Apparently, The Sun article was based on the fact that Meghan and Harry's charity, Archewell, had applied for a trademark for "providing recognition and incentives by the way of awards to entities and individuals who have made significant charitable contributions; providing recognition and incentives by the way of awards to demonstrate excellence in the field of community service and charitable giving."
However, that does not necessarily mean they will create an awards ceremony to rival the Queen's--or that they even want to.
Piers Morgan also brought up the question of Meghan and Harry's "rivalry" during Good Morning Britain--and it was clear whose side he was on.
He said, "They have applied for their own rival Honors List. Who are these people?"
The Sun article also suggested that the royal couple had run into some trouble when attempting to trademark the name 'Archewell' in the United States.
"US government lawyers rejected the application because their papers were vague and not signed," the article alleged.
However, both rumors have been labeled false by the press secretary for Archewell, Toya Holness.
Holness explained to Newsweek: "We look forward to sharing more about Archewell's work in the weeks ahead but any suggestion that it is intended to rival the U.K. honors list is false."
"Furthermore, the trademark application has followed the normal course of business for the US Trademark process and any suggestion otherwise is also false," she added.