Getty Images hits the headlines as UK court weighs AI copyright amid Getty vs Stability AI, testing image-use rules. Over 25 years in stock media.
A round-up of fresh company updates shows mixed earnings across retailers and tech-adjacent firms. Pennon sees improving profit as storms and tariffs weigh on penalties; Mitie reports rising revenue and progress on strategy ahead of leadership change; S4 Capital trims job cuts while pursuing AI-driven growth; Debenhams, Macy’s, Ulta and Asda publish updates amid a churning retail landscape.
Jury of designers and fans ranks the 2026 World Cup kit collections ahead of the tournament opener in Mexico City. Among the critiques are Brazil, England and Curacao designs, with Morocco and Spain praised for bold collections.
The White House has issued an executive order addressing cybersecurity risks posed by artificial intelligence, aiming for less-stringent industry oversight than previously planned. The action follows a quieter White House process and private signing by the president.
A wave of tests and product launches shows the tech industry pressing to give AI a physical form. From gig-data data collection to consumer humanoids, firms are racing to turn digital intelligence into real-world Lab-to-life tools.
Sriram Krishnan has announced he will leave his role as the White House artificial intelligence policy adviser at the end of June. He has helped shape the administration's voluntary 30‑day review of advanced AI models and supported an AI policy agenda that prioritises industry cooperation, data centres and rapid adoption.
The Los Angeles mayoral primary remains undecided as ballots continue to be counted. Bass has advanced to the November runoff, while Raman has gained a narrow lead over Pratt for the second slot as mail ballots are tallied.
SpaceX has filed to sell 555.6 million shares at $135 each, aiming to raise about $75 billion and value the company near $1.75–1.77 trillion. Elon Musk will retain roughly 82% voting control. The company has allocated unusually large tranches to retail buyers, employees and direct-share participants, and disclosed AI compute deals that affect revenue assumptions.
The US Treasury has directed a team to assess costs of damage Iran has inflicted on Gulf allies and is considering using Iranian assets to fund repairs, a source has told Reuters and other outlets. The move has prompted protests from Iran, which has warned any seizure would be "a new internationally wrongful act."
Kalshi is adopting new integrity measures, including risk scoring and employment disclosures for markets deemed high-risk, in response to insider-trading cases and regulatory scrutiny across multiple sources.
Inflation in May has remained elevated at 4.2% year over year, driven by energy costs tied to the Iran conflict. Core inflation has cooled slightly to 2.9% and remains above the Fed’s 2% target. The data suggests limited spillover beyond energy prices, but price pressures are to stay in focus for policy decisions.