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US Producer Prices Rise Most Since 2022 on Energy Costs

US wholesale inflation accelerated in April to the fastest pace since 2022 on a war-driven increase in energy prices that’s feeding into higher freight transportation costs.

By Augusta Saraiva

Equinox Gold Agrees to Buy Orla Mining in $5.1 Billion Deal

Equinox Gold Corp. agreed to acquire Orla Mining Ltd. in a cash-and-stock deal valuing the Canadian miner at about $5.1 billion, the latest in a wave of mining deals as producers seek to grow output after a massive price rally in bullion over the past year.

Nvidia’s CEO Joins Trump in China With AI in the Spotlight

Nvidia Corp. co-founder Jensen Huang joined US President Donald Trump on his visit to China as a last-minute addition, thrusting AI and technology into the spotlight before a high-stakes Beijing summit.

Trump Lands in China for Summit With Xi With Iran War in Limbo

President Donald Trump arrived in Beijing for the first state visit to China by a US leader in nine years, as the world’s two largest economies look to stabilize ties with a summit playing out against the backdrop of the Iran war.

JPMorgan Promotes Trio of Top Bankers to Lead Dealmakers

JPMorgan Chase & Co. tapped a trio of executives to lead its investment bankers globally as part of an overhaul of the division’s upper ranks.

SoftBank Profit Jumps After Emboldened Son Bets More on OpenAI

SoftBank Group Corp. reported a surge in quarterly profit due to valuation gains on its OpenAI investment, boosting confidence at the Japanese company to bet even more on the ChatGPT maker.

Container CEO Sees ‘Surprising’ Level of Demand: Supply Lines

Surprisingly healthy demand for container shipping will help underpin ocean freight rates into the second half of 2026 as carriers try to adapt to the 10-week closure of the Strait of Hormuz and soaring energy costs.

Alibaba Posts First Operating Loss Since 2021 After AI Splurge

Alibaba Group Holding Ltd. posted its first operating loss since the depths of the Covid pandemic, underscoring the extent to which China’s e-commerce leader is spending on the AI initiatives it hopes will power its next phase of growth.

Jack Ma-Backed Ant’s Profit Fell 79% on AI, Health Care Costs

Ant Group Co.’s quarterly profit continued to decline after the company increased investment in artificial intelligence technology for its health care, large language model and payment services.

Boyu Capital Plans to Raise $3 Billion for New China Fund

Boyu Capital Investment Management Co., fresh off its deal for a majority stake in Starbucks’ China business, plans to raise $3 billion for a new fund, according to people familiar with the matter.