• SpaceX pitches investors $1.8tn valuation in historic IPO — Financial Times - 22:54
• Trump’s pick of Pulte as spy chief threatens foreign surveillance bill — Financial Times - 22:44
• Trump Administration Turns to a New Rationale to Justify Old Tariffs — The New York Times Business - 22:42
• Elon Musk shifts social media focus from SpaceX to UK far-right politics — Financial Times - 22:14
• SpaceX IPO to Be Largest Ever at $135 Share Price — The New York Times Business - 22:04
• Japanese hardware stocks are having a moment — again — Financial Times - 22:04
• FirstFT: India’s ‘cockroach’ movement founder plans protests over exam crisis — Financial Times - 22:03
• Terms Revealed for SpaceX’s Unconventional $75 Billion IPO — Wall Street Journal - 21:30
• SpaceX wins tax exemption for $55bn AI chip plant despite local backlash — Financial Times - 21:14
• Sticker Shock at the Pump Fuels a Surge in Hybrid Sales — Wall Street Journal - 21:11

Escalating Middle East conflicts are causing oil prices to rise and US crude stockpiles to drop for a sixth week, leading to OECD warnings of a dark economic scenario, while Ukraine launches strikes on St. Petersburg and India explores battery solutions for coal power growth.

• U.S. Crude Oil Stockpiles Post Sixth Straight Weekly Drop — Wall Street Journal -
• Oil Up 1% as U.S.-Iran Strikes Cloud Hormuz Reopening Prospects — Wall Street Journal -
• Oil Prices Rise as Iran and U.S. Exchange Strikes — The New York Times Business -

• One person killed in Iranian strike on Kuwait airport — Financial Times -
• Can batteries halt India’s coal power growth? — Financial Times -
• Energy & Utilities Roundup: Market Talk — Wall Street Journal -
• Ukraine strikes St Petersburg as Putin’s forum gets under way — Financial Times -
• Even if Oil Prices Peak Soon, the Global Economy Will Slow This Year — The New York Times Business -
• OECD warns of ‘dark scenario’ if Gulf energy crisis drags on — Financial Times -
• The Return of the Great Powers — the perils of a ‘might is right’ world order — Financial Times -
• Oil Prices Rise Amid Continuing Middle East Tensions — Wall Street Journal -

The Trump administration is fighting to avoid refunding tariffs and proposing new levies on 59 countries and the EU over forced labor, sparking a political storm in Brazil.

• Trump Administration Fights Court Order to Refund Some Tariffs — The New York Times Business -
• Trump’s tariff threats spark political storm in Brazil — Financial Times -
• Trump Aims New Tariffs at 59 Countries and the European Union — The New York Times Business -

• US proposes tariffs of at least 10% after forced labour probe — Financial Times -
• Trump Aims New Tariffs at 59 Countries and the European Union — The New York Times Business -

**Google's Alphabet is raising a record $85 billion for AI, Meta is betting on AI agents for WhatsApp revenue, the EU is outlining plans for digital sovereignty to reduce tech dependence, and the US faces delays in data center build-outs**.

• Google parent Alphabet upsizes record-breaking equity raise to $85bn — Financial Times -
• European Union Outlines Plan to Reduce Dependence on American Tech — The New York Times Business -
• Meta bets on AI agents to unlock WhatsApp revenues — Financial Times -

• What’s Driving Trump’s Big A.I. Pivot — The New York Times Business -
• Hyperscalers and the equity tap: more to come — Financial Times -
• Brussels unveils sweeping plan to boost Europe’s digital sovereignty — Financial Times -
• Inside Alexandr Wang’s bid to revive Meta’s AI edge — Financial Times -
• The AI boom gives 1990s IT brands a second crack at youth — Financial Times -
• America’s Data Center Build-Out Is Falling Way Behind Schedule — Wall Street Journal -

Partners Group is limiting private equity withdrawals, a **Vanguard fund tops $1 trillion in assets, Fed Chair Warsh plans to revamp signals on rates, and trading firm revenues have soared in competition with Wall Street, alongside discussions on UK stablecoin regulation and a fraud conviction for short seller Andrew Left**.

