Feb 12, 2019

Apple said to be launching subscription services at March 25 event

Apple CEO Tim Cook. Photo: Stephanie Keith/Getty Images

Apple plans to launch its subscription services at a March 25 event at its company headquarters, per BuzzFeed. However, the Wall Street Journal reports that Apple is still having trouble getting large newspapers to sign on for a planned paid component of Apple News.

Why it matters: As iPhone sales growth has slowed, Apple has been looking to services to help boost sales. It has made several moves in the space, including big video content deals with Oprah and others and the purchase of Texture, a sort of "Netflix for magazines."

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#MeToo gets Weinstein

A man carries out Weinstein's walker. Photo: Johannes Eisele/AFP/Getty Images

Hollywood titan Harvey Weinstein is now a convicted rapist, two years and four months after accusations against him helped ignite the #MeToo movement.

Why it matters: To date, #MeToo has resulted in hundreds of powerful men losing their jobs. Seven have been criminally convicted, with four others still facing charges.

JPMorgan Chase to pull support for some fossil fuels

Illustration: Sarah Grillo/Axios

JPMorgan Chase said Monday that it won’t directly finance new oil and gas development in the Arctic and will significantly curtail its financing of the extraction and burning of coal.

Why it matters: JPMorgan is the world’s largest funder of fossil-fuel companies, according to a report by the Rainforest Action Network (RAN). The announcement follows similar moves by other big banks and investment firms, including Goldman Sachs and BlackRock.