Apple fined $571 million and Meta $228 million for breaching European Union antitrust rules
US Top News and Analysis (RSS)
US Top News and Analysis (RSS)
CNBC
EU hits Apple and Meta with nearly $800 million in fines amid U.S. trade tensions
The European Union on Wednesday fined Apple and Meta hundreds of millions of euros each for breaching the bloc's digital competition laws.
Eli Lilly sues four telehealth sites selling compounded Zepbound, Mounjaro
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US Top News and Analysis (RSS)
CNBC
Eli Lilly sues four telehealth sites selling compounded Zepbound, Mounjaro
Eli Lilly & Co. is suing four telehealth companies selling compounded versions of Lilly's weight-loss drug Zepbound and its diabetes drug Mounjaro.
Boeing to seek FAA approval this year to increase 737 Max production as losses narrow
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US Top News and Analysis (RSS)
CNBC
Boeing to seek FAA approval this year to increase 737 Max production as losses narrow
Boeing's first quarter loss narrowed to $31 million in the first quarter and it burned less cash than analysts estimated.
Weekly mortgage demand plunges nearly 13%, as interest rates hit 2-month high
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US Top News and Analysis (RSS)
CNBC
Weekly mortgage demand plunges nearly 13%, as interest rates hit 2-month high
Mortgage demand continues to drop as mortgage rates climb to a two-month high. Refinance demand is hit the most, while homebuyers face economic uncertainty.
Apple AI ads did not make ‘adequate’ disclosures, watchdog says
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US Top News and Analysis (RSS)
CNBC
Apple AI ads did not make ‘adequate’ disclosures, watchdog says
The decision is the latest blow to Apple's reputation with artificial intelligence technology and its struggles to market the iPhone 16's AI features.
YouTube turns 20 and is on track to be the biggest media company by revenue
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US Top News and Analysis (RSS)
CNBC
YouTube turns 20 and is on track to be the biggest media company by revenue
Twenty years since launching, YouTube would likely be worth as much as $550 billion as a stand-alone business, according to analysts at MoffettNathanson.