EU orders Google to open Android, share search data by 2027

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[1] EU forces Google to share search data and open Android to rival AI companies (https://www.newsday.com/news/nation/eu-google ...)[2] Google ordered to open Android and Search to rivals in Europe (https://www.theverge.com/policy/966438/eu-goo ...)[3] Google required to open up to AI, search engine rivals under EU-mandated changes (https://www.msn.com/en-us/news/technology/goo ...)[4] EU Mandates Google to Level the Playing Field for AI and Search Rivals (https://www.devdiscourse.com/article/technolo ...)

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Jul 16 2026, 12:58

Baker Hughes closes $13.6B Chart acquisition to expand industrial portfolio

Baker Hughes completed its $13.6 billion acquisition of Chart Industries on Thursday, adding a third operating segment as the energy technology company pushes deeper into industrial markets beyond traditional oil and gas. "Chart's thermal management solutions bring complementary capabilities and aftermarket service offerings that accelerate our portfolio strategy," said Lorenzo Simonelli, chairman and chief executive officer at Baker Hughes. Chart reported $4.3 billion in revenue for fiscal 2025 and serves customers across more than 50 countries in sectors including gas infrastructure, nuclear, data centers, carbon capture and storage, space and geothermal. The deal, which received European Union antitrust clearance after Baker Hughes agreed to divest certain Chart operations, is expected to generate $325 million in annualized cost synergies within three years, with additional commercial upside. The acquisition marks a major milestone in Baker Hughes' transformation from an oilfield services provider into an industrialized energy solutions company. By folding Chart's air and gas handling, thermal management and lifecycle services into its portfolio, Baker Hughes gains exposure to high-growth industrial end-markets while targeting a net leverage range of 1.0x to 1.5x within 24 months. Jim Apostolides, Baker Hughes' chief infrastructure and performance officer, has been appointed senior vice president to lead the Chart segment. He has led the integration program since July 2025 and previously served as senior vice president of enterprise operational excellence since 2020. "Jim's business rigor, demonstrated through decades of global supply chain experience and operational leadership of large complex facilities around the world, makes him well-suited to lead implementation of the Baker Hughes Business System within Chart," Simonelli said. The company has launched an integration program focused on harmonizing product and technology platforms, engineering and commercial practices, and lifecycle and digital services. Early priorities include supply chain consolidation, functional support alignment and manufacturing optimization. Chart shares traded near their 52-week high of $209.96 on Thursday, giving the company a market capitalization of about $10.05 billion. The stock has been flagged by some valuation models as overvalued relative to fair value, though analysts project Chart will return to profitability this fiscal year with earnings per share of $7.57, compared with a loss of $1.03 in the trailing 12 months. The deal is the largest in Baker Hughes' recent history and follows a pattern of consolidation in the industrial gas and energy equipment space. Rivals including Siemens Energy and Honeywell have pursued similar bolt-on acquisitions to broaden their technology portfolios and capture recurring service revenue from data center cooling, carbon capture and liquefied natural gas infrastructure — markets where Chart holds established positions. Baker Hughes' board will continue evaluating the company's strategic direction based on integration progress and operational execution. The company has said it remains committed to disciplined capital allocation, with debt reduction a priority over the next two years. This article is for informational purposes only and does not constitute investment advice.

