Apple lost its court fight over a €13 billion ($14.4 billion) Irish tax bill. The EU’s Court of Justice in Luxembourg backed a landmark 2016 decision that Ireland broke state-aid law by giving the iPhone maker an unfair advantage. The court ruled on Tuesday that a lower court win for Apple should be overturned, because judges incorrectly decided that the commission’s regulators had made mistakes in their assessment. The same court backed a once-record €2.4 billion ($2.6 billion) EU fine for Google abusing its monopoly power to crush rival shopping services. The landmark 2017 decision found the US tech giant illegally leveraged its search-engine dominance to give a higher ranking to its own product listings.
Today’s guests: Grace Peters, JPMorgan; Pascal Soriot, Astrazeneca CEO
Chapters:
00:00:00 – Headlines & Market Check
00:01:02 – Apple, Google lost EU top court lawsuits
00:02:22 – The Pulse with Francine Lacqua
00:02:44 – Grace Peters, JPMorgan Private Bank
00:11:03 – EXCLUSIVE: Pascal Soriot, AstraZeneca CEO
00:24:05 – Headlines
00:24:50 – Trump, Harris prepare for first TV debate
00:27:41 – Apple, Google Lose EU Top court fights
00:29:01 – Apple unveils iPhone 16, new watches
00:32:19 – Bloomberg Opinion’s Parmy Olson on AI power players
00:36:46 – AI self-regulation vs. external regulation
00:40:02 – Ipem conference begins in Paris
00:43:51 – Chinese stocks on verge of five-year low
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More on Bloomberg Television and Markets
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