Unions at Volkswagen threaten strikes and demand shared sacrifices as the automaker pushes for deep cuts, including plant closures and pay reductions. Talks intensify amid German industrial challenges and rising global competition.

Nvidia, a leader in AI chips, faces slowing growth and supply chain challenges ahead of its Q3 results. Investors are focused on its new Blackwell processors, which are expected to generate billions amid tight production capacity.

Facing mounting debts and blocked merger attempts, Spirit Airlines has filed for bankruptcy. The discount airline seeks to restructure after major carriers and labor costs challenged its ultra-low-cost model.

The company will receive up to $6.6 billion in CHIPS Act funding to support its $65 billion investment in three advanced fabs in Arizona. The facilities mark the largest greenfield foreign investment in U.S. history, with the first set to open next year.

The company shares rose 5% after the company reaffirmed its 2030 revenue target of €44-60 billion, calming investor concerns following a recent profit warning. The chip equipment giant anticipates strong AI-driven demand, forecasting robust growth through advanced lithography innovations.

SoftBank's Japanese telecoms unit will receive the first chips using Nvidia's latest Blackwell design for its supercomputer, the California-based chip designer said, as Masayoshi Son looks to ride the artificial intelligence boom.