News Briefings

Cheddar Afternoon News Briefings of May 26th

Hello everyone. This is your daily news briefing from Cheddar News. Apple will keep their iPhone production flat this year. The tech giant calling for 220 million phones to be assembled. Sources familiar with internal numbers tell Bloomberg that that's roughly the same as the number they made in 2021. And analysts had expected apple to make 20 million more units than that. Meanwhile, mortgage rates turned lower for the second straight week, nearly dipping nearly 5.5%. The slump marks the biggest drop since March that his economic uncertainty continues to loom. But even with the dip mortgage demand keeps slipping and fighter plans to sell nearly two dozen of their drugs and vaccines to some of the world's poorest countries at not for profit prices. Their Ceo says the company will begin shipping the first patent protected drugs to Ghana Malawi, Rwanda, Senegal and Uganda before the end of the year. And that's your cheddar news update. I'm baker machado coming to you from cheddar studios in lower Manhattan