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The Fox News Rundown

Business Rundown: Apple Facing "Stringent Regulations" Abroad

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.41.5K Ratings

🗓️ 20 June 2025

⏱️ 17 minutes

🧾️ Download transcript

Summary

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 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Welcome to the year 2000.

0:02.0

Everyone, everywhere is having fun, except me.

0:06.0

On BBC Eye Player.

0:08.0

I worry you're growing up too fast.

0:10.0

Yeah, we can't be your little duck here forever, can I?

0:13.0

Inspired by a true story.

0:15.0

You walk out this house a boy, one day you'll come back.

0:17.0

When you do, you will be a man.

0:20.0

Oh, and hold your breath. What it feels like

0:22.4

for a girl. I wish I could look like you. Baby, you can. Why don't you? Watch on BBC I

0:28.5

Player. I'm Taylor Riggs and this is the Fox Business Rundown. Friday, June 20th, 2025.

0:41.0

iPhone maker Apple found itself in the crosshairs of EU's antitrust regulators this week.

0:47.4

Now the company faces an ultimatum comply with their rules for big tech or face serious fines.

0:57.0

The problem is when these fines become dynamic. What they tell you is not exactly you need to pay this fine,

1:01.0

but you need to pay this percentage of your profits from now on.

1:06.0

That makes it impossible.

1:08.0

It's a much more stringent way to try to regulate the competition.

1:14.6

The Trump administration has been outspoken on their intentions to promote a deregulatory

1:19.6

environment in the U.S., taking a strong pro-innovation stance when it comes to policy surrounding

1:26.4

big tech.

1:33.1

But as companies like Apple and Meta thrive in the United States, they face an entirely different set of regulations and rules in Europe.

1:37.2

Back in 2022, the European Union passed the Digital Markets Act, known as DMA, that they

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