Briefed News
Business, markets, economics and policy from the Briefed newsroom. Every story is sourced and connected back to the wider briefing.
SpaceX opened on Nasdaq at $150 per share, roughly 11% above its IPO price, and closed day one near $161, generating approximately $75 billion in proceeds and pushing Musk's net worth past the trillion-dollar mark across SpaceX, Tesla, and other holdings.
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Page 4Sigma Healthcare withdrew from the sale process for UK retailer Boots after concluding the up to $10 billion acquisition would not meet its strategic or capital-investment objectives.
UK fraud cases jumped 17 percent to 2.09 million in the first half of 2025, with criminals stealing £629.3 million as incident volumes reached record levels despite better bank controls.
Air Force missile spending will jump to $11.36 billion in FY 2027 from $5.14 billion in 2025 as the Pentagon abandons exquisite, small-batch weapons for commodity-scale production.
Leveraged funds' net short yen positions exceeded 115,000 contracts in the week through June 9, the largest bearish bet since November 2017, as the carry trade returns despite higher Japanese yields.
Singapore is launching its first domestic gold clearing system in 2026 with help from JPMorgan and UBS, aiming to capture Asian physical demand as flows shift east from London.
MSCI put Indonesia "on probation" until May 2026 over free-float transparency concerns, triggering a 9 percent Jakarta Composite plunge and forcing the stock exchange CEO to resign.
JoongAng Group filed for court rehabilitation after its JTBC broadcaster defaulted on 20.6 billion won in securitized loans, with ratings agencies cutting the media conglomerate to junk status.
Tokyo's Nikkei hit a record 66,934 while Korea's Kospi jumped 3.7 percent to 8,788 as markets priced in restored Gulf oil flows through the Strait of Hormuz.
Grain futures slumped in Chicago as the Iran deal prospect sent fertilizer prices tumbling, with urea in New Orleans dropping 18 percent to $640 per ton from $780 earlier this week.
One of Asia's most recognisable brokerage names will disappear next year as Citic Securities replaces the CLSA brand across its 21-office network.
The $85 million round led by CRV with Samsung and LVMH backing positions Theker as Europe's robotics category leader building "generalist" industrial robots that adapt without reprogramming.
Adobe lifted full-year revenue guidance to $26.5-26.6 billion and non-GAAP EPS to $24.35-24.45 after record Q2 results driven by AI-first demand.
US District Judge Christopher Cooper ruled the Kennedy Center board "overstepped its statutory bounds" by adding Trump's name to the congressionally established JFK memorial, ordering removal from all…
John Healey resigned after telling Starmer the Defence Investment Plan "falls well short of what is required" and could make Britain "less safe" amid rising threats from Russia and the Middle East.
Lord Richard Walker, Starmer's appointed cost of living adviser and Iceland Foods chair, described the state pension triple lock as "mathematically unsustainable" and "unfair" to younger workers.
Chinese coal-producing regions are ramping up coal-to-chemicals as Persian Gulf war disrupts oil supplies, even as the sector generated 54 million tonnes of additional CO2 in the first eight months of…
Trump will nominate Jay Clayton, currently US Attorney for Southern District of New York and former SEC Chairman, as Director of National Intelligence after congressional backlash over Bill Pulte's…
New York erased a 29-point third-quarter deficit to beat San Antonio 107-106 in Game 4, the largest comeback in NBA Finals history, putting them one win away from ending a 53-year championship…
ETF flows are becoming a bigger driver of SK Hynix trading than the actual memory chip fundamentals. The Korean giant's share price has surged 230 percent year-to-date on AI memory demand, pushing it…
SpaceX is preparing what would be the largest IPO in history, targeting around $75-80 billion at a $1.75 trillion valuation.
Finance Minister Amir Hamzah Azizan warned the 3.5% deficit target is at risk after fuel subsidies exploded to RM7 billion in April alone, roughly 10 times pre-Iran war levels.
British-born Steve Hilton will face Democrat Xavier Becerra in November after securing 25% in California's top-two primary, displacing billionaire Tom Steyer despite his $215 million self-funded…
The UK's largest mobile operator submitted a second-round bid for TalkTalk's consumer broadband business after initially staying out of the auction.
The private equity giant is actively seeking to acquire or partner with a Japanese life insurer to tap the country's ¥900 trillion in life insurance reserves.
Developers can now create subscription packages spanning multiple apps from different companies, the first structural change to App Store monetization since 2016.
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