Microsoft Stock Falls After EU's Competition Objection to Teams Bundling

Microsoft shares fell slightly in Tuesday premarket trading after European Union antitrust officials said the tech giant might have stifled competition in the bloc over its bundling of Teams with Office 365 and Microsoft 365. Microsoft shares closed at $447.67 on Monday and were down 0.3% Tuesday premarket, touching a low of $446.06. The European Commission, the EU's executive arm, sent Microsoft a so-called statement of objections—a formal step to inform parties of objections against a potential deal or market practices.