Apple has worst day since April as company faces FTC scrutiny, Siri delay reports

Core Insights - Apple Inc. is experiencing a significant decline in its stock market performance, with shares dropping by 5% due to reports of delays in the Siri update and scrutiny from the Federal Trade Commission regarding its news app [1][2][3] Group 1: Siri Update Delays - The anticipated artificial intelligence update for Siri has been postponed internally to May 2025 or later, despite initial expectations for a launch within weeks [2] - Apple plans to roll out the new features gradually over several months, although the company maintains that it is still on track for a full launch in 2026 [2] Group 2: Federal Trade Commission Scrutiny - The Federal Trade Commission Chair, Andrew Ferguson, has urged Apple CEO Tim Cook to reassess the terms of service and curation policies for Apple News [3] - Ferguson highlighted concerns that Apple News may be favoring left-leaning news outlets while suppressing conservative content, based on recent reports [3]