Company

• Marvell Technology shares surged 32%, marking the company's best single-day stock performance to date. • The rally follows a prediction by Nvidia CEO Jensen Huang, who suggested Marvell has the potential to become the next trillion-dollar company. • This growth is supported by strong financial performance, including the company beating analyst estimates for its 2027 first-quarter earnings reported in May.

Guardian investigation shows how US presidency blurs line between policy and enrichment of American ruling family and those around itOn a graffitied Sarajevo backstreet, a path leads past an overgrown patch of garden to a white door. Beyond is the registered office of a company that is on the brink of winning contracts worth more than $1bn.AAFS Infrastructure and Energy is close to securing a concession to build and operate a pipeline across the Balkans to allow fossil gas shipped from the US to replace supplies that come from Russia. “This could be the most important infrastructure project ever in Bosnia and Herzegovina,” says one of the country’s top officials, who, like others, asks to remain anonymous to discuss sensitive negotiations. Continue reading...

Water company blames increased demand amid extreme heat, but customers want answers about lack of storage reservoirs“Spitting, fuming, angry and powerless” is how Pat Prestage describes her emotions after a water outage that has affected thousands of homes in Kent during a May heatwave.On Wednesday, 8,000 South East Water customers in Whitstable lost water, with 14,000 more in Tankerton, Ashford, and its surrounding areas facing intermittent supply or low pressure. South East Water’s incident manager, Matthew Dean, said on Thursday that 22,000 people had had water supply problems. Continue reading...

There is no evidence Elliott Broidy’s links to Trump helped AI company win contract to monitor prisoners’ phone callsThe day before Donald Trump’s first term ended in 2021, he inked a pardon for Elliott Broidy, a scandal-plagued Republican fundraiser and former Republican National Committee official who had pleaded guilty three months earlier to trying to illegally lobby Trump and his administration.Last month, a company headed by Broidy won a $106m contract from the Department of Justice, according to federal contracting records. Continue reading...

Albert Manifold says he was removed without warning and ‘will not allow a false narrative to go unchallenged’The ousted chair of BP, Albert Manifold, has accused the oil company of firing him without warning and disputed reports about his conduct, amid the latest boardroom turmoil to rock the company.In an emailed statement, Manifold said he was “removed without warning and without explanation” by the FTSE 100 company. Continue reading...

Everlane CEO confirms sale in letter to employees and says it will stay true to ‘sustainability’ commitmentsEverlane, the retailer that bucked the fast-fashion industry by promising affordable ethically sourced and sustainable clothing, is being acquired by the king of fast-fashion, China’s Shein.A letter to Everlane employees from CEO Alfred Chang confirming the deal was obtained by the Associated Press on Friday. Continue reading...

• Zee Entertainment Enterprises (ZEE) reported a net loss of ₹104 crore for the fourth quarter, as announced on May 19. • The company attributed the financial downturn to a decrease in advertising spend from clients, which was negatively impacted by the ongoing war in West Asia. • This loss highlights the vulnerability of media companies to geopolitical instability and the resulting volatility in global advertising markets.

• New Zealand-based a2 Milk Company voluntarily recalled a2 Platinum Premium USA label infant formula 0-12 months with batch numbers 2210269454, 2210324609, and 2210321712, sold on Amazon and at Meijer stores. • The recall was initiated after testing detected cereulide, a heat-stable toxin from Bacillus cereus, following New Zealand regulatory guidance, with no confirmed illnesses reported by the FDA. • A total of 16,428 tins were affected, imported during the 2022 Operation Fly Formula to address U.S. shortages; the product was discontinued prior to the recall.

• A POLITICO investigation reveals a well‑connected pharmaceutical company and conservative commentator Laura Loomer have sought to undermine Dr. Vinay Prasad, an ally of Senator Robert F. Kennedy Jr., over his criticism of certain drug‑pricing and regulatory practices. • The report alleges coordinated social‑media campaigns and behind‑the‑scenes lobbying efforts meant to discredit Prasad’s research and public‑health commentary. • Pharmaceutical trade groups and some patient advocates have pushed back, saying that Big Pharma naturally tries to defend its business model, but critics warn of growing corporate‑backed attempts to silence dissenting medical voices.

