Google’s market cap took a $320 billion+ hit as investors reacted to the departures of Noam Shazeer to OpenAI and AlphaFold lead John Jumper to Anthropic.
Category: Business
SpaceX Signs $6.3 Billion Computing Infrastructure Deal With Reflection AI
The Nvidia-backed AI startup will pay SpaceX $150 million per month starting July 1 for access to Nvidia GB300 chips in the Colossus 2 data centre in Memphis.
Getty Images Stock Surges Over 200% on Multi-Year Display Partnership With OpenAI
The deal grants OpenAI the right to surface Getty’s library of over 400 million licensed assets directly inside ChatGPT search results for factual queries.
Amazon Prime Day 2026 Draws Record Consumer Interest on Second Day
Deals on electronics, home goods, and consumer products drove high traffic as Prime Day continued, with major retailers launching competing promotions.
US-Iran Deal Opens Possibility for Investment in Iran’s Untapped Copper Reserves
G7 critical minerals discussions and the Iran framework agreement create a potential new frontier for copper investment at a time of significant global supply pressure.
Alibaba Mounts Legal Challenge Against US Defence Department Entity Blacklist
China’s largest e-commerce and cloud company challenged its inclusion on the US defence blacklist in legal proceedings that could have broad strategic implications.
Egypt Fully Settles All Outstanding Oil and Gas Investment Partner Arrears
Egypt’s petroleum minister confirmed the country cleared approximately $6.1 billion in arrears to international oil and gas investment partners.
USMCA Under Pressure as Trump Signals Withdrawal While Agricultural Groups Urge Renewal
US Canada and Mexico agricultural organizations called for renewal of the trade agreement as Trump suggested the US would be better off without it.
Qualcomm Acquires Modular AI to Expand Footprint in Generative AI Data Centre Market
The deal establishes Qualcomm firmly in the rapidly growing generative AI data centre sector and is expected to close in the second half of 2026.
SNAP Recipients Sue USDA for Allowing States to Ban Certain Food Purchases
Five SNAP recipients filed a lawsuit challenging state-level bans on specific food categories arguing the restrictions exceed USDA authority.