🩺 Dead on Arrival

Two doctors, one corpse, nobody wants to sign the form.

21 mai 2026

Two doctors stand over the same patient and cannot agree on the cause of death. The first, fresh from two years running the National Health Service, resigned and waited 48 hours before announcing his diagnosis: Brexit was the tumour all along. Wes Streeting, who spent his cabinet years treating Europe as a word one does not say in front of the children, now prescribes it as the only medicine worth taking. The second doctor, operating out of Manchester, reads a different chart. Andy Burnham wants to nationalise the water, the energy and the housing, and would rather not mention the single market at all. Same corpse, two autopsies. The corpse is the Labour Party, polling at 16%, behind a populist outfit and a Green party that posed no threat 18 months ago.

Burnham’s difficulty is that he must first acquire a pulse of his own. The Greater Manchester mayor tipped as Starmer’s heir is not currently a member of parliament, the one qualification the job demands. The party machine fixed this by parachuting him into Makerfield and skipping the part where the local membership votes, since no rival name was allowed to surface. There he meets Robert Kenyon, a plumber whom Farage has crowned the plucky underdog, in a seat where Reform swept all 8 council wards on roughly 50% of the vote. To win it, Burnham must spend his days swearing never to touch Brexit, while in a London think tank his colleague sermonises that the same Brexit was a catastrophic error. The left hand of the party does not merely ignore the right. It campaigns against it.

That Streeting’s diagnosis holds up is the awkward part. Rejoining the single market is a defensible economic argument, and the numbers behind it are not invented. But the wound was never economic. Starmer learned this the expensive way, sitting on a net favourability of -46, the worst of any prime minister in 50 years, having spent two years saying nothing about Europe so that nobody could take offence. The silence left him illegible rather than protected, a man whose chief political achievement was inspiring 80 of his own MPs to ask him to leave, an invitation he is, in the boldest move of a cautious career, declining.

The voter all three are actually fighting over sat in no think tank last weekend. He was marching through London behind the far-right agitator Tommy Robinson, and the crowd watching the speeches on big screens did not look like people awaiting a second opinion on the customs union. Two physicians may quarrel all they like over the prescription. The vacuum Labour spent two years carefully maintaining has already been filled by men who never run short of things to say. Whether anyone is still in the room to hear the cure, once the party finally settles on one, is the question neither chart bothers to record.

