Europe's top court threw out Google's final appeal against its €4.1 billion antitrust fine, closing an eight-year legal saga over how Android phones get built. The ruling confirms Google broke the rules by forcing phone makers to pre-install Search, Chrome and the Play Store as one non-negotiable bundle. It matters because there's no appeal left to file — this is the number, final. Beyond Google, it's a signal flare for every platform company: Europe's patience for "it's just how the ecosystem works" defences has officially run out, and the bill for testing that patience just got very real.

OpenAI has reportedly floated giving the US government a 5% equity stake in the company, part of a plan for a sovereign wealth fund that would let ordinary Americans share in AI's financial upside. Sam Altman has discussed it directly with the Trump administration, framing it as a way to defuse political anxiety about AI's power while spreading its winnings wider. It's early, it needs Congress, and other AI giants would be expected to chip in similar stakes. Whatever happens next, the boundary between "private tech company" and "national infrastructure" just got a lot blurrier.

Anthropic moved fast to distance itself from OpenAI's stake proposal, confirming it hasn't discussed giving Washington any ownership position and reiterating its focus on safe, steady development. It's a small statement with a big subtext: not every AI lab wants to be first in line for a government partnership, and the industry's biggest names are now visibly diverging on how close they want to sit to the White House.

Microsoft launched Frontier Company, a new $2.5 billion venture staffing 6,000 engineers and consultants to help businesses actually deploy AI rather than just talk about it. The bigger story here is the shift it reveals — companies increasingly want to mix and match AI models rather than marry one vendor, and Microsoft would rather be the contractor helping you build than the platform hoping you show up.

Tesla is reportedly bringing its longer, six-seat Model Y L to the US, with production expected to start in September and sales before year-end. It's Tesla filling the family-sized, three-row hole left by the discontinued Model X — new variants instead of new models, which tells you plenty about where Tesla's product playbook currently sits.

Goldman Sachs and Morgan Stanley will each match the government's $1,000 seed payment into "Trump Accounts" for their employees' eligible children, ahead of the scheme's July 4 launch. It's a small line item for two banking giants but a meaningful one for new parents on staff — and it adds fresh momentum to a growing list of employers treating this as a real benefit, not a headline gesture.

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A daily score of business conditions (scored out of 100), with a breakdown of what’s driving it.

The Daily Business Index slipped to 51.2 today, a modest dip driven mainly by a surprisingly weak US jobs report — employers added just 57,000 positions in June, far below expectations, even as the unemployment rate fell for less reassuring reasons. Oil kept getting cheaper, factories worldwide kept expanding, and European stock markets hit record highs on defence and pharmaceutical strength, while Asian chip stocks sold off sharply. Overall: a cooling labour market, but a business world still finding its footing elsewhere.

A year ago this week, the House narrowly passed the "One Big Beautiful Bill" by a single-digit margin, sending Trump's signature tax and spending package to his desk for a July 4th signing. Buried in that sprawling legislation was the very policy making headlines again today — the $1,000 government-seeded "Trump Accounts" for newborns that Goldman and Morgan Stanley are now matching. Funny how a line item that barely made the headlines back then just became a genuine corporate benefit a year later.

What it means: It's a big pool of money a government owns and invests, usually built from national profits like oil revenue, with the aim of growing wealth for the whole country rather than one company or person. Norway's is the textbook example. OpenAI's proposal borrows the concept, suggesting a version funded by AI company stakes so the public gets a cut of the boom rather than just watching from the sidelines.