North America:

  • Google faces conduct requirements from the UK CMA for fair search rankings and data portability.
  • Amazon risks billions in civil penalties from a potential FTC lawsuit over deceptive advertising practices.
  • SpaceX shares surged over 8% after listing, becoming the world's fifth-most valuable company.
  • Tesla faces scrutiny as two Democratic senators demand a full NHTSA investigation into its Full Self-Driving safety claims.
  • Citi launches a blockchain-based platform for institutional investors to trade tokenized shares of private companies.
  • Blue Origin is rebuilding its Cape Canaveral launch pad after a rocket explosion, aiming to resume launches by year-end.
  • Rivian announces a workforce reduction of less than 2% to accelerate profitability amid challenging market conditions.
  • AT&T announces CFO Pascal Desroches will retire at the end of 2026, with Jennifer Biry succeeding him in 2027.

Europe:

  • HSBC partners with Google Cloud to enhance AI capabilities in wealth management and financial crime risk management.
  • BMW cuts profit and margin forecasts for 2024 and 2026, citing a weakening Chinese market and Middle East conflict.
  • Accenture acquires Industries eXcellence Group (IndX) and partners with Unilever to enhance manufacturing software and AI capabilities.
  • Elekta announces revised financial targets for fiscal years 2025-2029, including adjusted EBIT margin goals.
  • Auto1 projects delivering 1.5 million vehicles annually by 2028, with significant growth in private-customer and dealer segments.
  • Leonardo secures new orders for 15 helicopters and 2 military transport aircraft, valued between EUR250 million and EUR450 million.
  • Hays sells operations in six European countries to Meraki Capital for £4 million to focus on core markets.
  • EssilorLuxottica partners with Applied Materials to develop AI-powered, augmented-reality smart glasses.

Rest of World:

  • OpenAI reported a Q1 2026 cash burn of $3.7 billion, exceeding half of its $5.7 billion revenue, considering a potential IPO.
  • China hires banks to arrange a potential €-bond issuance.
  • Yum China shares decline after announcing a $1.2 billion acquisition of Pizza Hut China.
  • Australia's Federal Court bans former Star Entertainment CEO Matthias Bekier for six years and fines him A$700,000.
  • Chinese technology firms are raising over $2 billion through Hong Kong IPOs, with six companies targeting a combined HK$19.8 billion.