Top stories today:

1. Apple unveils iPhone 17 series, iPhone Air, new Watch models
2. Supreme Court to review Trump tariffs on fast-track schedule
3. Microsoft said to tap Claude 4 over GPT-5 for Office 365
4. U.S. added 911K fewer jobs in year through Mar.
5. Google Cloud forecasts $58B revenue boost by 2027
6. Novo to cut 11% of staff — 9K jobs globally

0. Data and calendar

Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. Apple unveils iPhone 17 series, iPhone Air, new Watch models, AirPods Pro 3

• iPhone 17 Pro and Pro Max feature a vapor chamber thermal management and 3 48MP rear cameras.

  • $1,099 is the starting price for the iPhone 17 Pro with 256GB storage.

• iPhone 17 features a larger, 6.3” display with 120Hz ProMotion support.

  • $799 is the price for the iPhone 17 base model with 256GB storage.

• An 18MP Center Stage front camera is the default across the iPhone 17 models.

• Sep. 19: all new Apple devices will go on sale in the U.S. and other initial markets.

The iPhone Air features 5.6mm thickness and an N1 wireless chip for Wi-Fi and Bluetooth connectivity

• $999 is the starting price.

AirPods Pro 3 bring Live Translation and deliver 2x ANC performance than Pro 2

• $249 price.

• Live Translation also works with AirPods 4 and AirPods Pro 2, provided they have an iPhone capable of running Apple Intelligence updated to iOS 26.

Apple Watch Series 11 comes with hypertension detection and 5G connectivity

• $399 is the starting price.

Apple Watch Ultra 3 offers up to 42 hours of battery life, starting at $799

Apple Watch SE 3 comes with the S10 chip, always-on display, starting at $249

2. Supreme Court to review Trump tariffs on fast-track schedule

Markets price in 46% odds of the Supreme Court backing Trump’s tariffs:

• Nov. 1st week: the justices will hear arguments.

• The tariffs remain in place for now, though an appeals court ruled Trump exceeded his authority.

• The Supreme Court will also consider a 2nd tariff challenge pressed by 2 educational-toy makers.

• Sep. 19: opening briefs from the Trump admin.

• Oct. 20: the companies have the time to respond.

4. Microsoft said to tap Claude 4 over GPT-5 for some Office 365 features