Apple & Amazon UK face revived $383 million price fixing lawsuit

A judge ruled that a class action lawsuit against Apple Inc. by banks and credit unions can proceed. The plaintiffs allege Apple's exclusion of competing wallets from iPhones has cost them up to $1 billion yearly in fees. Apple charges 0.15% for credit card payments and $0.005 for debit transactions. The case, filed in 2022, seeks fee refunds and practice changes. Apple did not comment.

A California jury awarded Taction Technology $5.7 billion in damages for Apple's infringement of two patents related to haptic feedback systems used in iPhones and Apple Watches. The jury found Apple infringed the patents but did not deem the conduct willful. Apple plans to appeal, stating it does not use Taction's technology and disputes the verdict.

Burford Capital claims a $1.4 billion share from a $5.7 billion verdict against Apple for patent infringement. The amount may change in post-trial proceedings. Apple plans to appeal. Burford's stock rose 12% Monday.

President Trump's investments totaled $2.5B for the week, with $2.2B (89%) from Hanwha Defense for a munitions campus. Other investors included Amazon ($100M), Bank of America ($150M), and GKN Aerospace ($16M). The week's focus on defense contrasts with broader tech and AI investments in the White House portfolio.

A London-listed litigation funder may receive a $5.7 billion payout after a jury ruled that Apple used patented technology from a local company in its iPhone products, according to the article.

Analysts upgraded IBM and Uber, citing improved growth and valuation, while downgrading Apple and Harley-Davidson. The changes reflect revised expectations for these companies.