The World in Brief from The Economist

Tech stocks fell for a second day, as investors’ concerns about AI disrupting work mingled with worries about chipmakers.

Shares in software companies fell again on Wednesday after sharp losses the previous day.

Novo Nordisk’s shares plunged almost 20% after it warned that sales and profits would fall this year. Also, America’s navy shot down an Iranian drone that it said “aggressively approached” the USS Abraham Lincoln.

America’s navy shot down an Iranian drone that it said “aggressively approached” the USS Abraham Lincoln, an aircraft-carrier in the Arabian Sea, with “unclear intent”.

America’s navy shot down an Iranian drone that it said “aggressively approached” the USS Abraham Lincoln, an aircraft-carrier in the Arabian Sea, with “unclear intent”.

Elon Musk announced that SpaceX, his rocket company, would acquire xAI, his artificial-intelligence startup. Also, America said it will lower tariffs on Indian imports and India has agreed to stop buying Russian oil.

Donald Trump said that America will lower its tariffs on Indian imports after Narendra Modi, the prime minister, agreed to stop buying Russian oil and purchase more from America.

Donald Trump said that America will lower its tariffs on Indian imports after Narendra Modi, the prime minister, agreed to stop buying Russian oil and purchase more from America.

Gold fell by as much as 9% on Monday, before recovering slightly. Also, Mr Trump said that America and Iran will “hopefully” make a deal to avoid conflict.