Latest / MAG 7 Daily / Ep 1: U.S. government files brief urging Supreme Court to reverse Apple contempt ruling in Epic…

Transcript

Ep 1: U.S. government files brief urging Supreme Court to reverse Apple contempt ruling in Epic… · MAG 7 Daily

• 0:00
  U.S. Welcome to the very first episode of MAG 7 Daily. Today is September 23, 2026. U.S. Government
• 0:07
  files brief, urging Supreme Court to reverse Apple contempt ruling in epic case. This show covers
• 0:14
  seven companies that together move the market because they share suppliers, regulators, and major investment
• 0:20
  bets. Alphabet, Amazon, Apple, meta, Microsoft, Nvidia, and Tesla form one desk for daily results,
• 0:28
  guidance, capital moves, products shipped, regulation and deals. Tesla products, self-driving
• 0:34
  software and energy business sit with the sister show Tesla Short's time. Stock picks
• 0:40
  and portfolio strategy belong to modern investing techniques. Every price here is a regular
• 0:45
  session close. The format runs the closes first, then the news items, one thread that connects
• 0:51
  several companies, and the calendar. The goal is focused coverage of these seven without
• 0:56
  the noise of wider outlets. Alphabet closed at $354.97 up 1.6% on September 21. Amazon closed
• 1:07
  at $258.45 up 1.9% on September 21. Apple closed at $338.98 up 0.8% on September 21.
• 1:20
  Meta closed at $741.25, up 11.4% on September 21. Microsoft closed at $501.61, up 1.6% on
• 1:33
  September 21. Nvidia closed at $227.38, up 2.3% on September 21. Tesla closed at $375.30,
• 1:45
  cents, up 3% on September 21.
• 1:49
  The US government and several legal and business groups filed briefs with the Supreme Court
• 1:53
  urging reversal of at least part of the civil contempt ruling against Apple in the Epic
• 1:58
  Games lawsuit.
• 2:00
  The District Court held Apple in contempt after the company allowed external purchase links
• 2:05
  yet imposed a 27% commission on those transactions.
• 2:09
  Apple has since removed the commission entirely.
• 2:11
  The company maintains that the original injunction text did not prohibit charging a commission
• 2:16
  and that lower courts improperly relied on the spirit of the order rather than its wording.
• 2:23
  The injunction states that Apple is permanently restrained from prohibiting developers from
• 2:27
  including buttons, external links, or other calls to action that direct customers to purchasing
• 2:33
  mechanisms outside in app purchasing.
• 2:35
  The Supreme Court agreed in late June to hear Apple's argument on this point.
• 2:41
  Google partnered with the Gates Foundation to direct $100 million toward organizations
• 2:46
  that scale AI-powered climate and crop insights.
• 2:50
  The program targets 200 million smallholder farmers in Sub-Saharan Africa and South Asia,
• 2:57
  and increase from the current 50 million reached.
• 2:59
  Smallholder farmers produce nearly 35% of the world's food across more than 500 million
• 3:06
  farms, yet often lack access to satellite data, financial services, and public support
• 3:12
  needed for unpredictable weather.
• 3:14
  The combined funding includes dedicated technical support from Google researchers to deploy real-time
• 3:20
  climate, agricultural, and language AI tools.
• 3:23
  Microsoft leaders told sales staff this week that the company is authorizing 30-50% discounts
• 3:30
  on copilot AI software subscriptions for corporate customers who commit to large numbers of seats
• 3:36
  and agree to additional payments based on usage of certain features. The steeper discounts apply
• 3:42
  when customers commit to specific feature usage levels. The company is simultaneously preparing an
• 3:48
  AI Super app for launch. Amazon introduced CloudWatch Omni, an AI-powered observability service for
• 3:55
  generative AI and agentic workloads. The service supports collaborative monitoring of applications
• 4:01
  and is designed for teams working with generative AI and agentic systems. Apple ceded the first
• 4:08
  Most public betas of iOS 27.2, iPad OS 27.2, Mac OS Golden Gate 27.2, TV OS 27.2.2,
• 4:20
  and Watch OS 27.2.
• 4:23
  The updates include a redesigned health app featuring insights and longevity tabs, along
• 4:28
  with a health age feature that compares fitness metrics to chronological age.
• 4:33
  New profile options appear in the Apple TV app.
• 4:36
  Siri AI now supports French, Japanese, Korean, Portuguese, and Spanish in addition to English.
• 4:43
  The builds match the second developer Betas released the previous day.
• 4:48
  Apple expanded tap-to-pay on iPhone to 8 additional Latin American countries supported
• 4:53
  by 6 regional payment platforms.
• 4:55
  The feature lets merchants accept contactless payments directly on iPhone without extra hardware.
• 5:01
  Meta is testing a human concierge service for its new personal AI agent Mews.
• 5:07
  The Commodity Futures Trading Commission extended its review of proposed futures contracts
• 5:12
  on NVIDIA GPU rental prices, delaying any launch past the targeted early October date
• 5:18
  and requiring broader industry comments on how the contracts would function.
• 5:23
  Google and the Gates Foundation are directing $100 million to scale AI climate and crop
• 5:29
  tools that already reach 50 million smallholder farmers and will expand to 200 million across
• 5:35
  sub-Saharan Africa and South Asia across the seven. Those farmers produced nearly 35% of
• 5:41
  global food on more than 500 million farms. Microsoft is simultaneously authorizing 30% to 50%
• 5:48
  discounts on co-pilot subscriptions tied to large seat commitments and usage-based payments
• 5:54
  while preparing an AI super app.
• 5:57
  Amazon introduced CloudWatch Omni,
• 6:00
  an AI-powered observability service built
• 6:02
  for generative AI and agentic workloads
• 6:05
  that enables collaborative monitoring across teams.
• 6:09
  Meta is testing a human concierge layer
• 6:11
  for its Muse personal AI agent
• 6:13
  to handle complex user requests.
• 6:16
  The Google Gates partnership adds dedicated technical support
• 6:19
  from Google researchers for real-time tools.
• 6:22
  Microsoft's discount structure requires customers to commit to additional payments based on usage of certain features.
• 6:29
  Amazon's service targets workloads that involve generative AI agents.
• 6:34
  Meta's concierge test focuses on its newest agent product.
• 6:39
  Alphabet reports on October 28.
• 6:41
  Amazon reports on October 29. Apple reports on October 29.
• 6:46
  Before we go, watch the October 21 Tesla report for any capital or guidance shifts.
• 6:52
  That's mag 7 daily for today.
• 6:55
  Nothing in this show is financial advice.
• 6:57
  I'm Patrick and Vancouver, see you tomorrow.
• 7:00
  This episode used AI voice synthesis of my voice.
• 7:04
  Editorial selection and analysis are my own.