Peter Vercoe / Bloomberg:
Australia's ACCC sues Amazon for allegedly introducing ads to Prime Video under unfair contract terms and forcing existing subscribers to pay more to avoid them  —  Amazon.com Inc. has been sued by Australia's consumer watchdog for introducing advertising to its Prime Video streaming service …

Emma Roth / The Verge:
OpenAI teases a device it is launching in partnership with keyboard maker Work Louder on July 15, saying “Your favorite Codex shortcuts are getting an upgrade”  —  A new video shows a Codex-focused device built in collaboration with Work Louder.

The Information:
Sources: AI video startup Higgsfield is in talks to raise $300M to $500M at a $5B pre-money valuation, more than 4x its valuation in a January 2026 round  —  AI video startup Higgsfield AI is in talks with investors to raise $300 million to $500 million at a valuation of $5 billion before the investment …

Financial Times:
The UK FCA unveils the updated version of its crypto regulatory framework, after softening proposed rules that critics said risked holding the UK back  —  FCA eases capital and disclosure requirements after complaints that incoming digital assets regime was too onerous

Munsif Vengattil, Aditya Kalra, and Stephen Nellis, reporting for Reuters:

Sensitive lists of components and suppliers, ​and photos of Apple’s upcoming iPhone 18 Pro models are part of files posted on the dark web by the ransomware group that stole data from the U.S. firm’s Indian supplier Tata Electronics, according to documents and a source.

The exposure threatens the carefully negotiated business of building the iPhone, which Apple assembles from a thicket of suppliers worldwide. It could also upset Apple and its relationship with Tata given most of the supplier arrangements are fiercely protected by Apple, and could also hand rivals, counterfeiters and its own vendors a ​view of who makes what. [...]

Apple ​considers this detail sensitive and is concerned about the documents being shared on the dark web as they relate to unreleased models, according to the person familiar with the matter. The data maps suppliers to iPhone parts, which Apple does not disclose in its public database of suppliers, the person added.

In all, the documents detail hundreds of parts to be on the upcoming iPhone 18 Pro models. The records also show where Apple draws a part from several suppliers and where it relies on just a few, laying bare both its bargaining leverage and its vulnerabilities.

I’m going to say that describing Apple as “concerned” about this data breach might be the biggest euphemism I’ve heard this year. I’m sure they’re furious. Someone at Apple is responsible for putting this trust in Tata, and executives at Tata are surely panicked that they’ve lost future business with Apple.