🩺 Dead on Arrival

🗞️ Top Story

  • 🇬🇧 Burn Notice. Manchester’s Andy Burnham enters the June 18 by-election aiming to reclaim a seat in Parliament and possibly Starmer’s job, as Labour’s leadership looks shakier than ever. (Le Monde)
  • 🇫🇷 Foreign Affairs. French authorities have launched legal action after candidates from La France insoumise were targeted by suspected foreign digital interference during March’s municipal elections. (Le Monde)
  • 🇦🇹 Spy Hard. Former Austrian intelligence agent Egisto Ott is sentenced to over four years in prison for passing officials’ phones and secrets to Russia, exposing thousands and risking refugees’ safety. (France Info)
  • 🇵🇱 Fake News, Real Divide. Four years after embracing Ukrainian refugees, Poland’s mood has turned hostile, fueled by disinformation campaigns muddying the relationship. (El Pais)
  • 🇱🇹 Cabinet Under Cover. Vilnius authorities moved Lithuania’s top leaders to safety and halted flights and trains after a drone scare forced the capital into lockdown. (Spiegel)
  • 🇷🇺 Close Encounters. Two Russian fighter jets buzzed an unarmed RAF surveillance plane over the Black Sea last month, getting within six metres and triggering emergency systems in what the UK calls the most dangerous Russian action since 2022. (BBC)
  • 🇺🇸 Fleet Street. The USS Nimitz arrives in the Caribbean for a few days as Trump ramps up military pressure on Cuba, just as charges hit Raul Castro. (New York Times)
  • 🇺🇸 Cold Call. Jeff Landry shows up uninvited in Greenland and urges more American military bases on the island, because nothing says partnership like dropping by with troop plans. (Le Temps)
  • 🇰🇷 Strange Bedfellows. South Korean President Lee Jae-myung and Japan’s Prime Minister Sanae Takaichi hold their fourth meeting in six months, as growing regional threats push historic rivals into an unlikely partnership. (Le Monde)
  • 🇵🇭 Immunity Idol. Ronald Dela Rosa tried. And failed. To win legal protection from arrest by the ICC for his role in Duterte’s brutal drug crackdown. The Supreme Court’s ruling leaves him exposed and Manille holding the next move. (Le Monde)
  • 🇮🇱 Public Display. Israeli security minister Itamar Ben Gvir publishes a video showing Gaza flotilla activists humiliated in detention, sparking international outrage but no apology. (Le Monde)
  • 🌍 Risky Business. The World Health Organization warns the Ebola outbreak in DR Congo poses a « high » risk for Central Africa but only a « low » global threat, keeping the pandemic alarm on mute for now. (Le Monde)
🇬🇧 United Kingdom
  • 🇬🇧 Spin Cycle. Starmer’s closest aides were briefed about an “indefensible” investigation targeting journalists covering Labour Together, with former chief of staff Morgan McSweeney among those updated. (The Guardian)
  • 🇬🇧 Green Light. Senior Green Party figures consider pulling back in Makerfield to avoid splitting the progressive vote and boost Labour’s Andy Burnham against Reform UK. (Financial Times)
  • 🇬🇧 Scroll Patrol. Groups including the NSPCC tell Starmer to focus bans on platforms with features like infinite scrolling and disappearing messages, not every app. (The Guardian)
🇺🇸 United States
  • 🇺🇸 Funding Fathers. Thomas Massie blames pro-Israel donors for his primary defeat, turning his concession speech into the latest flashpoint in the GOP’s Israel wars. (New York Times)
  • 🇺🇸 Primary Colors. Trump-backed Ed Gallrein ousts GOP incumbent Thomas Massie in Kentucky, while Ocasio-Cortez’s pick sweeps Pennsylvania, showing both party extremes flexing muscle. (New York Times)

🏛️ Economy

  • 🇩🇪 Plasma Promise. Berlin unveils a roadmap for a working fusion reactor by the late 2030s, aiming for commercial energy from fusion in the 2040s. No flux capacitor required. (Die Zeit)
  • 🇸🇪 Fleet of Fancy. Sweden will buy four advanced frigates from France’s Naval Group for $3.7B, marking its biggest defense deal in decades and deepening bilateral military ties. (Le Monde)
  • 🇪🇺 Trade-Offs. Brussels and Washington agree to drop select tariffs from last summer’s pact, narrowly dodging a new US auto tax hike. (Wall Street Journal)
  • 🇪🇺 Premium Returns. Private equity funds drove a 3.6% rise in eurozone SME buyout prices last quarter, lifting the Argos Index to its highest level in over a year. (Boursier)
  • 🇺🇸 Room for Doubt. hotels face a World Cup letdown as Fifa cancels up to 70% of reserved rooms, leaving bookings far below expectations and forecasts in tatters. (BBC)
  • 🇺🇸 Prime Cut. Jeff Bezos, Amazon founder and world’s fourth-richest man, says the bottom half of earners should pay zero federal income tax, because every penny counts when you only have $269B. (Cnbc)
  • 🇨🇳 Customs Union? China and the US set up talks to reduce tariffs on $30B-plus of goods per side, hoping to extend their temporary trade peace. (Le Temps)
🇬🇧 United Kingdom
  • 🇬🇧 Core Values. Manchester’s inner city sees outsized gains, letting Andy Burnham argue his homegrown economic recipe is ready for export. (The Guardian)
  • 🇬🇧 Pump Fiction. Despite the fastest fuel price rises in four years, the UK posted 2.8% inflation in April, with the energy price cap acting as a timely reality check. (The Guardian)
  • 🇬🇧 Freeze Frame. The UK government keeps the 5p fuel duty cut in place through December, spending £455M to placate drivers as petrol prices hit new highs. (BBC)
  • 🇬🇧 Shelf Control. Rachel Reeves abandons her food price cap plan after retailers revolt, ensuring UK grocery prices remain as free-range as the eggs. (Financial Times)
🇺🇸 United States
  • 🇺🇸 Vapor Trails. Reynolds American donated $5M to a Trump super PAC days before the FDA announced vape rules that boost Big Tobacco’s market share. Just a coincidence, they say. (New York Times)
  • 🌎 Current Affairs. Electric vehicle sales hit 25% worldwide thanks to China and Latin America, but US growth flatlines leaving American automakers in the slow lane. (TechCrunch)

