Apple Closes Above the $5 Trillion Mark

Apple became the second company to close above the benchmark, a new record that pushes the iPhone-maker’s market capitalization into territory that only chip colossus Nvidia occupies. Its value has surpassed $5 trillion six times previously during intraday trading, but it had never closed above that level. Apple ended the day at $5.005 trillion, according to Dow Jones Market Data, a capstone on the Tim Cook era, and an implicit challenge to new chief executive John Ternus.

Restrictions on the speed at which some of Ukraine’s weapons can travel and still connect to the internet come as President Trump piles pressure on Kyiv, demanding that it stop hitting Russian oil refineries, blaming President Volodymyr Zelensky for continuing the war and calling for his removal. It wasn’t immediately clear what had caused the disruption. Elon Musk’s SpaceX, which produces Starlink as well as its military counterpart Starshield, didn’t respond to a request for comment.

The ChatGPT-maker claimed in a legal filing that the employee sent himself more than 100 files about at least one unreleased OpenAI device under development. The filing is the latest development in the ongoing case that Apple filed against OpenAI in July, claiming that its own confidential information had been taken by employees who left for its AI rival. Apple said in a statement that the company had found no evidence supporting OpenAI’s new allegations.

The strikes came as the U.S. military has been successfully shepherding more Gulf oil through the strait while bottling up Iranian oil exports with a naval blockade and sanctions. While Iran has repeatedly increased its attacks over the course of the war to try to disrupt the U.S. operation, it is rare that its attacks result in ships being sunk. Vessel attacks around the strait reached a wartime high last week with 12 attacks on commercial vessels, according to Windward AI.

During their trial earlier this year, prosecutors told the jury that Tal, Oren and Alon Alexander lured women to exclusive parties and homes in the Hamptons, in New York City and on a cruise, then drugged and raped or assaulted them. Jurors found the Alexanders guilty of all 10 counts they collectively faced, including two involving minors. In a court filing, prosecutors argued that a life sentence was appropriate because of the scale of the Alexanders’ crimes and the violent ways they committed them.

The number of positions Netflix is eliminating—6% of its staff—as part of its biggest round of layoffs since 2022. Co-CEOs Greg Peters and Ted Sarandos said in an email to employees that the bulk of the cuts would be in the streaming giant’s product, tech, legal and human-resources teams.

Consumer prices were up 3.7% from a year earlier, the Labor Department said, hotter than August’s gain of 3.4%. That was above the 3.6% increase expected by economists surveyed by the Journal.

Yesterday, we asked how White House resignations should be handled. Here’s what you had to say:

“First, there should be job descriptions to determine if an individual is qualified to perform their job. Secondly, if they are not qualified, they should resign. Thirdly, if they are qualified, however, disregarding the Constitution, they should also be required to resign. Lastly, treating others how they’d like to be treated should be documented in a representative’s job description, which will make the world a better place. If not doing so, they should resign.” —Joyce Christanio, Missouri

Responses have been condensed and edited.

Mark Zuckerberg became a viral meme after taking a painfully awkward sip of a Guinness Irish stout in a podcast clip. It immediately vaulted the Meta boss into the pantheon of awkward executive eating and drinking moments, right next to the McDonald’s CEO who struggled with his own company’s burger.

WSJ | Buy Side: Refinancing your auto loan with good credit might save you money, but longer terms can wipe out the savings.

Today’s newsletter was curated by Amira McKee and Liz Webber.