Photo: Budrul Chukrut/SOPA Images/LightRocket via Getty Images

Apple on Wednesday became the first U.S. company to reach a $2 trillion valuation, AP reports.

The state of play: It comes only two years after it became the first to reach $1 trillion. Apple shares are up 60% this year despite factory shutdowns in China and slowed retail sales during the coronavirus pandemic, but its customer base remains fiercely loyal, allowing the company to drive major earnings.

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Ina Fried, author of Login
Updated Sep 15, 2020 - Technology

Apple updates Apple Watch and iPad models, adds fitness service

Screenshot: Axios via Apple.com

Apple on Tuesday unveiled new iPad and Apple Watch models, as well as a new fitness service and Apple One, which bundles the company's main services for one monthly price.

Context: Apple has launched new iPhones in September in the past, but production issues have flipped the script this year and the new smartphones are expected to be unveiled at a second event, likely next month.

TikTok's content-moderation time bomb

Illustration: Aïda Amer/Axios

When the dust finally clears from the fight over TikTok, whoever winds up running the burgeoning short-video-sharing service is likely to face a world of trouble trying to manage speech on it.

Why it matters: Facebook’s story already shows us how much can go wrong when online platforms beloved by passionate young users turn into public squares.

Ben Geman, author of Generate
36 mins ago - Energy & Environment

Zooming in on China's new energy plan

Illustration: Rebecca Zisser/Axios

Major climate news arrived on Tuesday when Chinese President Xi Jinping said China would aim for "carbon neutrality" by 2060 and a CO2 emissions peak before 2030.

Why it matters: China is by far the world's largest greenhouse gas emitter. So its success or failure at reining in planet-warming gases affects everyone's future.

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