• Partners Group limits withdrawals at private equity fund for wealthy individuals — Financial Times -
• Vanguard fund becomes first ETF to top $1tn in assets — Financial Times -
• Warsh needs to separate his roles at the Fed — Financial Times -

• Sorry Marc, it’s just not that big — Financial Times -
• Market-Research Firm AlphaSense Clinches $7.5 Billion Valuation in New Funding Round — Wall Street Journal -
• New Intelligence Role Puts Bill Pulte’s Housing Agenda in Doubt — The New York Times Business -
• Andrew Left’s fraud conviction leaves Wall Street asking: what are the rules? — Financial Times -
• How can the UK catch up on stablecoins? — Financial Times -
• Iran peace deal would not derail case for ECB rate rise, says central banker — Financial Times -
• Warsh set to revamp Fed’s signals to Wall Street — Financial Times -
• Trading firm revenues soar to $114bn after push to take on Wall St banks — Financial Times -
• Kazakh billionaire under SEC scrutiny seeks to build European digital bank — Financial Times -
• Why Richard Nixon torpedoed the global monetary system — Financial Times -
• Greg Abel Puts His Stamp on Berkshire Hathaway With Pair of Megadeals — Wall Street Journal -
• $3.6 Million an Hour—and Other Ways to Measure Elon Musk’s Fortune — Wall Street Journal -

Macy's is seeing increased shopper spending as its turnaround progresses, Medtronic posted higher profit and sales, Nissan signed a deal for UK car production with China's Chery, and AkzoNobel shares plunged after a major acquisition bid failed, while Volvo Car's sales declined.

• Shoppers Are Spending More at Macy’s as Turnaround Continues — Wall Street Journal -
• Nissan signs deal with China’s Chery for Sunderland car production — Financial Times -
• Best Business Debt Consolidation Loans in June 2026 — Wall Street Journal -

• Medtronic Posts Higher Profit, Sales — Wall Street Journal -
• Auto & Transport Roundup: Market Talk — Wall Street Journal -
• Unilever CEO defends food deal saying staff ‘not paid to be lazy’ — Financial Times -
• Zara Owner Shrugs Off Middle East Turmoil to Post Faster Sales Growth — Wall Street Journal -
• B&M European Value Retail Shares Rise on Higher Revenue — Wall Street Journal -
• AkzoNobel Shares Plunge After Sherwin-Williams, Nippon Paint Drop $14.5 Billion Bid — Wall Street Journal -
• Volvo Car’s Sales Fall 5.5% as Industry Headwinds Continue — Wall Street Journal -

CBS News fired '60 Minutes' correspondent Scott Pelley amidst newsroom tensions, a DC news outlet's rebranding was blocked in a trademark dispute, and Garth Brooks is considering selling his music catalog for $2 billion.

• Bari Weiss Speaks on Scott Pelley’s ’60 Minutes’ Firing: ‘That’s the Path That He Chose’ — The New York Times Business -
• CBS News Fires Scott Pelley of ‘60 Minutes’ — The New York Times Business -
• ‘60 Minutes’ Correspondent Scott Pelley Fired by CBS News — Wall Street Journal -

• NOTUS Cannot Be ‘The Star’: Judge Blocks D.C. News Outlet’s Rebranding — The New York Times Business -
• Garth Brooks Considers Sale of Music Catalog, Seeking Roughly $2 Billion — Wall Street Journal -

The **UK is spending £1.3bn to support a theme park project, discussions on Brexit and electoral reform continue, the new Danish government plans corporate tax cuts, and several UK universities faced severe cashflow issues, alongside a thawing of the Turkey-Armenia frontier**.

• UK to spend £1.3bn supporting Bedford theme park project — Financial Times -
• Nigel Farage gambles on playing to the far right — Financial Times -
• Electoral reform for the UK? Don’t bet on it — Financial Times -

• Turkey’s frozen frontier with Armenia starts to thaw — Financial Times -
• Submit your questions: Ten years on, what’s next for Brexit? — Financial Times -
• Policing minister says ‘wrong calls’ made amid anger over Henry Nowak murder — Financial Times -
• New Danish government to cut corporate tax — Financial Times -
• What Henry Nowak’s murder does — and does not — tell us about policing — Financial Times -
• The risk manager who revived Deutsche Bank — Financial Times -
• Hungary secures more EU funds than it can spend — Financial Times -
• Swedish business bristles over EU interventions — Financial Times -
• Several UK universities nearly ran out of cash last year, says report — Financial Times -