Ferrari shares fell 7% in Milan after the Luce reveal drew online mockery and design criticism, wiping GBP 3 billion from market cap despite 1,036 hp and 60 new patents.

The Netherlands blocked Kyndryl's EUR 100M acquisition of Solvinity, the DigiD cloud provider, citing public interest risk and CLOUD Act concerns in a first-ever US deal prohibition.

China is extending informal travel restrictions on senior AI researchers from DeepSeek to other private firms, Bloomberg reports, citing state-secret concerns.

Drew Houston steps down as Dropbox CEO after 19 years. Ashraf Alkarmi, a former Vimeo and Amazon executive, takes over a company whose market cap has halved since 2018.

Logistics startup Stord raised $250M at a $3B valuation to expand its 100-warehouse network and deploy AI robotics, helping brands match Amazon's delivery speeds.

DOGE lawyer told staff to limit Cursor contact over gun-jumping antitrust risk, weeks after employees began working side by side ahead of a $60B post-IPO deal.

Spotify is testing 650 narrated long-form articles from The Atlantic, WIRED, Vogue and others inside the audiobook tier, marking a quiet return to journalism.

UAE-based SPARQ has opened an $8.5M seed round for its AI-native game engine, with the a16z Scout Fund participating early.

Ferrari’s first all-electric car, the Luce, lands at €550,000 with 1,036hp, four motors, a 122kWh battery and a cabin co-designed by Jony Ive’s LoveFrom.

Foreign-brand smartphone shipments to China rose 1.8% YoY in April to 3.59m handsets, a sharp slowdown after a Q1 in which iPhones grew above 40%.

Felipe Sinisterra and Dave Wang are charging $25,000 a day to train Wall Street banks on AI tools they have already bought. They’re booked out for two months.

Quantinuum, the Honeywell-majority-owned quantum-computing firm, is targeting a $12.7bn IPO valuation, well below the $20bn-plus whispers earlier this month.