AI REVIVAL POWERS STOCKS TOWARD RECORD HIGHS
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Stock markets advanced toward all-time highs as renewed interest in artificial intelligence drove investor momentum. Peace negotiations for an ongoing global conflict also bolstered market sentiment.
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The European Union hit AliExpress with its largest Digital Services Act penalty to date after the Chinese e-commerce platform failed to implement required consumer protections. The fine marks escalating EU enforcement against tech giants.
A proposed joint venture between Airbus, Leonardo, and Thales will be the first major test of the EU's revamped merger framework, designed to foster globally competitive European tech champions.
Illinois Governor JB Pritzker announced plans to temporarily suspend tax incentives for data centers starting July 1, urging state lawmakers to develop a comprehensive framework for the industry.
The European Commission issued a €550 million penalty against AliExpress for violating the Digital Services Act by failing to prevent illegal, unsafe, and counterfeit products from being sold on its platform.