Jul 16 2026, 12:57

Gold breaks below $4,000 as oil surge fuels rate-hike bets

Spot gold fell below $4,000 an ounce, dropping 1.5%, as a surge in oil prices on Strait of Hormuz closure fears revived expectations of higher interest rates. "Any breakout of violence in the Gulf is accompanied by pressure on gold," Nicholas Frappell, global head of institutional markets at ABC Refinery, said. Oil jumped about 4% after U.S. and Iranian forces exchanged heavy missile and drone assaults, with Tehran again closing the vital waterway. WTI crude has risen 13.8% in July and Brent 14.75%, according to market data. The dollar and U.S. Treasury yields climbed, while traders priced in a 72% chance of a Federal Reserve rate hike in September, up from 63% last week, per the CME FedWatch Tool. The question for gold is whether a prolonged closure of the Strait of Hormuz leads to demand destruction and lower economic activity — a scenario that could ultimately prove supportive for the precious metal, Frappell said. Kevin Warsh's first semiannual testimony as Fed chair and key U.S. data including June CPI, PPI and retail sales are due this week. The selloff extended across the precious metals complex. Silver declined 2.9% to $58.14 an ounce, platinum shed 1.8% to $1,598.48, and palladium fell 2.3% to $1,247.27. Gold had already been under pressure after breaking below the $4,350 level last week following stronger-than-expected U.S. jobs data, which reinforced the case for higher-for-longer rates. The $4,000 level had been viewed as a key support zone, with the $4,200 to $4,250 area serving as minor support on the way down. The rebound in oil prices has added to inflation concerns, as higher energy costs feed through to consumer prices. Citigroup warned that Iran could delay negotiations until the U.S. midterm elections, potentially keeping oil prices elevated for an extended period. Remarks from Fed policymakers including Vice Chair Michelle Bowman and Governor Christopher Waller later Monday are also in focus for clues on how the central bank views the inflation outlook. This article is for informational purposes only and does not constitute investment advice.

Jul 16 2026, 12:49

XPeng flying car secures 7,000 orders ahead of 2026 mass production

**XPeng's bet on flying cars is taking off faster than its EV business.** XPeng Group will begin mass production of its first flying car this year, the Land Aircraft Carrier, after accumulating more than 7,000 orders for the $300,000 modular vehicle that splits into an electric minivan and a detachable two-seat aircraft. "We will continue to focus on areas such as low-altitude travel and bipedal robots, with the goal of making people's mobility simpler and more intelligent," Brian Gu, vice-president at XPeng, said at CES 2025. The Land Aircraft Carrier measures 5.5 meters long, 2 meters wide and 2 meters high, fitting standard parking spaces and requiring only a regular driver's license to operate. XPeng Aero HT, the company's aerospace arm, began construction on a mass-production facility in Guangzhou last year to support the vehicle's 2026 delivery timeline. The vehicle was first unveiled at CES 2025, where XPeng said it had already secured 3,000 orders — a figure that has since more than doubled to 7,000. The 7,000-plus order book provides rare near-term revenue visibility in an eVTOL sector where most competitors remain years from commercialization. XPeng's diversification into flying cars and humanoid robotics — including its IRON humanoid robot, which the company positions as a fully self-developed platform — extends beyond the crowded Chinese EV market, where it faces price pressure from BYD and other domestic rivals. The company's L03 EV, its mass-market model starting at €35,600 ($40,000), is launching across 60 countries this year. **Flying Cars and Humanoids: A Diversification Play** XPeng's strategy mirrors a broader push by Chinese EV makers to expand beyond four-wheeled vehicles. BYD has focused on battery technology and commercial vehicles, while XPeng is betting on two adjacent frontiers: low-altitude aviation and general-purpose robotics. The flying car addresses urban congestion in China's megacities, where regulators are gradually opening airspace for eVTOL operations. The company's IRON humanoid robot, meanwhile, targets commercial deployment starting with in-store sales roles at XPeng's own retail locations in China by the first quarter of 2027, with overseas expansion planned for the second quarter of 2028. XPeng began construction on a humanoid mass-production facility in Guangzhou in the first quarter of 2026, targeting more than 1,000 IRON units by the end of this year. **Investor Implications** XPeng's flying car order book validates demand for a product category that has generated more hype than revenue across the industry. Rivals including EHang and Joby Aviation have logged test flights and regulatory approvals but lack the production scale XPeng is targeting. The 7,000 orders, at $300,000 per unit, imply a potential revenue pipeline of more than $2.1 billion — though actual revenue recognition depends on production ramp and regulatory certification across markets. XPeng shares trade as a pure EV play despite the company's expanding portfolio. The flying car program, if it reaches mass production on schedule, could force a revaluation as investors assign a separate multiple to the aerospace business. For now, the company's core EV operations face margin pressure from China's price war, making the diversification thesis both a growth story and a hedge. This article is for informational purposes only and does not constitute investment advice.