North America:

  • Apple stock dropped 3% after President Trump announced a 25% tariff on Apple phones not made in the US.
  • YouTube appointed Justin Connolly as Global Head of Media and Sports.
  • Google faces multiple US Department of Justice investigations over its agreement with AI startup Character.AI.
  • Anthropic introduced a new AI model capable of autonomous coding for extended periods.
  • Amazon shareholders rejected a proposal to split the CEO and Chair roles.
  • Pershing Square bought Amazon shares and exited Canadian Pacific.
  • International Paper Co. announced the closure of five UK sites, resulting in 300 job losses.
  • FTC is investigating Media Matters for allegedly orchestrating advertiser boycotts against Elon Musk's X.
  • Microsoft acquisition of Activision Blizzard faced no further legal challenges from the FTC.
  • US Steel faces a divided US panel over Nippon Steel's acquisition bid, with US Steelworkers urging Trump to block it.
  • Bill Ackman's Pershing Square exited Canadian Pacific.

Europe:

  • GSK received FDA approval for its asthma drug Nucala for COPD treatment.
  • Bayer received regulatory approval for longer treatment intervals of its Eylea eye medication.
  • Rio Tinto CEO Jakob Stausholm is stepping down amid expansion into Chile's lithium sector.
  • UniCredit is appealing against Italian government's 'golden power' conditions affecting its Banco BPM acquisition bid.
  • Roche partnered with Broad Clinical Labs for next-gen sequencing technology and achieved FDA approval for Susvimo treatment.
  • Roche reported improved survival outcomes in lymphoma patients with its Columvi treatment.
  • Volvo Cars CEO announced customers will bear the cost of rising US tariffs, delaying the EX60 model launch.
  • Generali completed the sale of its stake in Generali Life Assurance Philippines to The Insular Life Assurance Company.

Rest of the world:

  • Caspian Pipeline Consortium (CPC) in Russia resumed operations after a drone attack.
  • Exxon Mobil Joliet refinery is operating at reduced capacity due to mechanical issues.
  • Reliance Industries increased Russian oil imports by 55% and plans a 750 billion rupee investment in India's Northeast.
  • Adani Group committed $5.8 billion to investment in India's Northeast.
  • Harmontronics Automation filed a lawsuit against CATL for delayed payments.
  • Kuwait Investment Authority and The Bank Of New York Mellon Corp increased long positions in CATL's H-shares.
  • Nestle plans to invest $89 million in its Brazil business by 2028.
  • Tata Consultancy Services is conducting an internal investigation into the hack at M&S.