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KLARNA PILOTS FLEXIBLE DEBIT CARD IN U.S., EUROPE LAUNCH LATER THIS YEAR
Klarna is testing a new debit card in the U.S. that lets users pay now or split purchases over time, online or in-store, thanks to Visa’s Flexible Credential tech. The card, issued by WebBank, runs on debit rails but can switch to BNPL at checkout. With over 5M on the waitlist, a broader rollout in the U.S. and Europe is planned for later this year. Klarna paused its U.S. IPO plans in April amid market uncertainty tied to Trump’s tariff moves.
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KLARNA PILOTS FLEXIBLE DEBIT CARD IN U.S., EUROPE LAUNCH LATER THIS YEAR
Klarna is testing a new debit card in the U.S. that lets users pay now or split purchases over time, online or in-store, thanks to Visa’s Flexible Credential tech. The card, issued by WebBank, runs on debit rails but can switch to BNPL at checkout. With over 5M on the waitlist, a broader rollout in the U.S. and Europe is planned for later this year. Klarna paused its U.S. IPO plans in April amid market uncertainty tied to Trump’s tariff moves.
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$CME Group posted a record May with 28.9M average daily contracts traded, up 11% from last year. Interest rate products led with 16.2M contracts, while crypto volume surged 145% to a record 197K ADV. Micro contracts made up over 45% of equity index volume. International ADV rose 15%, with Asia up 24%.
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$CME Group posted a record May with 28.9M average daily contracts traded, up 11% from last year. Interest rate products led with 16.2M contracts, while crypto volume surged 145% to a record 197K ADV. Micro contracts made up over 45% of equity index volume. International ADV rose 15%, with Asia up 24%.
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$KTOS & $GE TEAM UP ON NEXT-GEN PROPULSION FOR UNMANNED AIRCRAFT
Kratos and GE Aerospace have signed a formal teaming agreement to co-develop and produce small, low-cost jet engines, starting with the GEK800 and new GEK1500. These engines will power future unmanned aerial systems and collaborative combat aircraft. The deal builds on last year’s MOU and aims to deliver scalable, affordable propulsion tech for U.S. defense needs.
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$KTOS & $GE TEAM UP ON NEXT-GEN PROPULSION FOR UNMANNED AIRCRAFT
Kratos and GE Aerospace have signed a formal teaming agreement to co-develop and produce small, low-cost jet engines, starting with the GEK800 and new GEK1500. These engines will power future unmanned aerial systems and collaborative combat aircraft. The deal builds on last year’s MOU and aims to deliver scalable, affordable propulsion tech for U.S. defense needs.
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$JOBY SIGNS MOU TO ENTER SAUDI MARKET WITH UP TO $1B IN POTENTIAL AIRCRAFT SALES
Joby Aviation is partnering with Abdul Latif Jameel to explore launching electric air taxi services in Saudi Arabia. The MOU outlines potential delivery of up to 200 aircraft, valued around $1B. The deal supports Saudi Arabia’s Vision 2030 and may include local MRO services and pilot training. First passenger flights in the region are planned for 2026.
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$JOBY SIGNS MOU TO ENTER SAUDI MARKET WITH UP TO $1B IN POTENTIAL AIRCRAFT SALES
Joby Aviation is partnering with Abdul Latif Jameel to explore launching electric air taxi services in Saudi Arabia. The MOU outlines potential delivery of up to 200 aircraft, valued around $1B. The deal supports Saudi Arabia’s Vision 2030 and may include local MRO services and pilot training. First passenger flights in the region are planned for 2026.
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$MRNA'S NEW COVID VACCINE mNEXSPIKE APPROVED IN U.S.
Moderna has received U.S. approval for mNEXSPIKE, its next-gen COVID-19 vaccine. It’s cleared for adults 65+ and at-risk individuals aged 12–64. This is Moderna’s third approved product, designed with a more targeted, lower-dose approach than earlier versions. COVID-19 caused over 47,000 U.S. deaths in 2024, and mNEXSPIKE aims to cut that burden with improved protection.
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$MRNA'S NEW COVID VACCINE mNEXSPIKE APPROVED IN U.S.
