The US Federal Communications Commission (FCC) on the 16th said it will permit imports and US sales of Chinese-made toy drones that meet narrow technical specifications. Refinitiv reported the move partially reverses a December FCC prohibition that barred new foreign drones and key components as posing an 'unacceptable risk' to US national security and had targeted DJI and Autel. The US Department of Defense, after review, judged low-tech toy-class models do not constitute a national security th

Tim Cook told the Wall Street Journal price increases are unavoidable; Apple (AAPL.O) has not yet raised prices but the situation is "unsustainable", and surging memory and storage costs will force price increases.

President Trump pressed Senate Republicans to delay confirmation of Jay Clayton as director of national intelligence, disrupting leadership plans aimed at preventing Trump ally Bill Pulte from serving as acting DNI. The Senate Intelligence Committee canceled a hearing scheduled for Wednesday. Trump said the nomination will not move forward until Jamie McDonald, his nominee to replace Clayton as Manhattan U.S. attorney, is confirmed; Pulte will remain acting DNI. Trump also said he will not approve restoration of an intelligence-surveillance authorization that lapsed last week until the Senate passes an election-rule reform bill, which failed earlier this month in the Republican-controlled Senate. Both Republican and Democratic senators have said Pulte, who oversees housing finance in the administration, lacks national-security experience.