1458 ET - A settlement between Apple and the Department of Justice over allegations of antitrust law violations would likely help Apple in Europe, TD Cowen analyst Paul Gallant says in a note following a Bloomberg report that the DOJ and Apple are engaged in settlement talks. Despite the risk of angering President Trump, European regulators are pressing the company on App Store commission levels, emboldened by similar scrutiny from U.S. courts, Gallant says. "But if/when DOJ settles, we think that will slow or stop the EC's downward pressure on Apple's European commissions via carrying lower-priced app stores or actually lowering its commission levels due to fears of Trump retaliation," he says. (elias.schisgall@wsj.com)
(END) Dow Jones Newswires
July 17, 2026 14:58 ET (18:58 GMT)
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