•US President Donald Trump announced plans to increase global tariffs to 15% from 10%.
•The US Supreme Court struck down a large portion of the president’s trade agenda enacted under the International Emergency Economic Powers Act of 1977.
•Hong Kong’s Hang Seng Index jumped more than 2.3%, while Bitcoin dropped below $65,000.
•Hyperscalers' AI capital expenditure is reaching unprecedented levels, far exceeding historical spending patterns.
•Companies are increasingly leveraging debt to fund AI expansion, disrupting the 'unspoken contract' with investors who expected high margins and capital returns.
