Daily brief
Microsoft announced it will invest $18 billion to expand its AI capacity in Australia by 2029. Separately, SoftBank is seeking a $10 billion loan backed by its shares in OpenAI. Tesla reported a rebound in sales and higher profits after a slump last year. Venture firms Andreessen Horowitz and Thrive Capital are poised for a big payout from SpaceX’s bid for the AI startup Cursor.
Oil prices edged higher as US-Iran talks made no progress and shipping through the Strait of Hormuz remained disrupted. Iran stated the strait cannot be reopened due to ceasefire breaches. (ongoing coverage)
KPMG is set to cut 10% of its US audit partners.
Mark Carney said booze bans can be resolved 'quickly' with US action.
Trump announced a drug pricing deal with Regeneron.
by WorldBrief & Maksim Micheliov | AI-generated summary