![]() ![]() The Pro models will also feature a 3 nanometer chip containing 19 billion transistors, and a graphics processing unit that Apple says is 20% faster than older models. ![]() The iPhone 15 Pro and Pro Max will both feature sides made of titanium, which is more durable than the aluminum used on older models. Prices for the iPhone 15 will start at $799, the same as the basic iPhone 14. USB-C charging is also coming to the second generation AirPods Pro, announced Tuesday. The iPhone 15 and iPhone 15 Plus will feature USB-C charging, the charging standard Apple already uses for MacBooks and iPads. Shares of Apple ( AAPL) slipped to trade down 2.2% after unveiling hotly anticipated new models of its iPhone, Apple Watch, and AirPods. American depositary receipts of Mucinex maker Reckitt Benckiser Group ( RBGLY) lost 1.1%. Shares of Procter & Gamble ( PG), the maker of Vicks cold and flu products, dropped 1.8% Tuesday. Most household-name cold and flu brands-Tylenol, Advil, Benadryl, DayQuil, Mucinex, and Sudafed, among others-have varieties containing phenylephrine that are at risk of being taken off pharmacy shelves. The advisory panel’s recommendation opens the door for the FDA to revoke phenylephrine’s approval and ban the sale of all products containing the ingredient in the U.S. Since then, several studies have called into question the ingredient's efficacy as a decongestant. in 1938 when clinical trial standards weren’t nearly as rigorous as they are today. Phenylephrine was first approved for use in the U.S. Shares of Johnson & Johnson ( JNJ) consumer health spin-off Kenvue ( KVUE) fell 4% Tuesday after a Food and Drug Administration (FDA) advisory panel said a decongestant widely used in its cold medicines is ineffective. Salesforce ( CRM) declined 1.6% and IBM ( IBM) dropped 1.4% as the White House announced they would sign onto voluntary artificial intelligence (AI) standards. Food & Drug Administration panel said a decongestant used in some Nyquil medicines, phenylephrine, doesn’t work, possibly leading the agency to order the products pulled from shelves.Īpple ( AAPL) shares also dropped 1.8% after it revealed that its new top-of-the-line iPhone 15 Pro Max will come with a $1,199 price tag, up $100 from the previous version. Procter & Gamble ( PG) shares gave up 1.8% after a U.S. Shares of Microsoft ( MSFT) dropped 1.8%, part of a tumbling tech sector that led the Dow 30 lower. ( TSM), shares of which advanced 1% Tuesday. Shares of Intel ( INTC) gained 0.7% after the chipmaker said it would sell a 10% stake in its IMS Nanofabrication business to Taiwan Semiconductor Manufacturing Co. Walgreens Boots Alliance ( WBA) ended its seven-session slide by rising 1.4% after it announced a partnership with Pearl Health, extending the U.S.’s largest pharmacy chain’s reach into primary care. ( DIS) added 1.4% to notch a three-session winning strike. Honeywell ( HON) shares rose 1.6% and Walt Disney Co. The financial sector was one of only three to rise today.Ĭhevron ( CVX) shares also gained 1.9% as crude oil prices reached their highest levels of 2023 after OPEC members delivered optimistic demand forecasts for this year and next. The Dow Jones Industrial Average gave up earlier gains to close down 0.05%, or 17 points, as investors evaluated a new iPhone product and prepared for tomorrow’s inflation data. The Nasdaq gained 1.1%, while the S&P 500 rose 0.7% and the Dow climbed 0.3%. ![]() Stocks gained yesterday with tech raising the major indexes. Crude oil futures jumped nearly 2% today to nearly $90 a barrel, a price last seen in November 2022. Rising oil prices also put pressure on stocks. The case is expected to be the most consequential antitrust case brought against Big Tech since the government took on Microsoft ( MSFT) in 2001. The Department of Justice's (DOJ) suit against Google ( GOOG GOOGL), alleging the search giant has illegally maintained a monopoly at the expense of rivals and consumers, went to civil trial today. The top-tier model, the iPhone 15 Pro Max, will retail for $1,199. The iPhone, which accounts for about half of Apple's revenue, got several upgrades, including USB-C charging, as well as titanium siding and improved cameras on premium models. The Nasdaq sank 1% Tuesday while the S&P 500 fell 0.6% and the Dow Jones Industrial Average, in the green for much of the day, closed 0.1% lower.Īpple ( AAPL) introduced the iPhone 15 and new versions of its Apple Watch and AirPods at its "Wonderlust" event today. stocks fell Tuesday with tech stocks dragging on indexes after Apple unveiled its latest iPhone and the Justice Department's antitrust case against Google went to trial in Washington. 13, 2023): For today's live market coverage, see here.
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