European Commission approves €500M Spanish state aid for farmers hit by rising fertilizer costs amid Middle East crisis.

Ferrari CEO defends first all-electric Luce model, says strong interest from customers despite design backlash and shift away from petrol engines

Ferrari CEO Benedetto Vigna defended the automaker's first all-electric car, the Luce, saying it is receiving strong interest from customers despite backlash over its design and shift from petrol engines.

Anthropic raises $65B at $900B valuation, revenue run rate crosses $47B (NYT)

Anthropic raised $65 billion at a $900 billion valuation, up from $380 billion three months ago and ahead of OpenAI's last valuation of $730 billion, and its revenue run rate crossed $47 billion, according to the New York Times.

US regulator pauses review of $72 billion Union Pacific-Norfolk Southern merger, sending shares lower. The Surface Transportation Board halted its review of the proposed rail deal, creating uncertainty for the biggest consolidation in the industry.

Shares of Union Pacific and Norfolk Southern fell sharply after a regulator paused review of their $72 billion merger, potentially delaying the largest rail deal ever.

South Africa’s producer inflation hits record in April on Iran war energy costs

South Africa’s monthly producer inflation accelerated to a record in April, as higher fertilizer and energy costs tied to the Iran war pushed up prices.