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Elon Musk Denies Reports of a $15 Billion Funding Round as xAI Faces Rising Pressure to Scale
Elon Musk on Thursday forcefully denied reports that his artificial intelligence startup xAI has raised $15 billion in a new Series E funding round, dismissing CNBC’s latest claim as “false” in a statement posted to X. The denial comes at…
ByEmily
Pfizer’s $10 Billion Metsera Deal Signals an Ambitious Bid to Reclaim Leadership in Obesity Pharma
Pfizer has officially closed its acquisition of Metsera in a deal worth up to $10 billion, marking one of the drugmaker’s largest strategic bets in years and its most decisive re-entry into the booming global obesity market. The deal, approved…
Nexperia Clients Explore Emergency Workaround as Europe-China Chip Feud Threatens Auto Supply Chains
Europe’s already strained semiconductor supply chain is facing a new, highly complex rupture as major customers of Nexperia—the Chinese-owned Dutch chipmaker—move to engineer a temporary workaround to keep critical automotive components flowing. According to sources familiar with the discussions, automakers…
Conservative Influencers Rally Around Trump as Congress Eyes Release of Epstein Files
The political battle over Jeffrey Epstein’s legacy entered a volatile new phase this week as House lawmakers prepared to vote on a resolution requiring the Justice Department to publish its unclassified Epstein files. The move comes amid the release of…
South Korea Pauses Flights and Markets as 500,000 Students Take High-Stakes University Exam
South Korea’s economy slowed down on Thursday—not because of markets, inflation data, or global risk sentiment, but because more than 550,000 students sat for the country’s notoriously high-stakes university entrance exam, the Suneung. The test, which has the power to…
Regional Fed banks face new uncertainty as White House sees openings for influence
A quiet but consequential process inside the U.S. Federal Reserve is drawing unusual scrutiny as political pressure intensifies in Washington. The reappointment cycle for the Federal Reserve’s 12 regional bank presidents—traditionally a routine administrative exercise—is now emerging as a potential…
Anthropic’s $50 Billion U.S. Bet: Building the Nerve Centers of the AI Economy
The race to own the future of artificial intelligence is no longer about algorithms — it’s about infrastructure.On Wednesday, Anthropic, one of the world’s leading AI developers, announced a $50 billion investment to build a network of data centers across the United States…
Byadmin
OPEC Signals Balance Ahead as Oil Prices Slide: A Market Recalibrates
The oil market felt the tremor before the words fully landed. On Wednesday, prices sank more than $2 a barrel after the Organization of the Petroleum Exporting Countries (OPEC) forecast that global oil supply will match demand by 2026, signaling a new equilibrium…
Brazil and the U.S. Edge Closer to a Tariff Breakthrough
The air in Niagara Falls carried more than mist this week. On the sidelines of the Group of Seven foreign ministers’ meeting in Canada, Brazilian Foreign Minister Mauro Vieira and U.S. Secretary of State Marco Rubio quietly convened to take stock of trade negotiations…
Italy Pushes for Early EU Levy on Cheap E-Commerce Imports
Europe’s trade policy debate has found new urgency in Rome. On Wednesday, Italian Economy Minister Giancarlo Giorgetti called on the European Union to bring forward a planned levy on low-value e-commerce imports, urging that the measure be implemented by 2026, two years earlier…