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Salesforce reported quarterly earnings and revenue above Wall Street expectations, with Agentforce AI tools surpassing $1 billion in annualized revenue for the first time. However, the company issued lighter-than-expected full-year revenue guidance due to weakness in its marketing, commerce, and Tableau segments, as well as integration challenges from its $9.6 billion Informatica acquisition.

• Quarterly revenue reached $11.13 billion (up 13% year-over-year), beating the $11.05 billion estimate, while EPS exceeded consensus expectations
• Agentforce AI tools achieved $1.2 billion in annualized revenue, growing 205% year-over-year, marking the first time the metric surpassed $1 billion
• Revenue backlog (remaining performance obligation) of $67.9 billion missed the $68.61 billion estimate, reflecting ongoing weakness in Tableau bookings and higher volatility from the Informatica deal

Snowflake announced a $6 billion infrastructure deal with Amazon Web Services on May 27, 2026. The investment is specifically tied to AWS's Graviton processors and AI chip infrastructure, representing a major commitment to cloud-based AI capabilities.

• The $6 billion deal focuses on AWS Graviton processors and AI chip infrastructure
• This partnership positions Snowflake to leverage AWS's specialized AI hardware for its data cloud platform
• The deal represents one of the largest cloud infrastructure commitments in recent AI industry developments

The U.S. Food and Drug Administration approved AbbVie's drug on Wednesday for the treatment of blastic plasmacytoid dendritic cell neoplasm, a very rare type of blood cancer. The approval provides a new treatment option for patients with this uncommon malignancy.

• The drug targets blastic plasmacytoid dendritic cell neoplasm, which is classified as a very rare blood cancer
• AbbVie received FDA approval on May 27, expanding the company's oncology portfolio
• The approval addresses an unmet medical need in a rare disease category with limited treatment options

The Federal Aviation Administration ordered SpaceX to investigate a mishap involving its Super Heavy booster, which crashed into the Gulf of Mexico during the Starship Flight 12 test on May 22, 2026. The FAA will oversee the investigation and must approve SpaceX's findings and corrective actions before the Starship-Super Heavy vehicle can return to flight. No injuries or public property damage were reported.

• The mishap occurred during Flight 12 when the Super Heavy booster crashed into the Gulf of Mexico after stage separation from the Starship
• The FAA will be involved in every step of the investigation process and must approve the final report, including any corrective actions, before clearing return to flight
• No injuries to the public or damage to public property were reported from the incident

The Trump administration announced three rounds of trade negotiations with Mexico to revamp USMCA, starting this week and continuing through July, while notably excluding Canada from talks. The U.S. plans to maintain tariffs on goods from both Mexico and Canada, departing from the decades-old tariff-free North American trade zone. The move highlights deepening U.S.-Canada tensions, with Canada being criticized for retaliating against U.S. tariffs alongside China.

• Three bilateral negotiating rounds with Mexico are scheduled: May 27-28 in Mexico City (economic security and rules of origin), June 16-17 in Washington (agriculture), and the week of July 20 in Mexico City
• U.S. Trade Representative Greer stated the U.S. intends to maintain some tariffs on both Mexican and Canadian goods under USMCA, which previously created a tariff-free zone for over $1.6 trillion in trilateral trade
• Canada has been sidelined from negotiations after retaliating with its own tariffs on U.S. vehicles, steel and aluminum, and has announced plans to purchase fighter jets from Sweden's Saab rather than U.S.-based Boeing

Bank of America CEO Brian Moynihan forecasts a 15% year-over-year increase in trading revenue for Q2, attributing the strong comparison to last year's 'liberation quarter' when markets experienced volatility from higher U.S. tariffs. The bank also expects positive performance in investment banking and wealth management segments.

• Trading revenue expected to rise 15% in Q2 compared to a year earlier when tariff-related volatility impacted markets
• Investment banking described as in 'pretty good shape' by CEO Moynihan
• Wealth management revenue projected to grow in the low teens percentage range year-over-year

The OpenAI Foundation announced a $250 million commitment to help workers and economies navigate AI-driven disruption through grants, partnerships, and direct programs. The initiative will fund research on AI's labor market impact, support displaced workers and communities, and explore broader distribution of AI's economic benefits. This marks the foundation's first such commitment as concerns grow about AI-related job losses.

