The ongoing Iran War continues to influence oil and gas prices, leading to stranded sailors and prompting US-Iran ceasefire talks, while Israel strikes Beirut and global trade outlook darkens due to price volatility.

• Israel strikes Beirut for first time since ceasefire — Financial Times -
• Over 20,000 Sailors Are Stranded by the Iran War. This Is Who They Call. — Wall Street Journal -
• Opinion | The U.N. Will Make Airfares More Expensive — Wall Street Journal -

• Carlyle teams with Diversified Energy on $1.2bn oil and gas venture — Financial Times -
• Oil Prices Fall on Hope U.S.-Iran War Turmoil in the Gulf May Be Easing — The New York Times Business -
• Higher Gas Prices Are Hitting Lower-Income Americans the Hardest — The New York Times Business -
• Kraft Heinz CEO Pushes Value: ‘Consumers Are Literally Running Out of Money’ — Wall Street Journal -
• EU weighs get-out for gas leaks after US and fossil fuel industry pressure — Financial Times -
• US fuel exports hit record in boon for oil companies and threat to Trump — Financial Times -
• Why Is Gas So Much More Expensive in Some States Than Others? — The New York Times Business -
• U.S. Crude Oil Stockpiles Fall for Second Straight Week — Wall Street Journal -
• Marriott Lifts Outlook as U.S. Travel Offsets Middle East Challenges — Wall Street Journal -
• Equinor’s Shares Slide as Oil Prices Drop — Wall Street Journal -
• Nasdaq Moves Higher as Tech Stocks Extend Rally — Wall Street Journal -
• Uber hit by Middle East conflict despite strong bookings — Financial Times -
• U.S. Natural Gas Futures Lower in Early Trading — Wall Street Journal -
• The second world war fixation gets the US into trouble again — Financial Times -
• Saudi Aramco Cuts Oil Price For June From Record High in May — Wall Street Journal -
• FirstFT: ‘Project Freedom’ paused and China and Iran meet for talks — Financial Times -
• China calls for Iran war ceasefire in meeting with top envoy — Financial Times -
• Trump pauses US plan to guide ships through Strait of Hormuz — Financial Times -
• Lufthansa flags €1.7bn hit from rising jet fuel prices — Financial Times -
• Next PLC Lifts Outlook After Strong Quarter Despite Costs From Iran War — Wall Street Journal -
• Deutsche Lufthansa Expects Strong Travel Demand Despite Iran War, Posts Narrowed Loss — Wall Street Journal -
• Fast-moving indicators are now showing the effects of the Gulf war — Financial Times -
• US shale oil producers are wise to avoid the temptation of higher prices — Financial Times -
• ‘Worst’ still ahead as oil price swings darken global trade outlook — Financial Times -
• Gulf States Fear an Emboldened Iran Is Taking Advantage of a Hesitant U.S. — Wall Street Journal -

Companies like DoorDash and Zillow report increased revenue and profit, while Warner Bros. Discovery logs a significant loss, and Goodyear swings to a loss amid weak demand and rising input costs.

• DoorDash Revenue, Orders Rise as Customer Base Grows — Wall Street Journal -
• Warner Bros. Discovery Logs $2.92 Billion Loss Tied to Netflix Termination Fee — Wall Street Journal -
• FanDuel Chief Executive Amy Howe Departs Company — Wall Street Journal -

• Goodyear Tire & Rubber Swings to Loss, Citing Weak Demand — Wall Street Journal -
• Zillow Posts Higher Profit, Lower Traffic in First Quarter — Wall Street Journal -
• FanDuel owner profits as a market-maker for prediction platforms — Financial Times -
• Burger King Sizzles as Popeyes Slumps — Wall Street Journal -
• Leonardo’s Performance Justifies Outlook Upgrade Soon, Outgoing CEO Says — Wall Street Journal -
• Disney Posts Strong Earnings Despite Slowdown in Park Visitors — The New York Times Business -
• The New York Times Passes 13 Million Subscribers — The New York Times Business -
• Restaurants Show Resilience as Bloomin’, Dine Brands Post Revenue Gains — Wall Street Journal -
• New Disney CEO Gives Vision for Company as Revenue Rises — Wall Street Journal -
• Disney revenues grow as higher spending offsets parks slowdown — Financial Times -
• New York Times Profit, Revenue Climb on Subscription, Advertising Growth — Wall Street Journal -
• Kraft Heinz Sales Tick Up as Turnaround Efforts Take Hold — Wall Street Journal -
• Instacart Posts Higher Revenue, Says Customers Shopping More at Value Retailers — Wall Street Journal -
• Uber Technologies Revenue Climbs on Increased Trips — Wall Street Journal -
• Apollo Global Management Swings to Loss — Wall Street Journal -
• CVS’s Results Add to Positive Momentum for Health-Insurance Industry — Wall Street Journal -
• Pandora’s Shares Surge on Strong Start to Year Despite Headwinds — Wall Street Journal -
• How AB InBev Stopped Its Three-Year Slide — Wall Street Journal -
• BMW Shares Jump After Automaker Reassures on Outlook Amid Tariffs, China Woes — Wall Street Journal -
• Philips Sees Strong Sales Growth in Europe — Wall Street Journal -
• Continental Shares Climb After Sales Beat Expectations, Tire Maker Confirms Guidance — Wall Street Journal -
• Diageo Sales Lift Shares as U.S. Recovery Efforts Continue — Wall Street Journal -
• Diageo sales boosted as drinks distributors prepare for World Cup — Financial Times -
• Orsted’s Earnings Rise on Jump in Offshore Generation — Wall Street Journal -
• Wegovy Maker Novo Nordisk Lifts Guidance Following Strong Launch of Weight-Loss Pill — Wall Street Journal -
• Daimler Truck Maintains Guidance After Strong Start to Year in U.S. — Wall Street Journal -
• Heidelberg Materials Earnings Drop, Hurt by Harsh Winter — Wall Street Journal -

