Business Update

With supply chains at risk, the aid to Southeast Asian nations is aimed at securing the availability of oil-based products, including medical equipment. Source link

A jury found that the concert giant operated as a monopoly, a verdict that could have major reverberations in the music industry. Source link

Investors appear to be treating an end to the U.S.-Israeli war with Iran as a foregone conclusion, as the S&P 500 closes above 7,000. Source link

The British prime minister will meet with executives from Meta, Google and other companies on Thursday as his government explores how to protect children from online harms. Source link

Doug Field, a former Tesla and Apple executive, had returned to Ford Motor in 2021 to help develop new electric models and software. Source link

Jerome H. Powell’s term as chair of the Federal Reserve ends on May 15, but it appears increasingly likely that he will stay on in some capacity at the central bank after that. Source link

The music industry colossus that includes Ticketmaster was found to have violated antitrust laws by using its dominance in the industry to stifle competition. Source link

The company, which owns the social media app Snapchat, said it was laying off about 1,000 employees as it increases its reliance on artificial intelligence. Source link

Amid signs of a prolonged period of high energy costs, policymakers are urging restraint as governments open up the public till to protect households and businesses. Source link

More than a dozen U.S. Navy warships are enforcing a blockade on all vessels from all nations entering or leaving coastal areas or ports in Iran. Source link