UK to host 35 countries on Strait of Hormuz reopening
The United Kingdom has confirmed it will host a meeting of 35 countries to discuss the reopening of the Strait of Hormuz, a critical waterway for global oil trade, according to The Guardian.
Corporate
Russia’s Largest Oil Company Sees Sharp Income Drop Amid Geopolitical Strains
Russia's largest oil company, Rosneft, reported a 73% drop in net income in 2025, citing high taxes, interest rates, and geopolitical pressures, according to the company and multiple international reports.
French Police Make More Arrests in Foiled Bank of America Attack Probe
French police have arrested two more individuals in connection with a foiled attack on Bank of America’s Paris headquarters, according to Al Jazeera.
Trump administration to pay $1 billion to stop two East Coast wind farms
The Trump administration has agreed to pay $1 billion to halt the development of two major offshore wind farms on the East Coast, according to the Washington Post.
Intel Core Ultra 5 250K Plus Review – Disrupting AMD’s Entry-Level
Intel's latest Core Ultra 5 250K Plus processor has launched with claims of outperforming AMD's entry-level offerings, according to TechPowerUp.
Lawmakers Introduce Bipartisan Bill Banning Sports Bets on Prediction Markets
Lawmakers have introduced a bipartisan bill that would ban sports betting on prediction markets, a move that comes amid growing concerns over the influence of such platforms on public opinion, according to the Wall Street Journal.
Toyota to invest $1 billion to increase U.S. production in Kentucky, Indiana plants
Toyota has announced a $1 billion investment to expand production at its plants in Kentucky and Indiana, according to CNBC.
Trump administration to pay French company $1B to drop U.S. offshore wind leases
The Trump administration has agreed to pay a French energy company $1 billion to cancel its offshore wind energy leases in the United States, according to NPR.
Bank of America to Pay $72.5M in Epstein Lawsuit Settlement
Bank of America has agreed to pay $72.5 million to settle claims related to its ties to financier Jeffrey Epstein, according to multiple reports.
Chevron CEO Warns More Oil Shocks Are Coming Amid Market Volatility
Chevron CEO Michael Wirth has warned that more oil shocks are coming, according to TipRanks, as global energy markets face mounting uncertainty.
Estée Lauder in Merger Talks With Puig
Estée Lauder Companies is in advanced merger talks with Spanish luxury group Puig, according to WWD, as both firms seek to strengthen their positions in the global beauty and fragrance market.
US House Passes Bill Funding Homeland Security Amid Shutdown
The US House of Representatives has passed a bill to fund the Department of Homeland Security (DHS) amid a partial government shutdown, marking a critical step in resolving the ongoing funding crisis. According to multiple reports, the move comes as over 100,000 government employees have gone a month without pay.
Trump and Iran Exchange War Threats as Hormuz Tensions Rise
President Donald Trump and Iranian officials have exchanged sharp warnings over potential military action, as tensions in the Strait of Hormuz continue to escalate, according to Yahoo Finance.
Trump Administration to Pay $1 Billion to Energy Giant to Cancel Wind Farms
The Trump administration has agreed to pay a French energy company $1 billion in taxpayer funds to cancel the construction of wind farms, according to multiple reports.
Estée Lauder in Talks to Buy Puig to Create Beauty Giant
Estée Lauder Companies is in advanced talks to acquire Spanish beauty firm Puig, according to Bloomberg, aiming to form one of the largest beauty conglomerates in the world.