Mark Gurman / Bloomberg:
Apple endorses the ~$11.6B Amazon-Globalstar deal, noting that it has a “proven track record” with Amazon infrastructure; Apple holds a ~20% stake in Globalstar  —  Amazon.com Inc.'s takeover of Globalstar Inc. is poised to benefit one of the company's biggest rivals in hardware devices: Apple Inc.

Arjun Kharpal / CNBC:
ASML reports Q1 net sales of €8.8B, above €8.5B est., a €2.8B net profit, above €2.5B est., and raises 2026 net sales forecast to €36B to €40B from €34B to €39B  —  ASML raised its sales forecast for 2026 after it beat first-quarter revenue and profit expectations …

Financial Times:
Sources and analyst estimates: Uber is on track to spend $7.5B+ on buying robotaxis and $2.5B+ on equity stakes in their makers over the next few years  —  Ride-hailing app races to make up lost ground with equity investments and vehicle order commitments  —  Uber has committed more than $10bn …

Google DeepMind:
Google DeepMind introduces Gemini Robotics-ER 1.6 robotic reasoning model, saying it shows significant spatial and physical reasoning improvements over ER 1.5  —  For robots to be truly helpful in our daily lives and industries, they must do more than follow instructions, they must reason about the physical world.

Financial Times:
Sources: ahead of US midterms, Democrats have been advised not to antagonize a ~$300M pro-AI lobby; internal polling shows broad support for tougher AI rules  —  Pro-industry campaign groups deploy millions amid growing public support for tighter regulation