🏢 Real Estate

  • 🇪🇺 Tower of Babel. The €850M sale of Frankfurt’s OpernTurm, Europe’s biggest office deal since 2022, just collapsed as the buyer failed to secure financing. (Financial Times)
  • 🇨🇳 False Start. Existing home prices in Beijing, Shanghai, Shenzhen, and Guangzhou edged up, sparking debate over whether China’s housing slump is truly ending or just pausing for breath. (New York Times)
🇬🇧 United Kingdom
  • 🇬🇧 Tax Shift. The Centre for London proposes axing stamp duty and council tax, pitching a property wealth tax to unlock housing and boost affordable options. (The Guardian)
🇺🇸 United States
  • 🇺🇸 Off the Market. Thousands of Chicago homes vanished from Zillow this week after a feud with local database MRED cut off the listings without warning. (Wall Street Journal)
  • 🇺🇸 Rate Escape. As the average 30-year mortgage rate climbs to 6.56%, more homebuyers are turning to riskier adjustable-rate loans, now nearly 10% of new applications. (Cnbc)

🔗 On-chain

  • 🇸🇪 Scandi Coin. AllUnity plans to launch a stablecoin tied to the Swedish krona, hoping to give Sweden its own digital currency flavor. (FinExtra)
  • 🇪🇺 Stable Mates. The qivalis consortium expands to 37 banks from 15 countries, signing up ABN Amro 🇳🇱, Rabobank, and more for its euro stablecoin. The ECB is skeptical, but the race is on. (Boursier)
  • 🇺🇸 Share and Share Alike. Polymarket now lets traders bet on private company milestones like OpenAI and Anthropic valuations, finally offering ordinary investors a taste of unicorn hype without any actual shares. (Cnbc)
  • 🇺🇸 Saylor Moon. Bitcoin’s fate is increasingly tied to Michael Saylor’s accumulation tactics, with MicroStrategy buying more coins than most exchanges see in a month. (Bloomberg)

💱 Listed Markets

  • 🇫🇷 AI of the Tiger. Iliad and 27 partners including Orange, EDF, and Hugging Face launch a $10B French consortium aiming to build Europe’s first AI “gigafactory” and challenge US tech dominance. (Maddyness)
  • 🇫🇷 Spring Cleaning. French fraud authorities raided Nestlé Waters 🇨🇭 sites in Vergèze and Vittel, probing alleged cover-ups of banned water treatment methods. The company insists it is cooperating fully. (Swissinfo)
  • 🇩🇪 Bank Holiday. Commerzbank rallies its shareholders to block UniCredit’s $16B takeover bid, staging a public show of defiance to defend its independence. (Le Monde)
  • 🇳🇱 Moore Problems. ASML foresees persistent chip shortages as tech giants pour billions into AI, pushing the semiconductor market toward $1.5T by 2030. (Boursier)
  • 🇺🇸 Chip Happens. Nvidia posted a $58.3B quarterly profit as the AI gold rush keeps shoveling money its way, leaving other tech giants in the dust. (New York Times)
  • 🇺🇸 Like and Fire. Meta will cut 8,000 jobs and reassign 7,000 more to AI roles, as Zuckerberg warns that « success isn’t a given » in the AI race. (Cnbc)
  • 🇺🇸 Force Multiplier. Meta is shuffling more than 7,000 employees into AI-focused teams, with mandatory job changes and zero room for negotiation: « Transfers aren’t optional, » says management. (The Guardian)
🇬🇧 United Kingdom
  • 🇬🇧 Artificial Discontent. Hundreds at Google DeepMind’s UK office push for union talks, alarmed by the company’s AI support for US and Israeli intelligence. (The Guardian)

