North America:

  • Microsoft signed an MOU with Terna on digitalization, innovation, and security, while contemplating ending negotiations with OpenAI and planning significant job cuts, mainly in sales.
  • Meta Platforms Inc. is negotiating to hire former GitHub CEO Nat Friedman and Daniel Gross to bolster its AI initiatives, offering $100 million bonuses to attract OpenAI employees, and plans to introduce additional login verification on Facebook and Messenger.
  • Gilead Sciences received FDA approval for its injectable HIV-prevention drug, lenacapavir, marketed as Yeztugo.
  • Texas Instruments intends to invest more than $60 billion in the United States to enhance its semiconductor manufacturing capabilities.
  • Ford Motor Company is recalling 197,432 vehicles in the U.S. due to a risk that back seat occupants could become trapped.
  • Nippon Steel completes a $14.9 billion acquisition of U.S. Steel, influenced by U.S. administration's tariff policies.

Europe:

  • Google faces a supported fine of approximately 4.12 billion euros by the EU Court of Justice's advocate general for antitrust violations concerning its Android operating system.
  • Vodafone Group has appointed Pilar Lopez as its new CFO, effective October 1.
  • Stora Enso has initiated a strategic review of its Swedish forest assets, potentially leading to a demerger and separate listing.
  • Swiss National Bank has reduced its interest rate to zero due to declining inflation and economic instability.
  • UBS meets new capital requirements and appoints Desmond Ng as Asia-Pacific head for its asset management unit.
  • Equinor commenced production at its inaugural solar power plant in Denmark.
  • Standard Chartered engaged in various financial activities, including buying back shares for GBP8.9 million and securing a $1 billion loan facility for Pakistan.

Rest of the world:

  • Nestlé is increasing its investment in Brazil to $1.3 billion by 2028, amidst a leadership transition.
  • Saipem SpA has secured a contract from Sonatrach for a phosphate integrated project in Algeria.
  • Macquarie Group successfully closed Macquarie Infrastructure Partners VI with over $US8 billion in commitments.
  • National Australia Bank Ltd paid a total of A$751,200 in fines for alleged breaches of consumer data rights rules.
  • HDB Financial Services is set to launch a $1.5 billion IPO for retail investors on June 25.