Major business developments span AI investments, corporate leadership transitions, geopolitical tensions affecting markets, and regulatory scrutiny of tech giants and federal agencies.

Google commits up to $40 billion investment in AI startup Anthropic as competition intensifies in the artificial intelligence sector, while Cohere acquires Germany-based Aleph Alpha to create a 'transatlantic AI powerhouse' challenging American dominance.

Sam Altman faces pressure to improve OpenAI's financial performance after culling company projects, while Apple's John Ternus takes over as CEO from Tim Cook, inheriting challenges including innovation, supply chain management, and market competition.

SpaceX has provided billionaire Elon Musk with loans and financial benefits to support his struggling companies, according to a New York Times examination of how the rocket maker has served as a financial tool for Musk's broader business interests.

SiriusXM is reportedly in early talks to acquire iHeartMedia, which would consolidate two major providers of traditional and satellite radio in a significant media industry consolidation move.

U.S. targets China's shadow trade with Iran through sweeping sanctions, widening crackdown on secretive oil and chemical commerce between Beijing and Tehran ahead of a Trump-Xi summit.

Over 200,000 heated socks sold at Costco recalled after reports of first- and second-degree burns, highlighting product safety concerns affecting major retailers and branded consumer goods.

Trump administration drops investigation into Federal Reserve Chair Jerome Powell as Kevin Warsh's confirmation as successor remains in limbo, amid concerns about political pressure on central bank independence.

Thousands of electric vehicle leases ending in the next three years will flood used-car markets with more affordable battery-powered options, potentially reshaping the EV adoption landscape.

Japan recruits young athletes including bodybuilders, wrestlers and MMA fighters as nursing home care workers to address critical staff shortages, fundamentally reshaping elder care industry approaches.

Justice Department has paid over $8.5 million to resolve legal claims from Trump allies and supporters since his return to the White House, raising concerns about potential undermining of past investigations.