Apple reported strong iPhone sales and rebound in revenue from China, giving a much-needed boost to two parts of the company’s business that had struggled over the past year.

Good morning. Apple’s third-quarter revenue crushes estimates. Eli Lilly lets down investors after a head-to-head drug trial. And a renowned designer who logs 250,000 miles a year shares some unique travel tips.

Global iPhone sales were up 13.5 per cent year on year at $44.6bn. The strong earnings are a boost to Apple which has been heavily hit by Trump’s trade and tariff agenda since his “liberation day” announcements in April,

China's cyberspace regulators have summoned Nvidia over security concerns about its H20 chips. They claim the chips can be tracked and turned off remotely.

Nvidia said on Thursday its products have no "backdoors" that would allow remote access or control after China raised concerns over potential security risks in the firm's H20 artificial intelligence chip.

China’s cyber regulator on Thursday said it had held a meeting with Nvidia over what it called “serious security issues” with the company’s artificial intelligence chips. It said US AI experts had “revealed that Nvidia’s computing chips have location tracking and can remotely shut down the technology”.

Beijing's top trade official says China and the United States have agreed to work on extending a deadline for new tariffs on each other after two days of trade talks in Stockholm

China signaled that trade negotiations with the U.S. will continue past the Aug. 12 deadline set by the Trump administration. CBS News' Kelly O'Grady has more on the latest tariff developments.

China is facing an August 12 deadline to reach a durable tariff agreement with Trump's administration, after Beijing and Washington reached preliminary deals in May and June to en