The Supreme Court has agreed to hear arguments on an antitrust case alleging that Apple created a monopoly with its App Store, which makes Apple the exclusive distributor of apps for the iPhone and takes a cut of app sale prices.

Bottom line: If Apple is found guilty of engaging in monopolistic behavior in what it charges developers to carry their apps in its App Store, Apple could be forced to pay out hundreds of millions of dollars to consumers purchasing the apps.

At issue: Apple charges developers a $99 annual fee to register their apps with the App store, in addition to a 30% commission on every app sale. A group of consumers that filed the original suit in 2011 claims those fees end up increasing app prices for consumers. A lower court found the developers did not have the legal standing to bring the class action lawsuit, but a judge later overturned that decision.

The bigger picture: Any case over claims that a U.S. tech giant is engaged in monopolistic behavior is bound to get a lot of attention these days. And the suit takes aim at the concept of "walled garden" ecosystems, has could impact just about every large tech company in some way.

Go deeper:

  • Supreme Court will hear Apple's appeal about iPhone App Store antitrust suit (AppleInsider)
  • The Supreme Court will hear an iOS App Store antitrust lawsuit (The Verge)
  • Apple Gets U.S. Supreme Court Review on iPhone App Fee Suit (Bloomberg)

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Former Louisville officer indicted on wanton endangerment in Breonna Taylor case

A memorial to Breonna Taylor in downtown Louisville, Kentucky on Sept. 23. Photo: Jeff Dean/AFP via Getty Images

A grand jury has indicted Brett Hankison, a Louisville police officer who entered Breonna Taylor's home in March and fired shots blindly, on three counts of wanton endangerment.

The state of play: None of the three officers involved in the botched drug raid will face charges related to the actual death of Taylor, such as homicide or manslaughter. The two other officers who fired shots, Jonathan Mattingly and Myles Cosgrove, were not charged at all. Hankison's bond was set at $15,000.

FDA chief vows agency will not accept political pressure on coronavirus vaccine

Food and Drug Administration Commissioner Stephen Hahn promised that "science will guide our decision" for a coronavirus vaccine at a Senate hearing on Wednesday.

Why it matters: More Americans are expressing doubt about a first-generation vaccine, despite President Trump's efforts to push an unrealistic timeline that conflicts with medical experts in his administration.

CEO confidence rises for the first time in over 2 years

Data: Business Roundtable; Chart: Naema Ahmed/Axios

A closely-watched CEO economic confidence index rose for the first time after declining for nine straight quarters, according to a survey of 150 chief executives of the biggest U.S. companies by trade group Business Roundtable.

Why it matters: The index, which still remains at a decade low, reflects corporate America's expectations for sales, hiring and spending — which plummeted amid uncertainty when the pandemic hit.

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