Apple Facing EU Fine for Hindering Streaming Music Competition
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Apple Facing EU Fine for Hindering Streaming Music Competition
Apple Facing EU , Fine for Hindering , Streaming Music Competition.
On March 4, the European Union filed its first antitrust
penalty aimed at Apple, fining the tech giant almost
$2 billion for unfairly favoring its own music service.
On March 4, the European Union filed its first antitrust
penalty aimed at Apple, fining the tech giant almost
$2 billion for unfairly favoring its own music service.
According to regulators, Apple forbid streaming
music rivals from informing users that cheaper
subscription options available on their websites.
According to regulators, Apple forbid streaming
music rivals from informing users that cheaper
subscription options available on their websites.
Those options would allow users to
avoid a 30% fee charged when people
pay through the iOS App Store app.
.
This is illegal.
And it has
impacted millions of European
consumers who were not able to
make a free choice as to where,
how and at what price to buy
music streaming subscriptions, Margrethe Vestager, EU Commission's
competition commissioner, via NPR.
Margrethe Vestager, the EU's competition
commissioner, said the practice has resulted in , "millions of people who have paid two, three euros
more per month for their music streaming service
than they would otherwise have had to pay.".
NPR reports that the EU Commission
decision comes the same week as new
rules take effect aimed at preventing tech
companies from cornering digital markets.
Apple said the it would appeal
the commission's decision to
levy a fine against the company.
.
The decision was reached despite
the Commission's failure to uncover
any credible evidence of consumer
harm, and ignores the realities
of a market that is thriving,
competitive, and growing fast, Apple statement, via NPR.
Apple added that the EU decision benefits Spotify,
which is based in Sweden and currently holds
a 56% share of Europe's music streaming market.
Apple added that the EU decision benefits Spotify,
which is based in Sweden and currently holds
a 56% share of Europe's music streaming market.
Ironically, in the name of
competition, today's decision
just cements the dominant
position of a successful European
company that is the digital
music market's runaway leader, Apple statement, via NPR
We now know when the innies of 'Severance' will return to the office. Apple just revealed that season two of the workplace thriller will premiere on January 17th, 2025. The 10-episode season will be released weekly through March 21st, 2025. Along with the date announcement, the streamer shared a short teaser for the new season.
Credit: The Hollywood Reporter Duration: 01:09Published
Amazon Reaches $2 Trillion , in Stock Market Value.
On June 26, Amazon became the 5th American company to join the $2 trillion club, NPR reports. .
Amazon shares ended the day up nearly 4%, giving the company a $2.01 trillion stock market valuation. .
Within the past year,
Amazon's stock has gained 52%.
Part of that gain can be attributed
to investors' enthusiasm about the
company's AI endeavors, NPR reports. .
A big part of the valuation boost has
been cloud and AI. Amazon is going to
be a major player in the AI revolution, Dan Ives, Wedbush tech analyst, via NPR.
Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .
Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .
Amazon CEO Andy Jassy recently said that
AI has rejuvenated the growth of AWS.
The cloud computing unit is reportedly on pace to bring in $100 billion in annual revenue.
Amazon recently invested in Anthropic, a California
AI company, "to develop so-called foundation models
that underpin generative AI systems," NPR reports. .
Amazon also makes its own AI chips.
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia.
Credit: Wibbitz Top Stories Duration: 01:30Published
Climate change has heightened the risk of forest fires and wildfires in Europe. EU agencies are cooperating across borders and using artificial intelligence to predict and prevent disasters.
Credit: euronews (in English) Duration: 01:41Published
Supreme Court Rules That , Some Jan. 6 Defendants, Were Improperly Charged.
NPR reports that the United States Supreme Court voted to limit which defendants accused of taking part in the Jan. 6 Capitol riot can be charged by federal prosecutors.
The decision also casts doubt on two out of
the four felony counts in former President
Donald Trump's election subversion indictment.
According to conservative Chief Justice John Roberts,
the court ruled that the U.S. government must prove , “that the defendant impaired the availability or integrity
for use in an official proceeding of records, documents,
objects, or other things used in an official proceeding.”.
