news

Wednesday, September 2

World

Students and opposition activists targeted with spyware in SerbiaFT · 2m
Trump administration backs OpenAI in New York Times copyright battleFT · 29m
Winter Is Approaching and Europe Is Running Low on Natural GasWSJ · 34m
After 286 Days at Sea, 5,000 Sailors on the USS Abraham Lincoln Get a Break in ThailandWSJ · 58m
Badenoch takes on Burnham after shake-up of her top teamFT · 1h
Russia Is Testing NATO’s Ability to Hold Back From a Hot WarWSJ · 1h
Gunfight in Kyiv Deepens Feud Between Ukraine’s Powerful Spy AgenciesWSJ · 1h
Chevron to double Venezuela oil production with $7bn pledgeFT · 1h
EU accelerates plans to break up diplomatic serviceFT · 1h
The wrong way to revive Venezuela’s economyFT · 1h
China’s Xi Bolsters Mideast Ties With Egypt Visit Ahead of Planned U.S. TripWSJ · 2h
How refugee camps become mini-economiesFT · 2h
Energy price surge hits bond markets as European gas reaches three-year highFT · 2h
California opines on who profits from wildfires but not on who paysFT · 2h
Opinion | The Navy’s Overstretched Carrier FleetWSJ · 2h
The Restore Britain backer who once gave money to the Lib DemsFT · 2h
Himalayan Disaster Tests China’s Clout as Regional LeaderWSJ · 2h
Morocco in spotlight as Spanish police report sparks Ceuta blame gameFT · 3h

Spain’s interior minister has pressed the police chief for clarification after a police probe allegedly implicated Moroccan security forces in organizing the recent surge of migrants reaching the country. The minister’s request for answers follows reports that the investigation points to Morocco’s role in the influx, a claim that has heightened diplomatic sensitivities. In parallel, other media outlets have noted that Spanish intelligence has also suggested a Moroccan connection, while separate statements have linked the situation to Israel, according to i24NEWS. The developments have intensified calls for transparency from both the police and the government regarding the origins of the migrant flow.

Uber to axe 10% of its workforce in biggest cuts since pandemicFT · 3h

Uber announced plans to reduce its global workforce by roughly 10%, eliminating about 3,300 positions. The company said the cuts are part of a major restructuring aimed at flattening management layers as competition intensifies in the food‑delivery market and the emerging robotaxi sector. Uber’s move follows similar actions by other tech firms seeking to streamline operations amid heightened rivalry and evolving transportation technologies. The layoffs will affect employees worldwide, though specific timelines and departmental impacts were not detailed.

UK mortgage borrowers urged to lock in deals before rates riseFT · 3h
Tory attempts to repeal the UK Climate Act are tin-earedFT · 3h
Zelenskyy issues reprimand after security agencies’ Kyiv shootoutFT · 4h
Burnham tries to calm bond markets as public spending fears mountFT · 4h
In Daylight Raid Backed by Drones, Israel Seizes Senior Hamas MilitantWSJ · 4h
Dubai’s international schools reopen in test of confidenceFT · 4h
Opinion | Trump’s Policy on Venezuela Could Entrench an OligarchyWSJ · 4h
Ukraine tells airlines to stop using Russian airspaceFT · 5h

Ukrainian President Volodymyr Zelenskyy warned that “safe days in Russia’s skies are over” and urged airlines to stop using Russian airspace. He said the move reflects an intensification of Ukrainian drone operations against Russia and signalled the possibility of additional drone strikes. Zelenskyy also told the International Civil Aviation Organization that Russian airspace is unsafe for civil aviation, calling on carriers to avoid it. The statements were reported by multiple outlets, including the BBC, CNBC, Al Jazeera and others.

Best High-Yield Savings Accounts for September 2026: Up to 4.50%WSJ · 5h
US launches further strikes on Iran as conflict flares upFT · 5h

The United States carried out additional airstrikes against targets in Iran as hostilities between the two nations intensified. The escalation has lifted crude‑oil prices and driven U.S. Treasury yields to their highest levels of the day, prompting market participants to voice concerns about a potential new wave of inflation. Analysts note that the renewed fighting raises the risk of a broader regional conflict, while investors watch the impact on energy markets and interest‑rate expectations.

