Apple, Alibaba, PayPal and Amazon: 3 Stories In Focus

EU regulators warned Apple (AAPL) to open up its iPhone operating system — iOS — to rivals or face antitrust fines.

Chinese e-commerce giant Alibaba (BABA) is launching over 100 AI models and tools to better compete in the generative AI landscape.

In a new partnership, PayPal (PYPL) is offering Amazon Prime (AMZN) customers the chance to use the online payment platform when buying from third-party merchants on Amazon.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Luke Carberry Mogan.

Video transcript

We're taking a closer look at Yahoo Finance's trending tickers.

We've got three names to watch this morning.

We've got Apple, Alibaba and paypal and we're doing it in 30 seconds or less each.

So let's take a look at Apple.

A APL is the ticker symbol.

Let's light it up.

It's up by about 3% 2.9% to be exact there.

They got a warning from the Eu to open its iphone operating system to rivals allowing Apple products to be fully functional with other technologies or face fines under digital antitrust rules here.

Uh They said within this statement here that today is the first time that we use specification proceedings under the D MA to guide Apple towards effective compliance with interoperability obligations.

All right, let's switch over to Alibaba, the Chinese e commerce giant launching more than 100 open source A I models and text to video tools.

This is substantial here.

You can see the excitement on the street.

The stock have been up just about 4% now, up about 3.5%.

So once again, they're intensifying their efforts, trying their best they can to compete within the generative A I space, this open source model, it's more than 100 it's coming to Alibaba's Quinn two and 2.5 family.

That's the latest foundational large language model that was released back in May.

Many of the Chinese technology companies like like some of their US counterparts, they've been investing heavily within the generative A I space now for quite some time.

So Alibaba here its play, hoping it's going to help their business down the line.

And finally, let's talk a little paypal here.

Teaming up with Amazon.

Prime shoppers can now use paypal to buy certain products here.

Shares of paypal moving up on this.

You'll remember, of course, paypal had hinged a lot of its business early days, post spin off from ebay on the partnership with ebay.

And so now as you're looking at across where some of the opportunities have emerged for them to create more partnerships as some of the reliance has moved away from ebay here, paypal looking to go straight to the largest um online commerce platform in Amazon to make sure that they are able to offer this to uh prime subscribers.

I am not one of which as of right now, well documented.