Elon Musk's efforts to recruit Sam Altman and SpaceX renting data center capacity underscore the intense competition in AI, as **Samsung's market value hits $1 trillion due to AI euphoria, and discussions emerge on AI's impact on employment**.

• Musk tried to recruit Altman for role at Tesla before falling out at OpenAI — Financial Times -
• SpaceX to rent data centre capacity to Anthropic — Financial Times -
• Tech, Media & Telecom Roundup: Market Talk — Wall Street Journal -

• Snap, Perplexity Mutually End AI Deal — Wall Street Journal -
• American Factories Lag in Adopting A.I. This Drugmaker Is an Exception. — The New York Times Business -
• Jeeves and Ask.com Shut Down After Almost 30 Years — The New York Times Business -
• Nvidia to Invest $500 Million in Corning, Expand Fiber Optic Manufacturing — Wall Street Journal -
• AI ‘losers’ should be compensated through retraining, says ex-cabinet secretary — Financial Times -
• Chip Maker Infineon Lifts Guidance as AI Boom Gains Strength — Wall Street Journal -
• Samsung’s Market Value Hits $1 Trillion — Wall Street Journal -
• Chinese AI start-up DeepSeek nears $45bn valuation — Financial Times -
• Samsung’s stock market value hits $1tn on AI euphoria — Financial Times -
• AI Is Forcing CEOs to Make a Stark Choice: Lay Off Workers or Make Them Do More — Wall Street Journal -
• ‘Avatar’ Suit Focuses on Hot Topic in A.I. Age: A Character’s Face — The New York Times Business -

The media industry mourns the passing of CNN founder Ted Turner, remembered for his pioneering 24-hour news network, while **Warner Bros. Discovery faces a $2.92 billion loss and The New York Times celebrates subscription growth**.

• Rupert Murdoch, David Zaslav and More Media Moguls Remember Ted Turner, CNN’s Founder — The New York Times Business -
• Ted Turner, Creator of CNN and the 24-Hour News Cycle, Dies at 87 — The New York Times Business -
• Ted Turner, media mogul, 1938-2026 — Financial Times -

• Ted Turner, Who Shaped Cable TV and Launched CNN, Has Died at 87 — Wall Street Journal -
• Guy Goma’s Accidental BBC Interview Lives On After 20 Years — The New York Times Business -
• Timothée Chalamet’s Latest Role? Back-Street Soccer Fanatic in an Adidas World Cup Ad — Wall Street Journal -
• CNN founder Turner dies at 87 — Financial Times -
• CNN’s Amanpour airs concerns for news channel’s independence under Ellison — Financial Times -
• Justin Wolfers, Cable’s Favorite Economist, Joins the Creator Economy — The New York Times Business -
• Introducing: The Story of Money — Financial Times -
• Trump Administration Sues New York Times Over Claim It Discriminated Against White Man — Wall Street Journal -

JPMorgan faces multiple harassment accusations with attempts to settle, elite Wall Street lawyers are charged in an insider trading ring, and PayPal, Mastercard, and Visa are probed for alleged UK antitrust breaches.

