BLOOMBERG In a major reversal, Apple Inc plans to adopt a technological standard next year that will allow text messaging to operate more smoothly between iPhones and Android devices. The company had pushed back on the standard — known as RCS — for more than a year, even as Alphabet Inc’s Google and others pressed Apple to adopt the technology. …

BLOOMBERG Amazon.com Inc is cutting hundreds of employees in the division responsible for its voice-activated Alexa assistant, according to a memo sent to employees. Daniel Rausch, an Amazon vice president who leads teams working on Alexa and the company’s Fire TV streaming franchise, said the company was “shifting some of our efforts to better align with our business priorities,” including …

BLOOMBERG Adobe Inc’s $20 billion buyout of Figma Inc, a smaller maker of cloud-based design software, risks being derailed by European Union merger watchdogs unless the firms fix a list of competition concerns highlighted by the bloc’s antitrust arm. The European Commission issued a so-called statement of objections, highlighting how Adobe’s largest deal ever could imperil fair competition in the …