Last night and this morning's global company dynamics | Apple considers adding AI search to its browser to challenge Google's dominance; Geely Automobile proposes to privatize Zeekr

Apple Explores AI-Powered Search in Safari to Challenge Google

Apple is "actively exploring" integrating AI-driven search services into Safari, potentially disrupting its $20 billion annual deal with Google. The revelation came during testimony by Apple SVP Eddy Cue in the U.S. DOJ’s antitrust case against Alphabet (Google’s parent). Google shares fell 7.26% following the news.

DOJ Demands Google Divest Ad Businesses
A federal judge ruled last month that Google illegally monopolized the digital ad market. The DOJ now seeks divestiture of key ad units, which Google claims is "unnecessary and technically unfeasible."

iPhone Price Hikes Loom
Apple may soon raise iPhone prices to offset U.S. tariffs, having absorbed costs so far. Analysts question how sharply prices will rise given Apple’s margin protection strategy.

Samsung’s Harman Acquires Masimo Audio for 350MThedealaimstobolsterSamsung’sleadershipintheconsumeraudiomarket,projectedtogrowfrom350M∗∗ThedealaimstobolsterSamsung’sleadershipintheconsumeraudiomarket,projectedtogrowfrom60.8B (2025) to $70B (2029).

AMD Adapts to U.S.-China Export Curbs
CEO Lisa Su stated that restrictions on Instinct MI308X sales to China will be offset by AMD’s broader product lineup.

Fujifilm to Build Semiconductor Plant in India
Targeting 2028 operations, the Gujarat facility will produce chemicals for chip manufacturing, aligning with India’s semiconductor push.

Seagate Targets 100TB Hard Drives by 2030
Demand from AI-driven data centers fuels development of drives triple the capacity of current 36TB models.

IBM Replaces HR Staff with AI Agents
CEO Arvind Krishna said AI now handles roles like payroll and recruitment, with hiring shifted to programmers and sales.

TikTok Assures Advertisers Amid U.S. Uncertainty
Executives emphasized confidence in the platform’s future at a New York marketing event.

Geely Proposes Merger with Zeekr
Geely Auto submitted a privatization offer for its EV subsidiary Zeekr, aiming to delist it from NYSE and consolidate operations.

New U.S. Port Fees Threaten Auto Imports
A 150per−vehiclechargestartingOctobercouldadd150per−vehiclechargestartingOctobercouldadd1.8B annually to shipping costs, impacting global automakers.

Mitsubishi Partners with Foxconn and Nissan
EVs from Foxconn’s Taiwan plant will launch in Australia/New Zealand (2026), while Nissan will produce Mitsubishi-badged PHVs for North America.

Rivian Cuts Sales Forecast Amid Tariff Pressures
The EV maker cited Trump-era tariffs and softening demand, despite U.S.-focused production.

China’s COMAC C919 Faces Supply Chain Risks
Reliance on U.S. parts could hinder production and maintenance of China’s flagship jet, despite plans to build 30 units in 2025.

EU Warns of $100B Tariff Retaliation
Trade chief Maroš Šefčovič threatened countermeasures if the U.S. imposes new tariffs on EU semiconductors and pharmaceuticals.

Europe’s Antibiotic Production Moves to China
Xellia Pharmaceuticals shifts operations to China, undermining EU efforts to reduce Asian drug dependency.

Shionogi to Acquire Torii Pharmaceutical for $1.01B
The Japanese pharma giant expands via a tender offer from JT Group and others.

Pandora Warns of Trump Tariff Impact
The jewelry brand forecasts $182M annual revenue loss if tariffs hit 26-46%, citing Asian supply chain reliance.

Disney Announces Abu Dhabi Theme Park
The UAE resort, Disney’s seventh globally and first in the Middle East, is part of a $60B parks investment plan by 2033.

Shanghai LEGOLAND Set for July 2025 Opening
Merlin Entertainments’ 31.8-hectare park will feature 8 themed zones and 85M LEGO bricks.

Financial Results

• Coupang Q1 2025: Revenue hit a record KRW 115 trillion (+21% YoY), operating profit tripled to KRW 233.7B, and net profit reached KRW 165.6B vs. a year-ago loss.

• BMW Group Q1 2025: Revenue fell 7.8% to €33.76B, with net profit dropping 25% to €2.1B amid declining auto sales.

• Novo Nordisk Q1 2025: Net sales rose 19% to DKK 78.1B, driven by obesity drugs, with net profit up 14% to DKK 29B.

• Siemens Healthineers Q2 2025: Revenue grew 8.7% to €5.9B, adjusted EBIT jumped 19% to €982M, and net profit surged 25% to €537M.

• Super Micro Q3 2025: Revenue reached 4.6B,butnetprofitplummeted734.6B,butnetprofitplummeted73109M due to supply chain costs.

• Uber Q1 2025: Revenue rose 14% to 11.53B,turninga11.53B,turninga1.78B profit vs. a $654M loss a year earlier.

• Disney Q2 2025: Revenue climbed to 23.62B,withnetincomeat23.62B,withnetincomeat3.28B vs. a $20M loss in 2024.

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