Friday 29 May 2026
The Mighty Headlines
Economics: EU meets today to discuss relationship with China
Business: Anthropic raises $65bn of funding on $965bn company valuation
Markets: Market cap of AI chipmakers SK Hynix and Micron now $1 trillion
Foreign Affairs: Israel expands offensive into Lebanon’s capital city
Security and intelligence: New NATO command centre in the Baltics
Domestic politics: 1 million young British people not in work or education
The Mighty Stats
FTSE = 10,425.96 (down 0.75%)
S&P 500 = 7,563.63 (up 0.58%)
Nasdaq = 26,917.47 (up 0.91%)
Stoxx 600 = 625.11 (down 0.49%)
£1 = $1.34 / €1.15
Lab / Con / Reform / Green = 16 / 18 / 25 / 19 per cent (Find Out Now, 27 May)
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The Mighty Detail
Economics: European Commissioners are meeting in Brussels today to discuss the EU’s relationship with China. They are expected to discuss measures to protect EU industries from Chinese competition. France is leading the campaign. Other countries, such as Spain and Germany, oppose the plans.
Business: Anthropic, the company behind the AI tool “Claude” and competitor to OpenAI’s ChatGPT, raised $65 billion of investment yesterday. The fund raising round was based on a $965 billion valuation of the firm.
Markets: Shares in chipmakers SK Hynix (a South Korean company) and Micron (a US company) have risen by 10 per cent and 12 per cent respectively since the start of the week.
Both companies are now worth over $1 trillion, joining the likes of Apple, Nvidia, Amazon, Microsoft, Facebook and Google.
They are profiting from strong demand in computer chips for use in AI.
Foreign Affairs: The Israel Defence Force (IDF) hit a target in Beirut, Lebanon yesterday. The IDF was reportedly targeting the head of an Iranian militia connected to Hezbollah. The IDF said on Tuesday that it would be expanding its operations beyond Israel’s border region with Lebanon in order to protect Israeli citizens.
Security and intelligence: Germany and the Netherlands are to establish a new joint tactical military headquarters in the Baltics. According to the German Defence Ministry, the joint command centre in the region of Estonia and Latvia will strengthen “the cohesion of NATO” and support the “deterrence of Russia”.
The command centre can lead up to 50,000 troops.
Domestic politics: The Prime Minister has described the Government-commissioned report into the number of young people aged 16 to 24 who are not in education, employment or training as “sobering”.
The number of so-called “neets” now stands at over one million and is reported to cost the UK £3.2 billion a year in welfare spending.
The Mighty Calendar
What’s happening today?
European Commissioners debate EU’s relationship with China
Pentagon due to host Israel-Lebanon military talks
Paul McCartney releases new album with track co-written by Ringo Starr
Lookahead to the weekend
Saturday
Parliamentary election in Malta
UEFA Champions League final: Arsenal vs Paris Saint-Germain
Greenland Midnight Marathon
Eid in the Square, Trafalgar Square, London
Sunday
Presidential election in Colombia
Parliamentary elections in Guinea
Women’s FA Cup final: Brighton vs Manchester City, Wembley Stadium
Final stage of the Giro d’Italia (cycling)
The Mighty Finale
🌤️Weather today
Same weather across England: light cloud with sunny spells. High of 26C and low of 13C in London. Light rain in Belfast. Light cloud and dry in Edinburgh.
✏️Life coaching quote of the day
“This is one of the glories of man, the inventiveness of the human mind and the human spirit: whenever life doesn’t seem to give an answer, we create one.” – Lorraine Hansberry, writer and civil rights activist
Mighty takeaway: How can you create the “answer” that you need in your life right now?
That’s it for this morning and for this week. Thanks for reading and we hope that you have an enjoyable weekend. It should be getting cooler!
Cheerio!
The Mighty Memo team
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