The Justice Department is poised to sue Apple as soon as Thursday for allegedly violating antitrust laws by blocking rivals from accessing hardware and software features of its iPhone, Bloomberg News reported on Wednesday.
The lawsuit, which is expected to be filed in federal court, escalates the Biden administration’s antitrust fights against most of the biggest technology companies in the US, the report said.
The casemarks the third time that the Justice Department has suedApplefor antitrust violations in the past 14 years, but is the first case accusing the iPhone maker of illegally maintaining its dominant position,the report added.
Appleand a DOJ spokesperson did not immediately respond to Reuters requests for comment.
Late in February, Bloomberg News had reported that Apple representatives met with Justice Department officials in a bid to persuade the agency not to file an antitrust suit against the iPhone maker.
Appleis also in the midst of an antitrust-related tussle with “Fortnite” videogame maker Epic Games.
Earlier in the day,Meta Platforms, Microsoft, Elon Musk’s X and Match GroupjoinedEpic Games’ protest thatApplehas failed to honor a court-ordered injunction governing payments in its lucrative App Store.
The technology giantsbehindsome of the most popular apps in the App Store saidApplewas in “clear violation” of the September 2021 injunction by making it difficult to steer consumers to cheaper means to pay for digital content.
Taking action against Big Tech has been one of the few ideas that Democrats and Republicans have agreed on. During the Trump administration, which ended in 2021, the Justice Department and FTCopened probesinto Google, Facebook,Appleand Amazon.
The Justice Department has sued Google twice – once under Donald Trump regarding its search business and a second time on advertising technology since President Biden took office. The FTC sued Facebook during the Trump administration and Biden’s FTC has pressed forward with the lawsuit.
Shares of the company were down 1.5% at $175.97 in extended trading.
US President Donald Trump has been awarded FIFA’s new peace prize at the draw for next year’s World Cup.
FIFA President Gianni Infantino presented Mr Trump with a large golden trophy – formed of hands holding the earth – and a gold medal, which he wore around his neck.
The certificate, which Mr Infantino handed over at Washington DC’s Kennedy Center on Friday, recognises the US president for his actions to “promote peace and unity around the world”.
World football’s governing body, which announced the annual award last month, said it would be given to “individuals who have taken exceptional and extraordinary actions for peace”.
Mr Trump said it was “truly one of the greatest honours of my life”.
He said: “We saved millions and millions of lives. The Congo is an example – over 10 million people killed. It was heading for another 10 million very quickly.”
Image: US President Donald Trump. Pics: Reuters
He also pointed to India and Pakistan, saying, “so many wars that we were able to end, in some cases a little before they started”.
Ahead of the draw, Mr Trump told reporters he did not care about the prize, but noted that he had “settled eight wars” in nearly 11 months in office.
The United States, along with Canada and Mexico, will host the tournament in 2026.
Mr Infantino, who has built up a strong relationship with the US president, backed him for the Nobel Peace Prize earlier this year.
“This is what we want from a leader – a leader that cares about the people,” Mr Infantino said of Mr Trump.
The FIFA leader said to Mr Trump, “this is your prize, this is your peace prize”.
Image: US President Donald Trump and FIFA President Gianni Infantino. Pic: Reuters
Mr Trump thanked his family, including his wife, first lady Melania Trump, and praised the leaders of the other two host nations – Canadian Prime Minister Mark Carney and Mexican President Claudia Sheinbaum – in his brief remarks.
Mr Infantino has often spoken about football as a unifier for the world, but the prize is a departure from the federation’s traditional focus on sport.
FIFA has described the prize as one that rewards “individuals who have taken exceptional and extraordinary actions for peace, and by doing so have united people across the world”.
The award comes during a week where Mr Trump’s administration has been under scrutiny for lethal strikes on alleged drug boats in the Caribbean and as Mr Trump hardens his rhetoric against immigrants.
The Nobel Peace Prize this year was eventually awarded to Venezuelan opposition leader Maria Corina Machado, who said shortly after receiving the prize that she was dedicating it in part to Mr Trump for “his decisive support of our cause”.
