Apple’s Changes to App Store Policy in Response to EU Regulations
Apple, the maker of the iPhone, plans to implement changes in its App Store to comply with European Union regulators who issued an ultimatum and imposed a fine of 500 million euros (approximately $581.1 million) on the company.
The proposed changes, to be implemented before Thursday’s deadline, will enable external developers to guide customers to purchase software outside of the App Store.
This move aims to protect Apple from future penalties for non-compliance with the European Union’s Digital Markets Act. The European Commission is preparing a bill of particulars against Apple if it fails to meet the Thursday deadline.
Fitch Ratings Affirms Arca Continental’s AAA(mex) Credit Rating
Arca Continental, led by Jorge H. Santos and Arturo Gutiérrez, received a reaffirmation of its AAA(mex) credit rating from Fitch Ratings, acknowledging the company’s top-tier credit quality.
This decision reinforces the financial solidity of the second-largest Coca-Cola bottler in Latin America, backed by stable margins, positive cash flow, and a robust financial structure.
Beyond the technical rating, Fitch’s support projects Arca Continental, present in five countries, as a reliable partner for investors and strategic allies, facilitating new financing options for its growth plans.
The company itself highlighted that the resilience of its portfolio and strategic investments have been crucial in maintaining a strong balance, reinforcing its role as one of the leading companies in Mexico and Latin America’s beverage sector.
Nasdaq and NYSE Seek Regulatory Flexibility from SEC
Nasdaq and NYSE, the stock exchanges, are in discussions with the Securities and Exchange Commission (SEC) to relax regulatory requirements for public companies and attract more high-value startups to their IPOs.
These talks, reportedly ongoing for months, include proposals to reduce disclosure obligations and lower IPO costs influenced by minority investor involvement in corporate decisions.
Some experts view these conversations as potentially the most significant regulatory reform since the 2012 Startups Empowerment Act and a continuation of the deregulatory trends from the Trump era.
Grups Bolsa Mexicana Receives ‘Market Outperformer’ Recommendation from GBM
Grupo Bolsa Mexicana de Valores received a ‘Market Outperformer’ recommendation from GBM Casa de Bolsa analysts at the start of coverage, thanks to its well-diversified revenue composition and financial solidity.
This recommendation anticipates the company’s stock performance to outpace the overall market.
The target price for Grupo Bolsa’s shares was set at 53 pesos per share for this year, offering a potential growth of 23% compared to current levels.
