Jonathan Wong
The Latest
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Apple Revises EU App Store Rules to Avoid Daily Fines After $580 Million Antitrust Penalty
Apple has implemented sweeping changes to its App Store policies across the European Union to comply with the bloc's Digital Markets Act (DMA) and avert additional fines, after being hit with a €500 million ($580 million) penalty earlier this year for anticompetitive practices. The move comes on the heels of a 60-day deadline set by the European Commission, which expired Thursday, and threatens daily fines of up to 5% of Apple's global daily revenue-roughly €50 million. 
Apple has implemented sweeping changes to its App Store policies across the European Union to comply with the bloc's Digital Markets Act (DMA) and avert additional fines, after being hit with a €500 million ($580 million) penalty earlier this year for anticompetitive practices. The move comes on the heels of a 60-day deadline set by the European Commission, which expired Thursday, and threatens daily fines of up to 5% of Apple's global daily revenue-roughly €50 million. -
Nike Warns Trump Tariffs Will Add $1 Billion in Costs as Turnaround Struggles to Gain Traction
Nike Inc. expects to incur up to $1 billion in additional costs from new tariffs imposed under President Donald Trump's trade policy, the company's finance chief said Thursday, as the sportswear giant navigates a critical phase of its turnaround amid sharp declines in profit and sales. 
Nike Inc. expects to incur up to $1 billion in additional costs from new tariffs imposed under President Donald Trump's trade policy, the company's finance chief said Thursday, as the sportswear giant navigates a critical phase of its turnaround amid sharp declines in profit and sales. -
Shell Dismisses BP Takeover Rumors, Triggers 6-Month Bid Ban Under UK Rules
Shell Plc on Thursday issued a categorical denial of speculation it was pursuing a takeover of rival energy firm BP Plc, stating unequivocally that no offer had been made or even considered. The statement came in response to a Wall Street Journal report citing unnamed sources who claimed Shell had initiated early-stage discussions to acquire BP. 
Shell Plc on Thursday issued a categorical denial of speculation it was pursuing a takeover of rival energy firm BP Plc, stating unequivocally that no offer had been made or even considered. The statement came in response to a Wall Street Journal report citing unnamed sources who claimed Shell had initiated early-stage discussions to acquire BP. -
BP Shares Surge 10% Before Retreating as Shell Denies £60 Billion Takeover Talks
Shares of BP jumped more than 10% on Wednesday following a report that Shell was in early-stage talks to acquire the British energy giant, only to retreat sharply after Shell denied any such negotiations were taking place. The stock spiked to a session high of $32.94 before settling about 2% higher by midday. 
Shares of BP jumped more than 10% on Wednesday following a report that Shell was in early-stage talks to acquire the British energy giant, only to retreat sharply after Shell denied any such negotiations were taking place. The stock spiked to a session high of $32.94 before settling about 2% higher by midday. -
Tesla Sales in Europe Drop 27.9% as Chinese EV Rivals Surge Despite Tariffs
Tesla's vehicle sales in Europe declined for a fifth consecutive month in May, dropping 27.9% year-over-year to 13,863 units, according to data released Wednesday by the European Automobile Manufacturers Association (ACEA). The slide comes amid growing competition from Chinese electric vehicle makers and mounting reputational issues linked to CEO Elon Musk. 
Tesla's vehicle sales in Europe declined for a fifth consecutive month in May, dropping 27.9% year-over-year to 13,863 units, according to data released Wednesday by the European Automobile Manufacturers Association (ACEA). The slide comes amid growing competition from Chinese electric vehicle makers and mounting reputational issues linked to CEO Elon Musk. -
NTSB Blames Boeing's Poor Training and Oversight for Alaska Airlines 737 Max Blowout
The National Transportation Safety Board on Tuesday identified Boeing's inadequate worker training and systemic oversight failures as the primary cause of the midair door plug blowout on Alaska Airlines Flight 1282, sharply criticizing both the aircraft manufacturer and the Federal Aviation Administration. 
The National Transportation Safety Board on Tuesday identified Boeing's inadequate worker training and systemic oversight failures as the primary cause of the midair door plug blowout on Alaska Airlines Flight 1282, sharply criticizing both the aircraft manufacturer and the Federal Aviation Administration. -
Trump Media Shares Rise as Board Authorizes $400 Million Stock Buyback Plan
Trump Media & Technology Group, parent company of Truth Social, said Monday its board of directors approved a stock repurchase program of up to $400 million, signaling confidence in the company's long-term value despite ongoing financial losses. 
Trump Media & Technology Group, parent company of Truth Social, said Monday its board of directors approved a stock repurchase program of up to $400 million, signaling confidence in the company's long-term value despite ongoing financial losses. -
Tesla Begins Real-World Robotaxi Trial in Austin, Pledges Millions More by 2026
Tesla launched its first paid robotaxi service in Austin, Texas, on Sunday, deploying a small fleet of autonomous Model Y vehicles equipped with remote supervision and in-car safety monitors. CEO Elon Musk declared the pilot program live with a post on X, writing: "The @Tesla_AI robotaxi launch begins in Austin [Sunday] afternoon with customers paying a $4.20 flat fee!" 
Tesla launched its first paid robotaxi service in Austin, Texas, on Sunday, deploying a small fleet of autonomous Model Y vehicles equipped with remote supervision and in-car safety monitors. CEO Elon Musk declared the pilot program live with a post on X, writing: "The @Tesla_AI robotaxi launch begins in Austin [Sunday] afternoon with customers paying a $4.20 flat fee!" -
Major U.S. Insurers Pledge 80% Real-Time Prior Authorization by 2027, Impacting 257 Million Patients
More than 50 major U.S. health insurers, including UnitedHealthcare, CVS Health, Cigna, Elevance Health, and Blue Cross Blue Shield, announced Monday they will streamline and reduce the controversial practice of prior authorizations, a process long criticized for delaying patient care and increasing administrative burdens on doctors. The effort will impact an estimated 257 million Americans covered under commercial, Medicare, and Medicaid health plans. 
More than 50 major U.S. health insurers, including UnitedHealthcare, CVS Health, Cigna, Elevance Health, and Blue Cross Blue Shield, announced Monday they will streamline and reduce the controversial practice of prior authorizations, a process long criticized for delaying patient care and increasing administrative burdens on doctors. The effort will impact an estimated 257 million Americans covered under commercial, Medicare, and Medicaid health plans. -
Kraft Heinz to Eliminate Artificial Dyes From U.S. Foods by 2027 Amid Regulatory Pressure
Kraft Heinz will remove all artificial food dyes from its U.S. product lineup by the end of 2027, the company announced Tuesday, marking a sweeping shift in response to rising consumer demand for clean-label ingredients and escalating pressure from the Department of Health and Human Services under Secretary Robert F. Kennedy Jr. 
Kraft Heinz will remove all artificial food dyes from its U.S. product lineup by the end of 2027, the company announced Tuesday, marking a sweeping shift in response to rising consumer demand for clean-label ingredients and escalating pressure from the Department of Health and Human Services under Secretary Robert F. Kennedy Jr.