NPR reports that prosecutors relied
on a key criminal statute to prosecute
over 350 participants of the Capitol riot.
The statute makes it a crime to alter or
destroy official documents, or to otherwise
obstruct or impede official proceedings.
Roberts wrote that the statute was
not meant to broaden the meaning of
the law to make it a catchall provision. .
The decision will impact other cases related
to Jan. 6, many of which will have to be
resentenced, retried or defendants will be released. .
NYU law professor Ryan Goodman authored
a study that found only 346 of the 1,417 people
charged in connection with the Capitol riot
were charged under the obstruction statute.
The study also found that 71 people are still
awaiting trial on the obstruction charge, but over
half of them are also charged with another felony.
NPR points out that if found guilty of other felony charges,
the sentencing judge is still allowed to use the charge of
obstruction to determine the length of their sentence.
Credit: Wibbitz Top Stories Duration: 01:31Published
Supreme Court Rules , Against SEC's Authority, to Impose Fines.
NPR reports that the United States Supreme Court
recently voted 6-3 against the Securities and
Exchange Commission's policy on fraudulent conduct. .
NPR reports that the United States Supreme Court
recently voted 6-3 against the Securities and
Exchange Commission's policy on fraudulent conduct. .
Chief Justice John Roberts, writing for the court's
conservative majority, said the current rules deprive accused
transgressors of their constitutional right to a jury trial. .
Chief Justice John Roberts, writing for the court's
conservative majority, said the current rules deprive accused
transgressors of their constitutional right to a jury trial. .
The SEC relies on administrative
law judges (ALJ) to make legal conclusions
in cases brought before the agency.
The Supreme Court's decision has the potential
to send ripples through dozens of agencies,
from labor rights to energy regulation.
The Court did exclude from its decision those
agencies dealing with federal benefits, while some
conservative justices wanted the ruling to go further.
The three liberal justices
in dissent blasted the
decision by the majority. .
The case was brought by a former conservative
radio host and hedge fund manager, George Jarkesy,
following an SEC fraud investigation.
The case was brought by a former conservative
radio host and hedge fund manager, George Jarkesy,
following an SEC fraud investigation.
An in-house evidentiary hearing fined Jarkesy $300,000,
ordered him to pay back almost $700,000 in ill-gotten
profits and barred him from the securities industry.
Jarkesy argued that he was entitled to a jury trial
held in a federal court and that Congress lacked
the power to delegate such authority to the SEC.
NPR reports that Jarkesy's case was supported
by a number of conservative and business groups, and individuals such as Elon Musk.
NPR reports that Jarkesy's case was supported
by a number of conservative and business groups, and individuals such as Elon Musk
Credit: Wibbitz Top Stories Duration: 01:31Published
Border Arrests Fall Over 40% , Since Biden Suspended Asylum Processing.
The Homeland Security Department made the announcement on June 26, NPR reports. .
Average daily arrests that the
Border Patrol has made over a week-long period have dropped below 2,400.
That is a decrease of over 40% from before the president's proclamation went into effect on June 5.
That is a decrease of over 40% from before the president's proclamation went into effect on June 5.
However, arrests need to drop to the
1,500 mark before asylum processing can resume.
Still, the current data marks the lowest number
of arrests since Jan. 17, 2021, NPR reports. .
Last week, President Biden touted a 25% decrease
in border arrests since the order took effect, .
which means they've
dropped a lot more since then.
Homeland Security Secretary Alejandro Mayorkas has called the executive order a "tremendous success.".
We indeed have seen a tremendous
success early on, and I should emphasize
that it is early on in our implementation
of the president’s proclamation and
our accompanying regulation, Alejandro Mayorkas, to CNN.
Mayorkas will address border enforcement
efforts in Tuscon, Arizona, on June 26.
The area has served as "the busiest corridor for illegal crossings" recently, NPR reports.
Credit: Wibbitz Top Stories Duration: 01:31Published
Upcoming Presidential Debate , Between Biden and Trump, Breaks With Tradition.
