Daily Rewind: Google’s profit take a hit

Google’s profit took a major hit last quarter after the company was fined by European regulators. Here’s what you should know:

• Google’s parent company Alphabet reported a drop in profits last quarter. The hit was due in part to a record $2.74 billion fine from EU regulators. Google was punished for pushing users to its online shopping platform over competitors.
• It’s not all bad news: Google reported a 21% increase in sales, thanks to a surge in video and mobile ads.
• Shares of Alphabet were down 3% in after hours trading Monday following the earnings results.

Other important news to know:

WebMD bought for $2.8 billion. Your go-to site for researching scary health symptoms has found a buyer. Investment firm KKR will add WebMD to its health site portfolio, which includes FitDay, eHealth Forum and eDoctors. WebMD’s stock was up about 20% following the news. Read more from CNNMoney’s Chris Isidore.

Check these stories out:

*Jared Kushner testifies before the Senate on Russia (CNN Politics)

*Scaramucci says press briefings will be back on camera (AP)

*Trump warns GOP: Keep your promise on health care (CBS News)

*Microsoft could be getting rid of Paint after 32 years (CNBC)

That’s all for today. We’ll see you back here tomorrow!

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