australia's competition regulator has accused google of misleading consumers in order to use their personal data for targeting advertising the australian competition and consumer commission says that in 2016 a search engine started combining information from uses google accounts with their browsing activity on known web sites without sufficient consent. british pharmaceuticals astra zeneca has signed a $6000000000.00 cancer drug deal with japan's daiichi sankyo together they'll develop a market and market targeted treatment in the 2nd major cancer collaboration between the 2 companies that is going to see astra zeneca pay a $1000000000.00 upfront to daiichi sankyo. meanwhile u.s. drug maker model says it's receiving an additional $472000000.00 in government aid to develop facts nation against corona virus a test of the vaccine on $30000.00 participant participants starting today. now more than 600 german companies are established in south africa making the country germany's biggest african trading partner with more than 4 140000 cases south africa has become one of the printers worst affected by coronavirus now is german business partners are trying to help it. use cours

the london stock exchange --nned $27 billion bid h the competition and consumer commission cites concernrivals will retain access to the company's benchmarks at a fair cost and on reasonable terms. next, we get the latest from the virus surge in tokyo and how pandemic is impacting women in the labor market. this is bloomberg. ♪ haidi: we are getting some alerts coming through when it comes to the economic data from singapore and japan. the bank of japan pmi services number coming in shortly. hasn't dropped yet. let's get you the market in singapore pmi. really bouncing back from the previous decline that was 27.1. a sizable recovery remains firmly in retractionary territory. singapore had one of the strictest economic lockdowns to counter the rise in new virus cases with essentially non-essential activity coming to a standstill. we are waiting for those numbers when it comes to think of japan pmi services and composite number. the final number for june when it comes to the services pmi is 42.3, so still in retractionary territory. the pmi composite number for june 37.9. this being more o

paul: this proposal is coming from the australian competition and consumer commission.ng on some rules which we should see later in the month. googlesaid, facebook, published free snippets of news stories on the platform and then would be forced to share the revenue generated. the whole thing is a symbiotic relationship that news content keeps users engaged in facebook and google gay there more data. it also -- gathers more data. in a way, it is a win-win. the accc saying there's no doubt that the net value flow goes to those big social media companies. shery: what do facebook and google think about this proposal? paul: they deny the central claim. facebook says it is fundamentally incorrect about news generating long-term commercial value. they say it is fairly negligible and that was included in the submission to the accc this past month. google makes a similar claim there's a very small economic value for news and the google search. what it's going to boil down to is a question of how you determine value. whatever australia's rules and up looking like, it will be clo

and locations. workers will be given 30 day cautiousong with the -- exchange'sdon stock planned bid for refinitiv is facing another hurdle after singapore rules the deal could produce competition in the forex market. the competition and consumer commissionr whether rivals will retain access. the lessee deal is facing an antitrust abuse in europe. bloomberg lp is the parent of bloomberg news and competes with refinitiv to provide financial news, data, and information. beatesla sales expectations, seeing shares soaring toward a bullish price target. the carmaker delivered just in june,000 cars gaining on the first quarter and beating estimates. thees rose as much as 10%, biggest one-day jump in 10 years, one day after tesla became the world's most valuable company. let's take a look at what is going on throughout the markets. this is it for the moment. we have a tie in the big ga -- the big gainers. don't forget that we did have the better than expected u.s. jobs report, which did help the street of dreams move up. that is helping things in this part of the world is way. bloomberg daybreak: middle east is next. i got an oriole here. eh. common bird. ooh look! over here! something much better. there it is. peacock, included with xfinity x1

competition and consumer commission launching court proceedings against google, alleging they misled sumers over the use of personal data. they accuse google of failing to inform users and get their consent before collecting and combining their internet activity for targeted advertising. it claims -- the claims date back to 2016. india's second biggest lender seeing profit up 347 million dollars in the latest quarter, helped by a sale in its insurance subsidiaries. let's look at the company, they say the prophet came in and they set aside more than $740 million to deal with an unexpected rise in bad loans due to the covid-19 pandemic. gross bady said its loan ratios stood at just under 5.5% at the end of june. relentless rally in gold continues. spot prices, currently $19,028 -- $1928. at 1900 $28looking for the precious metal and those are the futures, as well. futures. in terms of the broader equity markets, it has been a choppy session in the mainland. you are looking at the csi 300 with gains of 0.6 percent, shanghai composite up zero point 3%, the real estate sector 0.4% andeek,

the consumer and competition commission alleging google misled consumers about the expanded use of personallleging that it failed to inform consumers. we are looking at a situation where the regulators have launched meetings against group -- google to take action when it comes to what it sees as misleading contacts on that dissemination of personal data. we will get you more details on that as we get them. but let's get you a quick look at the business flash headlines. isouth korean company capable of producing 200 million covid vaccines by next june. that is according to bill gates. and ae the statement letter to the south korean president. tech company is selling its stake. buying two years after it. dave will give the business greater economy under new managers. this marks a quick turnaround from the $8 billion purchase in november 2018. rolls-royce is said to be in talks for emergency sales of a unit. they will sell the unit to private equity buyers. the potential sale comes after rolls-royce says it is considering all options to raise funds. u.s. lawmakers are racing against the clock

facebook and the eu competition commissioner said the commission is looking into voice assistants such as siri and alexa. >> there is a risk markets could develop in a way that would harm consumerspetition. that is why we have launched this inquiry so we can solve the problem and take action before it is too late. guy: let segment this a little bit. talking about an investigation into digital assistants. she will also focus on the internet of things. the other thing was the big rolling out of the european court regarding data and the transfer of data across the atlantic. in 2016 we had a problem with this. we now have another problem with this because the court has ruled against the data shield put in place at that point to cover how this data is transferred from one side of the atlantic to the other. didier reynders is the eu commissioner for justice. he oversees this and i am sure he is watching this decision with a great deal of interest. commissioner, thank you much for your time. we greatly appreciate it. the court went watch further than anticipated -- went much further than anticipated. was it a surprise? commissioner reynders: we were aware we would receive a -- inon of

during this public health crisis, the trade commission has continued its work pretend protecting consumers providing guidance of businesses and protection competition in the marketplace throughout the pandemic. in addition to the work that states are doing to protect consumers from scams, mr. anderson, in addition to protecting americans privacy, are there any recommendations you believe we need to consider as we prepare for a possible second wave of covid-19? >> i do think we need to give serious thought to bringing all tools that we can't bear to protect consumers here. i was interested and some of your comments you made earlier about using technology and whatever way possible to protect consumers, and there may be a place for looking at algorithms that detect patterns of fraud. i think those types of things using technology as a means of protection are worth exploring. just to give an example, in the rubble area which i know is an area also probably hear all the time. huge sorts of complaints for us. the world changed their a while back, we're all the calls started coming from overseas. scammers were using technology to spoof the calls, and the