Samsung Invests $1 Billion in KKR’s Helix AI Infrastructure 
OpenAI, Anthropic CEOs Summoned to Australia AI Inquiry 
Citigroup Expands Coinbase Partnership for Stablecoin Payments 
Strategy Buys 1,665 Bitcoin as BTC Holdings Reach 847,666 
OpenAI to Preview GPT-6 Cyber AI Model for Cybersecurity 
Asian Currencies Mixed as Yen Weakens, RBA Hike Looms 
Chainlink Launches CCIP 2.0 With Enhanced Cross-Chain Security 
Gold Plunges 4% as Treasury Yields Surge and Fed Rate Hike Bets Rise 
Asian Stocks Fall as Oil Surge, Bond Yields and AI Concerns Hit Markets 
RBA Set for September Rate Hike as Inflation Stays High 
Oil Surge Pressures Global Stocks as U.S.-Iran Truce Hopes Fade 
Vitalik Buterin Says Hegota Could Be Ethereum’s Last Conventional Fork 
Pepco Raises FY26 Earnings Outlook, Unveils €400 Million Buyback 
QNT Whales Move $10M to Exchanges After 400% Rally 
OpenAI Scraps GPT-6.1 Astra Launch Over Safety Concerns 
HUTCHMED, AstraZeneca Seek FDA Approval for Lung Cancer Combo 
Meta Found Liable in New Mexico Facebook Data Privacy Case 
Add as a preferred source on Google
Payment card issuers sued Apple Inc in a proposed class action for allegedly abusing its market power in mobile devices to thwart competition for its Apple Pay mobile wallet.
In contrast to manufacturers of Android-based devices, which allow customers to choose wallets like Google Pay and Samsung Pay, Apple "coerces" consumers who use its smartphones, smartwatches, and tablets into using its wallet for contactless payments.
Apple's anticompetitive behavior, according to the plaintiff, Iowa's Affinity Credit Union, requires the more than 4,000 banks and credit unions who utilize Apple Pay to pay at least $1 billion in additional fees each year for the privilege.
It also claimed that Apple's actions reduce the company's incentive to improve Apple Pay's functionality and make it more secure. Apple is situated in Cupertino, California.
Unspecified triple damages are sought in the action, along with an end to Apple's allegedly anticompetitive behavior.
According to the complaint, Apple charges issuers a 0.15 percent fee on credit transactions and a flat debit transaction cost of 0.5 cents when using Apple Pay, whereas competitors using Android don't.
