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News on the Move: El Salvador to make Bitcoin legal tender

Yahoo Finance's Seana Smith joins Yahoo Finance Live to break down today's biggest stories in today's News on the Move.

Video Transcript

SEANA SMITH: It's time for News on the Move. El Salvador is planning to make Bitcoin legal tender in the country. The president making the announcement at Bitcoin 2021 Conference in Miami over the weekend, saying that in short-- in the short term, it will, quote, "generate jobs and also provide financial inclusion to thousands outside the formal economy." Now a bill is expected to be introduced soon.

Google getting fined in France over unfair advertising practices. The tech giant will pay $270 million as part of its antitrust settlement with French regulators and also make changes to its online ad business. Now the French competition authority ruling that Google had unfairly given its own services an edge while then discriminating against its competition.

And a record setting performance for Simone Biles, the 24-year-old gymnast claiming her seventh US gymnastics championship. Her two-day total of 119.650 was nearly 5 points better than the runner-up. Now the US Olympic team trials will be held in St. Louis, Missouri later this month. And of course, Biles is expected to be a shoo-in for this year's team.