Western Union shares fall 2.79% intraday amid EU-Italy clash over UniCredit merger.

The Western Union Company dropped 2.79% intraday. The decline in stock price may be attributed to the ongoing EU clash with Italy over UniCredit, which could potentially impact the financial sector and Western Union's operations in Europe. The European Commission's warning to Italy over its conditions on UniCredit's planned bid for Banco BPM could lead to a formal infringement procedure, adding uncertainty to the market.