In a significant development for the digital asset industry, former U.S. President Donald Trump has publicly urged Republicans in the House of Representatives to move swiftly on a Senate-approved cryptocurrency bill, signaling growing political momentum behind the formal regulation of digital assets. Trump’s statement intensifies pressure on House GOP members to pass the legislation without amendments, accelerating the timeline for a bill that could reshape how cryptocurrencies are regulated and taxed in the United States.
VIA Rail Canada, the national intercity rail operator, reported solid growth in both revenue and ridership for the fiscal year 2024, as detailed in its annual financial report. The company saw a 6.6% increase in passenger traffic and an 11% rise in total revenue year-over-year. Despite these operational gains, VIA Rail continues to post substantial operating losses, reflecting ongoing structural challenges in Canada’s passenger rail sector.
The United States Government Accountability Office (GAO) has issued a critical update on Boeing Co. $BA and its ongoing struggle to deliver the next-generation Air Force One aircraft, citing major delays, escalating costs, and persistent labor shortages. The ambitious program, officially known as the VC-25B Presidential Aircraft Recapitalization, has now significantly overshot its initial budget and timeline. Originally envisioned as a showcase of American aerospace excellence, the project is becoming a cautionary tale in defense procurement.
The UK corporate landscape witnessed a sharp rise in merger and acquisition (M&A) activity on Monday, with over $10 billion in deals announced—the busiest day of 2025 so far, according to data from Dealogic. The renewed wave of acquisitions is largely attributed to historically low company valuations, improved market stability, and shifting foreign exchange expectations as the USD weakens against the British pound (GBP).
Alphabet Inc.'s Google $GOOGL has initiated a new round of voluntary employee buyouts, targeting several business units within its Knowledge & Information (K&I) division, as well as engineering, marketing, research, and communications departments, according to reports confirmed on Tuesday.
Boeing Co. $BA has restarted deliveries of its 737 MAX aircraft to China after a months-long suspension, marking a notable de-escalation in trade tensions between the U.S. and China. The resumed supply coincides with a temporary 90-day reduction in tariffs on both sides, reflecting a tentative diplomatic reprieve that may stabilize trans-Pacific commercial flows — particularly in aerospace.
Nintendo Co., Ltd. $7974.T officially launched its long-anticipated Switch 2 console on Thursday, igniting a global wave of consumer demand. Early indicators suggest the upgraded gaming system will face persistent supply shortages worldwide, driven by an enthusiastic reception and limited launch inventory.
In May, daily active users (DAUs) of Temu, the cross-border e-commerce platform operated by PDD Holdings $PDD, declined by 58% in the U.S., according to data from mobile analytics firm Sensor Tower. The dramatic user drop comes as the Biden administration reconfigures its approach to imports from China, directly impacting Temu’s cost structure and strategic model in one of its largest overseas markets.
Chinese automotive conglomerate Geely $GELYF has offered to privatize its premium electric vehicle subsidiary Zeekr $ZK for approximately $2.2 billion USD. The move, intended to bring the brand back under full private control following its Nasdaq IPO in 2023, has met with sharp resistance from some of Zeekr’s cornerstone investors.
Swedish defense contractor Saab AB $SAAB-B.ST reaffirmed its financial guidance for 2023–2027, targeting approximately 18% organic sales growth and an even higher increase in operating income. This strategic outlook comes amid a historic surge in defense demand across Europe, driven by geopolitical instability and renewed focus on territorial security following Russia’s invasion of Ukraine.
The U.S. Federal Trade Commission (FTC) has launched an inquiry into Media Matters for America, requesting documents that may reveal coordinated actions with other organizations focused on monitoring misinformation and hate speech. This development follows public accusations by Elon Musk, who claims such groups have orchestrated advertising boycotts against his social media platform, X (formerly Twitter).
On Wednesday, Bitcoin $BTCUSD, the world’s largest cryptocurrency by market capitalization, surged past its previous January peak to reach a new all-time high. The digital asset climbed to an unprecedented level of $109,760.08 before settling around $108,117, marking a 1.1% increase. This rally follows a period of market volatility triggered by trade tariffs and geopolitical tensions, with improved risk sentiment propelling demand for Bitcoin as an alternative store of value.
