Briefed News
Business, markets, economics and policy from the Briefed newsroom. Every story is sourced and connected back to the wider briefing.
Trump's tariff strategy hit another judicial wall yesterday. A federal trade court ruled his 10 percent global tariffs illegal under Section 122 of the Trade Act, finding no balance-of-payments deficit exists. This follows February's Supreme Court rejection of his broader tariff powers under emergency legislation.
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Page 8Major PE firms used the Milken Institute conference to position AI as the solution to overvalued software investments made during the 2020-2022 remote-work boom, with Ares, Blackstone, and Blue Owl…
Toyota plans 15 new battery-electric models by 2027, targeting one million EV units annually as BYD and Tesla each sold 1.76 million last year while Toyota managed under 100,000.
Meta is developing a consumer AI agent codenamed 'Hatch' based on its internal OpenClaw system, slated for testing by June 2025 as Zuckerberg pushes for products that justify the company's $40 billion…
India's largest drugmaker is acquiring US-listed Organon for $14 per share, creating a $12.4 billion combined entity that positions Sun Pharma as a top-25 global pharmaceutical company.
Samsung became Korea's first trillion-dollar company on February 26, briefly ranking 12th globally before shedding $110 billion in market value within days of the milestone.
Coinbase terminated software engineer Austin Starks for developing NexusTrade, an AI trading platform, despite Starks claiming full disclosure during his hiring process and no work-hour violations.
Bank Indonesia slashed foreign currency purchase limits to $50,000 per month from $100,000 as the rupiah traded near 17,000 per dollar, its weakest level on record.
Alphabet upsized its euro bond offering to €6.5 billion overnight, part of a €22 billion dual-currency debt raise that dwarfs most sovereign issues.
Energy prices spiking 70% across Asia matter less than the $7.57 billion fleeing regional bonds in March alone.
The arithmetic is brutal: Alphabet, Amazon, Meta, and Microsoft will collectively burn through $650 billion in 2026, mostly on AI infrastructure that generates no immediate revenue.
Anthropic's Claude.ai crashed for 78 minutes yesterday, hitting users with 403 authentication errors and API failures during peak usage.
Avalyn Pharma priced its IPO at the top of range and upsized to $300 million, making it one of 2026's largest biotech debuts.
The UAE just shattered OPEC's coordination model with 48 hours' notice. After nearly six decades of membership, the Emirates announced its exit effective May 1, citing production flexibility and…
Beijing just proved it will tear apart finished deals when strategic assets are at stake. China's National Development and Reform Commission ordered Meta to unwind its $2 billion acquisition of AI…
Abu Dhabi is directing customers to load crude outside the Strait of Hormuz for the first time in the current crisis, acknowledging that bypass routes are maxing out.
Supply shortages are turning London's office market into a landlord's paradise. CoStar data shows leasing in London's Southern Fringe reached its highest level since 2016, when Apple pre-let nearly…
UBS is alienating the very parliamentarians who agree with its position on capital requirements, according to private warnings from Swiss lawmakers.
India's used-car market is about to test public investors' appetite for inventory-heavy business models. Spinny has engaged investment banks for a Mumbai listing, joining peers CARS24 and CarDekho in…
Viktor Orbán's political dynasty just collapsed in spectacular fashion. The Hungarian strongman conceded defeat less than three hours after polls closed, as challenger Péter Magyar's Tisza party…
Donald Trump just picked a fight with 1.4 billion Catholics. After Pope Leo XIV condemned his threats to "destroy an entire civilization" if Iran doesn't reopen the Strait of Hormuz, Trump lashed out…
Japan's 10-year government bond yield just spiked to 2.49% , the highest since 1997 , while the 40-year hit 4% for the first time ever as Trump's naval blockade of the Strait of Hormuz sends oil to…
Australia's retirement crisis just got measurably worse. Nearly 38% of superannuation members now fear they cannot retire , up from 28% in 2024 , while housing costs have overtaken daily expenses as…
Keir Starmer's pledge to boost living standards just collided with Middle Eastern reality. The Iran conflict will leave typical UK households £500 worse off this year as food inflation rockets to…
Brent crude plunged 13% to around $95 per barrel following Trump's Iran ceasefire announcement, marking the steepest oil drop since the 1991 Gulf War.
Brent crude plunged to $92 from record highs above $144, marking the largest single-day drop since 1991's Gulf War, after President Trump agreed to a two-week ceasefire that reopens the Strait of…
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