Plus: Xiaomi is in talks to start producing EVs
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 The U.S. Department of Justice is reportedly preparing for an antitrust lawsuit against Apple. It is still unclear whether the DOJ will file the lawsuit. More: - The DOJ has already written a draft.
- This suit revolves around Apple's app store practices and hardware-related issues.
- The DOJ has been reportedly investigating Apple since 2019, as pressure against the company reached all-time highs last year when Epic Games complained about its 30% fee policy.
- Other companies that have faced antitrust lawsuits include Meta and Alphabet.
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 Despite previous rumors, Amazon is reportedly not set to acquire video game studio Electronic Arts. EA is known for having developed games such as Madden NFL and FIFA 21. More: - Other games in its portfolio include UFC, F1, NHL, etc.
- Electronic Arts had $1.8B in revenue in 2021.
- Multiple reports speculated that the e-commerce giant was ready to bid for the company.
- While other tech companies such as Microsoft have acquired video game studios, it seems unlikely that Amazon will follow suit.
- A possible acquisition would be complementary to Amazon's live streaming platform, Twitch, and its live sports offering on Amazon Prime.
- Both Amazon and EA have refused to speak on this matter.
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 Panasonic is considering building its next EV battery factory in Oklahoma. The factory is expected to supply Tesla with lithium-ion batteries. More: - Panasonic is working on a battery that has five times the energy capacity and has 15% more range than current models.
- While the news is still waiting for official confirmation, it is in line with what many companies have announced in previous months regarding their plans to redirect manufacturing efforts to the U.S.
- Panasonic has also previously announced its plans to build a plant in Kansas. The project is slated to cost $4B and represents the largest investment in the state's history.
- If completed, the project would be bigger than the Tesla Gigafactory in Texas.
- Toyota's $1.3B plant near Greensboro, North Carolina, is expected to open in 2025, while Hyundai and VW also plan to spend billions of dollars to increase their manufacturing capabilities in the U.S.
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 Xiaomi is reportedly in talks to start producing electric vehicles. The company may co-brand the cars with BAIC. More: - Xiaomi has previously vowed to start producing EVs by 2024.
- Due to COVID-19 and other issues, the company has not been able to make good on its promises so far.
- The company, best known for its smartphones, is now considering buying a manufacturing plant with the license to produce EVs.
- This deal could be done in partnership with BAIC, a large automaker in China.
- BAIC is owned by the Chinese government, making the deal even more delicate considering the deadline Xiaomi has set for itself.
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 The U.S. healthcare industry is suffering from staff shortages. According to a new report, the crisis is making patient treatment inadequate and dangerous. More: - The U.S. Bureau of Labor Statistics reported that more than 275,000 additional nurses are needed from 2020 to 2030.
- A normal ratio in ICU standards is one nurse per two patients, but due to shortages, U.S. nurses now have to take care of 3-4 patients.
- The lack of nursing professionals is also taking a toll on general economic performance, as hospitals and the wider community suffer economically due to worse treatment and a lack of funding.
- Nursing jobs are expected to be the highest growing job sector in the U.S. in the next four years, with 9% YoY growth.
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 Uniqlo sales grew considerably in Q2 as its holding company, Wing Tai Holdings, doubled its profit. The company also benefited from its real estate holdings. More: - The company had a net profit of $100.8M by June 30, an over 50%YoY growth.
- Revenue grew 12% YoY, partially pushed by the increasing value of the company's real estate holdings.
- The company was able to sell 90% of its residential apartments, while it also won a nine-figure contract to reconstruct a property area.
- Wing Tai Holdings stated that Uniqlo sales have tripled from the previous year, reaching over $50M.
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- Nobel prize winner Richard Thaler stated that he does not see any signs that a recession is imminent in the U.S.
- Ford has increased the price of its Mach-E model by more than $8,000. The company stated that the decision comes as a result of an increase in supply prices due to the war in Ukraine.
- Microsoft and ByteDance have collaborated on an AI project, regardless of the unsuccessful TikTok acquisition process over a year ago. The project, named Kuberay, aims to improve AI for companies that want to build and run AI apps.
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 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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