North America:

  • OpenAI has acquired Jony Ive's Io Products for $6.5 billion and secured funding for its Texas AI data center.
  • Microsoft is taking legal action against Lumma Stealer malware.
  • AT&T acquired Lumen's mass markets fiber business for $5.75 billion to expand its fiber network.
  • Nike is expanding its marketplace with new digital accounts and physical partners.
  • Amazon is testing AI-powered short-form audio summaries on product pages.
  • Analog Devices surpassed Q2 revenue estimates and forecasts higher Q3 revenue and profit.
  • UnitedHealth Group Inc. faced a stock downgrade and share price decline due to secret payments reports.
  • Walmart plans to eliminate 1,500 jobs to simplify operations and reduce expenses.
  • Honeywell International Inc acquired Johnson Matthey's Catalyst Technologies for $2.4 billion.
  • Sanofi acquired Vigil Neuroscience for $470 million, expanding its Alzheimer's treatment pipeline.

Europe:

  • LVMH CEO Bernard Arnault urged the EU to make concessions in US trade negotiations.
  • Generali reported a 9.4% increase in adjusted EPS and EUR1.19 billion net profit for Q1 2025.
  • UniCredit faces challenges in its bid for Banco BPM amidst regulatory suspensions.
  • Rio Tinto CEO Jakob Stausholm to step down in 2025, plans to increase bauxite production.
  • Novo Nordisk launched initiatives to enhance access to Wegovy amidst a federal compounding ban.
  • EasyJet reported a widened pre-tax loss but remains confident in meeting profit targets.
  • Vinci SA sold its 50% stake in the Mantiqueira power line in Brazil for $146.7 million.

Rest of the world:

  • Xiaomi plans to invest $27.8 billion in R&D and launch its electric SUV YU7 in July.
  • MercadoLibre announced CEO Galperin will step down in 2026, with Ariel Szarfsztejn as successor.
  • ITC Ltd reported an increase in quarterly profit, surpassing estimates.
  • Goldman Sachs merged its three Asian investment banking businesses into a single unit.
  • SingTel announced a 9% increase in underlying profit and a $1.5 billion buyback program.