Benchmark raises $2B across two new funds, including a $1.25B growth fund, its first late-stage vehicle after decades of early-stage focus, WSJ reports.

SpaceX plans $75 billion IPO, valuing company at $1.77 trillion in record-breaking offering

SpaceX, Elon Musk's rocket and satellite company, announced on Wednesday it plans to raise approximately $75 billion in an initial public offering, valuing the company at $1.765 trillion. The offering of 555.6 million shares at $135 each would surpass Saudi Aramco's record $25.6 billion IPO in 2019.

Paramount and Warner Bros. landmark deal to reshape Hollywood industry as legacy media struggle after pandemic, strike.

Paramount and Warner Bros. have reached a landmark deal that will reshape the Hollywood industry, as legacy media companies struggle to recover from the pandemic shutdown and the 2023 writers' strike.

Russia's oil and gas additional revenues surged to 175 bln rubles in May, boosting budget and weakening ruble to 11 per yuan. Total tax revenues from oil and gas rose 33% year-on-year to 679 bln rubles.

In May, Russia's additional oil and gas revenues significantly contributed to the federal budget for the first time since the Middle East crisis began. The amount reached 175 billion rubles, up from 21 billion in April, and total oil and gas tax revenues in May were 679 billion rubles, a third higher than in May 2025. The increase led to a speculative weakening of the ruble to 11 rubles per yuan on the Moscow Exchange.

High fuel costs drive more Indians to buy electric cars, but challenges remain.

High fuel costs are driving more Indians to purchase electric vehicles, though challenges persist.