Amazon made plenty of news this week — from advances in the cloud business to questions about its partnership with the U.S. Postal Service — leaving investors with a lot to digest. The flurry of headlines comes at the end of a challenging year. The e-commerce and cloud giant’s stock is up 4.6%, compared to the broad market S & P 500’s 16.4%, and well behind all of its Magnificent Seven peers. Despite the company showing reaccelerating growth in AWS and enhancements to its dominant Prime e-commerce ecosystem, investors remain concerned that it is losing ground in the AI race and could face margin pressure from tariffs. We believe the company has turned a corner. “A better year is ahead as management continues to prove out its AI strategy and expand operating margins,” Jeff Marks, portfolio director for Club, wrote in a report on Thursday, highlighting stocks that are set up for a bounce back in 2026. Here’s how this week’s news fits into that investment thesis: Upbeat updates at cloud event News: During Amazon ‘s annual re:Invent 2025 conference in Las Vegas, Amazon Web Services CEO Matt Garman unveiled Trainium3 , the latest version of the company’s in-house custom chip. It delivers four times the compute performance, energy efficiency, and memory bandwidth of previous generations. AWS also announced that it is already working on Trainium4. The company also revealed a series of cloud products, including advanced AI-driven platforms and agents that help customers automate workloads. Our take: We were pleased to hear that AWS continues to innovate its chip offerings to diversify its reliance on Nvidia , the industry leader in graphics processing units (GPUs). However, most of the investor focus is on bringing data center capacity online. Amazon needs to buy more Nvidia chips to catch up in AI. Also, Jim Cramer interviewed AWS CEO Matt Garman on “Mad Money” earlier this week, who was upbeat about the future growth of the cloud business. USPS ties tested News: According to a Washington Post report, Amazon could sever its relationship with the USPS when its contract expires in October 2026. Amazon likely considered the move, as it already has a shadow postal service, Amazon Logistics, that handles billions of packages annually. By removing USPS as the middleman, Amazon would have complete financial and operational control. Amazon refuted the report . Our take: For years, the e-commerce and cloud giant invested billions of dollars to build a vast logistics network that is now delivering more packages in the U.S. than UPS and FedEx . It still uses the USPS for delivery of small, low-weight packages, especially those from third-party Amazon sellers. USPS is also helpful for “last-mile delivery” in difficult-to-serve geographic areas. If the company were to eliminate the Postal Service as a middleman, it could further reduce its cost to serve, thereby improving margins. Possible IPO payday News: Anthropic, the AI startup behind the Claude chatbot, is reportedly in talks to launch one of the biggest IPOs ever in early 2026, according to the Financial Times. Anthropic responded that it had no immediate plans for an IPO and instead is “keeping our options open,” Anthropic chief communications officer Sasha de Marigny said at an Axios event in New York City on Thursday. Our take: An Anthropic public offering could be a massive payday for Amazon, which has invested about $8 billion in Anthropic. As part of that investment, Anthropic partnered with AWS as its primary cloud provider and training partner to run its massive AI training and inference workloads. An Anthropic IPO would elevate the AI startup and thereby enhance AWS’s dominance as the best-in-class cloud provider. Ultra-fast grocery delivery News: Amazon said it is testing an ultra-fast delivery service for fresh groceries, everyday essentials, and popular items, available in as little as 30 minutes, starting in Seattle and Philadelphia. Amazon Prime members get discounted delivery fees starting at $3.99 per order, compared with $13.99 for non-Prime customers. Club take: Amazon has continued to expand into online grocery and essentials, as customers increasingly opt to shop for daily essentials with the online retailer. While the retail business comes with thin margins, Amazon continues to operate it with an eye on reducing its cost to serve, which should help improve margins over time. Amazon is already second in line as the top U.S. retailer, right behind Walmart in terms of U.S. online grocery sales. As it continues to make headway in the industry, Amazon should be able to capitalize on this significant growth opportunity, especially as it harnesses its advanced AI capabilities for optimal inventory placement and demand forecasting. (Jim Cramer’s Charitable Trust is long AMZN, NVDA. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. 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In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss Tesla allowing texting and driving on FSD v14, Trump killing CAFE’s MPG standard, an Aptera update, and more.
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