Friday's Fast Five: Week of 3.22
DOJ sues Apple over iPhone monopoly in landmark antitrust case (CNBC): The Justice Department sued Apple in an antitrust case, saying that the iPhone maker has a monopoly over the phone market that harmed consumers, developers, and rival companies. Apple’s ecosystem, from the Apple Watch to Apple Pay, supports that monopoly, prosecutors said. The challenge strikes at the core of Apple’s walled-garden model and comes as regulators worldwide scrutinize tech companies.
The Nightmare Start to Shohei Ohtani’s Dodgers Career (The Wall Street Journal): Hours after Wednesday’s game, reports emerged that Ippei Mizuhara, Ohtani’s longtime translator and business associate, had been fired by the Dodgers over his association with an illegal bookmaker who is currently under federal investigation. A bank account belonging to Ohtani was allegedly used to pay off debts of at least $4.5 million, according to ESPN and the Los Angeles Times. Attorneys for Ohtani said that he had been “the victim of a massive theft” and that they would be contacting law enforcement.
Why is Florida 'breaking up' with spring break? (BBC): What started as an escape for college swimmers has evolved into a debaucherous party. But after recent crackdowns, some Florida cities may be "breaking up" with the popular pastime.
A Mexican Drug Cartel’s New Target? Seniors and Their Timeshares (The New York Times): One of Mexico’s most violent criminal groups, Jalisco New Generation, runs call centers that offer to buy retirees’ vacation properties. Then, it empties its victims’ bank accounts.
Airline CEOs Seek Meeting With Boeing Directors to Address Production Problem (The Wall Street Journal): Boeing’s biggest U.S. customers are taking their frustrations directly to its board of directors. A group of airline chiefs recently requested a meeting with Boeing’s board to express concern over the Alaska Airlines accident and production problems that have upended the industry’s plans, people familiar with the matter said.