The European Union's drug regulator has recommended approval of Moderna's updated formulation of COVID-19 shot Spikevax, the vaccine maker said on Friday.

The European Commission (EC) has launched an investigation into KKR over whether the company provided “incorrect or misleading information” about the market impact of its €22 billion ($25.8bn) deal to buy Telecom Italia's (TIM) fixed network, NetCo, last year.

President of Ukraine Volodymyr Zelenskyy has stated that he does not want to jeopardise Ukraine's European integration amid the controversy surrounding the law placing the National Anti-Corruption Bureau (NABU) and the Specialised Anti-Corruption Prosecutor's Office (SAPO) under the control of the Prosecutor General.

The European Commission has admitted in response to a records request that it did no analysis of the impacts before making a controversial proposal to offshore some of its climate actions to poorer countries.

The price for an ETIAS travel authorization to enter many parts of Europe is set to jump from 7 euros ($8) to 20 euros ($23), the European Commission said Friday.

An exchange-traded fund that buys stocks in Europe was paring losses after the head of the European Commission indicated a positive development in trade discussions with the U.S. The iShares MSCI Eurozone ETF was down a slight 0.

Following are some reactions to the European Commission's proposal on Wednesday for a 2 trillion euro ($2.31 trillion) EU budget for 2028-2034. The proposal places a new emphasis on economic competitiveness and defence while aiming to reform the rules around farm and economic development subsidies.

"It's not just cloud service providers, but also hospitals, universities, and local governments facing unsustainable costs and rigid long-term commitments,” said CISPE secretary general

The second healthcare sector IPCEI – approving up to €403 million of State aid by five Member States, including France, Hungary, Italy, Solvakia, and Slovenia – will support collaborative research and innovation, as well as the first industrial deployment of these frontier technologies.

European Union countries have expressed broad support for one round of 30% retaliatory tariffs if the United States does not reach a trade deal with the EU.