Japan Wholesale Inflation Accelerates to 6.3% in May, Exceeding Forecasts 
Intesa Sanpaolo Launches €30.6 Billion Bid for Monte dei Paschi to Drive Italian Banking Consolidation 
GM and Peak Energy Partner to Advance Sodium-Ion Battery Technology for Grid Storage 
Asian Currencies Stabilize as Strong U.S. Jobs Data Boosts Dollar and Fed Rate Hike Expectations 
Honda Leadership Crisis Deepens as Retired Executives Challenge CEO Toshihiro Mibe’s Strategy 
Switzerland Population Cap Referendum Sparks Economic and Immigration Debate 
Vietnam Prioritizes Fiscal Stimulus as Monetary Policy Space Narrows 
Republican Lawmakers Urge National Guard Role for World Cup Drone Security 
US Stocks Rebound as Iran Eases Military Operations; Tech Shares Lead Wall Street Recovery 
US Dollar Slips Ahead of Key Inflation Data as Middle East Tensions Weigh on Markets 
US Stock Futures Slip as New Iran Strikes Weigh on Market Sentiment Ahead of Inflation Data 
Native American Groups Slam Trump’s Call to Restore Redskins Name 
Nvidia Expands South Korea AI Partnerships to Strengthen Data Center and Memory Chip Supply 
FIFA Faces Investigation Over 2026 World Cup Ticket Pricing and Seat Allocation Issues 
Qualcomm Stock Gains After Jensen Huang Endorsement 
White House Defends Trump’s FIFA Peace Prize Amid Global Criticism 
Trump Draws Cheers at Ryder Cup as U.S. Trails Europe After Opening Day 
Formula One has renewed its US media rights deal with ESPN until the end of 2025, reportedly worth between US$75 million and US$90 million per year.
The agreement represents a significant increase over the broadcaster owned by Disney's current three-season contract, which expires after 2022 and is valued at US$5 million annually.
Although an unspecified number of Grands Prix will air exclusively on the ESPN+ streaming service, the majority of races will be broadcast on the linear television channels ESPN or ABC.
There were reportedly bids from Comcast and Amazon, with the former's reportedly valued at around $100 million and including the right to sublicense to a linear broadcast network.
The value of Comcast's offer was comparable to that of ESPN and included several races being streamed on its Peacock over-the-top (OTT) platform in addition to linear coverage on NBC and USA Network.
Netflix reportedly made a bid as well, but it fell short of competing for offers in terms of price because Formula One executives are reportedly not yet ready to exclusively stream every race in the series.
ESPN has consistently held out hope that its Formula One broadcasting agreement will be renewed. Burke Magnus, president of programming and original content for the network, stated last month that ESPN had "very positive talks" with F1.
The massive increase in ESPN's reported extension follows a sharp increase in Formula One viewing in the US.