U.S. Says It’s Fed Up With China’s Overcapacity—and More Countries AgreeWSJ · 6h

The United States said it is “fed up” with China’s overcapacity, and a G‑20 statement echoed that criticism by implicitly targeting Beijing’s reliance on exports for growth. The wording, which signals broader international concern, marks a new stage of pressure on China from multiple countries. The statement reflects a growing consensus among major economies that Chinese export‑driven expansion is unsustainable and warrants coordinated scrutiny. No further details on specific actions or agreements were provided.

OpenAI Lawsuits Mount Over Canadian School ShootingWSJ · 7h

New lawsuits have been filed against OpenAI, bringing the total number of cases that question the safety of its products to at least 30. The latest filings are linked to the Tumbler Ridge school shooting in British Columbia, Canada, and were filed by a law firm on behalf of survivors and other plaintiffs. The suits allege that OpenAI executives prioritized the company’s image over safety concerns related to the incident. The litigation adds to earlier claims that the chatbot maker’s technology may have contributed to the mass‑shooting.

What Japan’s bond sell-off means for global marketsFT · 7h
Germany blames Russia for Leipzig drone attackFT · 7h
UK Prime Minister Says Government Will Be ‘Grounded in Fiscal Responsibility’WSJ · 7h
Burnham and Macron to meet as Bayeux Tapestry unveiledFT · 7h
Growth is a life-and-death matter for EuropeFT · 7h
Indonesia’s lessons for the global energy transitionFT · 8h
Germany Blames Russia for Explosive Drones Sent to Leipzig AirportWSJ · 9h
FirstFT: US-Iran hostilities reignite surge in energy pricesFT · 9h
Treasury Yields Hit New Highs as World Leaders Squabble at Fractured G-20WSJ · 9h
The Island Paradise That Is a Secret Hub for Russian Sanctions EvasionWSJ · 18h

The Maldives has emerged as a conduit for Western goods destined for Moscow, facilitating the movement of hundreds of millions of dollars in merchandise despite international sanctions on Russia. The island nation’s role as a secret hub highlights challenges in enforcing sanctions and monitoring trade routes used to bypass restrictions.

G-20 Squabbling Overshadows Summit as Global Bond Markets StrainWSJ · 18h
The Island Paradise That Is a Secret Hub for Russian Sanctions EvasionWSJ · 18h

The Maldives has emerged as a conduit for Western goods destined for Moscow, facilitating the movement of hundreds of millions of dollars in merchandise despite international sanctions on Russia. The island nation’s role as a secret hub highlights challenges in enforcing sanctions and monitoring trade routes used to bypass restrictions.

U.S. and Iran Trade Strikes in Latest Fight for Control of HormuzWSJ · 18h
U.S. and Iran Trade Strikes in Latest Fight for Control of HormuzWSJ · 18h
Apple Updates Maps to Show Lake America to U.S. UsersWSJ · 21h

Apple has revised its Maps application for iPhone users in the United States to label the body of water previously known as Lake Ontario as “Lake America.” The change mirrors a similar update made by Google to its own mapping service. Both adjustments follow an order issued by President Trump directing the renaming of Lake Ontario. Apple’s update reflects the company’s compliance with the presidential directive and aligns its map data with the new nomenclature for U.S. users. The rename appears in the app’s search results and map labels for locations surrounding the lake.

Opinion | Germany Calls Out Putin’s ‘Hybrid’ WarWSJ · 21h

Germany’s interior minister said the recent drone attack on an airport was carried out by Russia, describing it as part of President Vladimir Putin’s “hybrid” warfare strategy. The minister’s remarks linked the incident to broader Russian tactics that blend conventional and unconventional means. The comment reflects Germany’s stance on attributing hostile actions to Moscow. No further details were provided about the attack or any response. German officials said they will continue to monitor the situation and consider appropriate measures.

