The news: A federal court stopped short Tuesday of ordering Google to divest Chrome, instead requiring the company to end exclusive search contracts and share some data with rivals. Judge Amit Mehta’s ruling allows Google to continue paying Apple and others to preload its search engine but bars exclusivity clauses that kept competitors out, CNBC and NPR report.

• Alphabet shares jumped 8% in after-hours trading as investors viewed the decision as lighter than feared; Apple gained 4% on expectations its default placement deal, worth billions annually, will remain intact.
• Google will face six years of external oversight and must provide competitors with limited access to its search index and interaction data, though not ad-related data.