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On May 7, Apple Inc. announced that it is considering reshaping its Safari web browser on its devices, due to the potential negative impact of its browser deal with Alphabet Inc. and broader industry changes. In the primary market, both tech companies issued new bonds in the past two weeks, raising a total of $9.5 billion in new capital. Apple continues to deal with the unknown impact of tariffs and its effect on future revenue, severely weighing down the iPhone manufacturer's performance in the secondary market.
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