• The OpenAI Foundation holds a 26% stake in OpenAI's for-profit entity valued at $130 billion, making it one of the world's largest charities
• Several companies have already cited AI efficiencies as reasons for layoffs, heightening concerns about workforce displacement from AI automation
• First initiatives will be announced later this year, with the foundation planning to both distribute grants and run programs directly rather than acting solely as an intermediary

Boeing is increasing 737 production to 47 jets per month from 42 after consulting with the Federal Aviation Administration. CEO Kelly Ortberg announced the production ramp-up at an investor conference, stating the target rate should be achieved within the next couple of months. The move signals Boeing's efforts to scale up manufacturing following regulatory oversight.

• Production rate increasing from 42 to 47 aircraft per month, representing approximately 12% growth
• Target production rate expected to be reached within the next couple of months
• Production increase follows consultation with the FAA, indicating regulatory approval of the expansion

Chevron shareholders voted down a proposal to separate the roles of board chair and CEO at the company's annual meeting on May 27. The proposal was brought by the National Legal and Policy Center, but Chevron opposed it, arguing for flexibility in board structure. The rejection follows a similar outcome at ConocoPhillips earlier in May.

• Proxy advisory firm Glass Lewis had recommended approval, stating an independent board chair leads to a more proactive and effective board
• Chevron management opposed the measure, preferring to maintain flexibility in choosing board leadership structure
• The vote aligns with a broader trend, as ConocoPhillips investors also rejected a similar governance proposal earlier in May

Amazon Web Services is now selling its AI shopping technology, built on Alexa for Shopping, to other retailers as a commercial service. The tool allows retailers to launch customized AI shopping assistants for their own stores in as little as 60 days. This move follows Amazon's established pattern of commercializing internally-developed technology, similar to its approach with AWS cloud services.

• Kate Spade has already deployed the technology to launch a gifting assistant, with additional retailers currently testing the service
• Amazon is pitching the solution as a way for retailers to maintain control of their shopping experience rather than relying on third-party AI intermediaries like OpenAI or Google
• The company has walled off its own site from external AI agents while building features that allow purchases on competitors' websites

Gucci will become the title sponsor of Renault's Alpine Formula One team starting in 2027, with the team racing as 'Gucci Racing Alpine Formula One Team' in the brand's colors. This marks the first time a luxury brand has lent its name to an F1 racing team, as Gucci seeks to boost visibility and revive sales after years of decline. The partnership reflects the luxury industry's growing embrace of exclusive sporting events as demand for traditional luxury goods weakens.

• Gucci becomes the first luxury brand to serve as title sponsor of an F1 team, though financial terms were not disclosed
• The deal follows LVMH's $100 million+ partnership with Formula One in 2024, highlighting F1's emergence as a key marketing platform for luxury brands
• The partnership connects Gucci parent company Kering's CEO Luca de Meo with his former employer Renault, as Alpine's team is led by De Meo's longtime ally Flavio Briatore

Tencent Financial Technology announced that U.S. PayPal users can now make purchases across China using WeChat Pay's QR-code merchant network through a connection between TenPay Global and PayPal World. The service will be expanded to PayPal users in other markets gradually, with Tencent offering incentives including temporary fee waivers through 2026 to encourage adoption.

• TenPay Global platform is now connected to PayPal World, enabling seamless cross-border payments for international users in China's dominant mobile payments market
• Tencent is waiving fees for foreign bank cards linked to WeChat Pay through 2026 as part of incentives to boost international usage
• The company will expand language support and on-ground assistance in Shenzhen ahead of the APEC meeting in November 2025

Amazon invested over £15 billion ($20 billion) in the United Kingdom during 2025, maintaining its trajectory toward a planned multi-year investment commitment through 2027. The investments included new operational sites, expanded studio facilities, office space, and a drone delivery trial, while the company reported over £30 billion in UK revenues and employed approximately 75,000 people.

• Amazon's total UK revenues exceeded £30 billion in 2025, with the UK ranking as its third-largest market globally after the US and Germany
• Total taxes borne surpassed £1.3 billion, up over 20% versus 2024, including corporation tax, business rates, national insurance, and digital services tax
• The company employs around 75,000 people in the UK, making it one of the country's top 10 private sector employers

Merck announced that China's agriculture ministry has approved its vaccine for infectious bronchitis in chickens, targeting strain 4-91. The approval is significant as China is the world's largest chicken-rearing country with over 5 billion birds, making it a major market for the U.S. pharmaceutical company.

