Apple appears likely to win appellate court remand of order prohibiting any commissions on transactions linked out of the App Store. The allowable commission rate will need to be litigated in the trial court. It won’t be 30% but it won’t be zero.

In court for Google ad tech antitrust remedies trial. Judge hinted today she could be amenable to conduct remedies without forcing divestitures of Google AdX or publisher ad server if Google complies with remedies order in good faith. Early yet, but momentum shift against DOJ.

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Finally, the legal challenge to Pres. Trump’s “Liberation Day” tariffs is set for Supreme Court review. Arguments in early November (guessing Nov. 6). Resolution likely before the end of the year. Uphill courtroom battle for the White House. Expect escalating reliance on other

Excited to share that Hedgeye Cares is hosting our annual Charity Golf Challenge on Sept 23 at GlenArbor Golf Club ⛳ A special day of golf, community, and giving back. A small handful of spots remain—join us!

WATCH | From Fidelity to Hedgeye: Sam Rahman’s Playbook for Performance 🔊 Veteran portfolio manager Sam Rahman @SamofAmerica spent 15+ years at Crosby Advisors, the Fidelity family office. He worked directly for Founder/Chairman Ned Johnson, managing a multi-billion-dollar

And so it begins. The broadcast ownership deregulation push by Trump’s FCC, fueled by a recent court ruling against Biden era restrictions, is boosting deal speculation. Today, Nexstar and Tegna chatter. Industry deal talk will only intensify.

More Trump tariffs which means more revenue to be refunded if, as seems likely, his Liberation Day tariff power is ultimately rejected by the courts.

Apple bolsters its case to vacate lower court ban on commissions for linked-out transactions, affecting millions of app developers. Apple cites new Supreme Court ruling limiting the reach of injunctions. Hard for appeals court to ignore. Potential boost for service revenues.

When it comes to stock picking, are you going to follow a narrative or the data? 🔊 In this clip from The Call @ Hedgeye, Health Care analyst Tom Tobin @HedgeyeHC discusses why the Hedgeye signaling process overcomes the temptation to follow flimsy narratives on why to buy a

DOJ approved the HPE-Juniper deal, settling on the eve of trial. Not surprising. Gov’t case was doubtful and EU and UK regulators already approved with no worries. A successful integration of HPE-JNPR ups competitive pressure on Cisco.

Appeals court stay keeps Liberation Day tariff policy active for now. Merits ruling in August. Uphill fight for Trump Admin. Supreme Court likely starts the new term in October with this case. Need to close trade deals quickly before Court pulls the legal rug.

A few more hours to go in closing arguments in DoJ v Google search monopoly remedies trial. Not really “arguments” but a constant dialogue between lawyers and Judge Mehta as he struggles to compose a practical remedies order. Not sure DoJ is providing enough practical guidance.

Another legal hit to Trump “Liberation Day” tariffs yesterday. DC Fed Judge fully rejects Trump power to impose ANY tariffs under Intl Emergency Econ Powers Act. Meanwhile, appeals court stay of Wednesday CIT order blocking tariffs is procedural only. Briefing on durable stay

As expected, a federal court just invalidated the “Liberation Day” tariffs, clouding the outlook for trade deals. The President will seek stays and appeals, but as of now, attempting virtually unchecked tariff power under statutory emergency powers is looking like a bad gamble.

More Turbulence over Fed Independence? https://t.co/QfvsqkTWZ5 via Paul Glenchur @HedgeyeTechLaw

Challenging court battle over Trump tariffs today. Three-judge panel may accept persistent trade deficits as a “national emergency” but hard to assert virtually unchecked discretion to impose massive across-the-board tariffs under a law that does not even mention tariffs.

Highlight reel below from today's edition of "The Pitch" where our analysts presented their top long/short stock ideas to @KeithMcCullough. 🔊 Watch the on demand replay free: https://t.co/Ipa6Bbt7YS Featuring: 📌 Felix Wang @HedgeyeTech (Tech) 📌 Jay Van Sciver

R.I.P. Justice Souter. A tenure not without criticism but I’ll never forget my conversation with him about the immense responsibilities of serving on the Court and his reverence for the impactful justices of the past, particularly William O. Douglas.

DoJ still wants Google to divest Chrome as part of its remedies proposal to resolve the search monopolization case. We still doubt that happens. Should be a tough sell to Fed Judge Mehta who made no findings that Chrome illegally blocks search market competition.