U.S. senators have reportedly sent a letter to Apple Inc. CEO Tim Cook urging the company to avoid using memory chips from ChangXin Memory Technologies and Yangtze Memory Technologies Corp in its devices, even for the Chinese market. The Commerce Department signed letters of intent to provide $874 million in CHIPS and Science Act incentives to seven companies for AI and high-performance computing semiconductor technologies. The Trump administration changed Department of Transportation regulations to expedite autonomous vehicle development, granting Amazon.com Inc.'s Zoox a temporary exemption for commercial driverless deployment. President Donald Trump said his administration is considering expanding federal authority over AI tools after cybersecurity incidents. Former White House communications director Anthony Scaramucci called for congressional ethics reforms modeled after Singapore. The Federal Communications Commission imposed restrictions on emerging Chinese technologies. Apple reported third-quarter earnings per share of $2.02, beating the consensus estimate of $1.89 by 13 cents. CEO Tim Cook described soaring memory prices as a "100-year flood" and suggested the DRAM industry needs more suppliers. Apple revealed K-12 districts abandoning Chromebooks and Windows machines for its new MacBook Neo. Amazon reported second-quarter revenue of $200.61 billion, exceeding the consensus estimate of $196.46 billion, with earnings of $5.75 per share versus expectations of $1.82. CEO Andy Jassy announced raising 2026 capital spending from $200 billion to $220 billion due to soaring memory chip prices, citing "striking"