Financial Daily Dose 5.3.2021 | Top Story: U.S. Economy Flourishes in Q1 on Pent-up Demand and Stimulus Spending | Robins Kaplan LLP

 Financial Daily Dose 5.3.2021 | Top Story: U.S. Economy Flourishes in Q1 on Pent-up Demand and Stimulus Spending | Robins Kaplan LLP

Apple and Fortnite-maker Epic Games kick off their “high-stakes” trial over App Store fees, Apple’s payment system, and breach of contract. At the core of the dispute is Apple’s incredibly lucrative App Store, which charges up to 30% commissions on app developers and forces in-app purchases to flow through Apple. Here’s more on the battle coming to a head this week – Bloomberg and NYTimes and WSJ and MarketWatch

Mr. Buffet and his Berkshire Hathaway crew were back in the black in Q1 with $11.7 billion in net earnings, “swinging to a profit from a $49.7 billion loss a year ago as the paper value of its investment gains soared.” Buffet and his long-time lieutenant Charles Munger took questions for 3-hours this weekend at the annual shareholder meeting, weighing in on the “red hot” economy, rising inflation, SPACs, and the conglomerate’s moves during the pandemic year – NYTimes and WSJ and Bloomberg

With Q1…

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