Paul Jackson

G7 Moves to Cap Energy Price Fallout After Hormuz Shock

Governments Move to Contain the Energy Shock Energy prices surged after Iran closed the Strait of Hormuz in response to U.S.-Israeli attacks, forcing G7 and EU governments into emergency coordination mode. The immediate policy challenge is familiar: when fuel spikes,

Microsoft Adds Multi-Model Copilot Upgrades, Expands Cowork

What Microsoft Just Changed in Copilot Microsoft (MSFT) unveiled new upgrades to its Copilot research assistant aimed at making results more reliable while keeping work moving faster. The headline shift is a multi-model workflow that lets Copilot tap more than one AI system

Golden Pass LNG Hits First Production at Texas Export Plant

What Happened at Golden Pass Golden Pass LNG, a joint venture between QatarEnergy and Exxon Mobil (XOM), said it has produced its first liquefied natural gas at its new facility in Texas. The milestone marks a major step toward bringing one of the

Unilever-McCormick Talks Eye Tax-Smart Food Deal

What Happened Talks between Unilever (UL) and McCormick (MKC) are moving quickly around a potential combination that would pair Unilever’s food business with the U.S. spice maker. Unilever has said it is in discussions after receiving an offer for its food division, and McCormick has confirmed

West African Crude Trade Slows as Hormuz Disruption Bites

What Happened in West African Crude West African crude trading for April-loading cargoes has slowed, even as the global oil market faces acute supply stress tied to the Iran war and disrupted tanker traffic through the Strait of Hormuz. Traders describe

Citigroup Weighs Buying a U.S. Regional Bank

What Happened Citigroup (C) leaders have been weighing the idea of buying a major U.S. regional bank, as the firm works to complete a multi-year effort to streamline its operations. The discussions have been characterized as preliminary and have taken place over

Apple Expands U.S. Manufacturing Program With $400M Plan

What Apple Announced Apple (AAPL) is expanding its American Manufacturing Program by adding Bosch, Cirrus Logic (CRUS), TDK, and Qnity Electronics. The company said it plans to invest $400 million through 2030 to expand U.S.-based production of key components used across Apple devices. Apple framed the move as part

Shield AI Targets $12.7B Valuation in $2B Series G

What Happened Shield AI, a defense technology startup, is raising $2 billion in a new funding round that values the company at $12.7 billion. The company is positioning the capital raise as fuel for expanding its AI-powered software as autonomous tools play a

Ust-Luga Disruption Raises Risk of Russian Refinery Run Cuts

What Happened at Ust-Luga Russia’s Baltic port of Ust-Luga closed after a drone attack on Wednesday, creating an immediate logistics problem for refined products moving out of the country. The strike damaged a rail unloading rack for petroleum products at the terminal,

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