Australia Breaking News

BMW said its profit margin will fall to as little as 1% this year as weakening Chinese demand and fallout from the Middle East conflict take a growing toll. The German automaker plans additional cost savings beyond those already announced. Danny Lee reports on Bloomberg Television.

Artificial Intelligence industry leaders including OpenAI's Sam Altman and Anthropic's Dario Amodei are set to attend the Group of Seven Summit in France on Wednesday. Oliver Crook reports from Evian.

"The Mandalorian and Grogu” opened to about US$102 million domestic and US$165 million worldwide over the Memorial Day frame, matching its reported US$165 million production budget but delivering the lowest opening of any Star Wars film released under Disney, even below “Solo”.

Anna Edwards, Guy Johnson and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

SpaceX raised US$75 billion by selling about 555 million shares at US$135 each, valuing the company near US$1.8 trillion and making Elon Musk a paper trillionaire.

A US–Iran peace agreement to halt nearly four months of fighting, including in Lebanon, sent oil lower and global stocks higher as markets priced in a planned Friday signing.

Bass Oil (ASX:BAS) has completed the acquisition of a 100% interest in the Vanessa gas field, including a shut‑in well, gas processing facility and 5km pipeline into the Cooper Basin transmission network.

The company said Vanessa marks a step toward entering the east‑coast gas market at a time when it believes demand and pricing remain supportive for smaller, low‑cost operators.

Electro Optic Systems (ASX:EOS) said its MARSS command‑and‑control business has been selected as C2 provider for BAE Systems’ Anti Threat System, a next‑generation counter‑drone capability.

Sarvam AI has become India's latest AI unicorn after raising $234M from investors including HCL Tech, Bessemer, and Khosla Ventures. Co-founder, Pratyush Kumar, joined Paul Allen on Insight with Haslinda Amin t

Aerometrex (ASX:AMX) signed two off‑the‑shelf data licence agreements with AI companies Zeromatter Technologies and Neara, with a combined value of A$1.07 million.

Cynata Therapeutics (ASX:CYP) reported primary evaluation results from its Phase 2 trial of CYP‑001 in high‑risk acute graft versus host disease, showing no significant difference in response rates compared with the control group.

Despite Zhipu being the hottest stock on the HSTECH Index this year, Felix Wang of Hedgeye Risk Management says the fair value for the stock on the short side is HK$407. He adds that Zhipu lacks pricing power, particularly after the release of DeepSeek's V4 model, which has triggered a price war among Chinese AI firms. He spoke on "Bloomberg: The China Show."