GlobalFoundries $GFS, a leading semiconductor manufacturer headquartered in Malta, New York, declared on Wednesday a substantial increase in its investment plans to $16 billion. This capital allocation includes an additional $1 billion in capital expenditures and $3 billion devoted specifically to research and development (R&D) targeting several advanced chip manufacturing technologies.

On Tuesday, Citigroup $C announced the cancellation of its 2018 policy that restricted banking services to retail customers involved in the sale of firearms. The bank cited recent legislative changes as the primary reason for this significant shift. This move occurs against the backdrop of heightened scrutiny from lawmakers on U.S. banks and regulators since the Trump administration took office in January, with growing allegations of discriminatory practices in servicing specific industries.

Latvia-based technology firm Aerones has raised USD 62 million to scale its advanced robotic and AI solutions for the maintenance and protection of wind turbines across more than 30 countries. Backed by clients such as General Electric $GE and Enel $ENEL.MI , the funding marks a critical inflection point in the automation of wind energy infrastructure—a sector that now contributes nearly 10% of global electricity generation.