Ian King / Bloomberg:
Intel agrees to pay $14.2B to repurchase Apollo's 49% stake in the Fab 34 joint venture in Ireland, and plans to issue $6.5B in new debt to fund it; INTC up 10%  —  Intel Corp., the chipmaker aiming to restore its manufacturing prowess, agreed to pay $14.2 billion to buy back half of a plant …

Reuters:
India says its General Anti-Avoidance Rules do not apply to foreign investment gains made before 2017, after a court required Tiger to pay $1.6B on a 2018 sale  —  India said it would not apply its strict tax evasion rules on foreign investments made before April 2017, easing concerns among global investors …

Sam Schechner / Wall Street Journal:
Anthropic is racing to contain the fallout after accidentally leaking Claude Code's source code, issuing a copyright takedown request to remove 8,000+ copies  —  Developer issues copyright takedown request in bid to prevent competitors from cloning coding tool's features

Gené Teare / Crunchbase News:
Global VC investment hit a record $297B in Q1 2026, up 150% YoY, with AI startups capturing 81%; OpenAI, Anthropic, xAI, and Waymo raised 64% of the total  —  The first quarter of 2026 was unlike any other for venture investment, driven by unprecedented spending on AI compute and frontier labs.

Julia Hornstein / The Information:
Austin-based Coder, which helps developers build and run code from local devices to the cloud, raised a $90M Series C led by KKR, after raising $35M in 2024  —  Coder, a startup making software for developers to build and run code from local devices to the cloud, raised $90 million …