Social media corporation terminated Sama contract after allegations its staff viewed private scenes filmed by Meta’s smartglassesMore than 1,000 low-paid workers in Kenya have been abruptly sacked by an outsourcing company for the US social media corporation Meta, in what activists said was a “shocking” move exposing the precariousness of global south tech workers.Sama, a company based in Nairobi to which Meta outsourced content moderation and AI training work, announced on Thursday that the workers were being laid off after Meta terminated a contract. That came in the after reports some of the Kenyan workers involved in data annotation were asked to view content filmed by the company’s AI smart glasses showing wearers using the toilet or having sex. Continue reading...

Boy, 16, among those charged in connection with attempted firebombing at Volant Media offices in WembleyThree people, including a 16-year-old boy, have appeared in court charged in connection with the attempted firebombing of a Persian media company in north-west London.Oisin McGuinness, 21, Nathan Dunn, 19, and a 16-year-old boy appeared together in the dock at Westminster magistrates court on Friday charged with arson with intent to endanger life. Continue reading...

Resignation announced of Jai Patel, whose liquidated crypto firm was relaunched as Stack BTC this yearThe chief executive of a bitcoin company promoted by Nigel Farage has left his role as the venture attempts to convince investors that it is going to deliver “long-term value” for shareholders.Stack BTC was launched to much fanfare in March this year, with Farage and former chancellor Kwasi Kwarteng becoming some of its first shareholders. The company says its founder is Paul Withers, a friend of the Reform UK leader who owns a gold bullion company that Farage has also promoted, Direct Bullion. Continue reading...

Justin Sun said World Liberty Financial built a ‘backdoor blacklisting function’ that froze his account. ‘We have the truth. See you in court,’ the company respondedSign up for the Breaking News US email to get newsletter alerts in your inboxThe largest investor in Donald Trump’s crypto venture has claimed that the firm “secretly” implemented a tool to unilaterally freeze his holdings of its cryptocurrency. He claimed the company could do the same to any other user.In posts on social media platform X on Sunday, crypto entrepreneur Justin Sun said, without offering evidence, that World Liberty Financial had embedded what he described as a “backdoor blacklisting function” in the blockchain-based contracts used for the WLFI tokens. Continue reading...

TMTG drops defamation claim over report that prosecutors were investigating payments received as possible money launderingDonald Trump’s media corporation has dropped a defamation claim against the Guardian and two other defendants over a report that federal prosecutors were investigating $8m in payments the company received from entities with ties to Vladimir Putin as possible money laundering.A filing in the 12th judicial circuit in Sarasota county, Florida, on Friday confirms that Trump Media and Technology Group (TMTG), the parent company of the president’s Truth Social platform, was withdrawing its claims without prejudice, meaning it could refile the lawsuit at a later date. Continue reading...

Exclusive: Documents viewed by Guardian Australia reveal private prison contractor told staff ‘restraints must be used’ for all risk levelsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe American private prison company running Australia’s onshore immigration detention system has ordered that all detainees be handcuffed while travelling – regardless of whether they pose a risk – after a string of security lapses.More than a dozen escapes or attempted escapes have taken place since the Management and Training Corporation (MTC) began operating the immigration detention centres last March, having won a $2.3bn contract with the Department of Home Affairs. Continue reading...

• OpenAI testified in support of an Illinois bill that shields AI labs from liability for products causing 'critical harm,' including potential mass deaths or catastrophic financial losses. • The legislation is part of a broader industry push amid ramped-up state and federal AI enforcement, such as Florida's probe into OpenAI for potential criminal harm. • Similar liability-limiting measures are under consideration in at least three other states, according to policy trackers monitoring AI legislation.

Expert said federal law bars officials from taking actions in their jobs that benefit their own financial interestsA high-profile US defense department official who oversees the agency’s artificial intelligence efforts made a profit of up to $24m selling a private investment he held in Elon Musk’s AI company earlier this year, according to government ethics records released this month. The value of his stake totaled a maximum of a million dollars when he joined the department.Emil Michael, who is the Pentagon’s under secretary for research and engineering under the Trump administration, oversees negotiations with AI companies and has been pushing the defense department to rapidly increase the widespread use of AI. Continue reading...

