BP chair disputes ouster: BP said it removed Chair Albert Manifold over “serious concerns,” while Manifold countered he was dismissed “without warning” and rejects allegations about his conduct; BP shares slipped further after a 4% drop the prior session. Source: CNBC.
Futures rise on chip momentum: U.S. stock futures edged higher after the S&P 500 and Nasdaq set records, with Micron Technologyextending gains amid AI-driven memory demand. Source: CNBC.
Ferrari’s EV launch prompts selloff: Ferrari unveiled its first fully electric model, the Luce, at ~€550,000, but shares fell about 8% in Milan and 5.3% in the U.S. amid design criticism and brand concerns. Source: CNBC.
Space stocks jump on SpaceX IPO filing: Sector names including Momentus and Redwire surged after SpaceX publicly filed for an IPO seeking at least $75 billion, with reports suggesting a potential $2 trillion valuation. Source: Yahoo Finance.
Nvidia urges tighter export compliance: Nvidia CEO Jensen Huang pressed Super Micro Computer to strengthen export controls after U.S. prosecutors alleged $2.5B of Nvidia-equipped servers were smuggled to China; Taiwan authorities also announced a crackdown. Source: Tom’s Hardware.
Global equities advance on AI strength: World shares mostly rose as chip momentum continued—Micron Technology (MU) jumped 19.3% Tuesday—while oil eased from recent highs. Source: AP.
Samsung averts strike with pay deal: Samsung Electronics union members approved a provisional bonus and wage agreement, heading off a threatened strike that could have disrupted chip supply chains. Source: Quartz.
Jet-tracking project spotlights billionaire flights: An artist’s “Apocalypse Early Warning System” monitoring private jets—referencing figures like Tesla’s Elon Musk —has drawn attention to flight patterns as a proxy for crisis signals. Source: Business Insider.
Lilly adds vaccines in $3.8B expansion: Eli Lilly agreed to acquire Curevo, LimmaTech Biologics and Vaccine Company for up to ~$3.8B combined to build an infectious disease portfolio spanning shingles, S. aureus and EBV programs. Source: Eli Lilly.
Consumer sentiment sinks despite market highs: U.S. consumer sentiment fell to a record low as high gas and living costs bite, even as the SPDR S&P 500 ETF Trust hovered near peaks. Source: CNN.
Micron joins trillion‑dollar club: Micron Technology (MU) topped $1 trillion in market cap after UBS lifted its price target to $1,625, citing structural AI-driven demand for memory. Source: Yahoo Finance.
AI jobs outlook moderates: Commonwealth Bank of Australia warned AI will reshape roles across industries as OpenAI’s Sam Altman backtracked on near‑term job‑loss predictions, saying impacts have been less than feared. Source: Fortune.
SpaceX IPO could jolt index weights: S&P Global and MSCI may face sector‑classification and reweighting challenges if SpaceX lists at scale, potentially triggering selling in other index constituents to fund allocations. Source: Business Insider.
Starbucks Korea faces backlash over ‘Tank Day’: Starbucks majority partner Shinsegae apologized again and dismissed the local CEO after a promotion seen as evoking the 1980 Gwangju massacre, with authorities probing and boycott calls mounting. Source: AP.
Costco-linked plant shipments flagged for pest: Costco Wholesale customers in Northern California were urged not to plant certain grape and citrus vines after detections of glassy‑winged sharpshooters tied to nursery shipments. Source: ABC10.
SK hynix hits $1T valuation: SK hynix briefly topped $1 trillion in market value as investors piled into AI‑linked memory suppliers, buoying South Korea’s chip sector. Source: CNBC.
Melius boosts Dell target ahead of earnings: Dell Technologies had its price target raised to $380 at Melius Research, implying ~25% upside ahead of its fiscal Q1 results. Source: CNBC.
Nvidia slips premarket despite Taiwan buildout: Nvidia (NVDA) shares edged lower premarket even as CEO Jensen Huang announced a Taiwan headquarters and called the island the AI “epicenter,” with planned annual spending up to $150B. Source: Yahoo Finance.