How To Act On Elon's "Parting Gift"

Before Elon Musk left Washington, he worked on a massive project (not DOGE) that could trigger a financial shock. By July 22, this under-the-radar move could redirect trillions and send a very particular type of stock soaring.

Judge allows antitrust lawsuit against Apple to proceed

MICHAEL LIEDTKE
June 30, 2025

A federal judge on Monday rebuffed Apple's request to throw out a U.S. government lawsuit alleging the technology trendsetter has built a maze of illegal barriers to protect the iPhone from competition and fatten its profit margins.

The 33--page opinion from U.S. District Judge Xavier Neals in New Jersey will enable an antitrust lawsuit that the U.S. Justice Department filed against Apple 15 months ago to proceed. Neals has set a timetable that could see the case come to trial in 2027.

Apple has sought to dismiss the lawsuit, arguing the Justice Department had distorted the contours of the smartphone market and made a series of other misinterpretations that warranted the case be thrown out.

But Neals decided there is enough evidence to support the Justice Department's market definitions and concluded the case's key allegations merited further examination at trial.

The case seeks to pierce the digital fortress that Apple Inc., based in Cupertino, California, has built around the iPhone, iPad and other products to create a so-called "walled garden" allowing its hardware and software to mesh seamlessly for users.

The Justice Department alleges that walled garden has mostly turned into a shield against competition, creating market conditions that enable it to charge higher prices and stifle innovation.

The lawsuit "sets forth several allegations of technological barricades that constitute anticompetitive conduct," Neals wrote in his opinion. The judge also concluded the Justice Department had pointed toward enough areas of troubling conduct that raised the "dangerous possibility" that Apple has turned the iPhone into an illegal monopoly.

In a Monday statement, Apple reiterated its position that the Justice Department's case "is wrong on the facts and the law, and we will continue to vigorously fight it in court."

The antitrust lawsuit isn't the only legal headache threatening to undercut its profits, which totaled $94 billion on sales of $295 billion in its fiscal year ending last September.

Another federal judge in April issued a civil contempt order banning Apple from collecting any fees from in-app transactions on the iPhone that are funneled through other options besides its once-exclusive payment processing system that charged commissions ranging from 15% to 30%.

Apple also could lose a more than $20 billion annual payment that it gets for making Google the default search tool on the iPhone and other products as part of another antitrust case brought by the Justice Department. A federal judge in Washington D.C. is considering whether to ban the deals with Apple as part of a shake-up being proposed to address Google's illegal monopoly in searc h.

Neals' decision to allow the Justice Department's antitrust case to proceed came on the same day that Apple was hit with a lawsuit by app maker Proton amplifying the accusations of wrongful conduct by the company. The lawsuit, which will seek to be certified as a class action presenting thousands of developers who have made iPhone apps, is asking for punitive damages against Apple, as well as a court order to dismantle its walled garden.

.

Continue Reading...

Popular

Over 5.2 million pools sold across the U.S. and Canada are under recall after reports of nine deaths

NEW YORK (AP) — More than 5.2 million aboveground swimming pools sold across the U.S. and Canada over the last two decades are being recalled after nine drowning deaths were reported.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Cathie Wood's Ethereum Double-Down: Ark Bets $7.9 Million On ETH-Staking ETF Buy While Selling Coinbase At Highs

On Wednesday, Cathie Wood-led Ark Invest executed significant trades, including substantial purchases in Tempus AI Inc. (NASDAQ:TEM), NVIDIA Corp. (NASDAQ:NVDA), 3iQ Ether Stakin

Only Days Left to Claim Your Share of Trump's $100T Play - Ad

Trump's economic blueprint is about to go live, and the deadline is fast-approaching. A new federal plan could legally unlock $100 trillion in U.S. resources... and one $10 stock could lead the charge. Former hedge fund manager Whitney Tilson explains how to act now, before this hits the headlines.

Carney Faces Cross-Border Pressure Amid High-Stakes US Trade Talks

Carney faces growing criticism at home as Trump threatens steep tariffs amid tense Canada-U.S. trade negotiations.

Russia insists on achieving Ukraine goals despite Trump's ultimatum

Russia is open to peace with Ukraine, but achieving its goals remains a priority, Kremlin spokesman Dmitry Peskov said Sunday, days after U.S. President to agree to a ceasefire or .

Trump's $12 Trillion Trade War Nuke - Ad

If you thought the trade war was over... Think again. It looks like Trump is about to drop his final economic superweapon. It's got nothing to do with tariffs... But it could cause a $12 trillion market megashift... And those who are positioned in time could pocket once-in-a-lifetime gains.

Draganfly Stock Is Moving Higher Wednesday: What's Going On?

Dragonfly shares are trading higher Wednesday after the company announced its Cammander3 XL UAV has been selected by the Department of Defense for advanced operation initiatives.

Drone attacks on oil fields in Iraq's Kurdish region shut down another facility

BAGHDAD (AP) — Drones targeted Wednesday, the latest in a series of attacks in recent days that have put several oil facilities out of commission.

Back This Medical AI Tech - Ad

You don't often find healthcare tech company valued at $4M. HeartSciences is an exception. With $75M invested, including R&D, clinical trials, and product development, their patented AI software is approaching FDA submission, a potential major inflection point.

Elizabeth Warren Has The Receipts: 'Bribery In Plain Sight' Funding Trump's Library

Several companies have donated to President Donald Trump's future presidential library. Senator Elizabeth Warren calls this potential "bribery in plain sight."

