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Stocks fell sharply Monday, dragged down by reports of trouble at Apple and Facebook.The Dow closed down 396 points and the Nasdaq tumbled 3%.Facebook stock fell nearly 6% as the company continues to deal with the fallout from a New York Times article that detailed Facebook's reaction to political scrutiny and its Cambridge Analytica scandal. CEO Mark Zuckerberg has reportedly adopted a more aggressive, "war"-like style, according to the Wall Street Journal.Alphabet was also down 4%. It is now down 20% from its peak in July, placing it in bear market territory.Early in the day, stocks fell on news that Apple's newest line of phones may not be selling as well as Apple or its investors had hoped.Apple's stock fell once more after the Wall Street Journal reported that Apple has cut orders for its iPhone XR, iPhone XS and iPhone XS Max.The new iPhones, which Apple unveiled in September, cost more than previous versions. The 9 iPhone XR is the least expensive new iPhone, but it costs more than last year's cheapest model, the iPhone 8.The iPhone XS Max can cost up to ,449. The higher prices -- without many more features -- could be driving customers to keep their current phones longer or buy last year's models.Apple declined to comment about the Journal story or broader concerns about iPhone demand.Shares of Apple fell 5% and have now plunged about 20% from the all-time high it hit a few months ago, when Apple (AAPL) was worth more than trillion.The stock ended a 5-day losing skid on Friday after an analyst at Morgan Stanley suggested that the supplier concerns are overdone.Apple, which is a member of the Dow, was hurting the blue chips too.Several makers of chips and other components used in iPhones have warned of soft sales and profit in recent weeks, citing sluggish demand for higher-end smartphones.To that end, shares of Apple suppliers, such as Qorvo (QRVO), Broadcom (AVGO), Cirrus Logic (CRUS) and even Apple's key Anrdoid phone rival Samsung were all lower Monday too. Samsung also makes chips for iPhones.Investors have other reasons to be concerned about the future of Apple -— as well as other big tech companies for that matter.Apple CEO Tim Cook said on the "Axios on HBO" show Sunday that he expects Washington to crack down on tech firms in the wake of high-profile privacy scandals, such as the Cambridge Analytica problems that have plagued Facebook (FB)."I am not a big fan of regulation," Cook said to Axios on HBO. "I'm a big believer in the free market. But we have to admit when the free market is not working. And it hasn't worked here. I think it's inevitable that there will be some level of regulation."HBO, like CNN, is part of WarnerMedia, which is owned by AT&T (T). 2745

The Black Lives Matter Global Network Foundation has established a fund worth more than million to aid organizations fighting institutional racism, in the wake of the George Floyd protests.On Wednesday, the foundation, which has been influential in the emergence of the broader Black Lives Matter movement, said it was setting aside million in donations to support black-led grassroots organizing groups. Last week, it unveiled a separate .5 million fund for its network of affiliate chapters.Beginning July 1, affiliated chapters can apply for unrestricted funding of up to 0,000 in multi-year grants, the foundation announced. Grants from both funds will be administered through a fiscal sponsor, said Kailee Scales, managing director of the foundation.“In this watershed moment for black power building ... it is critical that we democratize giving to ensure all of us have access to the resources we need to reverse centuries of disinvestment in black communities, and invest in a future where we can all be connected, represented and free,” Scales said in a statement to The Associated Press.According to the network’s website, the organization has more than a dozen active chapters, including Boston, Chicago, Washington, D.C., and Detroit, as well as in Canada. Its newest chapter is in South Bend, Indiana.The foundation told the AP it has received more than 1.1 million individual donations at an average of per gift since the death of Floyd, a black man who died May 25 pleading for air as a white Minneapolis police officer held a knee to his neck for nearly eight minutes. The surge of financial support adds to roughly .4 million in net assets the BLM Global Network had on hand last year, according to a 2019 financial statement of Thousand Currents, the fiscal sponsor which receives donations on the network’s behalf and then releases money to the group.Creation of the funds signals a growth in infrastructure for the network, which had been at odds with some local chapter organizers, who felt network leaders weren’t providing enough financial support for initiatives such as rapid response to police brutality. Although there are many groups that use “Black Lives Matter” or “BLM” in their names, only 16 are considered affiliates of the global network.For Black Lives Matter Los Angeles, the network’s first official chapter, the fund will increase its capacity to support families in need of legal aid, public communications strategy and other services after a loved one is killed by police, said organizer Melina Abdullah, who is a professor in the Pan-African Studies department at California State University, Los Angeles.“We’ve been struggling for seven years now with very limited resources,” Abdullah told the AP. “We’re not paid. But we also have real costs, even if we’re not taking salaries.”Renewed energy in the BLM movement has created a need for more resources, she added. “This fund will allow us to move forward in really strong ways.”Racial justice groups across the U.S. have reported receiving tens of millions of dollars in donations, particularly for community bail funds posting bond for protesters arrested in demonstrations. The wealth is being spread across younger grassroots organizations and legacy institutions, such as the NAACP Legal Defense and Education Fund and the National Urban League.The Black Lives Matter movement emerged in 2013 amid anger over the acquittal of George Zimmerman, the Florida man who shot and killed 17-year-old Trayvon Martin in 2012. The network of chapters was formed in 2014, following what organizers called Ferguson October, a national mobilization in response to the police shooting death of 18-year-old Michael Brown in Ferguson, Missouri.“I’m really proud of the work we’ve been able to do in the last seven years,” Patrisse Cullors, co-founder and chairwoman of the Black Lives Matter Global Network Foundation, said in a statement. “What is clear is that Black Lives Matter shares a name with a much larger movement and there are literally hundreds of organizations that do impactful racial and gender justice work who make up the fabric of this broader movement.”The foundation has already identified several movement organizations that it would like to support, said Cullors, who declined to name the groups. The foundation says it will “prioritize mutual aid organizations, direct service and organizations focused on creating sustainable improvements in the material conditions for all black people.” It also looks to support black lesbian, gay, bisexual and transgender-led groups.Over its nearly six years of existence, the BLM Global Network had received contributions from high-profile donors, including A-list entertainers such as Jay-Z, Beyoncé and Prince, who contributed to BLM mere weeks before his death in 2016. But unanswered questions of transparency and access to those gifts left some organizers in network affiliate chapters frustrated.In January 2018, a New York City chapter announced its decision to leave the BLM Global Network, citing the need for autonomy to better serve its community. In December 2019, a different group of organizers in New York rejoined the network, Scales said.In recent weeks, the BLM Global Network has had to debunk misinformation from conservative activists who claimed the group’s donations were being redirected to the Democratic Party.The network has also been in a tug of war with a California-based organization called the “Black Lives Matter Foundation,” which has accepted donations that do not support the movement. The other group reportedly raised millions of dollars in recent weeks from small individual gifts and from employees of large corporations, such as Apple and Microsoft, who believed they were supporting the Black Lives Matter Global Network Foundation.___Morrison is a member of the AP’s Race and Ethnicity team. Follow Morrison on Twitter at https://twitter.com/aaronlmorrison. 5969

