Plus, Instagram is restricting teen accounts. And Elon Musk vows legal action after FAA proposes fines against SpaceX. Zoe Thomas hosts.
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[00:00:01] [SPEAKER_00]: Here's your TNB Tech Minute for Tuesday, September 17.
[00:00:05] [SPEAKER_00]: I'm Zoe Thomas for The Wall Street Journal.
[00:00:08] [SPEAKER_00]: We're exclusively reporting that JPMorgan Chase is in talks with Apple about taking
[00:00:13] [SPEAKER_00]: over the iPhone Maker's credit card program.
[00:00:17] [SPEAKER_00]: Discussions, which started earlier this year, have advanced in recent weeks — people
[00:00:21] [SPEAKER_00]: familiar with the matter say — a deal could still be months away and isn't guaranteed.
[00:00:26] [SPEAKER_00]: Apple has been looking for a new partner for its credit card since the tech giant and
[00:00:30] [SPEAKER_00]: current issue are Goldman Sachs decided to part ways last year.
[00:00:34] [SPEAKER_00]: Landing the deal would grow Chase's card business and deepen existing ties between the bank
[00:00:39] [SPEAKER_00]: and Apple.
[00:00:40] [SPEAKER_00]: Instagram is restricting TNB Accounts.
[00:00:43] [SPEAKER_00]: The platform's head, Adam Moseri, says the changes will likely hurt business in
[00:00:48] [SPEAKER_00]: the short term but help regain parent trust.
[00:00:51] [SPEAKER_00]: The meta-owned platform will automatically make TNB Accounts private and put them on
[00:00:56] [SPEAKER_00]: the most restrictive settings.
[00:00:58] [SPEAKER_00]: TNB's 15 and under will need a parent's permission to change the settings.
[00:01:02] [SPEAKER_00]: Young users will also be prevented from setting up new accounts with fake birthdays.
[00:01:07] [SPEAKER_00]: The changes began rolling out in the U.S. today.
[00:01:10] [SPEAKER_00]: We'll have more on this story in tomorrow's Tech News Briefing podcast.
[00:01:14] [SPEAKER_00]: And Elon Musk says SpaceX will sue the Federal Aviation Administration after
[00:01:19] [SPEAKER_00]: the Air Safety Regulators alleged the company violated rocket launch regulations and proposed
[00:01:24] [SPEAKER_00]: fines against the company.
[00:01:27] [SPEAKER_00]: The FAA says during two launches last year, SpaceX used resources that hadn't been licensed
[00:01:32] [SPEAKER_00]: for the operations.
[00:01:34] [SPEAKER_00]: It's seeking about $633,000 for the alleged violations.
[00:01:39] [SPEAKER_00]: Musk, the rocket company's founder and CEO, responded on his social media platform X
[00:01:44] [SPEAKER_00]: saying SpaceX would file a suit for quote, regulatory overreach.
[00:01:48] [SPEAKER_00]: Tensions have been rising between SpaceX and the agency which oversees commercial
[00:01:53] [SPEAKER_00]: rocket launches and re-entries of spacecraft.
[00:01:56] [SPEAKER_00]: For a deeper dive into what's happening in tech, check out Wednesday's Tech News Briefing podcast.