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Apple Inc. shares gained in late trading after a US judge stopped short of barring its lucrative search arrangement with Google, a deal that has generated roughly $20 billion in revenue a year for the iPhone maker.
Though Judge Amit Mehta ruled in an antitrust case that Google can’t enter exclusive contracts for internet search, deals that make the search provider a default option in internet browsers are still allowed.
“Google is permitted to pay browser developers, like Apple,” he said in the decision. However, the partner company must promote…
