Morning news brief
Secretary of State Blinken is in Israel on Friday. Truth Social seeks to merge with a little known public company. Some other GOP-led states are taking a note from Texas when it comes to immigration.
Business
The U.S. sues Apple, saying it abuses its power to monopolize the smartphone market
The federal government accuses Apple of using its monopoly power to stomp out competitors and keep customers from switching phones.
Reddit stock starts trading 38% above initial public offering price
Reddit, the San Francisco social media site that describes itself as "the front page of the internet," is debuting as a public stock on Thursday.
DOJ files lawsuit against Apple, accusing tech giant of abusing power as a monopoly
The Department of Justice and 16 states have filed a lawsuit against Apple, accusing the company of abusing its power as a monopoly to edge out rivals and ensure customers keep using its products.
More than 440,000 Starbucks mugs recalled after reports of a dozen injuries
The holiday-inspired mugs were sold online and in stores such as Target and Walmart from November 2023 through January 2024. The injuries included severe burns, blisters and cuts on hands and fingers.
Senators push to declassify TikTok intel and hold a public hearing ahead of ban vote
Senators who attended a classified intelligence briefing focused on TikTok's influence say the public should get the same information. There's bipartisan support for a vote on a House bill on the app.
New vehicle emission rules are meant to quicken the change to electric vehicles
The EPA has finalized new vehicle emissions standards to dramatically speed up adoption of electric vehicles over the next decade. It's part of the White House effort to fight climate change.
Fed policymakers signal they still expect to start cutting rates later this year
The Federal Reserve is holding interest rates steady for now. What does that mean for mortgage rates and the housing market?
Reddit IPO: Why does Reddit want to become a public company?
The popular social media site Reddit lists as a stock on the New York Stock Exchange Thursday. Its ticker symbol? RDDT. Reddit plans to reward its users by setting aside some stock for them.
Morning news brief
EPA finalizes strict new limits on tailpipe emissions. Alabama's governor signs ban on DEI funds that restricts divisive concepts in schools. Reddit premieres on the New York Stock Exchange Thursday.