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the July 1st funding window closes.

Indigenous Wampis are ambushed in Peru after government backs out of anti-mining joint patrol

BOGOTA, Colombia (AP) — An attack by armed assailants on a patrol of a mission by the guards last week in the Peruvian Amazon has again brought into focus the issue of .

Faced with geopolitics and trade war, US companies in China report record-low new investment plans

WASHINGTON (AP) — American companies in China are reporting record-low new investment plans for this year and declining confidence in profits, while uncertainty in U.S.-China relations and President Donald Trump’s tariffs have become their top concerns, according to a business survey released Wednesday.

Leaked Memo Points to $100 Trillion Wealth Transfer Starting Soon - Ad

The U.S. Department of the Interior's internal memo has leaked ... and the contents are shocking. A federally backed resource monetization plan may soon go live, and it could trigger a new gold rush into select energy and mineral stocks. Investing legend Whitney Tilson breaks it all down inside.

Ohio awards $310 million to US defense contractor for 4,000-worker advanced manufacturing facility

COLUMBUS, Ohio (AP) — Defense contractor Anduril Industries has been awarded a $310 million grant from Ohio's job creation office, as the company prepares to build a massive advanced manufacturing facility near Columbus.

Tesla Rival Xiaomi Wants To Sell Cars Internationally Starting 2027, CEO Lei Jun Says

Xiaomi plans to sell its electric vehicles overseas as SU7 and YU7 models gather steam in the Chinese domestic market.

Trump-Backed Move Could Boost Social Security by 400% - Ad

A bold initiative tied to President Trump's Executive Order #14196 could be the key to saving Social Security - and increasing benefits by up to 400%, according to respected investor Louis Navellier. This could be a turning point for hardworking Americans who've paid into the system and deserve more in return.

President Trump announces trade deal with Vietnam that will let US goods into the country duty-free

WASHINGTON (AP) — President Donald Trump announced a trade deal with Vietnam Wednesday that would allow U.S. goods to enter the country duty-free.

Elizabeth Warren Says GOP Chose Trump Over American People, Slams 'Big Beautiful Bill' For Potentially Ushering Health Care Cuts, Price Hikes

Sen. Elizabeth Warren (D-Mass.) and former Treasury Secretary Lawrence Summers are voicing their concerns on the provisions of the recently passed "One Big, Beautiful Bill," warning of significant consequences for working American families.

FDA Submission Expected This Summer - Invest Before It Happens - Ad

This company is making heart disease easier to detect with AI. Their tech has officially been designated a "Breakthrough" by the FDA. You now have an opportunity to get in at a potential inflection point.

Bitrue Backs Politically-Linked Stablecoin USD1 Despite Expected Pushback Over Trump Ties

Crypto exchange Bitrue on Thursday rolled out USD1, a stablecoin backed by World Liberty Financial and closely associated with the Trump family, as a base trading currency.

Charles Schwab To Launch Bitcoin, Ethereum Trading Services

Charles Schwab (NYSE:SCHW), one of the largest brokerage firms in the United States, has confirmed plans to launch Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO:

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd.

Elon Musk's Grok Became 'Vile' And 'Insane' After MAGA Pivot, Says Economist Paul Krugman

Economist Paul Krugman believes that Elon Musk's Grok AI chatbot became "MechaHitler" because the latter tried to make the AI less "politically correct."

How To Act On Elon's "Parting Gift" - Ad

Before Elon Musk left Washington, he worked on a massive project (not DOGE) that could trigger a financial shock. By July 22, this under-the-radar move could redirect trillions and send a very particular type of stock soaring.

ASML Rises 1.1% After Key Trading Signal

A significant trading signal occurred for ASML Holding stock as it demonstrated a power inflow at $817.45, after which ASML rose up to 1.1%.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Boeing Wins $2.8 Billion US Space Force Contract To Build Nuclear-Resilient Satellites For Strategic Communications

The Boeing Co. has secured a $2.8 billion contract from the U.S. Space Force to develop and produce strategic satellite communications systems, marking a significant win for the aerospace giant's defense portfolio.

Only Days Left to Claim Your Share of Trump's $100T Play - Ad

Trump's economic blueprint is about to go live, and the deadline is fast-approaching. A new federal plan could legally unlock $100 trillion in U.S. resources... and one $10 stock could lead the charge. Former hedge fund manager Whitney Tilson explains how to act now, before this hits the headlines.

Coldplay's jumbotron captures — what exactly? The internet has its theories

LONDON (AP) — It started out as a routine bit of fun at a Coldplay concert: Lead singer Chris Martin asked the cameras to scan the crowd for his “Jumbotron Song,” when he sings a few lines about the people the camera lands on.

What's Fueling ON Semiconductor's Recent Stock Surge?

ON Semiconductor has recently seen a significant surge, gaining over 47% in the last three months and outperforming the index's 34% rise, and it currently trades above its 50-day moving average of $47.56.

Trump's $12 Trillion Trade War Nuke - Ad

If you thought the trade war was over... Think again. It looks like Trump is about to drop his final economic superweapon. It's got nothing to do with tariffs... But it could cause a $12 trillion market megashift... And those who are positioned in time could pocket once-in-a-lifetime gains.

Dave Ramsey Says Real Estate Can Outperform Stocks, But Warned That Higer Returns 'Don't Come Free'

Dave Ramsey said real estate can outperform stocks with higher returns due to its imperfect market and multiple income streams, but warned it requires significantly more time, effort, and risk to manage effectively.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service