Opinion | The ‘Segal Issue’ and U.S.-Canada TradeWSJ · 22h

Business

Thoma Bravo-Owned Proofpoint in Talks to Buy Cybersecurity Firm VaronisWSJ · 5m
U.S. Government Backs OpenAI in Copyright Fight With PublishersWSJ · 12m
Trump’s Tactics to Lower Beef Prices and Appease Ranchers Fall ShortNYT · 30m
Google Avoids Breakup of Dominant Ad Tech BusinessWSJ · 46m
Chevron to Invest $7 Billion in Venezuela, Doubling ProductionWSJ · 53m
Chevron to double Venezuela oil production with $7bn pledgeFT · 1h
FiveThirtyEight’s Podcast Hosts Reunite for a New ShowNYT · 1h
The wrong way to revive Venezuela’s economyFT · 1h
Uber’s $15 Billion Takeover Bid Gets Delivery Hero Board BackingWSJ · 2h
BP gets the chair it wants rather than the one it neededFT · 2h
Two More Oil Tankers Are Attacked in the Strait of HormuzNYT · 2h
California opines on who profits from wildfires but not on who paysFT · 2h
Aurora Cannabis Rejects Curaleaf Offer as InadequateWSJ · 2h
Energy & Utilities Roundup: Market TalkWSJ · 2h
AI spots cyber gaps faster than financial firms can fix themFT · 2h
Chevron Expansion in Venezuela Extends U.S. Influence Over Oil RichesNYT · 2h
Uber to axe 10% of its workforce in biggest cuts since pandemicFT · 3h

Uber announced plans to reduce its global workforce by roughly 10%, eliminating about 3,300 positions. The company said the cuts are part of a major restructuring aimed at flattening management layers as competition intensifies in the food‑delivery market and the emerging robotaxi sector. Uber’s move follows similar actions by other tech firms seeking to streamline operations amid heightened rivalry and evolving transportation technologies. The layoffs will affect employees worldwide, though specific timelines and departmental impacts were not detailed.

Investors Still on Edge Over War, Debt and InflationNYT · 3h
Employer Health Costs Are Expected to Spike in 2027NYT · 3h
U.S. Crude Oil Stockpiles See Larger-Than-Expected DropWSJ · 3h
Global Bond Rates Are Rising. What Should You Do Now?NYT · 3h
UK mortgage borrowers urged to lock in deals before rates riseFT · 3h
ENRC settles with UK prosecutors and former lawyers over abandoned probeFT · 3h
A vital tenet of US equity markets is under threatFT · 4h
Japan Activation Capital Pushing Companies to Take Risks, From WithinWSJ · 4h
Opinion | Aluminum Tariffs Harm U.S. ManufacturersWSJ · 4h
Opinion | Trump’s Policy on Venezuela Could Entrench an OligarchyWSJ · 4h
Advent International Looking for More Australia, New Zealand Healthcare OpportunitiesWSJ · 5h
Southwest Airlines Jumps Into the Airport Lounge CompetitionWSJ · 5h
Southwest Airlines Jumps Into the Airport Lounge CompetitionWSJ · 5h
Ukraine tells airlines to stop using Russian airspaceFT · 5h

Ukrainian President Volodymyr Zelenskyy warned that “safe days in Russia’s skies are over” and urged airlines to stop using Russian airspace. He said the move reflects an intensification of Ukrainian drone operations against Russia and signalled the possibility of additional drone strikes. Zelenskyy also told the International Civil Aviation Organization that Russian airspace is unsafe for civil aviation, calling on carriers to avoid it. The statements were reported by multiple outlets, including the BBC, CNBC, Al Jazeera and others.

