Business News – 05-03-2021

Apple Defends App Store in Epic Games Lawsuit

  • Epic Games argued that Apple purposely locks in its customers in the first day of a landmark trial with Apple over the rules of the App Store
  • Apple is arguing that it built the App Store and gets to set the rules — which are designed to ensure that apps are high quality and secure
  • On Monday, Apple’s and Epic’s lawyers both made their opening statements, and Epic Games founder and CEO Tim Sweeney testified
  • Epic is looking to force Apple to open up iPhone software distribution so it could use its own payment processor, bypassing Apple’s customary 30% fee on digital goods
  • On Monday, Apple’s and Epic’s lawyers both made their opening statements, and Epic Games founder and CEO Tim Sweeney testified and the trial is expected to last three weeks

After Elon Musk and Mark Cuban Tweets, Dogecoin Surges In price

  • Dogecoin’s price has soared 20% in the last 24 hours to 32 cents, according to data from Coin Metrics
  • Elon Musk and Mark Cuban have both made tweets supporting the meme-inspired cryptocurrency
  • The wild surge has led to warnings from some investors who view it as a speculative bubble
  • On April 27, Elon Musk tweeted, “The Dogefather; SNL May 8”
  • On April 26, Mark Cuban tweeted, “ Because Doge is the one coin that people actually use for transactions.  We take many others via @BitPay . But people spend their Doge and that means more businesses will start taking it. The greatest inhibitor to it’s growth is that you can’t spend the Doge you buy on Robinhood” 

Global Covid Fight At Risk Due To Trouble In India

  • “India is a big country, and if there are large outbreaks there, of course we’re going to worry about more variants,” said Dr. Ashish Jha
  • The Covid outbreak in India is putting the rest of the world at risk and is leaving a “humanitarian catastrophe” in its wake, the dean of Brown University’s School of Public Health warned
  • The White House pledged to send more than $100 million worth of medical supplies to India as the country breaks global infection records on a near-daily basis
  • The country recorded more than 300,000 new cases for 12 straight days, but experts fear the real numbers could be much higher
  • Data shows that only about 2% of India’s population is fully vaccinated against Covid

Lydall Conducts New Air Filter System On Mars With NASA Rover

  • Lydall CEO Sara Greenstein told CNBC the filtration products company is supplying a system for NASA’s exploration program on Mars in hopes of making human travel to the planet safe
  • According to Lydall CEO Sara Greenstein, The federal government contracted to help replenish the U.S. stockpile of personal protection equipment, supply the National Aeronautics and Space Administration with HEPA-grade filtration media to be used to produce oxygen on Mars
  • The rover is equipped with filtration media made by Lydall, which is studying ways to convert carbon dioxide into oxygen that can be useful for human travel to the red planet

By K Buenavista

Mr. Buenavista is a writer that specializes in breaking down complex topics into easy to understand formats that appeal to a wide range of news seeking readers, without missing the important details. He handles a majority of the daily news reporting at Easy-Ad, and has written on many other websites. He resides in Southern California.