Apple has released a sleeker and more expensive version of its lowest-priced iPhone in an attempt to widen the audience for a bundle of artificial intelligence technology.

The iPhone 16e unveiled Wednesday is the fourth-generation of a model that’s sold at a dramatically lower price than the iPhone’s standard and premium models.

It will carry a higher starting price at $600, a 40% increase from $430 for the last iPhone SE. But iPhone 16e will be more affordable than the cheapest standard iPhone 16 at $800.

The U.S. Senate on Wednesday confirmed Kelly Loeffler, a Georgia businesswoman and former senator, to lead the Small Business Administration, returning a stalwart supporter of President Donald Trump to Washington.

At SBA, Loeffler will oversee the entity that describes itself as the only Cabinet-level federal agency “fully dedicated to small business” by providing “counseling, capital, and contracting expertise as the nation’s only go-to resource and voice for small businesses.”

The Senate confirmed Loeffler on a 52-46 vote.