Days after its record IPO, SpaceX leapfrogged Amazon with a $2.8 trillion valuation, fueled by a plan to build AI infrastructure in orbit. The rest of the market, meanwhile, pulled back.
Chicago’s Ingredion is buying Britain’s Tate & Lyle for $3.6 billion in cash at a 59% premium. The deal is a bet that the GLP-1 weight-loss boom is rewiring what the world wants to eat.
Kevin Warsh is running his first Federal Reserve meeting as chair, and Wall Street is hanging on the press conference for any sign of where rates, and his promised shake-up of the institution, are headed.
After backlash over installing Bill Pulte as acting intelligence chief, Trump nominated former SEC chairman Jay Clayton to run national intelligence. The fight over who minds America’s spies is really a fight over FISA and trust.
Marius Borg Hoiby, the eldest son of Norway’s future queen, was sentenced to four years in prison for rape and domestic violence. He watched the verdict by video link. The story of how a palace let the law run its course is the real headline.
Trump and Iran quietly signed a memorandum to end the 2026 war within 60 days. But the Strait of Hormuz is still half-shut, the formal signing is days away, and the US is moving oil with a covert fleet. This is what a ceasefire on paper looks like.