🛎️ Big Deals (M&A)

  • Diam Bouchage 🇫🇷 acquires Altasur 🇦🇷, a South American distributor of oenological solutions.
  • Germany 🇩🇪 will launch a privatization of bailed-out utility Uniper 🇩🇪 valued at $23B.
  • Hedge funds Triton Partners 🇩🇪 and Varde Partners 🇺🇸 are exploring a $3.5B sale of Fraikin Group 🇫🇷.
  • Intesa Sanpaolo 🇮🇹 explores a bid for Singular 🇪🇸, which is seeking €300M.
  • Benfica 🇵🇹 is considering blocking Tim Leiweke 🇨🇦’s acquisition of a stake due to his ownership in other European teams.
  • Růžový slon 🇨🇿 acquires Notino 🇨🇿, marking its second acquisition in two years, aiming for a half-billion valuation.
  • Erdélyi vállalkozók 🇭🇺 acquires DreamJobs 🇭🇺.
  • Global Healthcare Opportunities 🇪🇺 and CBC Group 🇸🇬 will merge to form a $21B AUM firm.
  • PolyPeptide 🇨🇭 is in the next round of bidding for a takeover, shortlisted by PE firms EQT 🇸🇪 and IDG Capital 🇨🇳, valued at $1.6B.
  • Amazon Web Services 🇺🇸 acquires fal 🇺🇸, a generative media creation startup valued at $4.5B.
  • Analog Devices 🇺🇸 acquires Empower Semiconductor 🇺🇸 for $1.5B.
  • Lupa Systems 🇺🇸 acquires half of Vox Media 🇺🇸, including its podcast network and New York magazine.
  • Tether 🇺🇸 acquires SoftBank 🇯🇵’s stake in a Bitcoin treasury firm.
  • Arctos Sports Partners 🇺🇸 to acquire a 10% stake in the NFL’s Cleveland Browns 🇺🇸 from the Haslam family at an over $9B valuation.
  • Apollo 🇺🇸 co-founder Josh Harris 🇺🇸 will re-acquire Blue Owl 🇺🇸 co-founder Doug Ostrover 🇺🇸’s entire stake in NFL’s Washington Commanders 🇺🇸 at a reported $9B valuation.
  • KKR 🇺🇸 and Energy Capital Partners 🇺🇸 are considering an improved offer for UK energy provider DCC 🇬🇧 after a rejected bid of $6.7B.
  • Warburg Pincus 🇺🇸 and Kayne Anderson 🇺🇸 are seeking to sell Wildfire Energy 🇺🇸 at a $4B valuation.
  • Quantum Capital Group 🇺🇸 is seeking to sell Bison Oil and Gas 🇺🇸 at an over $3B valuation.
  • Greenbelt Capital Partners 🇺🇸 is seeking to sell TRP Energy 🇺🇸 at an over $3B valuation.
  • EnCap 🇺🇸 is seeking to sell Ridge Runner 🇺🇸 for $2B.
  • Google DeepMind 🇺🇸 acquires AI startup Contextual AI 🇺🇸 for $100M.
  • Aguassanta Participações 🇧🇷 is considering acquiring part of the farmland portfolio held by Radar 🇧🇷.
  • Century Medical 🇯🇵 acquires SunMed 🇺🇸’s Japan sales operations.
  • Niger 🇳🇪 secures a 45% stake in West African Oil Pipeline Co. 🇨🇳.

