ISSUE – June 27 | Apple Is Working With Hertz to Manage Its Self-Driving Car Fleet

Apple Inc. is leasing a small fleet of cars from Hertz Global Holdings Inc. to test self-driving technology, an agreement that echoes a larger deal between competitors Alphabet Inc. and Avis Budget Group Inc. Hertz shares soared the most in almost two years. The iPhone maker is leasing Lexus RX450h sport-utility vehicles from Hertz’s Donlenfleet-management unit, according to documents released recently by the California Department of Motor Vehicles. [ Bloomberg ]