Alphabet absorbs a pair of antitrust setbacks this week, losing ground in a U.S. lawsuit brought by Yelp and drawing a roughly $1.5 billion damages order in Europe.

Klarna Group shares are trading higher Wednesday after a Swedish court awarded its PriceRunner unit $1.97 billion in damages against Google.

A Swedish court ruled on Wednesday that Alphabet Inc.'s Google must pay 14.3 billion Swedish crowns (about $1.5 billion) in antitrust damages to PriceRunner, the price comparison…