How to Spend Six Years Inventing a $499 Toothbrush With ‘No Idea’ of the MarketWSJ · 5h
Brown-Forman Quarterly Sales Slip on Tequila SlowdownWSJ · 5h
FT Wealth: SeptemberFT · 6h
Saturday Evening Post Will Stop Printing After 205 YearsNYT · 6h
Bill Simmons’s Co-Hosts Are Tired of His A.I. AnticsNYT · 6h
AIG’s Zaffino Stepping Down as Chairman, Joining PalantirWSJ · 7h
OpenAI’s Astra Model Can Hack With Minimal Human HelpWSJ · 7h
Trucking Crackdown Accelerates in U.S.WSJ · 8h
The Morning Risk Report: The Island Paradise That Is a Secret Hub for Russian Sanctions EvasionWSJ · 8h
Indonesia’s lessons for the global energy transitionFT · 8h
How Brunswick Is Using AI and Marine Cruise Control to Raise Prices on BoatsWSJ · 8h
AI Startup Wonderful Hits $5 Billion Valuation, Plans 1,000-Strong TeamWSJ · 8h
FirstFT: US-Iran hostilities reignite surge in energy pricesFT · 9h
Ford aims for Nato defence deals as it bids to build UK’s new military vehicleFT · 9h
The best, worst and strangest ways AI is really being used at workFT · 9h
Treasury Yields Hit New Highs as World Leaders Squabble at Fractured G-20WSJ · 9h
Soccer Metaphors, Sunday Calls—How Voya’s CEO Guides Her TeamWSJ · 9h
Ryanair Cuts Traffic Target to Reduce Exposure to Unhedged Winter OilWSJ · 9h
Your Nonalcoholic Beer May Actually Have Some Alcohol in ItWSJ · 9h
Elon Musk Wants to Make Power-Turbine Components. It Won’t Be Easy.WSJ · 9h
Your Nonalcoholic Beer May Actually Have Some Alcohol in ItWSJ · 9h
Get to Know Your Phone’s Built-In Emergency KitNYT · 10h
Inside the Fight Against a Flesh-Eating Fly in MexicoNYT · 10h
The Conservative Radio Hosts Dominating the AirwavesWSJ · 10h
The Conservative Radio Hosts Dominating the AirwavesWSJ · 10h
Ryanair warns of higher fares as it cuts winter flightsFT · 10h
BP Names Replacement for Chairman Ousted Over Bullying ConcernsWSJ · 11h
EV batteries last longer than drivers fearedFT · 11h
Volvo Car Sales Slip on China, U.S. WeaknessWSJ · 11h
Bvlgari’s Laura Burdese: ‘We don’t have this anxiety to keep on launching things’FT · 12h
Italian Gaming Group Lottomatica to Merge With Spain’s CirsaWSJ · 12h
BP names new chair as it tries to move on from Albert ManifoldFT · 12h
TPG Files Confidential IPO Application for Malaysia Hospital Assets Valued at Around $8 BillionWSJ · 13h
Germany loses its shine in the EU’s quest for green investmentFT · 14h
Back to school: meet PE’s new headmastersFT · 15h
AI sounds the death knell for audit fee inflationFT · 15h
Maersk to install first wind sail on container shipFT · 15h
Mbappé-backed health start-up expands to west AfricaFT · 15h
German industry pushes to restore 40-hour working week without extra payFT · 15h
At G20 Meeting, Scott Bessent Accuses China of Flooding the World With Cheap ExportsNYT · 15h
Missouri Voters Appear to Recall City Councilman Over Data Center SupportNYT · 16h
Apple to Give New CEO $3 Million SalaryWSJ · 16h
Apple to Give New CEO $3 Million SalaryWSJ · 16h
Trump Wants Big Oil to Build More Refineries. That’s a Tough Sell.WSJ · 17h
Shein’s Lackluster Debut Shows a Fast-Fashion Model Left BehindNYT · 17h
Volkswagen Fights Chinese Competition—and Its Own Board—in Battle to SurviveWSJ · 18h
The Island Paradise That Is a Secret Hub for Russian Sanctions EvasionWSJ · 18h
Volkswagen Fights Chinese Competition—and Its Own Board—in Battle to SurviveWSJ · 18h
Bond Sell-Off Threatens to Squeeze Borrowers Around the WorldNYT · 18h
Can Evan Spiegel Sell the World on $2,195 Smart Glasses?WSJ · 19h
Alimentation Couche-Tard First-Quarter Profit Gains on Fuel Sales GrowthWSJ · 19h
A Half-Price Luxury E.V. Comes With a Big AsteriskNYT · 20h

Current incentives have reduced the effective price of the Polestar 4 by roughly fifty percent, prompting analysts to label the deal as a bargain relative to competing luxury EVs. The price cut stems from federal and state tax credits, dealer rebates and promotional financing, which together halve the sticker price. While the vehicle itself receives praise for its solid build and performance, the manufacturer, a Chinese‑owned brand, is confronting regulatory actions that are compelling it to withdraw from the United States market. Industry observers note that the discount may not offset the broader challenges the brand faces in securing a foothold amid heightened scrutiny of Chinese‑owned automotive firms.

