In a landmark deal blending cutting-edge AI and design, OpenAI has acquired LoveFrom-backed startup Iona, founded by former Apple design chief Jony Ive. The move could mark the beginning of OpenAI’s leap from software into iconic hardware experiences.

As Trump’s tariffs return, America’s largest retailers—from Walmart to Mattel—warn shoppers to brace for higher prices. With inflation jitters rising, companies face a stark choice: absorb or pass the costs on. Most are choosing the latter.

Bayer is exploring a possible bankruptcy filing for its Monsanto subsidiary as legal pressures from Roundup-related cancer lawsuits mount. Billions have already been paid in settlements, and thousands of cases remain unresolved.

American Eagle Outfitters has pulled its full-year forecast after a disappointing first quarter. Revenue and earnings fell short of estimates, prompting the retailer to cite soft April sales and economic uncertainty as reasons for withdrawing its 2025 guidance.

Intersect Power’s $837 million battery storage financing deal has been named “Deal of the Year” by Energy Risk, marking a turning point in clean energy infrastructure funding.