Major regulatory shifts reshape corporate America: SEC axes climate disclosure rules, Trump enables tax havens while AI valuations soar and space sector faces setbacks

The SEC proposes eliminating climate change disclosure requirements that would have mandated publicly traded companies to disclose significant climate risks and effects, marking a major reversal in environmental accountability measures.

Trump administration clears way for U.S. companies to avoid at least $40 billion in taxes since 2025 using schemes in tax havens including Malta, Cyprus, and Bermuda, signaling a dramatic shift in corporate tax enforcement.

Anthropic valued at $900 billion, surpassing OpenAI, as the AI sector experiences explosive growth despite concerns about sky-high IPO valuations that historically underperform for ordinary investors, including potential offerings from SpaceX and OpenAI.

Blue Origin's New Glenn rocket explodes in a fiery setback in Florida, triggering a broader sell-off in space stocks and raising questions about the company's long-term ambitions amid cooling enthusiasm from earlier May gains.

AI chip startups raise record-breaking capital with Groq reportedly securing $650 million following Nvidia's $20 billion acquisition, while a separate startup raises $135 million betting that memory, not compute, is AI's biggest bottleneck.

ServiceNow shares surge 40% this month as AI-related fears fade across the enterprise software sector, with the S&P 500's best performers during May's rally predominantly driven by AI-exposure stocks.

Global oil prices tumble over 20% in May without reaching the predicted $200 per barrel threshold, driven by optimism over a potential U.S.-Iran peace deal and broader geopolitical de-escalation expectations.

Lloyd's of London marine insurance market faces heightened activity as numerous ships remain stranded in the Persian Gulf, highlighting the critical role of traditional risk management infrastructure during global conflicts.

CBS News correspondent Sharyn Alfonsi fired following a feud with boss Bari Weiss after a segment on migrants detained in El Salvador was pulled from broadcast, illustrating ongoing tensions over editorial decisions in major media.

Pakistan's State Bank foreign exchange reserves increase by $66 million to $17.15 billion amid diplomatic negotiations, while the government reduces petrol and diesel prices by Rs22 per litre as an 'Eid gift' to citizens.