North America:

  • Tesla has launched a limited robotaxi service in Austin, Texas, with safety restrictions and operational limitations.
  • Eli Lilly reports positive results for orforglipron and efsitora alfa insulin in treating type-2 diabetes.
  • C&S Wholesale Grocers has acquired SpartanNash in a deal valued at $1.77 billion.
  • News Corp has extended CEO Robert Thomson's contract until June 2030.
  • Snowcap Compute has raised $23 million to develop superconducting AI chips.
  • DeepSeek is accused by a US official of assisting China's military and circumventing export controls.
  • Compass Pathways' depression drug has shown promise by succeeding in a late-stage trial.
  • Bank of New York Mellon has approached Northern Trust for potential merger discussions.
  • US Senate parliamentarian blocks Republican efforts to scrap the US Postal Service's electric vehicles.
  • Plus500 secures a license from the Canadian Investment Regulatory Organisation to operate in Canada's OTC market.
  • First Quantum Minerals reports a fatality at its copper mine in Zambia, leading to the temporary suspension of some operations.

Europe:

  • Eni has reduced personnel at the Zubair oil and gas field in Iraq due to regional tensions and sold a 20% stake in its Plenitude unit to Ares Management for approximately €2 billion.
  • Novo Nordisk ends collaboration with Hims & Hers over weight loss drug sales and reports positive outcomes from trials of new and existing weight loss drugs and a hemophilia treatment.
  • Primary Health Properties proposes a $2.4 billion acquisition of Assura, recommended by Assura's directors over a competing bid from KKR-Stonepeak.
  • Stellantis announces a leadership reshuffle and appoints a new management team following Maxime Picat's departure.
  • Prosus reports strong earnings and revenue growth driven by e-commerce and AI investments, seeks EU antitrust approval for its $4.7 billion acquisition of Just Eat Takeaway.com, and delays the PayU IPO.
  • Holcim completes the spin-off of its North American operations, forming a new company called Amrize, trading in Zurich.

Rest of the world:

  • Valu debuts on the exchange as an Egyptian retail finance provider.
  • Takealot Group strategizes to counter Amazon's competition.
  • Amazon aims to mitigate Trump's tariffs with a premium beauty initiative.
  • PhonePe is gearing up to file preliminary IPO documents in India to raise up to $1.5 billion.
  • Airlines suspend flights to Middle East destinations and avoid the region's airspace due to safety concerns following US strikes on Iran's nuclear facilities.
  • India's REC has accepted bids for multiple tenor bonds.
  • Poonawalla Fincorp plans to issue bonds with a maturity of over five years.
  • New World Development is actively negotiating with creditors to refinance existing loans.
  • Warburg Pincus is negotiating the sale of its stake in the State Bank of India's general insurance division.