• The live vaccine can be administered to chicks as young as 1 day old and targets the highly contagious 4-91 coronavirus strain first identified in Britain in the early 1990s
• Chicken bronchitis causes reduced egg production and coughing, with experts warning of 'severe and complex' epidemic risks due to the disease's high mutation rate and rapid transmission
• China's vast chicken population of over 5 billion birds represents a substantial commercial opportunity for Merck's newly approved veterinary vaccine

The U.S. FDA has extended its review deadline for AstraZeneca's experimental breast cancer pill camizestrant to assess additional data. The delay postpones the regulatory decision on the drug, which is under review for treating breast cancer. AstraZeneca announced the extension on Wednesday, though no new timeline was specified.

• The FDA is requesting additional time to evaluate more data for camizestrant, AstraZeneca's investigational breast cancer treatment
• No specific new review deadline was provided by either the FDA or AstraZeneca in the announcement
• The delay affects the anticipated U.S. regulatory approval timeline for the experimental cancer pill

British energy regulator Ofgem announced a 13% increase in the energy price cap effective July through September, adding approximately £18 ($24.20) to monthly bills for households using both electricity and gas. The increase is attributed to surging energy prices driven by the Iran war.

• The price cap rise will take effect from July to September 2026, impacting dual-fuel households across the UK
• Monthly bills for homes using both electricity and gas will increase by about £18 ($24.20)
• The increase is directly linked to energy price surges resulting from the ongoing conflict involving Iran

Taiwan prosecutors suspect three individuals smuggled at least one shipment of Nvidia chips to China by routing them through Japan, according to Bloomberg News. The report highlights ongoing concerns about circumventing export controls on advanced semiconductor technology to China.

• At least one shipment of Nvidia chips was allegedly exported to Japan first before being smuggled into China
• Three individuals are suspected of involvement in the smuggling operation
• Reuters could not immediately verify the Bloomberg report

Samsung Electronics plans to invest $1.5 billion to build its first semiconductor testing facility in Vietnam, with operations starting in November 2027. The plant will test DRAM and NAND legacy memory chips, helping address global shortages driven by AI demand pulling supplies away from traditional industries. Samsung may reinvest up to $2.5 billion in profits for a potential second factory.

• The facility will have annual capacity of 153.3 billion gigabits of DRAM and 255.6 billion gigabits of NAND memory chips, focusing on legacy chips in severe shortage
• Construction has already begun at an industrial park 60 kilometers north of Hanoi, with over 200 Samsung engineers and staff working on site since April
• Samsung is already Vietnam's largest foreign investor with over $23 billion committed, and this expansion strengthens Vietnam's role as a hub for labor-intensive semiconductor back-end operations

NASA awarded contracts totaling over $600 million to space companies including Blue Origin, Astrolab, and Lunar Outpost to develop robotic landers, rovers, and drones for upcoming lunar missions. The awards are part of NASA's Artemis program, which aims to establish moon-based infrastructure and support the first crewed moon landing since 1972.

• Astrolab received $219 million and Lunar Outpost $220 million to build lunar terrain vehicles for moon surface operations
• Blue Origin was awarded $188 million to deliver rovers using its Mark 1 uncrewed cargo lunar lander
• Firefly Aerospace will build spacecraft to transport drones to the moon for the MoonFall mission targeted for 2028 launch

The U.S. Space Force awarded SpaceX a $2.29 billion contract to build the Space Data Network (SDN) Backbone, a secure satellite communications network connecting military sensors and weapons platforms globally. The proliferated low Earth orbit constellation must deliver a fully operational prototype by end of 2027 and will provide critical real-time data transport for missile defense and other Defense Department missions.

• The fixed-price contract covers a high-capacity, low-latency network that will integrate missile warning sensors with interceptors in near real time, supporting the Trump administration's missile defense initiative
• The SDN Backbone will work alongside the Space Development Agency's Transport Layer to form a unified architecture for current and future military operations
• Space Force plans to identify additional contractors for satellite construction and other network elements over the summer