Key business developments span geopolitical tensions affecting energy markets, major tech industry disputes, and economic policy shifts across multiple regions.

Iran proposes separating Strait of Hormuz negotiations from nuclear talks, offering to reopen shipping while postponing thornier nuclear issues, though Trump has expressed dissatisfaction with the plan.

Microsoft and OpenAI loosen their exclusive partnership as Microsoft will continue licensing OpenAI's technology but is no longer the sole licensee, marking a significant shift in their business relationship.

China orders Meta to unwind its $2 billion acquisition of AI startup Manus, Beijing's most aggressive move yet to prevent AI talent drain to the United States amid broader tech competition concerns.

Elon Musk's lawsuit against OpenAI and Sam Altman begins in Oakland federal court with Musk seeking over $150 billion in damages and a complete organizational overhaul of the AI company.

Budget airlines request $2.5 billion from the Trump administration to offset rising jet fuel costs caused by escalated U.S.-Israeli operations against Iran, citing significant economic pressure.

China's economy shows emerging cracks from regional warfare, with manufacturing-based sectors beginning to falter despite strategic oil and natural gas reserves providing some insulation.

Prime Minister Mark Carney announces Canada will launch a sovereign wealth fund to distance the economy from the U.S., though the fund will be smaller than those in Norway and Middle Eastern oil producers.

Bed Bath & Beyond stock surges over 30% following the first quarter of significant revenue growth in 19 quarters, signaling potential turnaround for the struggling retailer.

Supreme Court hears arguments in Roundup weedkiller case that could determine the future of thousands of lawsuits alleging the popular herbicide causes cancer.

Americans lose $2.1 billion to social media scams in 2025 according to FTC reports, highlighting growing vulnerabilities in digital commerce and fraud prevention.