May 30, 2019

Apple's App Store competition chart protests too much

Screenshot from Apple.com

Facing antitrust complaints from Spotify and others, Apple published a chart aiming to show all the ways in which its homegrown apps face competition.

Why it matters: Apple hopes the chart — and new website — will help convince regulators and others that its App Store offers a fair and level playing field. The company touts the many apps it says compete with the iPhone's calendar, camera, browser and other built-in apps.

Yes, but: Critics point out that the same chart also shows just how tough it is for those looking to compete with Apple head-on. In many cases, for example, users can't change the default from Apple's app to a rival.

  • In particular, arguing there's competition in the mobile browser realm strikes people as a stretch, since Apple won't let rivals use their own browsing engine, as former Apple engineer Nick Shearer pointed out.

The big picture: The Supreme Court recently allowed a suit by customers charging the App Store with monopolistic practices to move forward.

Go deeper: Apple's growing antitrust problem

Go deeper

Peter Navarro defends hydroxychloroquine use in heated CNN interview

White House economic adviser Peter Navarro defended the use of anti-malarial drug hydroxychloroquine to treat coronavirus during a CNN interview Monday, highlighting "the possibility" that it has therapeutic efficacy.

Why it matters: Navarro did not deny reporting from Axios' Jonathan Swan that he got into a heated exchange in the White House Situation Room over the weekend with infectious disease expert Dr. Anthony Fauci about the drug's prospects against the illness.

Special report: Health care workers vs. coronavirus

Photo Illustration: Sarah Grillo/Axios. Photos: Angela Weiss/AFP via Getty Images, Bruce Bennett/Getty Images, and Europa Press News/Europa Press via Getty Images

Health care workers are at an especially high risk of catching the coronavirus, because of their prolonged exposure to patients who have it. Making matters worse, the U.S. doesn't have enough of the protective equipment, like masks and gloves, that keeps them safe.

  • And yet these workers, with loved ones of their own, keep showing up at hospitals across the country, knowing that more Americans than they can possibly care for are depending on them.
Go deeperArrow51 mins ago - Health

Backed by the Fed, bond investors get bullish

Illustration: Sarah Grillo/Axios

The Fed's massive injections of liquidity have reopened much of the bond market, and after back-to-back weeks in which more than $100 billion flowed out of bond funds, investors have regained their bearings and now see opportunity.

What's happening: But after the hemorrhaging outflows relented last week, bulls may now be sticking their heads out a bit too far. Junk bond funds took in more than $7 billion for the week ended April 1, according to Refinitiv Lipper, setting a new weekly record.