Palo Alto Projects Double-Digit Growth as AI Drives Cybersecurity SpendingWSJ · 22h
Music Artists Sue AI Song Generator Suno Over Alleged CopycatsWSJ · 22h
Dell Technologies Boosts Fiscal Year Outlook by $25 Billion as Server Revenue SurgesWSJ · 22h

Markets & Economy

KKR Scores Windfall in $17B Sale of USI InsuranceBBG · 4m
Lilly to Buy Merida for $2.88B in Autoimmune PushBBG · 14m
JPMorgan’s Blessing Sees Dealmaking on Track for Record YearBBG · 19m
S&P Weighs Multibillion-Dollar Spinout of Data Unit CapIQBBG · 19m
U.S. Stocks Climb as Bond Yields Stay in SpotlightWSJ · 27m
Winter Is Approaching and Europe Is Running Low on Natural GasWSJ · 34m
Pets, Health & Wellness Seen As Top Consumer InvestmentsBBG · 40m
2026 Could Set M&A Record: JPMorgan's BlessingBBG · 48m
Fed’s Beige Book Shows Economic Activity Up ModestlyBBG · 57m
Two Sigma’s Overdeck Says Control of Firm a Concern in DivorceBBG · 1h
Wright & Wirth on Venezuela Oil Push | Open Interest 9/2/2026BBG · 1h
Gold Futures Edge Up as Treasury Yields EaseWSJ · 1h
Chevron to double Venezuela oil production with $7bn pledgeFT · 1h
Highlights From the Messy Divorce Trial of a Hedge-Fund TitanWSJ · 1h
Dutch central bank moves gold bars out of New York over ‘geopolitical unrest’FT · 1h
The wrong way to revive Venezuela’s economyFT · 1h
Kalshi Seeks Never-Expiring Oil Futures Amid 24/7 Trading DebateBBG · 1h
UVA’s Situational Awareness Bet Fueled Record Year Before TumultBBG · 2h
Energy price surge hits bond markets as European gas reaches three-year highFT · 2h
BP gets the chair it wants rather than the one it neededFT · 2h
Auto & Transport Roundup: Market TalkWSJ · 2h
Basic Materials Roundup: Market TalkWSJ · 2h
Financial Services Roundup: Market TalkWSJ · 2h
Fed Watchdog Flags Questions Around Confidential InformationBBG · 2h
AI spots cyber gaps faster than financial firms can fix themFT · 2h
Brent Above $95 after Larger-Than-Expected Drop in U.S. StocksWSJ · 2h
US Lawmakers Pass Africa Trade Preference Extension to 2028BBG · 3h
Circle K Owner Says Inflation, Fuel Costs Curb Consumer SpendingBBG · 3h
Stocks, Bonds Bounce as Oil Halts War-Fueled RallyBBG · 3h
US and Iran Renew Fighting, Global Bond Rout DeepensBBG · 3h
Why Florida Rep. Moskowitz Isn't Running Away From AIPACBBG · 3h
Energy Prices Surge, Reviving Inflation Fears as Winter NearsBBG · 3h
In Surprise Twist, California Lawmakers Fail to Pass Watered-Down Wildfire BillWSJ · 3h
U.S. Crude Oil Stockpiles See Larger-Than-Expected DropWSJ · 3h
Fashion Empire Azzas 2154 to Split Two Years After Failed MergerBBG · 3h
Senegal’s Bond Selloff Reveals Investor Angst on Debt ReworkBBG · 3h
Borrowing Isn’t the Bond Market’s Only Concern—Growth Is TooWSJ · 3h
Danish Central Bank Intervenes Again to Defend Currency PegBBG · 3h
Burnham tries to calm bond markets as public spending fears mountFT · 4h
A vital tenet of US equity markets is under threatFT · 4h
Japan Activation Capital Pushing Companies to Take Risks, From WithinWSJ · 4h
Bessent Leaves BOJ in No-Win Situation Over Japan Rate HikesBBG · 4h
S&P 500 Gains After Three-Day Skid as Oil Prices Halt AdvanceBBG · 5h
Lingering Heat Supports U.S. Natural Gas FuturesWSJ · 5h
Advent International Looking for More Australia, New Zealand Healthcare OpportunitiesWSJ · 5h
Investor David Booth on Life, Stocks and (Not) Trying to Beat the MarketWSJ · 5h
Bank of Canada Holds Rates and Flags Inflation Risks; Bonds DropBBG · 5h
Spain’s Push on Undocumented Migrants Distorts Labor StatisticsBBG · 5h
Fed’s Warsh Lays Out Data Dashboard to Read US EconomyBBG · 5h
Fed’s Williams Says Inflation Continuing to Trend DownBBG · 6h
ADP Says US Companies Added 38,000 Jobs in AugustBBG · 6h
Dutch Shift Gold to London From US on Geopolitical UnrestBBG · 6h
US Companies Added 38,000 Jobs in August, ADP Data ShowBBG · 6h
What Japan’s bond sell-off means for global marketsFT · 7h
Apollo’s Slok Says US Yields Set to Rise on Iran War, TariffsBBG · 7h
G20 Examines Debt Distress in Others, While Ignoring Own ChallengesBBG · 8h
Indonesia’s lessons for the global energy transitionFT · 8h
Logistics Costs and Inflation ConcernsBBG · 8h
SNB Bank Council Leadership Will Change With Ammann AppointedBBG · 8h
Ghana Inflation Resumes Upswing, Supports Case for Rate HoldBBG · 8h
Broadcom’s AI Success Story Gets ComplicatedWSJ · 8h
Elon Musk Wants to Make Power-Turbine Components. It Won’t Be Easy.WSJ · 9h
Euro Falls, Deemed Vulnerable Due to High Energy PricesWSJ · 10h
Stock Market Today: Treasury Selloff Pauses While Stocks RiseWSJ · 10h
European Equities Mixed in Muted TradeWSJ · 11h
BP names new chair as it tries to move on from Albert ManifoldFT · 12h
France’s debt crisis-in-waitingFT · 13h
So how big *was* Bessent’s yentervention?FT · 14h
Wheat Wavers as Traders Mull Impact of Russia, Ukraine ConflictBBG · 15h
Back to school: meet PE’s new headmastersFT · 15h
Advisory firm Interpath looking for its own US dealFT · 15h
Russia secretly helping Iran develop supersonic missilesFT · 15h
Japan Vows to Keep Eye on Yen as Inflation Fears RiseWSJ · 17h
Gold Rises as Dollar Pushes Lower While Traders Weigh Fed PathBBG · 19h
Bessent Says China Prevented G20 Communique Over Imbalance SpatBBG · 19h
A Guide to Owning Bonds When They Are Selling OffWSJ · 20h
Stocks Rise as Buyers Scoop Up Bargains After Rout: Markets WrapBBG · 21h
Opinion | Hurray for the Bond MarketWSJ · 21h
5 of the Top Financial Advisor Companies for Retirees: Well-Known Fiduciary Firms to ConsiderWSJ · 21h
US diesel prices soar as Trump hauls in refinersFT · 21h
U.S. Stocks Fall as Oil, Bond Yields Spike, U.S.-Iran War Heats UpWSJ · 22h
US defends Venezuela deal as Chevron prepares to expand operationsFT · 22h
Bond Yields Around the World Soar in Challenge to Government BorrowingWSJ · 22h
Middle East Conflict Sends Oil Up, Bonds DownWSJ · 23h
Warsh and peaceFT · 23h
Oil Prices Push Global Bond Market Closer to the EdgeWSJ · 23h

