The construction spending on data centres in the US surpassed general office construction spending for the first time. According to the latest US Census Bureau report, data centre construction spending reached an annual rate of over $45 billion in December 2025. In comparison, the spending on general office construction stood at around $43 billion.

A day after Netflix withdrew its name from the bidding war for Warner Bros Discovery, Paramount has finalised its bid to acquire the studio and its assets. Warner Bros Discovery has agreed to be acquired by Paramount Skydance in a $110 billion deal. The deal, with equity value of $81 billion, is expected to close in third quarter of 2026.

India and the European Union have agreed to grant each other 'Most Favoured Nation' (MFN) status for five years, according to the draft text of the pact. This means that the listed sectors, services and service suppliers of each Party will be treated at least as well as those from any other country, with certain limits and conditions.

Deepinder Goyal’s wearable startup Temple has raised $54 million at a $190 million valuation, with backing from Peak XV, Steadview, Vy Capital and others. Goyal invested ₹104 crore personally. The company is developing a head-worn device to measure cerebral blood flow in real time, targeting high-performance health users.

Warner Bros. Discovery CEO David Zaslav expressed excitement about joining Paramount after calling their $111 billion offer superior. This follows Netflix stepping away from the bidding war. Zaslav told employees the merger could create a "great company" after a thorough review process that evaluated the best value for shareholders.

Sam Altman voiced support for rival Anthropic's stance on military AI safeguards, opposing mass surveillance and autonomous weapons. Despite backing these red lines, Altman said OpenAI is discussing a potential Pentagon deal. He aims to de-escalate tensions between the AI industry and the government to avoid setting dangerous precedents.

KORE Group Holdings stock surged nearly 80% pre-market after agreeing to be acquired by Searchlight Capital and Abry Partners. The all-cash deal values the company at $726 million, or $9.25 per share, representing an 85% premium. KORE will be taken private and continue focusing on its Internet of Things portfolio.

Bakkt shares plunged over 14% pre-market, hitting 5-month lows after pricing a $48 million registered direct offering. The company will sell 3 million shares and warrants to an institutional investor. Bakkt plans to use the net proceeds for working capital, general corporate purposes, and strategic initiatives.

Amit Shah said the government-backed Bharat Taxi will follow a cooperative model, allowing drivers to join for ₹500 and share profits after three years, Reuters reported. The move comes amid complaints over commissions charged by Uber and rivals such as Rapido, intensifying competition in India’s mobility market.

Neurogene shares surged 25% pre-market after the FDA granted Breakthrough Therapy designation to its Rett syndrome gene therapy. The decision followed positive Phase 1/2 data. Additionally, Canaccord initiated coverage with a Buy rating and a $200 price target, citing significant upside potential as the company prepares for further clinical data readouts later this year.