Apple faces steep tariffs ...Middle East

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Technology

 

Apple expects to face $1.1 billion in tariff-related costs next quarter on top of $800 million from the prior three months.

© Alberto Pezzali, Associated Press

How policy will be impacting the tech sector now and in the future:

 

A federal jury on Friday found Elon Musk’s Tesla partially liable for a fatal 2019 crash involving the electric vehicle maker’s autopilot system.  The Miami jury determined Tesla was 33 percent responsible for the crash and ordered the company to pay several million dollars in damages. The family of Naibel Benavides sued the EV maker over the crash that resulted in the 22-year-old’s death, alleging the company’s …

Astronauts launch to the space station after sidelined by Boeing's troubled Starliner

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News we've flagged from the intersection of tech and other topics:

Palantir gets $10 billion contract from U.S. Army (Washington Post) OpenAI raises $8.3 billion in latest funding round (New York Times)

 

SEC launches Project Crypto

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