Apple’s partnership with OpenAI has reportedly become strained, with OpenAI preparing potential legal action. The dispute centers on alleged shortfalls in Apple’s delivery of commercial and integration commitments under a multi year agreement. The tension is emerging as Apple expands its AI offerings and opens its ecosystem to additional third party AI providers. For investors following Apple, Nas...
Apple’s partnership with OpenAI has reportedly become strained, with OpenAI preparing potential legal action. The dispute centers on alleged shortfalls in Apple’s delivery of commercial and integration commitments under a multi year agreement. The tension is emerging as Apple expands its AI offerings and opens its ecosystem to additional third party AI providers. For investors following Apple, NasdaqGS:AAPL, the dispute lands at a time when the stock is trading around $298.21 and has...
Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. Bond markets have spoken about the prospect of Andy Burnham challenging Keir Starmer’s leadership. The Manchester mayor may be one of Labour’s most popular politicians, but the Square Mile is less enthused. Gilts slumped at open , underperforming European peers, while sterling...
Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. Bond markets have spoken about the prospect of Andy Burnham challenging Keir Starmer’s leadership. The Manchester mayor may be one of Labour’s most popular politicians, but the Square Mile is less enthused. Gilts slumped at open , underperforming European peers, while sterling continued its overnight tumble . It’s worth noting there’s more at play than purely politics, as my colleague Kit writes below. The worry is that a more left-leaning, spendthrift leader like Burnham would become PM if Starmer is ousted. An increase in spending would boost the issuance of new debt. This all follows MP Josh Simons stepping aside last night, leaving the path open for Burnham to fight for his seat in a by-election (if he’s given permission). Bloomberg Intelligence argues that the combination of a weaker pound and higher bond yields will be a near-term drag on Britain’s economy. As Bloomberg Opinion’s Martin Ivens writes , Starmer has one last gambit — and it’s Project Fear. What’s your take? Ping me on X , LinkedIn or drop me an email at lmoon13@bloomberg.net. Oh, and do subscribe to Bloomberg.com for unlimited access to trusted business journalism on the UK, and beyond. What We’re Watching Centrica ’s British Gas agreed to pay regulator Ofgem £20 million after an investigation found it fell short in protecting vulnerable customers when installing pre-payment meters without their consent. The energy supplier will also pay compensation to the customers and write off up to £70 million of energy debt built up by those affected. Centrica shares dropped. Student dorm landlord Unite is continuing to ramp up disposals to create a “higher-quality portfolio” and release capital partly for buybacks. Reservations are slightly lower than this time last year, as expected. Shares fell, having shed more than 40% over the past year. The government has given planning permissio...