🧳 Private Markets & VC

  • 🇺🇸 Star Billing. SpaceX opens its books to the public with Wednesday’s IPO filing, aiming for a historic June listing and a valuation that could crown Musk a trillionaire. (Wall Street Journal)
  • 🇺🇸 Genius by Proxy. Jack Clark of Anthropic says AI is just months away from helping land a Nobel prize, as robots edge closer to the podium. (The Guardian)
  • 🇺🇸 Public Option. Sam Altman’s OpenAI gears up for a blockbuster IPO filing, hoping to hit the public markets before rival Anthropic and SpaceX can steal the show. (Financial Times)
  • 🇺🇸 Model Citizens. Anthropic’s soaring revenues will finally push it into profit, while rivals keep promising future riches and present spectacular losses. (Financial Times)
  • 🇺🇸 Leak the Vote. Trump Mobile is exposing customers’ personal data online, leaving buyers like Coffeezilla and penguinz0 with more transparency than they bargained for. (TechCrunch)
  • 🇨🇳 Rise of the Machines. Chinese robotics startups have raised a record $5.6B so far this year as embodied AI fuels fresh IPO momentum and investor frenzy. (Crunchbase)

Fundraising

  • Amca 🇺🇸 (Aerospace): $300M (Caffeinated Capital, Lightspeed Venture Partners, Andreessen Horowitz, Lux Capital, Construct Capital, House Capital)
  • Armada 🇺🇸 (AI): $230M (Overmatch, BlackRock, 8090 Industries)
  • Mercury 🇺🇸 (Banking): $200M (TCV, Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, Sequoia Capital, Spark Capital)
  • RADAR 🇺🇸 (Retail): $170M (Gideon Strategic Partners, Nimble Partners, Align Ventures)
  • SendCutSend 🇺🇸 (Manufacturing): $110M (Sequoia, Paradigm, Patrick Collison, John Collison)
  • Primer 🇬🇧 (Fintech): $100M (Sofina, Peak XV Partners, Balderton, Accel, ICONIQ, Tencent, Speedinvest)
  • Nourish 🇺🇸 (Healthcare): $100M
  • Boston Metal 🇺🇸 (Metals): $75M
  • Viktor 🇺🇸 (AI): $75M
  • Commure 🇺🇸 (Healthcare): $70M (General Catalyst, Sequoia Capital, Morgan Stanley, Kirkland & Ellis)
  • Unframe 🇩🇪 (AI): $50M (Highland Europe, Bessemer Venture Partners, Craft Ventures, TLV Partners, Third Point Ventures, Cerca Partners, Vintage Investment Partners)
  • Cagent Vascular 🇺🇸 (Healthcare): $41M (U.S. Venture Partners, Astoria Health Investors)
  • SignalPlus 🇭🇰 (Crypto): $40M
  • bunch 🇩🇪 (Fintech): $35M (Portage, Illuminate Financial, Motive Partners, Cherry Ventures, Fintech Collective)
  • Ocean 🇺🇸 (Cybersecurity): $28M (Lightspeed Venture Partners, Picture Capital, Cerca Partners)
  • CircuitHub 🇬🇧 (Manufacturing): $28M
  • Sardine 🇨🇦 (Fintech): $25M
  • Findd 🇺🇸 (Workforce Management): $21M
  • Prelude 🇫🇷 (Fraud Prevention): $20M (20VC, Singular, Seedcamp, Deel, FDJ Ventures)
  • Eisen 🇺🇸 (Fintech): $18.5M (MissionOG, Index Ventures, Cowboy Ventures, First Round Capital, Homebrew, Restive Ventures)
  • RemotePass 🇬🇧 (Fintech): $17.4M (EBRD Venture Capital, 500 Global, Oraseya Capital, 212 VC, Access Bridge Ventures, Khwarizmi Ventures)
  • Status AI 🇺🇸 (Gaming): $17M
  • Drew Capital 🇺🇸 (Real Estate): $16.25M
  • Searchable 🇺🇸 (AI): $14M
  • Hellbender 🇺🇸 (AI): $12.5M (Magarac Venture Partners, Veredas Partners)
  • Feldwerke 🇩🇪 (Renewables): €12M
  • Cosmico 🇮🇹 (Future-of-work): €12M (P101 SGR, Prana Ventures)
  • NanoCo 🇺🇸 (Security): $12M (Valley Capital Partners, Docker, Vercel, Monday.com, Slow Ventures, Clem Delangue)
  • Tribal 🇺🇸 (AI): $10M (Team8, DYDX Capital)
  • MISTER IA 🇫🇷 (AI): €10M
  • Checker 🇺🇸 (Fintech): $8M (Galaxy Ventures, Al Mada Ventures, Framework Ventures)
  • Century Health 🇺🇸 (Healthcare): $5M (Origin Ventures, InnovateHealth Ventures, 25madison, Next Play Ventures, 2048 Ventures, Alumni Ventures)
  • Imperagen 🇬🇧 (Biotech): £5M (PXN Ventures, IQ Capital, Northern Gritstone)
  • Greenpixie 🇬🇧 (Software): £4.7M
  • Infrawatch 🇬🇧 (Cybersecurity): $3M (Outward VC, Triple Point Ventures, Portfolio Ventures)
  • Contrario 🇺🇸 (Recruiting): $2.3M (Nexus Venture Partners, Inventum Ventures, Goodwater Capital)
  • Voker 🇺🇸 (AI): $2.2M (Y Combinator, FundersClub)
  • Qurie 🇩🇪 (Energy): €2.2M (High-Tech Gründerfonds, Technology Transfer Fund TT49, Aepikur GmbH)
  • AVIAN 🇨🇭 (Industrial AI): €2.2M
  • BirdyChat 🇱🇻 (Messaging): €1.7M
  • Invertix 🇩🇪 (ClimateTech): €1.7M (Vireo Ventures, Italian Founders Fund)
  • Overwatch AI 🇺🇸 (Aviation): $1.5M (United Airlines Ventures, Baobab Ventures, Pegasus Innovation Lab, Masia)
  • CRACI 🇫🇮 (Compliance): €1.4M
  • Novaleum 🇫🇷 (Biocarburants): €1M
  • Paindrainer 🇸🇪 (Digital Therapeutics): €550K (Almi Invest, Tramontane Invest)
  • Viseur AI 🇹🇷 (Healthcare): $350K

