Global Market developments include Chinese EV tariffs increasing 4x in the USA, Microsoft footing a $242-million bill on copyright infringement, and Apple workers voting to strike in Maryland.
Apple workers in Maryland vote to strike, Microsoft faces fine for patent infringement, Chinese EV prices rise, and healthcare companies double down on France.
Chinese EV tax hike
The US is set to quadruple tariffs on Chinese electric vehicles, posing a threat to national security as their operating systems could transmit sensitive information back to China.
Pfizer and AstraZeneca investment
Pfizer and AstraZeneca have announced plans to invest nearly $1 billion in France, with Pfizer investing $538.5 million to strengthen research and development, and AstraZeneca investing $388 million for Dunkirk.
McDonald’s plan
McDonald’s plans to introduce a $5 Meal Deal amid falling sales and a global boycott, aiming to attract customers amid a cost-of-living crisis.
Apple employees strike
Apple employees in Towson, Maryland have voted to authorize a potential strike, marking the first at a US Apple Store. The vote follows a year of negotiations with Apple management over work-life balance, scheduling, and wages.
Microsoft Faces $242M Payout
A federal jury in Delaware has ruled that Microsoft must compensate IPA Technologies $242 million for infringing on a patent held by IPA, stating that Microsoft’s Cortana virtual-assistant software breaches IPA’s patent rights in computer-communications software.
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