TikTok Exec Order-Online Stores Still At Risk; Diabetic-Weight Loss Drugs Top List for Price Negotiations; Samsung Unpacked is Tomorrow; Apple Drops to 3rd Place in China

As expected, Donald Trump signed an executive order granting an extension to TikTok so it can stay in the US until it finds a US buyer. Theverge.com notes that the law passed and signed gave President Biden an option to extend the time by 90 days, but he didn’t do so. The Trump executive order really doesn’t do anything…the law passed doesn’t actually ban TikTok and never did. It does ban the app stores from offering it or updates to it, so it will work when the operating systems are updated. So far, The app stores haven’t started allowing downloads again, as the executive order is very likely illegal, and the fines for the Apple and Google stores could run up to $850 billion. Trump might be able to certify to Congress that TikTok has agreed to sell…which it has not, and then the 90 day extension might be triggered. It would be lying to Congress, but until a court found the certification invalid, Apple and Google would probably be safe. Stay tuned, this is going to get crazy!

After the first round of negotiations reducing prices on 10 high cost drugs took place last August, and those went down in price anywhere from 38 to 79 percent. we are ready for round two. This group of 15 drugs could see prices dropped, but not until 2027. According to arstechnica.com, topping the list are diabetes and weight loss drugs Wegovy and Ozempic. Right now, Wegovy runs about $1350 a month, and Ozempic is about $1000. Even chopping those prices by half would save the government a ton on Medicare drug expense. Note that the drug companies have sued over negotiation process required in the Inflation Reduction Act. 

Samsung Unpacked is tomorrow at 10am  Pacific. We should see a preview of the three big models…the S25, the S25+, and the S25 Ultra. As always with Samsung, techcrunch.com says there has been a flood of leaks. One that just hit indicates that there will be either a slight price increase or none at all. That’s some pretty good news. Galaxy AI will be a big star of the show. One possible announcement is a successor to the Galaxy Ring, but that is a bit sketchy. We will have a recap of all the major announcements tomorrow after the Unpacked event.

Apple has dropped to third place in the Chinese smartphone market 4th quarter, after being the top line up to then. Macrumors.com reports that iPhone shipments in China dropped by 18.2% year to year in 4th quarter…giving Apple a 17.1% market share. Chinese makers Huawei and Xiaomi were #1 and#2 with 18.1% and 17.2% market share respectively. Apple watchers think one major reason for the falloff by Cupertino’s phones is the lack of Apple Intelligence in China. Apple hasn’t put their AI on the phone due to Chinese regulatory constraints. Overall, the China smartphone market had a 3.2% decline year over year. 

I’m Clark Reid and you’re ‘Technified’ for now.