Moderna has received U.S. approval for mNEXSPIKE, its next-gen COVID-19 vaccine. It’s cleared for adults 65+ and at-risk individuals aged 12–64. This is Moderna’s third approved product, designed with a more targeted, lower-dose approach than earlier versions. COVID-19 caused over 47,000 U.S. deaths in 2024, and mNEXSPIKE aims to cut that burden with improved protection.
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$VSCO POSTPONES Q1 EARNINGS AFTER CYBER INCIDENT
Victoria’s Secret is delaying its Q1 earnings release after a May 24 security breach forced a shutdown of corporate systems and its e-commerce site, which came back online May 29. While Q1 results were near or above guidance, the ongoing system recovery has held up financial reporting. The company warns of potential costs impacting Q2 results as it continues to assess the situation.
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$VSCO POSTPONES Q1 EARNINGS AFTER CYBER INCIDENT
Victoria’s Secret is delaying its Q1 earnings release after a May 24 security breach forced a shutdown of corporate systems and its e-commerce site, which came back online May 29. While Q1 results were near or above guidance, the ongoing system recovery has held up financial reporting. The company warns of potential costs impacting Q2 results as it continues to assess the situation.
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$DLO NEARS $150M DEAL FOR AFRICA’S AZA FINANCE
DLocal is close to acquiring African payments firm AZA Finance for around $150M, in what would be its largest deal since 2021 and first outside Latin America. The move expands DLocal’s reach beyond its core LATAM markets, as it looks to deploy strong cash flow following better-than-expected Q1 results. AZA, founded in Nairobi, enables cross-border transactions in African currencies.
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$DLO NEARS $150M DEAL FOR AFRICA’S AZA FINANCE
DLocal is close to acquiring African payments firm AZA Finance for around $150M, in what would be its largest deal since 2021 and first outside Latin America. The move expands DLocal’s reach beyond its core LATAM markets, as it looks to deploy strong cash flow following better-than-expected Q1 results. AZA, founded in Nairobi, enables cross-border transactions in African currencies.
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$AGEN SELLS U.S. BIOLOGICS FACILITIES TO ZYDUS FOR UP TO $125M
Agenus is selling its biologics manufacturing sites in Emeryville and Berkeley, CA to Zydus Lifesciences for $75M upfront, plus up to $50M in milestone payments. Zydus gains a U.S. base for its new CDMO business and will exclusively manufacture Agenus’ Phase 3-ready cancer drugs Botensilimab and Balstilimab. The deal gives Zydus a foothold in the growing global biologics market.
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$AGEN SELLS U.S. BIOLOGICS FACILITIES TO ZYDUS FOR UP TO $125M
Agenus is selling its biologics manufacturing sites in Emeryville and Berkeley, CA to Zydus Lifesciences for $75M upfront, plus up to $50M in milestone payments. Zydus gains a U.S. base for its new CDMO business and will exclusively manufacture Agenus’ Phase 3-ready cancer drugs Botensilimab and Balstilimab. The deal gives Zydus a foothold in the growing global biologics market.
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Apple $AAPL is reportedly in talks with Perplexity to bring its AI search to iPhones—potentially replacing Google $GOOGL in Safari and ChatGPT in Siri. https://t.co/cDjPyNuNYs
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Apple $AAPL is reportedly in talks with Perplexity to bring its AI search to iPhones—potentially replacing Google $GOOGL in Safari and ChatGPT in Siri. https://t.co/cDjPyNuNYs
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PayPal $PYPL is rolling out a physical PayPal Credit card, issued by Synchrony $SYF, letting users tap their credit line in stores and anywhere Mastercard is accepted.
The launch includes a limited-time offer for six-month promotional financing on travel with no minimum spend. This expands PayPal Credit beyond online use as demand grows for more flexible, on-the-go payment options.
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PayPal $PYPL is rolling out a physical PayPal Credit card, issued by Synchrony $SYF, letting users tap their credit line in stores and anywhere Mastercard is accepted.
The launch includes a limited-time offer for six-month promotional financing on travel with no minimum spend. This expands PayPal Credit beyond online use as demand grows for more flexible, on-the-go payment options.
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