Tech

Students and opposition activists targeted with spyware in SerbiaFT · 2m
U.S. Government Backs OpenAI in Copyright Fight With PublishersWSJ · 12m
Trump administration backs OpenAI in New York Times copyright battleFT · 29m
Google Avoids Breakup of Dominant Ad Tech BusinessWSJ · 46m
Time is running out for the leap secondFT · 1h
New York City Temporarily Bans AI in Classrooms Through Middle SchoolWSJ · 1h
Health Care Roundup: Market TalkWSJ · 2h
AI spots cyber gaps faster than financial firms can fix themFT · 2h
Uber to axe 10% of its workforce in biggest cuts since pandemicFT · 3h

Uber announced plans to reduce its global workforce by roughly 10%, eliminating about 3,300 positions. The company said the cuts are part of a major restructuring aimed at flattening management layers as competition intensifies in the food‑delivery market and the emerging robotaxi sector. Uber’s move follows similar actions by other tech firms seeking to streamline operations amid heightened rivalry and evolving transportation technologies. The layoffs will affect employees worldwide, though specific timelines and departmental impacts were not detailed.

Nvidia and CrowdStrike Develop New Cybersecurity AI ModelsWSJ · 6h
Germany blames Russia for Leipzig drone attackFT · 7h
AI Startup Wonderful Hits $5 Billion Valuation, Plans 1,000-Strong TeamWSJ · 8h
Broadcom’s AI Success Story Gets ComplicatedWSJ · 8h
The best, worst and strangest ways AI is really being used at workFT · 9h
AI sounds the death knell for audit fee inflationFT · 15h
The race to stop AI from designing bioweaponsFT · 15h
National data centre projects are consolidating America’s AI leadFT · 15h
Can Evan Spiegel Sell the World on $2,195 Smart Glasses?WSJ · 19h

Snap Inc. is pressing ahead with a $2,195 smart‑glasses offering even as the company grapples with profitability concerns. CEO Evan Spiegel is doubling down on the hardware initiative, a move that has prompted caution among some investors. The strategy reflects Snap’s broader effort to diversify beyond its core social‑media platform, though the high price tag and uncertain market reception have raised questions about the venture’s financial outlook.