Fund Watch

  • Stellus 🇺🇸: $1.5B (4th private credit fund)
  • Eurazeo 🇫🇷: $1.1B (1st closing of PME V, midcap buyout fund)
  • Shamrock Capital 🇺🇸: $813M (4th content strategy fund, oversubscribed)
  • Aqualis Partners 🇺🇸: $750M (debut fund, PE secondaries)
  • 360 ONE Asset Management 🇮🇳: $500M (6th private credit fund, currently raising)
  • Mouro Capital 🇵🇱: $400M (3rd fund, fintech and AI infrastructure)
  • Plus Partners 🇪🇸: €45M+ (1st vehicle, venture capital for tech startups)

🔔IPO

  • ArcelorMittal 🇫🇷 (Steel): sold a 10% stake in Vallourec for $667M, reducing its stake to 17%.
  • KNDS 🇩🇪 (Defense): plans to sell 2% of its 16% stake in RENK Group for $312M at a 3% discount ahead of its IPO.
  • Schouw 🇩🇰 (Conglomerate): seeking to raise $423M in a notable IPO of fish feed producer BioMar, aiming for a $1.7B valuation.
  • Norvato 🇱🇺 (Software): spun out 30 companies valued at $580M from Visma’s $22B group ahead of its IPO.
  • SpaceX 🇺🇸 (Aerospace): Goldman Sachs and Morgan Stanley to lead a record $75B IPO.
  • Lincoln International 🇺🇸 (Finance): raised $421M at a $2B valuation in its IPO priced at the top of the marketed range.
  • Moonshot 🇨🇳 (AI): revamping its corporate structure for a Hong Kong IPO with a valuation of $20B.
  • Fosun International 🇨🇳 (Conglomerate): selected banks for a $500M Hong Kong IPO of holiday resort operator Club Med.
  • Linkerbot 🇨🇳 (Robotics): considering a Hong Kong IPO.
  • Kokusai Electric 🇯🇵 (Semiconductors): KKR to offload its entire 10.6% stake in the $9.2B Japan-listed company.
  • Jio Platforms Ltd. 🇮🇳 (Tech): facing challenges for a potential $4B IPO due to the impact of the Iran war.

