PRESS DIGEST-New York Times business news - June 17
Microsoft Corporation MSFT | 0.00 | |
Yum! Brands, Inc. YUM | 0.00 | |
SpaceX SPCX | 0.00 | |
Amazon.com, Inc. AMZN | 0.00 |
June 17 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
- Elon Musk's SpaceX SPCX.O is buying the startup behind the popular AI coding agent Cursor, Anysphere, for $60 billion in an all-stock deal to boost its presence in the lucrative enterprise AI tools market.
- SpaceX roared past Amazon's AMZN.O market valuation and briefly topped that of Microsoft MSFT.O, rapidly scaling the list of the world's most valuable companies on a topsy-turvy trading day fuelled by frenzied action in the firm's newly listed option contracts.
- The European Parliament approved cutting duties on many U.S. goods imports to fulfill the European Union's side of a trade deal struck last year, and avert a new round of tariff conflict between the world's largest trading partners.
- Yum Brands YUM.N said it would sell its Pizza Hut chain for a combined $2.7 billion in two deals that highlight separate trajectories for its business in China and the rest of the world.