Can Evan Spiegel Sell the World on $2,195 Smart Glasses?WSJ · 19h

Snap Inc. is pressing ahead with a $2,195 smart‑glasses offering even as the company grapples with profitability concerns. CEO Evan Spiegel is doubling down on the hardware initiative, a move that has prompted caution among some investors. The strategy reflects Snap’s broader effort to diversify beyond its core social‑media platform, though the high price tag and uncertain market reception have raised questions about the venture’s financial outlook.

Tim Cook handed $47mn pay deal as Apple’s executive chairFT · 19h

Apple announced that former chief executive Tim Cook will assume the newly created role of executive chair with a compensation package valued at $47 million. The move is seen as signaling a substantial role for Cook within the company’s leadership. At the same time, Apple’s newly appointed chief executive John Ternus is set to receive a compensation package worth $58 million. Both packages underscore the company’s emphasis on retaining top executives as it navigates its next phase of growth.

China’s real robot revolution is not about humanoidsFT · 20h

China is advancing a “real robot” revolution that emphasizes mass production and robust supply‑chain capabilities rather than the development of humanoid machines. By leveraging its capacity to scale manufacturing and coordinate extensive logistics networks, the country aims to reshape the global robotics industry. This strategy positions China to challenge established players worldwide, focusing on practical, high‑volume robot applications that can be rapidly deployed across various sectors.

Opinion | Young Americans and the Flock Camera ControversyWSJ · 21h
Apple Updates Maps to Show Lake America to U.S. UsersWSJ · 21h
Opinion | When AIs Say They’re SentientWSJ · 22h
New Google AI Model Said to Narrow Gap on Coding AbilityWSJ · 22h
New Google AI Model Said to Narrow Gap on Coding AbilityWSJ · 22h
Opinion | Protect the Earth—Build More Data CentersWSJ · 22h
Tech, Media & Telecom Roundup: Market TalkWSJ · 22h
OpenAI to Restrict Astra Model After Rating It ‘Critical’ Cyber RiskWSJ · 22h
OpenAI to Restrict Astra Model After Rating It ‘Critical’ Cyber RiskWSJ · 22h
Russia secretly helping Iran develop supersonic cruise missilesFT · 23h
The Apple Empire That John Ternus Inherits—by the NumbersWSJ · 23h
The Apple Empire That John Ternus Inherits—by the NumbersWSJ · 23h

Deal Flow

M&A / Strategic

US oil company North American Blue Energy Partners will take over some Venezuela oilfields previously controlled by Chinese and Russian firms8h
Kroenke Sports & Entertainment will acquire MLB team Los Angeles Angels from the Moreno family at a $4B valuation8h
UK retailer Frasers Group plans to raise its stake in $3B-listed Hugo Boss from 48% to above 50% after its recent cash bid fell short of control8h
Veritas Capital will acquire UK industrial heat treatment specialist Bodycote for $2.2B after raising its bid above CVC's8h
HSBC joined a race against Brookfield, Warburg Pincus, EQT, CVC, Permira, Chrys Capital, and General Atlantic for a 54% stake in India's Nuvama Wealth and Investment from Asian PE firm PAG, which could fetch a $1.8B valuation8h
Azerbaijan's state-owned oil firm SOCAR will acquire stakes in Comstock Resources' Haynesville shale assets and related midstream business for $1.65B cash8h
PE firm Epiris agreed to buy UK's Gamma Communications for $1.4B following a months-long takeover saga8h
Yellow Wood Partners will acquire food giant Nestle's mainstream vitamins and supplements business for $1B8h
H.I.G. Capital is exploring a $1B sale of drug manufacturer Rising Pharmaceuticals8h
Yogurt maker Chobani will re-acquire a stake from Keurig Dr Pepper along with a manufacturing facility for $925M8h
$600M-listed Mexican telecoms provider Axtel will allow Flō Networks to compete in bidding against a group led by co-chairman Tomás Milmo Santos for 100% of the firm8h
Student housing operator The Scion Group and Ares bought four student housing communities in the South from Schenk+ for $435M8h
Norwegian oil firm DNO agreed to buy UK's Capricorn Energy for $395M after outbidding rival Genel Energy8h
Starman Optical will acquire GoPro for $285M cash at a 30% premium8h
Shell will take full ownership of Tennessee-based convenience store operator Tri Star Energy from majority owners The Parman Corporation and Kimbro Oil Company8h
UAE developer Binghatti is in talks with a major entity on partnerships worth billions of dollars after it suspended IPO plans8h
French lender SocGen will acquire telecom Altice's 50% stake in OXG, a German fiber JV with Vodafone8h
South African grocer Shoprite acquired the Vida e Caffè coffee chain and a majority stake in telecom vending machine firm R&A Cellular8h
Bombardier will acquire a Canadian factory from supplier Mitsubishi Heavy Industries8h

