The iMac Pro, like all current Macs, is powered by Intel chips. Photo: Apple

Apple could switch to homegrown processors for its Mac line by 2020, supplanting Intel, Bloomberg reported on Monday.

Why it matters: Switching to its ARM-based line of chips would offer Apple the potential for cost savings, battery life improvement and increased similarity between Macs and iOS-based devices. However, it will have to overcome performance and compatibility challenges.

Intel declined to comment on the report. An Apple representative was not immediately available for comment.

Apple has a history of having its operating systems capable of running on more than one type of chip. For years before it switched to Intel, Apple developed OS X for the chips even as it continued to release Macs running on PowerPC processors.

Things are even closer today, with iOS and MacOS already being very similar despite running on different chips. Plus, Apple has been increasingly including ARM-based chips to handle some functions in the Mac, such as the Apple-made chip that powers the Touch Bar on the current MacBook Pro.

Last year, in a briefing with reporters, Apple executives said they had no plans for Macs powered solely by ARM-based processors.

But, but but: Apple is not known for talking about the future and it would be surprising if they weren't testing the viability of ARM-based Macs.

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Updated 2 hours ago - Politics & Policy

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Illustration: Aïda Amer/Axios

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Illustration: Lazaro Gamio/Axios

Goldman Sachs has agreed with the Department of Justice to pay over $2 billion for the bank's role in Malaysia's multi-billion dollar scandal at state fund 1MDB, Bloomberg first reported.

Why it matters: The settlement, expected to be announced within days, would allow Goldman Sachs to avoid a criminal conviction in the U.S. over the bribery and money laundering scandal that saw three of its former bankers banned for life from the banking industry by the Federal Reserve Board.

Trump threatens to post "60 Minutes" interview early after reportedly walking out

Trump speaks to reporters aboard Air Force One, Oct. 19. Photo: Mandel Ngan/AFP via Getty Images

President Trump tweeted on Tuesday that he was considering posting his interview with CBS' "60 Minutes" prior to airtime in order to show "what a FAKE and BIASED interview" it was, following reports that he abruptly ended the interview after 45 minutes of taping.

Why it matters: Trump has escalated his war on the media in the final stretch of his re-election campaign, calling a Reuters reporter a "criminal" this week for not reporting on corruption allegations about Hunter Biden and disparaging CNN as "dumb b*stards" for the network's ongoing coronavirus coverage.

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