{"id":160120,"date":"2023-06-13T08:00:00","date_gmt":"2023-06-13T00:00:00","guid":{"rendered":"https:\/\/www.mediaintel.asia\/?p=919777"},"modified":"2023-06-13T08:00:00","modified_gmt":"2023-06-13T00:00:00","slug":"apple-is-close-to-becoming-the-first-ever-3-trillion-company","status":"publish","type":"post","link":"https:\/\/www.chinalegalblog.com\/en\/2023\/06\/13\/apple-is-close-to-becoming-the-first-ever-3-trillion-company\/","title":{"rendered":"Apple is close to becoming the first-ever $3 trillion company"},"content":{"rendered":"
\"MediaIntel.Asia\"<\/a><\/div>\n

Good morning, Quartz readers!
\nHere\u2019s what you need to know
\nApple is close to reaching a $3 trillion market cap. The company\u2019s shares have been on a roll since unveiling the Vision Pro headset, scoring a new high.
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\nMicrosoft\u2019s purchase of Activision Blizzard is facing a new obstacle in the US. The Federal Trade Commission wants to block the $69 billion deal.
\nJPMorgan is settling with Jeffrey Epstein\u2019s victims. The world\u2019s largest bank was accused of turning a blind eye to the late sex offender\u2019s dealings.
\nSilvio Berlusconi has died. The former Italian prime minister shaped his country for decades to come\u2014and not for the better.
\nAI helped Paul McCartney create one last Beatles song. A software extrapolated John Lennon\u2019s voice from a demo to compose the band\u2019s last tune.
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\nFun fact: Montana\u2019s kids are suing for climate protections
\nSome of the plaintiffs of Held v Montana\u2014a lawsuit in the US state of Montana that \u200b\u200bdeals with the constitutional right to a \u201cclean and healthful environment\u201d\u2014are so young that they won\u2019t even testify during the trial. But most of the 16 youths, ranging in age from two to 18 at time of filing, are expected to testify this week in the first US trial of its kind. The case aims to establish a governmental duty to protect citizens from climate change, as it happened in the Netherlands.
\nNio reluctantly drives into the EV price wars
\nJoining China\u2019s electric vehicle price war wasn\u2019t on Nio\u2019s itinerary, but six price cuts from Tesla alone this year have made some detours unavoidable.
\nThe Chinese EV maker is trimming $4,200 from its price tags to rev up competition with Tesla, BYD, and others. It\u2019s also getting rid of its free battery swap program. But what is the third most attractive EV stock in China with a $13 billion valuation trying to fend off, exactly? Well, there are a few roadblocks:
\n😋 Luxury EV maker Lucid is hungry, and wants a slice of China\u2019s auto market
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\n🤑 Tesla has made its cars nearly 50% cheaper in China than they are in the US
\n😱 BYD, China\u2019s largest EV company, had some BIG profit growth last year\u2014like, 446%
\nOne big number: 30
\nThe number of people in the UK who will receive \u00a31,600 ($1,984) a month for the next two years as part of a universal basic income pilot
\nHow many pilots like this do we really need to prove giving away money works? Quartz\u2019s Tim Fernholz explains what these experiments can and can\u2019t teach us.
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\nQuartz most popular
\n🍕 New York City\u2019s food delivery workers will be the first in the country to get a minimum wage
\n⚡ The White House is trying to persuade Tesla to keep the US\u2019s EV charging standard alive
\n🚫 Toblerone maker Mondelez is facing a boycott in Nordic countries over its Russian business
\n👋🏾 Women are quitting India\u2019s biggest IT firm as it ends work-from-home
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\n🎯 Most companies\u2019 net-zero emission plans are largely meaningless
\n🎓 Even in countries where women are better educated, men earn more
\nSurprising discoveries
\nSuccessioncore is filling closets. Wearers of taupe suits and cashmere sweaters are all about that soft power.
\nA $3.4 million luxury Speedmaster watch was found to be fake. It looked real enough to fool its maker.
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\nA warmer planet is making plane rides much bumpier. Instances of severe turbulence are up 55% from 1979 to 2020 for North Atlantic trips.
\nAvoiding short-term indulgences doesn\u2019t make you happy or healthier in the long-term. In fact, giving into short-term desires\u2014strategically, that is\u2014may improve our wellbeing. In other words: eat the cake.
\nDon\u2019t throw away that creepy doll in your grandparents\u2019 basement. It could sell for $66,000 at an auction.
\nOur best wishes for a productive day. Send any news, comments, mauve blazers, and chocolate cake to talk@qz.com. Reader support makes Quartz available to all\u2014become a member. Today\u2019s Daily Brief was brought to you by Sofia Lotto Persio and Morgan Haefner.<\/p>\n

This data comes from MediaIntel.Asia's Media Intelligence and Media Monitoring Platform<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, Quartz readers!
\nHere\u2019s what you need to know
\nApple is close to reaching a $3 trillion market cap. The company\u2019s shares have been on a roll since unveiling the Vision Pro headset, scoring a new high.
\nAdvertisement
\nMicrosoft\u2019s purchase of …<\/p>\n","protected":false},"author":253,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[413,126,669,144,137,785,194,78,1332],"tags":[3686,1982,3472,1884,6389,10388,3574,10315,10339,10332,6944,3402,10351],"class_list":["post-160120","post","type-post","status-publish","format-standard","hentry","category-advertising","category-apple","category-bank","category-china","category-fraud","category-new-york","category-news-chinese-law","category-software","category-white-house","tag-boycott","tag-byd","tag-chinese","tag-climate-change","tag-electric-vehicle","tag-esg","tag-italy","tag-media-intelligence","tag-netherlands","tag-sanctions","tag-tesla","tag-united-kingdom","tag-war"],"_links":{"self":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/160120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/users\/253"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/comments?post=160120"}],"version-history":[{"count":1,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/160120\/revisions"}],"predecessor-version":[{"id":160121,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/160120\/revisions\/160121"}],"wp:attachment":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/media?parent=160120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/categories?post=160120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/tags?post=160120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}