EU Designates ‘Gatekeepers’ Under Digital Markets Act
The new rules come into effect next March.
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Disney and Comcast Move Up Hulu Sales Talks Date to Sept. 30
Comcast CEO Brian Roberts said Hulu is worth more than the $27.5 billion valuation Disney and Comcast agreed to five years ago. Disney will likely dispute that.
Amazon to Face FTC Antitrust Suit This Month After ‘Last Rites’ Meeting
The FTC’s lawsuit will target several aspects of Amazon’s business, including how it handles pricing on Amazon.com and the way it runs logistics services for sellers.
China Orders Central Government Officials Not to Use iPhones for Work
Apple's continued success in China is crucial, given that worldwide smartphone shipments are declining for the whole industry.
Apple Extends Deal With Chip Designer Arm Through 2040
The revelation suggests Apple has doubled down on Arm's chip designs despite recent advances in free, open-source alternatives such as RISC-V.
China Plans $40B Fund to Support Domestic Chip Industry
The fund comes as U.S. sanctions have curtailed China's access to advanced chips and chip-making equipment.
Warner Bros. Discovery Raises Free Cash Flow Guidance Thanks to Strike Impact
By preventing entertainment companies from making TV shows and movies, the strikes are helping companies generate more cash.
Microsoft and Apple Say Bing and iMessage Aren’t ‘Gatekeepers’ Under EU Law
The new law would require those companies to make their services more interoperable with rivals.
Meta To End Facebook News Tab in European Markets
"We know that people don’t come to Facebook for news and political content," the company said in a blog post.
AI Startup Midjourney Expects $200 Million in Revenue
The startup has just 40 employees and hasn't raised a cent from outside investors.
Disney Promotes Hulu Live TV Service Amid Carriage Fight with Charter
Disney is pointing people to Hulu's live TV service, which it owns, after its channels went dark on Charter's Spectrum TV systems.
Huawei Smartphone Reveals China Has Partly Overcome U.S. Sanctions
The phone raises questions about whether Washington has been able to contain China’s technology ambitions, which could threaten U.S. national security.
Arm Seeks a Valuation Topping $50 Billion, Taps Apple and Others as Key Investors
Arm's stock is likely to begin trading publicly next week.
Twitter’s U.S. Ad Revenue Now Down 60%, Musk Says
Musk's comments were part of a widening attack by the Twitter owner and his followers on the Anti-Defamation League.
Foxconn Founder Resigns From Board Ahead of Taiwan Presidential Run
Apple’s dependence on Foxconn has waned in recent years as the consumer hardware giant has shifted orders to up-and-coming Chinese manufacturers
Arm Shoots for IPO Valuation Above $50 Billion
It would represent at least a 56% increase from the price at which SoftBank bought Arm seven years ago, a much-needed win for SoftBank CEO Masayoshi Son.
Truepill Raises $66 Million From Existing Investors Oak HC/FT, Optum
The filing comes after Truepill authorized slashing the price of some of its shares by more than 90% from their peak in 2021.
Private Equity Industry Sues SEC Over New Rules
Rules are the biggest regulatory overhaul for the PE industry since Dodd-Frank
Pension Fund Sues Amazon For Snubbing SpaceX Rockets
Amazon put rivalry with SpaceX ahead of Project Kuiper’s success, lawsuit says.
Meta Considering Paid, Ad-Free Versions of Apps for EU Users
The company is responding to a raft of new regulations targeting its business model in Europe.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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