The fast-growing Chinese company, blocked by the Trump administration from working with Google, announced plans for its own mobile operating system. Source: NYT > Business – Raymond Zhong
Dear Walmart C.E.O.: You Have the Power to Curb Gun Violence. Do It.
Walmart, the country’s largest retailer and seller of guns, should use its vast economic leverage to force corporate America to confront shooting deaths. Source: NYT > Business – Andrew Ross Sorkin
Apple Reports Declining Profits and Slowing Growth, Again
The Silicon Valley behemoth said that its revenue rose slightly in the most recent quarter, but profits still fell as iPhone sales continued to decline. Source: NYT > Business – Jack Nicas
Your Next iPhone Might Be Made in Vietnam. Thank the Trade War.
Samsung already assembles half of its handsets in the country, which got a big lift from U.S. tariffs on Chinese goods. Now Apple is homing in. Source: NYT > Business – Raymond Zhong
Trump Escalates Feud With Apple and Threatens Tariffs on France
The president said his administration would not grant Apple’s request for relief from tariffs on computer parts made in China and suggested he could soon tax French wine. Source: NYT > Business – Jim Tankersley, Jack Nicas and Ana Swanson
Justice Department Opens Antitrust Review of Big Tech Companies
The agency said it would look into concerns about anticompetitive behavior by some of the industry’s biggest companies. Source: NYT > Business – Daisuke Wakabayashi, Katie Benner and Steve Lohr