Sources say Synopsys notified more than 10 chipmakers in April and May that it will discontinue parts of its software suite, retiring legacy analysis products to refocus resources on higher-value offerings.

2010 Nobel laureate Christopher Pissarides said AI is unlikely to return Western economies to the high productivity growth seen in prior decades. He warned up to 40% of jobs in the US and UK—notably care and hospitality—are likely to be largely unaffected by AI and said there is currently little evidence AI will materially raise productivity. Pissarides questioned claims by NVIDIA CEO Jensen Huang and OpenAI founder Altman about widespread employment disruption, while allowing AI could deliver some gains; he remains skeptical it will replicate the 1980s–1990s computer-driven surge. Weak performance in Western economies, especially Europe, will make policy trade-offs more difficult.

Saudi Aramco set its August official selling price for Arab Light to the U.S. at a $4.60/bbl premium to the Argus Sour Crude Index (ASCI).