VC

AI coding startup Cognition is set to raise a $1B round at a $47B valuation8h
Cornerstone Robotics, a Hong Kong–based surgical robotics company, raised a $700M strategic investment from Medtronic8h
Israeli HR software firm HiBob raised a $166M round at an over $3.2B valuation led by Salesforce8h
Felix Pago, a stablecoin remittance company, raised a $200M Series B led by a16z8h
Physical Superintelligence, an AI-native physics lab and virtual physicist platform, raised a $58M seed round led by Breakthrough Energy Ventures8h
AIR, an AI security startup, raised $50M across two seed rounds led by Sequoia and Greenoaks respectively8h
Light, the power company enabling embedded electricity products for businesses, raised a $46M Series A led by Matrix8h
SciFin, a revenue-context startup for sales and RevOps, raised a $44M seed round co-led by Altimeter and Madrona8h
Empirik.ai, an autonomous infrastructure engineering startup, raised a $21M seed round from Sequoia, S32, Canapi Ventures, and Alumni Ventures8h
Stack Health, an alternative to group health insurance startup, raised a $21M seed round led by 8VC8h
Norbert Health, a physical AI control system for healthcare, raised a $14M Series A led by William A. Marino with Cardinal Group8h
Aranya, a company converting bare metal into production-ready GPU clusters, raised $11M across a $2M pre-seed led by Asylum Ventures and a $9M seed led by First Round Capital8h
Frontier Computing, a living brain-cell computing startup, raised a $10M pre-seed round led by General Catalyst8h
Visko, an AI research company pioneering Live Models, raised a $10M pre-seed round led by Llama Ventures8h
Entity, a gaming infrastructure startup, raised a $5.8M seed round from Delta Partners, Elkstone Partners, and others8h

IPOs / Listings / Issuances / Block Trades

Indian auto parts maker Victura Technologies is in talks to raise $300M in an India IPO8h
SoftBank-backed data center firm SB Energy filed for an IPO8h
Philippine fast-food giant Jollibee Foods will change its IPO location for its international unit from US to Hong Kong8h

Debt

South Korea plans to sell a near-record $162B of bonds in 2027 to fund fiscal agenda8h
Saudi Arabia sold $3.25B of dollar bonds8h
AI cloud firm Nscale raised a $3B DDTL led by JPMorgan and Goldman Sachs8h

Bankruptcy / Restructuring / Distressed

Senegal's eurobonds fell after it announced a debt restructuring under a G20 framework and agreed to a $2.2B bailout from IMF8h
A judge ruled FDIC isn't required to return $1.7B to creditors of failed Silicon Valley Bank8h
Global steel giant ArcelorMittal dropped its planned takeover of a JV with struggling Italian car part manufacturer CLN-Coils Lamiere Nastri after Italy imposed restrictions, paving way for a domestic rival to take control8h

Reforma

Atacan a balazos al director de PC de MazatlánNacional · 2h
Confirma Presidenta pesquisas sobre amigo de 'Andy'Nacional · 3h
Urge a funcionarios gobernar sin extravaganciasNacional · 3h
Cuando el hospital está lejos de casaPortada · 6h
Pide Sheinbaum humildad, y en turismo puro lujoPortada · 8h
Preocupa a expertos filtro militar a la IEDPortada · 8h
Exhibe apagón fragilidad de la CFE en la PenínsulaPortada · 8h
Más impuestos al alcohol, snacks, sopas, enlatados...Portada · 8h