Elon Musk's SpaceX is targeting a record-breaking $75 billion IPO, while the Trump administration has signed a new executive order to increase oversight of artificial intelligence, and Microsoft announced a breakthrough in quantum computing. Geopolitical tensions are escalating as fighting between the U.S. and Iran pushes oil prices higher, and fears of AI disruption are causing a sell-off in private credit stocks after a major fund received large redemption requests. On the corporate front, GameStop's stock surged on strong profits and a new $2 billion buyback program, Intel's shares rebounded after its CEO highlighted strong CPU demand, and the latest U.S. labor data presented a mixed economic picture.

A news podcast encapsulating the most salient market news, brought to you by Finextra Pro and powered by Communify.

Open Finextra Pro now!