Petroliam Nasional Bhd (Petronas), Malaysia's state-owned oil and gas enterprise, is set to reduce its workforce by approximately 10% as part of an overarching restructuring strategy to manage costs amid declining oil prices. CEO Muhammad Taufik announced that the company will reduce its personnel by over 5,000 employees and those affected will be notified in phases over the next year, alongside a hiring freeze extending to December 2026.

Hims & Hers Health Inc. $HIMS has taken a decisive step toward international growth by acquiring Zava, a private telemedicine provider with a strong foothold in Europe. The transaction grants Hims & Hers access to Zava’s 1.3 million active users and opens a clear path to offer its digital healthcare solutions across France, Germany, and Ireland. This move significantly accelerates the company's ability to serve a broader, diversified patient population within critical European markets.

The iShares Bitcoin Trust $IBIT, managed by BlackRock Inc. $BLK, experienced the most significant monthly net inflow in its history during May 2025. As Bitcoin $BTCUSD reached new all-time highs, the ETF attracted over 6.35 billion USD in fresh capital, marking a notable acceleration in institutional engagement with cryptocurrency-backed products.