• Here’s the latest. — The New York Times Business - 18:15
• Elon Musk laid out 602 goals. We counted how many he hit. — The New York Times Business - 18:00
• Jeep Owners Face Growing Recall Reality: Park Outside, in Case of Vehicle Fires — Wall Street Journal - 18:00
• Bath & Body Works’ Strategy to Win More Younger Consumers — Wall Street Journal - 18:00
• SpaceX Stock Rises 11% in Largest IPO Ever — The New York Times Business - 17:49
• Elon Musk’s Big Bet for SpaceX — The New York Times Business - 17:43
• If You Have a 401(k), How Much SpaceX Stock Will You Own? — The New York Times Business - 17:40
• Musk posted about politics, race and the culture wars, even as he took SpaceX public. — The New York Times Business - 17:40
• About 20 New Billionaires Could Be Minted by 3 Mega-I.P.O.s — The New York Times Business - 17:32
• Oil Falls, Stocks Rise as Trump Signals Iran Peace Deal Takes Shape — The New York Times Business - 17:30

The financial world is dominated by SpaceX's historic IPO, which saw its stock rise significantly, catapulting Elon Musk to world's first trillionaire status and promising to create thousands of employee millionaires, despite some investor skepticism and broader commentary on Musk's influence.

• SpaceX Stock Rises 11% in Largest I.P.O. Ever — The New York Times Business -
• Elon Musk Becomes the World’s First Trillionaire — The New York Times Business -
• Here’s the latest. — The New York Times Business -

• SpaceX’s IPO Could Turn 4,400 Employees Into Millionaires — The New York Times Business -
• SpaceX IPO: What You Need to Know — The New York Times Business -
• Is SpaceX worth $1.77 trillion? It’s a pie in the sky, some investors say. — The New York Times Business -
• SpaceX is cheap on a price-to-cosmos ratio — Financial Times -
• When will SpaceX start trading? — The New York Times Business -
• Elon Musk’s SpaceX pops in historic Wall Street debut — Financial Times -
• Elon Musk is a real-life Bond villain — Financial Times -
• UK demand for SpaceX shares ‘like nothing we have seen before’, say platforms — Financial Times -
• The Consequences of SpaceX’s Trillion-Dollar I.P.O. — The New York Times Business -
• FirstFT: SpaceX raises $75bn in world’s biggest IPO — Financial Times -
• Whither SpaceX? Who knows — Financial Times -
• How SpaceX’s IPO Compares With Saudi Aramco, Uber and Others — The New York Times Business -
• SpaceX Finalizes IPO Price at $135 a Share in World’s Largest Public Offering — The New York Times Business -
• How Elon Musk always wins — Financial Times -

Geopolitical developments surrounding the US and Iran are heavily impacting oil markets, with prices falling after signals of a potential peace deal to reopen the Strait of Hormuz, although concerns about Iran's military capabilities and draining global oil reserves persist amidst an ongoing energy crisis in Asia.

• Trump lashes out at Iran as he pushes for pact to reopen Strait of Hormuz — Financial Times -
• Oil touches three-month low after Trump says US close to Iran deal — Financial Times -
• Oil Falls, Stocks Rise as Trump Signals Iran Peace Deal Takes Shape — The New York Times Business -

• Risk Strait of Hormuz or Wait? Shipping Companies Face a Costly Dilemma. — The New York Times Business -
• Oil Below $90 a Barrel After Trump Cancels Iran Strikes — Wall Street Journal -
• The World Is Draining Oil Reserves, Raising Pressure for a Peace Deal — The New York Times Business -
• The Iranian missile cities the US could not destroy — Financial Times -
• Norway challenges EU to call US gas ‘safer’ than Arctic reserves — Financial Times -
• Asia energy crisis at ‘worst’ case scenario, ADB warns — Financial Times -
• Donald Trump says US close to deal with Iran and calls off strikes — Financial Times -

The UK faces economic contraction and inflation risks, partly attributed to global energy costs, alongside significant corporate shifts like Flutter's delisting from London and political infighting between key figures, with ongoing debates about Brexit's long-term effects and fiscal policy for national growth.

• Personal resentments loom over Burnham’s showdown with Starmer — Financial Times -
• UK data suggests demand weakness leads inflation risks for BoE rate-setters — Financial Times -
• The Brexit Effect — postmortem finds neither triumph nor closure — Financial Times -

• Can We Be Rich Again? — Jeremy Hunt on how to fix the UK economy — Financial Times -
• Reader callout: how to help the ‘Neet’ in your life — Financial Times -
• Flutter to quit London in latest blow to UK market — Financial Times -
• The joke that deepened Starmer and Burnham’s toxic rift — Financial Times -
• UK economy contracted 0.1% in April as Iran war hit growth — Financial Times -
• Flutter Entertainment to Delist From London, Trade Solely in New York — Wall Street Journal -
• Channel Tunnel owner threatens legal action over UK’s tripling of business rates — Financial Times -
• Over 1mn UK current accounts holding £50,000-plus earn zero interest, research finds — Financial Times -
• Reform UK seeks to rebuild its ties with Maga — Financial Times -
• Makerfield or bust: Burnham goes for broke — Financial Times -
• Brexit at 10: What comes next? With Anand Menon — Financial Times -

Central banks, including the ECB and potentially the new Fed chair, are prepared to adjust interest rates amidst waning inflationary pressures, while concerns over America's national debt and investor financial literacy highlight vulnerabilities in global and personal finance, alongside liquidity challenges for private credit funds.