Upcoming Presidential Debate , Between Biden and Trump, Breaks With Tradition.
On June 27, President Joe Biden and former
President Donald Trump will meet in the
first presidential debate of 2024 in Atlanta.
On June 27, President Joe Biden and former
President Donald Trump will meet in the
first presidential debate of 2024 in Atlanta.
NPR reports that the debate marks the beginning of
a new phase in the presidential election, with less
than five months until Election Day on November 5.
According to the latest NPR/PBS News/Marist polls,
Biden and Trump are nearly tied following a month-long
trend of national surveys with the same results.
According to the latest NPR/PBS News/Marist polls,
Biden and Trump are nearly tied following a month-long
trend of national surveys with the same results.
Breaking with campaign tradition, the debate comes
months earlier than usual, following a set of rules
agreed to by candidates and without a live audience.
The event is scheduled to start at 9 p.m. ET
and is expected to run for 90 minutes.
CNN's Jake Tapper and Dana Bash will
moderate the event, which will take
place at the network's Atlanta studio.
CNN's Jake Tapper and Dana Bash will
moderate the event, which will take
place at the network's Atlanta studio.
The presidential debate will also be available
on CNN and the Max streaming platform. .
The presidential debate will also be available
on CNN and the Max streaming platform. .
NPR reports that presidential debates
have traditionally occurred in front of a live
audience and are coordinated by the bipartisan
Commission on Presidential Debates (CPD).
However, both Biden and Trump have said they
will not participate in the CPD's planned debates,
pushing for earlier face offs ahead of the election.
However, both Biden and Trump have said they
will not participate in the CPD's planned debates,
pushing for earlier face offs ahead of the election.
The second debate is scheduled
for September and will be
hosted by ABC News
Credit: Wibbitz Top Stories Duration: 01:31Published
Hungary has been accused of trying to intimidate civil society as the European Commission has issued legal proceedings against its Sovereignty Protection Office.
Credit: euronews (in English) Duration: 02:20Published
"Companies are signing over 20 new deals or Memorandum of Understanding (MoUs) with Egyptian partners, which are worth over 40 billion euros," the European Commission president said.
Credit: euronews (in English) Duration: 01:00Published
China Accuses EU , of Unjustified Tariff Hike , on Electric Vehicles.
'The Independent' reports that China's Commerce
Ministry has accused the European Union of conducting
an unreasonable investigation and implementing
an unjustified increase in tariffs. .
'The Independent' reports that China's Commerce
Ministry has accused the European Union of conducting
an unreasonable investigation and implementing
an unjustified increase in tariffs. .
On June 20, ministry spokesman He Yadong accused
the EU of demanding an excessive amount
of information from Chinese automakers. .
The types, scope, and amount
of information collected by the
European side are unprecedented,
far exceeding the requirements
of anti-subsidy investigations, He Yadong, China's Commerce ministry
spokesman, via 'The Independent' .
According to He, this information included details on
everything from manufacturing to product formulas
from Chinese electric car and battery producers.
After Chinese companies
did their best to cooperate
with the investigation and
provided information, .., He Yadong, China's Commerce ministry
spokesman, via 'The Independent' .
... the European Commission still
unreasonably accused Chinese
companies of not fully cooperating
and imposed punitive high tax rates, He Yadong, China's Commerce ministry
spokesman, via 'The Independent' .
He added that Chinese companies involved
with the investigation were left
feeling "shocked and disappointed.".
The spokesman went on to state that any
additional measures or provisional increases
in tariffs lack a "factual and legal basis.".
'The Independent' reports that the EU plans
to impose new provisional tariffs between 17.4%
and 38.1% on Chinese EVs starting on July 4. .
Those tariffs would apply to all
foreign brands of electric vehicles
exported to the EU, including Tesla. .
The EU has stated that it wants to discuss
its investigation with authorities in China
and seek a way to resolve any issues.
Credit: Wibbitz Top Stories Duration: 01:31Published
Alessia Russo says England will look to finish more sharply against Sweden in their deciding Euro 2025 qualifier after struggling in front of goal against the.. BBC Sport
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