Subtropical Storm Alberto is disrupting plans for Memorial Day barbecues and beach outings in Alabama, Florida and Mississippi, as the storm continues to churn north through the Gulf of Mexico.Alberto slowed overnight. But the heaviest rain bands and strongest winds began coming ashore around 10 a.m. Monday in Panama City Beach. That should continue into the afternoon as the center of the storm gets closer to land, bringing with it the risk of flooding, storm surges and tornadoes.A Tropical Storm Warning is in effect for the northern Gulf Coast from the Suwannee River to the Mississippi-Alabama border.The three states likely to bear the brunt of the storm have begun preparing states of emergency. 713

Swishing with mouthwash can help freshen that mask breath, and, new research suggests, reduce the amount of coronavirus in the mouth and may help reduce the spread of the virus.Physicians and scientists at the Penn State College of Medicine studied the effect of rinsing with a neti pot, peroxide sore-mouth cleansers, mouthwashes and a 1 percent solution of baby shampoo, which is often used by head and neck doctors to rinse the sinuses. All of the products are currently available to consumers, many over-the-counter.They found several of the nasal and oral rinses had “a strong ability to neutralize human coronavirus, which suggests that these products may have the potential to reduce the amount of virus spread by people who are COVID-19 positive,” the college said in a written statement.Researchers used human coronaviruses that are similar to SARS-CoV-2, the coronavirus strain that causes COVID-19. The “outer envelopes of the human coronavirus tested and SARS-CoV-2 are genetically similar,” the researchers stated.“While we wait for a vaccine to be developed, methods to reduce transmission are needed,” said Craig Meyers, the professor who led the study. “The products we tested are readily available and often already part of people’s daily routines.”The study looked at the effectiveness of the various products when they interact with a solution containing a strain of human coronavirus at intervals of 30 seconds, one minute and two minutes.The 1 percent baby shampoo solution inactivated more than 99.9 percent of the human coronavirus after being in contact for two minutes. The mouthwash and gargle products were also 99.9 percent effective in inactivating the human coronavirus, but after only 30 seconds of contact.The findings from Penn State College of Medicine add to findings earlier this year that showed certain types of oral rinses could inactivate SARS-CoV-2.Meyers said the next step in this line of research is to evaluate products like mouthwashes in COVID-19 positive patients to see if they reduce the viral load.The study’s results were published this week in the Journal of Medical Virology. 2137

TAMPA, Fla. — A 0,000 reward is being offered for information on the 1997 disappearance of Don Lewis, the Tampa man whose case was featured in Netflix's "Tiger King."Lewis' family held a press conference Monday morning at Riverhills Church of God in Tampa.“Amazingly, our little family tragedy has become your tragedy. Our search for closure and truth has become your mission also,” said Lewis’ daughter, Gale Rathbone.The family has retained Jacksonville attorney John Phillips to conduct their own independent investigation into the circumstances surrounding the disappearance.Phillips says he will represent anyone willing to come forward with information pro-bono.RELATED: Hillsborough sheriff asks for new leads for missing man featured in Netflix's 'Tiger King'Lewis was reported missing in 1997 by his wife, Carole Baskin.In the wake of Lewis' disappearance, viewers of the Netflix series have shared theories about what happened.“Think about your grandfather being rumored to either have been eaten by alligators, be under a septic tank of feces or in a meat grinder,” said Phillips.But as wild as it may sound, Phillips says there may be merit to those theories.Baskin, the owner of Tampa's Big Cat Rescue, was featured in the Netflix hit series, which briefly touched on Lewis' disappearance.Since the show's release, Baskin and her current husband, Howard, said producers duped them into thinking the series would be about stopping the abuse of big cats."Anyone who spends an hour with Carole would come away knowing that there was no way that she had any involvement in Don's disappearance and that the vicious rumors that were spread by his family are absolute nonsense stuff about meat grinders and septic tanks," said Howard Baskin.There have been renewed calls from authorities for tips in Lewis' case since the show was released. An anonymous donor helped the family raise the reward to 0,000,“Whomever that person is, we are so grateful. We are hoping that with those funds someone will have the courage to come forward,” said daughter Donna Pettis. 2081

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