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Business Rundown: Apple Facing 'Stringent Regulations' Abroad

Business Rundown: Apple Facing 'Stringent Regulations' Abroad

Fox News5 hours ago

iPhone maker Apple found itself in the crosshairs of the EU's antitrust regulators this week. Now the company faces an ultimatum: comply with their rules for Big Tech or face serious fines.
FOX Business co-anchor of The Big Money Show Taylor Riggs speaks with Senior Tech Fellow at the Center for European Policy Analysis, Enrique, about the business conditions for big American tech companies in Europe, Apple's choices moving forward, and how the EU's stringent regulations have stifled innovation.
Photo Credit: AP
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Pure-Play Quantum in Focus: IONQ, QBTS Shine, RGTI a Wait-and-See
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Pure-Play Quantum in Focus: IONQ, QBTS Shine, RGTI a Wait-and-See

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One of IonQ's recent milestones is the $22 million sale of 50% compute capacity from its Forte Enterprise system to EPB Chattanooga, marking the industry's first commercial deployment that combines a quantum network and quantum computer. IonQ announced a series of strategic acquisitions to strengthen its technological edge — the $1.1 billion acquisition of Oxford Ionics (noted outside the earnings call) and the planned purchases of Lightsynq and Capella, which are expected to enhance capabilities in photonic interconnects, quantum repeaters and space-based quantum communication. The company also signed MOUs with Toyota Tsusho, Japan's AIST (G-QuAT division), and satellite tech firm Intellian to explore quantum key distribution in space. IonQ was also selected to participate in DARPA's Quantum Benchmarking Initiative, further validating its leadership in advancing measurable quantum performance. 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Its new Advantage2 system, featuring over 4,400 qubits, a 40% increase in energy scale, and enhanced 20-way qubit connectivity, showcased substantial performance gains. QBTS, a Zacks Rank #2 stock, is currently trading 20.5% below its 52-week high of $19.76. The Zacks Consensus Estimate for D-Wave's 2025 earnings implies a 72% improvement year over year. Image Source: Zacks Investment Research Rigetti Computing is advancing with its gate-based superconducting quantum architecture, prioritizing scalability and error correction. Key wins include selection for DARPA's Quantum Benchmarking Initiative and a $5.48 million AFOSR-led project to advance its ABAA chip fabrication technology. In the United Kingdom, Rigetti secured three Quantum Mission Pilot Awards focused on real-time quantum error correction with partners like Riverlane and NQCC. 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Grant Cardone Says You Don't Have To Be The Boss To Get Rich: 'You Gotta Find Somebody That Is Successful And Still Wants To Be Successful'
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Grant Cardone Says You Don't Have To Be The Boss To Get Rich: 'You Gotta Find Somebody That Is Successful And Still Wants To Be Successful'

Do you have to start your own business to be successful? Although some business owners become very successful, others end up shutting their doors after a few years. That's why Grant Cardone proposed another way to become rich. "You gotta find somebody that is successful and still wants to be successful," he said. Here's how you can use this advice to build long-term wealth. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can Cardone mentioned that you don't need 50 investments to become a billionaire. He said that Steve Jobs only had two investments. Pixar and NeXT were his two major investments before leaving Apple, and once he rejoined Apple (NASDAQ:AAPL), that's where he got most of his wealth. While diversifying your portfolio has benefits, there is the risk of over-diversification. Spreading your time and capital across too many investments can cause you to miss opportunities. Furthermore, you may spread your time too thin and end up with a bunch of slow-growing or declining income streams. Picking a few good investments instead of having 50 investments can accelerate wealth building if you pick the right investments. It's not a strategy for everyone, but if you know the person behind the company and the growth opportunities, it may be worth considering. Trending: Maximize saving for your retirement and cut down on taxes: . The leader plays a decisive role in the company's ability to tap into catalysts and provide long-term returns for patient investors. If you want to see what type of an impact a leader can have on a corporation's valuation, look no further than Tesla (NASDAQ:TSLA). People have been saying that it's overvalued for years. If Elon Musk wasn't leading Tesla, the stock would probably be a lot cheaper. Recently, Tesla stock jumped higher the moment Musk said he would move away from the White House's Department of Government Efficiency to focus fully on Tesla. These trends demonstrate how much value Tesla investors put into Musk's involvement with the company. Cardone suggested looking for leaders who still want to grow. He also recommended avoiding leaders who are complacent or are on the downswing of their mentioned having a friend who would have made him billions if Cardone dropped everything to work with him at an early stage of his startup. You don't have to drop everything and put all of your hopes into a single startup, but it demonstrates how much you can grow if you work with the right person when they are getting started with a new venture. Cardone then mentioned that Warren Buffett didn't start any businesses despite being worth billions. Berkshire Hathaway (NYSE:BRK, NYSE:BRK) has relied on strategic acquisitions and investments to generate compounding returns for patient investors. Buffett started one business – Buffett Partnership Ltd. – in 1956. However, he only put $100 of his money into it and received $105,000 from investors. Right from the beginning, Buffett used strategic leverage and acquisition to grow his empire. You don't always have to start a business and be the boss if you're surrounded by the right people and opportunities. Read Next: Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Grant Cardone Says You Don't Have To Be The Boss To Get Rich: 'You Gotta Find Somebody That Is Successful And Still Wants To Be Successful' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.

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Omnicom Network Achieves Record Number of Wins in 76-Year History Under Recently Appointed Global Leadership CANNES, France, June 20, 2025 /CNW/ -- DDB Worldwide, part of Omnicom, has once again claimed the prestigious title of Network of the Year at the 2025 Cannes Lions International Festival of Creativity. This marks the second time the network has secured the honor, following its historic first win in 2023. In a record-breaking year, DDB surpassed its 2023 award tally with a total of 112 Lions, further cementing its place at the forefront of the global creative industry. DDB's continued rise comes just one year into the leadership of Global CEO Alex Lubar and President & Global Chief Creative Officer, Chaka Sobhani. Since taking the reins, the duo has steered the network into a new era; one defined by tighter integration, emotionally-led creativity, and a sharpened focus on work that delivers both cultural impact and real business results. 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