Apple’s $113 Billion Problem & The BOE’s Quick Pivot

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Regulators on both sides of the Atlantic are training their eyes on Apple Inc., unnerving investors with fears over fines and threatening its market dominance. Shares of the company slid 4.1% Thursday, erasing about $113 billion in market value and taking their year-to-date loss back to 11%. (2) The Bank of England has laid the groundwork for a shift to rate cuts after one of the sharpest turnarounds in guidance in recent memory, with data releases, investor bets and the UK's political calendar pointing to June for the first move. (3) Chinese authorities are examining the role of PWC in Evergrande's accounting practices after the developer was accused of a $78 billion fraud, ramping up pressure on the global accounting giant that audited a slew of developers before the sector's meltdown. (4) Carles Puigdemont, the Catalan separatist who led a failed attempt to break away from Spain, is bidding to make a return as regional president. (5) A top Israeli official said his country's military is ultimately going to invade the southern Gaza city of Rafah and defeat Hamas "even if the entire world turns on Israel, including the United States." See omnystudio.com/listener for privacy information.