SPOT250509C642500
- 7.49
- -7.15-48.84%
Spotify Technology Newsroom
Apple defends against the judge's ruling to prevent changes in app store payment rules.
Apple Inc. (AAPL) is urgently seeking to suspend the enforcement of Judge Rogers' injunction— which requires Apple to allow developers to add third-party payment links for in-app purchases. In a motion submitted to the Ninth Circuit Court, Apple claims that this "extreme intervention" in its App Store will cause "irreparable harm." Apple alleges that the ban issued last week (originating from the Epic Games antitrust case) exceeds reasonable limits, as it not only prohibits Apple from taking a cut of external transactions but also imposes requirements on the layout and wording of links in developers' apps. The company emphasizes that these have never been deemed illegal.
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Overnight news: U.S. stocks closed higher, Trump announced the 2026 budget plan, Bezos plans to sell $4.8 billion worth of Amazon stocks, Barclays and Goldman Sachs expect the Federal Reserve to lower interest rates in July.
To view more global financial News, please move to the 7×24 hour real-time financial news market close: the S&P index has set a record for the longest consecutive rise in 20 years, with market attention on data and trade negotiation prospects. On May 2, the top 20 trading volumes of US stocks: Apple fell 3.7%, and the Earnings Reports highlight tariff and growth concerns. On Friday, China Concept Stocks rose broadly, with Taiwan Semiconductor up 3.81% and Alibaba up 4.35%. This week, Brent crude oil plummeted 8.3%, and Crude Oil fell 7.5%. Spot Gold fell 2.4% this week, and the Philadelphia Gold and Silver Index cumulatively declined over 3.5%. European stocks rose for nine consecutive days, nearing recovery of losses since the announcement of US tariffs.
Express News | Loop Capital Maintains Hold on Spotify Technology, Raises Price Target to $550
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Express News | Spotify Shares Rise 4.8%; Co Says Apple Okays Its US App Update