WS #14062

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Apple trains custom AI model for China with Alibaba and proposes 5-15% cut on external App Store payments; also sues OpenAI for trade secret theft. Silver Lake in talks to acquire Workday in a mega buyout, sending WDAY shares up 18%. Reddit to join S&P 500 effective Aug 18, replacing AvalonBay, driving RDDT shares up 10-12% after hours.

Apple AI and App Store

Apple trains custom AI model for China with Alibaba and proposes 5-15% cut on external App Store payments; also sues OpenAI for trade secret theft.

Silver Lake in talks to acquire Workday in a mega buyout, sending WDAY shares up 18%.

Reddit to join S&P 500 effective Aug 18, replacing AvalonBay, driving RDDT shares up 10-12% after hours.

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