Apple EU Warning, Carnival Earnings
Bloomberg Intelligence
European Union's Antitrust Feud with Apple and Implications on Tech Companies
The chapter delves into the European Union's investigation of Apple's alleged anticompetitive practices on the App Store under the Digital Markets Act, highlighting the focus on anti-steering rules. It discusses the potential consequences for Apple, including fines and behavioral remedies, and the broader impact on U.S. technology companies in light of European regulatory actions. Additionally, the chapter explores the potential benefits for German luxury car manufacturers if the EU drops tariffs on Chinese electric vehicle exports and the implications of Canada's decision to limit imports of Chinese-made EVs.
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