🧳 Debt

  • Teleperformance 🇫🇷: successfully placed a double tranche bond issuance to extend debt maturity, with significant oversubscription.
  • Rheinmetall 🇩🇪: plans its first public bond deal since 2010.
  • Arsenale 🇮🇹: plans to raise $350M in a bond sale.
  • Paramount Skydance 🇺🇸: banks preparing to sell $49B in debt for the $110B takeover of Warner Bros. Discovery.
  • JPMorgan 🇺🇸: launched a $6B loan sale to refinance part of Warner Bros. Discovery’s bridge facility.
  • Ecolab 🇺🇸: sold $5B in investment grade bonds to finance its $4.75B acquisition of CoolIT Systems.
  • United States Tennis Association (USTA) 🇺🇸: in talks to raise $400M in private credit for the Arthur Ashe Stadium overhaul.
  • China 🇨🇳: seeking to raise $882M in a debut green sovereign bond sale in Hong Kong.
  • Indonesia 🇮🇩: sold $3.45B of dollar and euro bonds.
  • JSW Motors 🇮🇳: secured $826M funding from India’s top bank.
  • Humain 🇸🇦: selected Goldman Sachs to advise on a $5B financing package for data centers.

❌ Failures

  • Nosoli 🇫🇷: le groupe de librairies, réalisant 160M€ de chiffre d’affaires en 2023, envisage une restructuration sous redressement judiciaire en raison de tensions de trésorerie.
  • Quantic Dream 🇫🇷: the studio halted development of « Spellcasters Chronicles » due to insufficient players, leading to internal reorganization and potential layoffs.
  • Melfor 🇩🇪: le fabricant vinaigre aromatisé ferme son usine en Allemagne en raison conditions marché difficiles, employant une dizaine salariés.
  • Skyguide 🇨🇭: the Swiss air traffic controller plans to cut up to 220 jobs by 2027 due to rising costs and financial instability.
  • Meta 🇺🇸: the company announced layoffs of 8,000 employees, accounting for 10% of its workforce, as it shifts focus to A.I. initiatives.
  • Intuit 🇺🇸: le développeur de solutions de gestion va licencier environ 3.000 employés, soit 17% de ses effectifs mondiaux.
  • LIV Golf 🇺🇸: after receiving $5B from Saudi’s PIF, the PGA-rival is preparing to file for bankruptcy and shift its headquarters.
  • STG Logistics 🇺🇸: the freight services firm secured court approval for a Chapter 11 bankruptcy plan to cut over $1B in debt.
  • Equity Trustees Superannuation Ltd. 🇦🇺: the company is being sued by Australia’s ASIC for its role in a failed investment fund affecting thousands of retirement savers.

🎯 For a Few More Minutes…

  • 🇫🇷 Breach Club. French police arrested four suspects linked to the notorious ShinyHunters hacking group, accused of running BreachForums and fueling global data leaks. (Le Monde)
  • 🇺🇸 Holy Orders. Scott Vincent Borba, co-founder of e.l.f. Beauty, is trading luxury skincare for the priesthood as he is ordained in Fresno, California this weekend. (New York Times)
  • 🇺🇸 Steroid Circus. The first-ever Enhanced Games opens in Las Vegas, showcasing athletes using banned performance drugs and dividing the sports world between outrage and curiosity. (BBC)
  • 🇺🇸 Holy Rollout. Eli Lilly is suing bishops and businessmen linked to the Church of God in Christ, alleging a $200M Trulicity rebate fraud scheme that used fake patient claims and church ties for profit. (Cnbc)

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