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Moonshot AI accessed Nvidia’s chips despite Chinese export ban, White House official says
A White House official said Moonshot AI, which released the powerful Kimi K3 model last week, accessed Nvidia’s GB300 chips in Thailand.
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American Airlines slashes 2026 earnings outlook as fuel costs spike
American Airlines further cut its 2026 earnings outlook, citing higher fuel costs.
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China’s Geely to make EVs at Ford plant in Spain under new joint venture
Ford and Geely plan for the joint venture will begin operations in the first half of 2027, with the first new vehicles scheduled to roll off the line in 2028.
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Rick Rieder says income investors are facing a new regime. Here’s where he is investing now
BlackRock’s Rick Rieder sees opportunities for income in select areas of the market for the third quarter.
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IRS chief Frank Bisignano may have misled Congress, Democrats say
The IRS alone hemorrhaged more than 31,000 employees as of January in President Trump’s government cuts, according to the agency’s inspector general.
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Eli Lilly says it will file for approval of next-generation obesity drug in 2027 as it clears two more trials
There are now positive results from five late-stage trials on retatrutide, which Lilly is positioning as the next pillar of its obesity portfolio.
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US-China AI rivalry heats up as Chinese models gain ground
China’s AI platforms are rapidly closing the gap with their US counterparts, prompting fresh threats from the Trump administration. With accusations of intellectual property theft, could tensions boil over?
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Europe wildfires prompt evacuations in France, Spain, Italy
Fires are blazing across several European countries as the continent braces for another heat wave. In 2026, wildfires have already burnt more land in Europe than the annual average over the past two decades.
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EU agrees on new round of sanctions against Russia
The European Union has agreed upon a new sanctions package against Russia for its war in Ukraine, which includes a price cap on Russian oil.
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EU fines Google €890 million over competition rules
The European Commission said it found that Google had preferenced its search engine and app store in ways that unfairly harmed competition.
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