These are the headlines you Need 2 Know. * **Hurricane Lane Hits Hawaii:** As much as 20 inches of rain have fallen on parts of Hawaii so far, causing flooding and mudslides on the Big Island and Maui. Forecasters said Friday the Category 3 storm is moving slowly and could drench Hawaii for several days. The National Weather Service reported Friday that only two storms of this strength have ever come within 350 miles of the islands. For photos from the storm [click here] (http://www.foxnews.com/us/2018/08/24/hurricane-lane-category-3-storm-lashes-hawaii-as-it-makes-slow-move-off-coast.html). * **Verizon Issues Mea Culpa:** Verizon apologized for throttling or slowing down data service for firefighters who were battling the Mendocino Complex fire in California. Officials said the data connection was slowed to about 1/200th of its previous speed — just as firemen were coordinating a response to the biggest blaze in California's history. Verizon said the fire department used its allotment of data for the month, but the company admitted it should have waived restrictions for an emergency. For the latest, [click here](https://arstechnica.com/tech-policy/2018/08/fire-dept-rejects-verizons-customer-support-mistake-excuse-for-throttling/?amp=1). * **National Enquirer May Have Dirt on Trump:** The tabloid allegedly has a safe where it stores documents related to hush-money payments and “other damaging stories” about President Trump. The Associated Press reported the information was never printed because of the paper’s “cozy” relationship with Trump. Meanwhile, federal prosecutors reportedly have granted immunity to David Pecker, the CEO of the National Enquirer’s parent company. [Read the details here] (https://www.apnews.com/143be3c52d4746af8546ca6772754407/AP:-National-Enquirer's-safe-held-damaging-Trump-stories). * **Children's Medicine Recalled:** King Bio is recalling 32 children's medicines because of microbial contamination in liquids produced between August 1, 2017, and April this year. The company said ingesting the medicines could result in life-threatening infections. Find the recalled products [here] (https://www.usatoday.com/story/money/nation-now/2018/08/23/king-bio-recall-childrens-medicines-microbial-contamination/1071691002/). Cheddar's Jill Wagner gets into the latest. Subscribe to the Need 2 Know newsletter [here](https://theneed2know.com).

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Apple posts stronger-than-expected Q2 results
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
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