Welcome to another edition of The Under60 Daily - a brief rundown of the top happenings in the business world, compiled by hand to exclude the clutter and ensure you get up to speed in under a minute.
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[Legal] In the high-profile antitrust court battle that began on May 3rd, between Apple Inc. and “Fortnite” creator Epic Games Inc., the judge will grapple with a central question: how to define a market in the digital age. Epic is looking to force Apple to open up the iPhone software distribution to use its payment processor, bypassing Apple’s customary 30% fee on digital goods.
[Earnings] Pfizer Inc. said it expects its Covid-19 vaccine to generate about $26 billion in sales this year, a major increase from several months ago that reflects the shot’s growing role in the global vaccination campaign. Analysts said Pfizer’s Covid-19 quarterly vaccine sales exceeded expectations, a trend they say will continue the rest of the year.
[Streaming] Amazon.com Inc. will take over exclusive video rights for “Thursday Night Football” starting in the 2022-23 season, a year earlier than anticipated. In March, Amazon signed a 10-year deal with the NFL to stream 15 games per season on its Prime Video platform, paying roughly $1.2 billion a year for it.
[Commodity] A really hot housing market in the U.S. is pushing wood prices to new record prices. Sawmill owners such as Weyerhaeuser Co and Canfor Corp. stand to gain even fatter profits than the record earnings they reported for the first three months of 2021.
[EV] UK-based EV startup Arrival is working with Uber to develop an electric car that will be “purpose-built” for ride-hailing. Arrival plans to put the car into production in late 2023 and says it will not be exclusive to Uber.
Over60: The Verge
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