• Sooner or later, America is going to have to reckon with the debt — Financial Times -
• BlackRock private credit fund honours less than 40% of redemption requests — Financial Times -
• Americans Aren’t Money Savvy, and They’re Only Getting Worse — The New York Times Business -

• ECB stands ready to raise rates again, says Bundesbank boss — Financial Times -
• Inflation and interest rates tracker: see how your country compares — Financial Times -
• The ECB tightens course — Financial Times -
• What to expect from the new Fed chair’s inaugural rate meeting — Financial Times -
• The great bond and equity conundrum — Financial Times -
• Governor’s illness complicates BoJ’s task as landmark 1% rate move looms — Financial Times -

The AI boom is driving growth for companies like Corning, which is also hedging against future busts, while the integration of AI raises ethical and regulatory questions in areas like policing and healthcare, with Adobe shifting its strategy towards freemium AI offerings and insurance rulemakers examining data center-related credit risks.

• Corning Is Riding High on the AI Boom—and Planning Ahead in Case It Goes Bust — Wall Street Journal -
• The Palantir controversy is a block on NHS progress — Financial Times -
• Police officer under criminal investigation over alleged use of AI — Financial Times -

• US insurance rulemaker probes credit risks tied to data centres — Financial Times -
• Adobe to Focus on ‘Freemium’ User Growth Over Short-Term Revenue Gains as CFO Exits — Wall Street Journal -

Diverse global corporate news includes JBS closing a beef plant due to cattle shortages, Blockworks acquiring Messari at a discount in the crypto sector, EQT selling a healthcare stake in Singapore, and challenges in the Chinese automotive market, alongside the potential for the World Cup to boost sports gambling and concerns over Asian financial institutions and emerging markets.

• JBS to Close Beef Plant in Pennsylvania — Wall Street Journal -
• Crypto-Data Provider Blockworks Acquires Messari at a Discount — Wall Street Journal -
• EQT Looks to Sell Stake in Singapore Healthcare Provider for Roughly $600 Million — Wall Street Journal -

• Florida Care Packages Save Cuba From Plunging Into the Abyss — Wall Street Journal -
• The World Cup Could Be the Biggest Sports Gambling Event Ever — The New York Times Business -
• Energy & Utilities Roundup: Market Talk — Wall Street Journal -
• Everyone Loves Chinese Cars, Except the Chinese — Wall Street Journal -
• The Wearable Boom Is Real. The Investment Case Is Murkier. — Wall Street Journal -
• Ireland champions rapid EU electrification to power data centre surge — Financial Times -
• Renault joins VW and Stellantis to push ‘Made in Europe’ plan — Financial Times -
• Trading firm DRW suffered sharp loss on power market as prices gyrated — Financial Times -
• Chinese investors rush to open Hong Kong accounts amid Beijing crackdown — Financial Times -
• European defence stock rally goes into reverse on funding concerns — Financial Times -
• Foreign investors sell Indonesia as Prabowo faces backlash — Financial Times -
• CLSA name to vanish after four decades in Asian brokerage — Financial Times -
• Why worry about the rupee? — Financial Times -
• How Texas Ranchers Are Fighting a Long-Eradicated Cattle Killer — Wall Street Journal -

Cultural highlights include the opening of the Obama Presidential Center in Chicago, the passing of artist David Hockney, and ticket mayhem for a new IMAX film, while societal discussions cover financial literacy, marketing strategies in the motorcycle industry, demographic debates in Switzerland, and UK political donation controversies, offering a glimpse into various global lifestyle and social trends.

• A Guide to Chicago’s South Side, Home of the New Obama Center — The New York Times Business -
• Does It Take Luck or Skill to Make a Night Out Epic? I Asked a Hospitality Boss — Wall Street Journal -
• A Struggling Motorcycle Brand Wants to Start a Culture War With Harley-Davidson — Wall Street Journal -

• ‘The Odyssey’ Sparks Ticket Mayhem—and a Scalper Bonanza — Wall Street Journal -
• Artist David Hockney dies aged 88 — Financial Times -
• ‘The world still comes to London’ – Hermès goes big on its bold New Bond Street store — Financial Times -
• Simon Kuper’s World Cup: football’s unlikely linguists — Financial Times -
• Switzerland’s choice: will it decide 10mn people is enough? — Financial Times -
• Robert Jenrick aide met US businessman accused of illicit donation — Financial Times -
• Kate Moss, mermaids and climbing icebergs: glorious roses to plant — Financial Times -
• I’ve seen the future of London hotels — and it’s tiny — Financial Times -
• Japan’s PM: Building resilience in a turbulent world — Financial Times -
• Is it time to go solar to cut your energy bills? — Financial Times -
• The BFI’s Ama Ampadu talks taste — Financial Times -
• World Cup ticket prices are a red card for fans — Financial Times -