• Shield AI, a U.S.-based developer of autonomous pilot platforms, secured $1.5 billion in Series G funding as part of a $2.25 billion capital package on April 4, 2026. • The round values the company at $12.7 billion, a 140% increase in one year, with its Hivemind platform selected by the U.S. military for defense applications. • This funding underscores surging investor confidence in AI-driven defense tech amid rising geopolitical tensions.

Christopher Joell-Deshields was suspended last year, with £7,125 found to have been spent on luxury itemsThe boss of Pride in London, one of the world’s largest LGBTQ+ events, has been sacked after he was accused of buying luxury goods for personal use with vouchers intended for volunteers’ food and drink.Christopher Joell-Deshields, who had been chief executive of Pride in London since 2021, was put under investigation last September and suspended the following month in response to claims of misconduct. Continue reading...

Nicole Daedone, co-founder of OneTaste Inc, also ordered to forfeit $12m, and seven victims were awarded restitutionThe leader of a sex-focused women’s wellness company that promoted “orgasmic meditation” was sentenced to nine years in federal prison for a scheme that a judge said exploited vulnerable women and coerced them into performing sex acts with the company’s clients and investors.Nicole Daedone, co-founder of OneTaste Inc, was also ordered to forfeit $12m, and seven victims were awarded roughly $890,000 in restitution, federal prosecutors said. Continue reading...

Lawsuit argues XAI failed to disclose risks, limitations and exposure to harm that come with using chatbotThe mayor and city council of Baltimore, Maryland, filed a lawsuit against Elon Musk’s xAI company on Tuesday, alleging that its Grok chatbot violated consumer protections by generating nonconsensual sexualized images.Baltimore’s lawsuit argues that xAI deceptively marketed Grok as a general-purpose AI assistant and X as a mainstream social media site, failing to disclose the risks, limitations and exposure to harm that come with using the platform and chatbot. The suit, filed in the circuit court for Baltimore city, argues that the court has jurisdiction over xAI given that the company advertises and operates in Baltimore. Continue reading...

• Lumen Technologies was named to Fast Company's 2026 list of the World's Most Innovative Companies, announced on March 24, 2026. • The recognition highlights Lumen's advancements in networking and edge computing solutions amid U.S. tech infrastructure demands. • This accolade underscores Lumen's role in supporting AI and cloud growth through innovative fiber and digital services.

Trump administration announces deal with TotalEnergies to redirect investment in wind to oil and gas insteadAs a fuel crisis triggered by the war in Iran drives up global fossil fuel prices, the Trump administration has announced it will pay French energy major TotalEnergies $1bn to kill plans to construct wind farms off the US east coast.The deal is the latest blow to the US offshore wind industry, which has faced repeated disruptions to multi-billion-dollar projects under Donald Trump. Continue reading...

California jurors hand win to investors who sued billionaire saying he publicly disparaged social media platform in 2022A California jury has ruled that Elon Musk is responsible for Twitter investors’ stock plummeting when he sought to buy the social media platform for $44bn in 2022. Jurors handed the win to a group of investors who sued the billionaire saying he publicly disparaged the company with the aim of bringing down Twitter’s stock price to get a better bargain.The trial, which began earlier this month in federal court in San Francisco, focused on whether Musk intended to move the market with his comments. During a six-month period in 2022, after his offer to buy Twitter, he posted constantly to his millions of followers that the social network was rife with bots that produced spam and created fake accounts. Continue reading...

Signal President Meredith Whittaker stated at the India Today Conclave 2026 that the conflict between the US Government and AI companies like Anthropic is far from over, asserting 'I don't actually think that showdown is decided yet.' Whittaker explained that deployment of AI models on government systems creates dependency, and crucially, US law prevents the federal government from collecting the vast amounts of user data that private companies leverage to train AI systems. She noted that the US government lacks legal authority to accumulate such datasets, stating: 'These are not technologies that the state could create. It doesn't matter how much money they have. It is not legal for the US government to collect the kind of data that the private industry can collect.' The remarks reflect ongoing regulatory and operational tensions between government agencies and commercial AI developers.

Cables underneath New York City are teeming with entangled quantum particles of light thanks to Qunnect, a company that has spent a decade working on building an unhackable quantum internet