Markets

Google is offering voluntary separation packages to employees across various departments, including knowledge and information, engineering, and marketing. This follows significant layoffs in 2023 and earlier voluntary separation offers to Android and Pixel hardware teams. The buyouts aim to reduce headcount and address employee anxieties about continued restructuring, despite Google’s financial health.

Nintendo’s live-action “Legend of Zelda” film, initially slated for 2027, faces fan scrutiny. While accepting the delay for refinement, the fanbase debates the live-action format, fearing it will diminish the game’s fantastical elements. They advocate for animation, citing successes like “Spider-Man: Into the Spider-Verse,” arguing it better captures Zelda’s aesthetic, especially after “The Super Mario Bros. Movie”. Despite concerns, fans prioritize a faithful adaptation of the beloved narrative.

WWDC showcased a visual overhaul (“Liquid Glass”) but largely omitted AI advancements, contrasting with Google and Microsoft’s AI focus. While platforms were unified and features like multi-window iPadOS improved, significant AI integration was absent. Apple’s reliance on partners, limited AI mentions, and slow Siri rollout raise questions about their AI strategy and future innovation, particularly given its stock buyback focus over AI investment in comparison to its rivals.

Grupo Financiero Galicia S.A. announced an underwritten secondary offering of 11,721,449 ADSs at $54.25 per ADS, led by HSBC. The offering is not authorized for public sale in Argentina. Proceeds benefit the selling shareholder, HSBC, not Galicia itself. Morgan Stanley and Goldman Sachs are the underwriters, with expected closing on June 12, 2025. Investors should note forward-looking statements and consult the SEC filings for more information.

Chinese automakers are adopting stricter payment terms, with firms like FAW and GAC committing to 60-day supplier payments. This mirrors a trend toward financial control, spurred by concerns about supply chain stability, and drew comparisons to the downfall of mobile maker Gionee, whose collapse due to financial mismanagement left suppliers unpaid, illustrating the risks of insufficient financial regulation in the sector.

Chinese EV makers are aggressively shortening supplier payment cycles, with a 60-day target becoming the new standard. Companies including Geely, Changan, and major state-owned enterprises are implementing this, intensifying competition. Xiaomi, showing forward-thinking supply chain management, has already adopted a 60-day model, offering faster payments than industry norms, thereby fostering supplier loyalty and innovation. Their flexible approach includes immediate payments for some orders and supply chain financing, though the latter raises some concerns. This shift allows suppliers to focus on R&D and quality.

Journey Energy Inc. (TSX: JOY, OTCQX: JRNGF) will participate in Water Tower Research’s Fireside Chat Series on June 11, 2025. CEO Alex Verge and Managing Director Jeff Robertson will discuss Journey’s strategic roadmap, including the Duvernay shale play, conventional assets, and power business development. The chat provides investors with insights into the company’s growth trajectory, market position, and the impact of regulations.

K92 Mining Inc. announced successful results from its virtual and in-person 2025 Annual General Meeting. Shareholders overwhelmingly approved all resolutions, with 66.83% of shares voting. Key proposals, including director elections and auditor appointments, were approved. The strong support reflects confidence in the company’s leadership and strategic direction.

Toll Brothers launched its Regency 55+ active-adult homes at Chambers Creek in Willis, Texas, north of Houston. This debut marks Regency’s first Houston area offering. The residences feature single-level, open-concept designs with customizable options and quick move-in homes. Prices start in the upper $300,000s. Residents benefit from numerous amenities and community events in this top-ranked, gated community near convenient access to entertainment and travel.

Newmark Group arranged a $675 million refinancing for Independence Plaza, a 1,328-unit residential complex in Manhattan’s Tribeca neighborhood, on behalf of Vornado Realty Trust and Stellar Management. This deal highlights investor confidence in the New York City multifamily market. Vornado and Stellar are key players in NYC real estate, with Vornado also focusing on sustainability. Newmark’s global presence and financial performance are also noted.