Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Apple is embarking on a historic overhaul of its iOS, Safari and App Store offerings in the European Union, aiming to placate regulators set to impose tough new antitrust rules.

(2) The US has pulled further ahead of China in the race for world's biggest economy, thanks in part to a vibrant American consumer.

(3) Intel Corp. tumbled in late trading after delivering a disappointing forecast on Thursday, renewing doubts about a long-promised turnaround at the once-dominant chipmaker.

(4)  Bank of America is splitting a roughly $800 million pool of restricted stock with the majority of its staff, boosting compensation to retain employees even as the bank works to keep a lid on expenses.

(5) Many consumers are shunning foreign brands such as Starbucks and Coke as the Israel-Hamas conflict's repercussions spread.