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  • 2 days ago
Apple is negotiating urgently with EU regulators to avoid escalating fines for breaching the Digital Markets Act (DMA). The company was previously fined €500 million and faces additional penalties—potentially up to 5% of daily global revenue—if it fails to comply by Thursday. Talks focus on Apple’s “steering” rules, which limit developers from directing users to external offers, and its controversial “Core Technology Fee” charged after 1 million annual installs. Apple is expected to offer concessions that could delay further penalties while regulators assess changes. The dispute unfolds amid broader EU-U.S. trade tensions and scrutiny of Big Tech.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Apple is in urgent negotiations with EU regulators to avoid escalating fines for breaching the Digital Markets Act.
00:08The company was previously fined 500 million euro and faces additional penalties,
00:13potentially up to 5% of daily global revenue.
00:15It fails to comply by Thursday.
00:17Talks focus on Apple's steering rules, which limit developers for directing users to external offers,
00:22and its controversial core technology fee, charging after 1 million annual installs.
00:27Apple is expected to offer concessions that could delay further penalties, while regulators assess changes.
00:32The dispute unfolds in wider EU-US trade tensions and scrutiny of big tech.
00:37For all things money, visit Benzinga.com.

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