Markets

Diversified Energy Company PLC announced the repurchase of 31,898 ordinary shares on June 5, 2025, at an average price of $13.9421 per share. The repurchased shares will be retired, resulting in 78,672,415 ordinary shares outstanding.

Huawei’s Yu Chengdong and other Chinese automotive industry leaders warn against price wars, emphasizing the value of quality and innovation over unsustainable low prices. They advocate for value competition, prioritizing product features, customer experience, and ethical business practices. This stance reflects concerns over declining quality, compromised service, and the long-term risks associated with relentless price cutting in the automotive sector.

Elon Musk’s strained relationship with Donald Trump has negatively impacted Tesla, resulting in a $150 billion drop in market capitalization. Despite this, Musk remains the world’s wealthiest individual, with a net worth of approximately $388 billion, far exceeding Mark Zuckerberg’s. Trump’s net worth is $5.4 billion. The cause of the conflict is unclear, but Musk has been critical of Trump.

Dassault Systèmes announced its strategy to double its non-IFRS diluted EPS by 2029 facilitated by its 3D UNIV+RSES initiative. The company aims to create virtual-plus-real (V+R) environments using Gen AI, significantly boosting productivity and securing intellectual property. This strategy, revealed at its Capital Markets Day, focuses on industrial innovation, mainstream markets, and life sciences, with a live webcast available for investors.

Elon Musk reversed his decision to retire SpaceX’s Dragon spacecraft shortly after threatening to do so, following disagreements with former President Trump. The Dragon is crucial for NASA’s ISS missions and commercial space travel. The U-turn came after Musk received feedback. The Dragon spacecraft is integral to NASA’s operations, transporting crew and cargo to the ISS, a service critical until 2030.

To boost profitability, Intel is implementing a strict project approval process. Intel’s new policy mandates a minimum 50% gross margin for new projects, as stated by CEO Michelle Holthaus. Projects not meeting this threshold will be denied funding and resources. This strategic shift, driven by CEO Pat Gelsinger, is aimed at improving Intel’s margins, which currently stand at 31.67% after declining below 50% in Q2 2022.

Tech influencer Wang Ziru, known for product reviews, is re-entering the AI field after leaving Gree. His departure, described as “the worst time of his life,” stemmed from challenges despite a focus on industrial internet and sales infrastructure overhaul. Wang prioritized vision over compensation and previously integrated within Gree with close proximity to Chairwoman Dong Mingzhu.

IDC’s 2025 report ranked Baidu’s Ernie LLM as the leading model in China, achieving top scores in seven out of eight evaluation dimensions. Competing against LLMs from OpenAI, Alibaba, and others, Ernie outperformed in areas like functionality, usability, and ecosystem integration. The report highlighted Ernie’s advanced capabilities, including multi-turn dialogue, image understanding, and translation. Baidu’s strategic positioning across the tech stack and its PaddlePaddle platform contribute to Ernie’s comprehensive product matrix and strong ecosystem, positioning it to drive AI-driven solutions across multiple industries.

CyberArk is issuing $1.1 billion in 0.00% convertible senior notes due 2030, upsized from $750 million. The notes are exchangeable for CyberArk shares at an initial conversion price of roughly $509.84, a 30% premium. The company has also entered into capped call transactions to mitigate dilution. Proceeds will fund corporate purposes, potentially including acquisitions.

Elon Musk and Donald Trump’s relationship has fractured, moving from support to open animosity. This public split, seemingly triggered by policy disagreements like the “Big and Beautiful” bill which Musk opposes, has led Musk to call for Trump’s impeachment. The fallout has negatively impacted Tesla, with its stock experiencing a significant decline. The shift marks a dramatic departure from their previous alignment, creating uncertainty for the business and political landscape.