple and conducted by the Analysis Group, finds the EU’s Digital Markets Act does not fulfill its stated goal to reduce app prices. The study’s author finds very little evidence that the regulation leads to economic benefits for consumers.