Apple Faces EU Warning to Open iPhone Operating System to Rivals

Image source: Photo by Laurenz Heymann on Unsplash

Apple Faces EU Warning to Open iPhone Operating System to Rivals. ⚖️ Apple is expected to be warned by the European Union under the Digital Markets Act to open its iPhone operating system to rival technologies or face potential fines. The EU aims to ensure that other developers can access key features like Siri and the iPhone’s payments chip, with non-compliance risking fines of up to 10% of Apple’s global annual turnover. Yahoo Finance reports.

⚖️ GoogSplit: Google offered to sell part of ad tech business, not enough for EU publishers. Reuters reports.

💸 AmazRaise: Amazon raises pay of US hourly workers in fulfillment. Reuters reports.

🕰️ Furloughs: Boeing CEO says the company will furlough employees soon to preserve cash during labor strike. Yahoo Finance reports.

🎮 GameFine: GameStop CEO Cohen to pay $1 million fine over Wells Fargo stock buy. Reuters reports.

🔗 LUNRLink: Lunar company Intuitive Machines’ stock jumps more than 40% after NASA moon satellite contract. CNBC reports.

🔍 Mscrutiny: No merger scrutiny of Microsoft's hiring of Inflection staff, EU says. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $TBIO: Telesis Bio
Total gain: +251.47%

2. $ZEO: Zeo Energy
Total gain: +220.17%

3. $XCUR: Exicure
Total gain: +162%

4. $VERO: Venus Concept
Total gain: +79.1%

5. $SGN: Signing Day Sports
Total gain: +46.34%

JPMorgan in talks with Apple to take over its credit card venture: report

JPMorgan Chase is reportedly in talks with Apple to take over its fast-growing credit card venture after the technology giant made a push to cut ties with its former partner Goldman Sachs last year.

Apple and JPMorgan's talks started earlier this year, although there are no guarantees the two firms will reach a deal, the Wall Street Journal reported, citing sources familiar with the matter.

📰 Read more

The closing price of the top three market percent gainers trading near or above $3 on September 18.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $PRTG: Portage Biotech
Total gain: +116.34%
The stock appeared to be moving on no notable news.

2. $APLT: Applied Therapeutics
Total gain: +69.46%
The company provided an update on the ongoing New Drug Application (NDA) review of govorestat for the treatment of Classic Galactosemia. It recently completed its late-cycle review meeting with the United States Food and Drug Administration (FDA). During the meeting, the FDA communicated that the previously tentatively scheduled Advisory Committee meeting for October 9, 2024, would no longer be necessary. Benzinga reports.

3. $LUNRW: Intuitive Machines
Total gain: +60.79%
The company announced that NASA has awarded it a Near Space Network contract to provide communication and navigation services for missions in the near space region, which extends from Earth's surface to beyond the Moon. This contract falls under Subcategory 2.2, Geostationary Orbit to Cislunar Relay Services, and is a new Firm-Fixed-Price, Multiple Award, Indefinite-Delivery/Indefinite-Quantity Task Order Contract. Benzinga reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

FDX: FedEx
1Q 2025
After Market Close
Estimate: 4.830
Actual: N/A

LEN: Lennar
3Q 2024
After Market Close
Estimate: 3.630
Actual: N/A

MLKN: MillerKnoll
1Q 2025
After Market Close
Estimate: 0.400
Actual: N/A

Time (ET) / Report / Period

8:30 am - Initial jobless claims - September 14
8:30 am - Philadelphia Fed manufacturing survey - September
10:00 am - Existing home sales - August
10:00 am - U.S. leading economic indicators - August

“In the long run, investing is not about markets at all. Investing is about enjoying the returns earned by businesses.”

― John C. BogleSourced in:
“The Little Book of Common Sense Investing”, by John C. Bogle, published in 2007