Business Update

Stock markets across Asia tumbled, as investors continue to wrestle with whether the boom in artificial intelligence spending is overdone or just beginning. Source link

The attack, confirmed by U.S. and Iranian officials, came after Tehran threatened to disrupt shipping in the waterway and as Washington sought regional support for its peace agreement. Source link

The strike on a vessel near the coast of Oman prompted a U.N. agency to pause an evacuation of ships from the Persian Gulf. Source link

In a notice flagging a series of problems with a clinical trial, the journal Nature Medicine said its editors “no longer have confidence in the integrity of the results.” Source link

SpaceX has joined a growing cohort of companies that use dual class share structures to ensure many shareholders have little say in how they are run. Source link

A closely watched measure of inflation ticked up as the conflict in the Middle East inflated energy prices. Source link

The court’s decision is likely to determine the future of thousands of lawsuits against Bayer, which manufactures the weedkiller, over similar claims. Source link

The settlement addresses the dumping of PFAS “forever chemicals,” which have been linked to cancer and other risks, by Chemours in several states. Source link

The tech giant cited the soaring costs of memory and storage chips as it increased prices more than $200 on some devices. Source link

Another potential successor, Marianne Lake, is leaving JPMorgan, as the longstanding chief executive enters his third decade atop the bank. Source link