Jason Beeferman / Politico:
US Senators Kirsten Gillibrand and Dave McCormick introduce a bill banning members of the legislative and executive branches from trading on prediction markets  —  The bill comes two days after a U.S. soldier was arraigned in federal court on charges he used insider knowledge of the military's plans …

Mark Gurman / Bloomberg:
Apple forecasts Q3 revenue above estimates, with sales expected to rise between 14% and 17%, and says memory expenses will climb “significantly higher” in Q3  —  Apple Inc. delivered a surprisingly strong revenue forecast for the third quarter, even as it warned that memory-chip costs …

Apple Newsroom:

“Today Apple is proud to report our best March quarter ever, with revenue of $111.2 billion and double-digit growth across every geographic segment,” said Tim Cook, Apple’s CEO. “iPhone achieved a March quarter revenue record, fueled by such extraordinary demand for the iPhone 17 lineup. During the quarter, Services achieved yet another all-time record, and we were excited to introduce remarkable new products to our strongest lineup ever. That included the addition of the iPhone 17e and the M4-powered iPad Air, along with the launch of MacBook Neo, which is captivating customers all around the world.”

Record results for the January–March quarter for revenue, profit, and iPhone revenue in particular. And iPhones were constrained by supply. Tim Cook led the analyst conference call because he’s still CEO, but John Ternus joined for the first time. Worth a listen to just their opening remarks.

Over at Six Colors, Jason Snell has the usual assortment of graphs charting Apple’s numbers. Spoiler: up, up, up. And he has his usual transcript of the analyst call. From that transcript, this bit from Ternus’s prepared statement made me smile:

I want to echo Tim’s sentiment about our shareholders, especially those who have been with us for many years. Thank you so much for your confidence in our company. As you know, one of the hallmarks of Tim’s tenure has been a deep thoughtfulness, deliberateness, and discipline when it comes to the financial decision-making of the company, and I want you to know that is something Kevan and I intend to continue when I transition into the role in September.

Translation: “In case you were worried, we intend to keep making money hand over fist when I become CEO. I’m not coming into the job to spend the company’s money like a drunken sailor.”

Katie Tarasov / CNBC:
Intel's stock jumped 114% in April, hitting a record on April 24 and lifting its market cap past $470B, closing out the chipmaker's best month on record  —  Intel is on a winning streak unlike any since it became one of the first companies to go public on the Nasdaq nearly 55 years ago.

Here's our Diablo 4 interactive map, detailing the various waypoints, Altars of Lilith, and more.