• JPMorgan Tried to Settle Harassment Accusations Against Executive — The New York Times Business -
• Elite Wall Street lawyers aided insider trading ring, US prosecutors say — Financial Times -
• JPMorgan Tried to Settle Sexual-Assault Claims That Went Viral — Wall Street Journal -

• Howard Lutnick Grilled by Lawmakers Over Epstein Ties — The New York Times Business -
• Tabloid tale of ‘sex slave’ banker sets Wall Street imaginations aflutter — Financial Times -
• JPMorgan Offered $1 Million Settlement Before Sexual Assault Claims Went Viral — Wall Street Journal -
• PayPal, Mastercard and Visa probed over alleged UK antitrust breaches — Financial Times -
• Morgan Stanley to launch spot crypto trading on E*Trade platform — Financial Times -
• Landlords and second-home buyers squeezed by stamp duty surcharge — Financial Times -
• Apollo chief says retail fund mark-ups ‘make no sense’ — Financial Times -
• UK watchdog launches probe of claims management companies — Financial Times -
• Private equity benefits as spending on social care providers jumps 20% — Financial Times -
• Kravis and Roberts on KKR at 50 — Financial Times -
• Don’t let the taxman grab your tax-free cash — Financial Times -

**Airbus secures a major $19 billion aircraft deal, the EV market expands to counter oil price shocks, and the Duke of Westminster's real estate group plans property sales after US losses, amidst discussions on American healthcare costs and UK supermarket competition**.

• Spain to repatriate 150 passengers from cruise hit by rat-borne virus — Financial Times -
• Health Care Roundup: Market Talk — Wall Street Journal -
• Airbus wins $19bn order in Canada’s biggest ever aircraft deal — Financial Times -

• Energy & Utilities Roundup: Market Talk — Wall Street Journal -
• Auto & Transport Roundup: Market Talk — Wall Street Journal -
• Duke of Westminster’s real estate group to sell properties after losses in US — Financial Times -
• Rival airports lose legal challenge over private jets at RAF Northolt — Financial Times -
• Selling Pot Is a Tough Business, but One California Company Is Beating the Odds — Wall Street Journal -
• Airlines Are Cracking Down on Portable Power Banks — Wall Street Journal -
• The French guide to not working in May — Financial Times -
• Can Europe develop an alternative to US Tomahawks? — Financial Times -
• Opinion | ‘Circling Back’ to the Corporate Jargon Debate — Wall Street Journal -
• The artists finally finding fame in their 80s — Financial Times -
• Rheinmetall offers €12bn for Germany’s troubled warship project — Financial Times -
• Bayer to Buy Eye-Drug Developer Perfuse Therapeutics for Up to $2.45 Billion — Wall Street Journal -
• American healthcare costs drive global imbalances — Financial Times -
• UK supermarkets ask competition watchdog to rein in Aldi and Lidl — Financial Times -
• Bezos shakes up Blue Origin staff incentives ahead of SpaceX IPO — Financial Times -
• Fusion start-up backed by Bill Gates plans UK’s first commercial plant — Financial Times -
• Suits and the City revisited — how professionals dress in 2026 — Financial Times -
• These Countries Embrace E.V.s to Avoid Oil Price Shocks — The New York Times Business -
• Toyota switches on to electric vehicles to counter Chinese threat — Financial Times -
• Storied Toolmaker Closes Its Last Hometown Plant—and Blames Its Tape Measures — Wall Street Journal -

Poland investigates a record number of Russian espionage cases, Modi secures a significant electoral triumph in India, and North Korea formally abandons reunification with South Korea, while UK political leaders address internal party challenges and Greece wins a key High Court ruling on its debt restructuring.

• Starmer urges civil servants to tell ministers the truth — Financial Times -
• Starmer allies make plea for stability as fears of leadership coup rise — Financial Times -
• Greece wins High Court ruling over 2012 sovereign debt restructuring — Financial Times -

• America owes its European allies a defence roadmap — Financial Times -
• Poland probes record number of Russian espionage cases — Financial Times -
• Hungary probes Orbán mogul for financial crimes — Financial Times -
• Modi’s Triumph in West Bengal Elections Puts Him Closer to an Opposition-Free India — The New York Times Business -
• North Korea formally drops goal of reuniting with South — Financial Times -
• Row over Green candidates’ comments lays bare party’s real danger — Financial Times -
• Green Party leader admits he was wrong to claim he was British Red Cross spokesperson — Financial Times -
• Gilts and UK local elections: Bad vibes, bad timing — Financial Times -
• Europe’s far-right firewall melts as Socialists topple Romania’s PM — Financial Times -
• Angela Rayner weighs options as leadership hopes fade — Financial Times -
• Imbalances are back on the global agenda — Financial Times -
• Stalin, Putin and the history of poisoned Russian minds — Financial Times -
• Dousing the DC ‘dumpster fire’: Democrats battle over party’s future — Financial Times -
• ‘Independence is not on the ballot’: Plaid Cymru broadens its pitch to Welsh voters — Financial Times -
• Poland’s Jarosław Kaczyński faces revolt in party he built — Financial Times -
• The future of Europe’s angry farmers — Financial Times -
• Netanyahu’s West Bank plan: annexation by law — Financial Times -