The United States' ambitious clean energy transition faces a significant legislative threat. A sweeping bill introduced in the House of Representatives—dubbed the “Megabill”—aims to overhaul federal spending, including revisions to renewable energy subsidies. An analysis by POLITICO reveals that up to 794 planned clean electricity facilities, primarily in Republican-held districts, are now at risk of losing critical financial support if the bill passes without amendment.
Cirsa, the Spain-based gaming and casino company owned by private equity firm Blackstone Inc. $BX, has officially announced its intention to launch an initial public offering (IPO) on the Madrid Stock Exchange later this year. The move is designed to raise up to €460 million ($529 million) through a combination of newly issued shares and a secondary offering.
Italy’s Antitrust and Consumer Protection Authority (AGCM) announced on Monday the opening of an official investigation into DeepSeek, a Chinese artificial intelligence startup, citing concerns over the dissemination of potentially false or misleading content generated by its AI systems. The probe focuses on consumer protection violations, particularly the company’s failure to explicitly warn users about the risk of so-called AI hallucinations—a term used to describe fabricated or inaccurate outputs produced by large language models.
Sun Pharmaceutical Industries Ltd $SUNPHARMA.NS, the largest drugmaker in India by revenue, announced a significant leadership change on Friday. Kirti Ganorkar has been appointed as managing director, effective September 1, marking a strategic evolution in the company’s executive management. Meanwhile, Dilip Shanghvi, the founding leader who has been instrumental in shaping Sun Pharma’s growth, will continue to serve as executive director and chair the board, ensuring continuity in governance.
The proposed $13.25 billion all-stock merger between Omnicom Group Inc. $OMC and Interpublic Group of Companies Inc. $IPG, two of the world’s leading advertising conglomerates, has attracted heightened regulatory attention. According to a New York Times report published Thursday, the U.S. Federal Trade Commission (FTC) may impose behavioral conditions on the combined entity—particularly restricting any potential boycott of media platforms based on political content.
A high-stakes political clash between billionaire entrepreneur Elon Musk and former U.S. President Donald Trump has sent ripples through both Wall Street and Silicon Valley. Musk admitted on Wednesday that he regrets several social media posts made during last week’s public feud with Trump, his one-time political ally. The fallout has already impacted Tesla Inc. $TSLA and cast doubt on future public-private collaborations under a potential second Trump administration.
Suzuki Motor Corporation $7269.T, one of Japan’s major automotive manufacturers, has announced a temporary suspension of production for its popular compact model Swift — excluding the Swift Sport variant — from May 26 to June 6. This pause is attributed to supply shortages caused by China's tightened restrictions on rare earth metal exports, according to two sources familiar with the matter. Suzuki thus becomes the first Japanese automaker directly affected by these new export limitations imposed by China.
Chinese automaker Geely has ignited controversy with a $2.2 billion bid to privatize its premium electric vehicle subsidiary Zeekr $ZK. The offer, aimed at integrating Zeekr more closely with Geely Auto $0175.HK, has been challenged by prominent institutional investors, who claim the valuation significantly undervalues Zeekr’s growth potential and market positioning in the luxury EV segment.
French luxury spirits producer Remy Cointreau $REMYY announced on Wednesday the appointment of Frank Marilly as its new Chief Executive Officer. Marilly, aged 59, will assume the role on June 25, succeeding Eric Vallat, who stepped down earlier this year after over five years leading the company. This leadership transition occurs amid steep sales declines and looming tariff threats in critical markets such as the United States (USD) and China (CNY), where Remy Cointreau faces substantial export headwinds.
As the world’s largest milk producer, India finds itself at a critical juncture in ongoing bilateral trade negotiations with the United States (USD). Industry leaders have voiced concern that a surge in dairy imports—particularly from highly subsidized American producers—could destabilize India’s domestic market and harm the livelihoods of millions of smallholder dairy farmers.
On Thursday, Workday $WDAY released its second-quarter subscription revenue forecast, aligning with Wall Street expectations despite a backdrop of economic uncertainty. The company anticipates subscription revenue of $2.16 billion, signaling a cautious stance as corporate clients tighten spending on human capital management (HCM) software. Following the announcement, Workday shares declined approximately 5% in extended trading, reflecting investor concerns about the broader impact of economic headwinds on tech budgets.
The cryptocurrency exchange Kraken is set to launch tokenized versions of over 50 publicly traded stocks and exchange-traded funds (ETFs), including high-profile names like Apple $AAPL, Tesla $TSLA, and Nvidia $NVDA, according to a Wall Street Journal report.
