The Broadcom miss is worth leading the tech section with, and the SpaceX valuation story is genuinely significant. The Israel-Lebanon framework matters for geopolitics. The Google/CMA ruling affects UK publishers directly. The wealth migration slowdown has UK policy implications. The US House Iran vote is worth a line. Anthropic piece is too thin on facts to use. Argentina AI piece is opinion. Everything else falls below the bar.

The UK saw a notable data point on non-dom reform yesterday. The number of wealthy individuals leaving Britain has dropped sharply, with new figures showing the flight of high-net-worth residents slowed significantly once the non-dom abolition played out in practice. The implication for Treasury modelling is meaningful — the behavioural exodus that critics warned about appears to have been overstated, at least in the near term.

Google has been ordered by the UK’s Competition and Markets Authority to add clearer source links within its AI Overviews product and to give British publishers a genuine opt-out mechanism. Google had argued users don’t want to see multiple sources — the regulator disagreed. For media owners and anyone watching the CMA’s approach to AI intermediation, this is the first concrete enforcement action shaping how generative search must behave in the UK market.

Broadcom’s shares fell as much as 15% in after-hours trading after its revenue forecast disappointed. The company lost more than $300bn in market capitalisation on the move. Given how much of the AI infrastructure trade has been priced around semiconductor demand holding up, this will be watched carefully this morning for what it signals about the pace of data centre build-out spending.

SpaceX has pitched investors at a $1.78 trillion valuation, seeking to raise up to $86bn in what would be the largest Wall Street debut on record. The figure puts it above most sovereign wealth funds in scale and will force a reassessment of how private market pricing feeds into broader equity benchmarks. No confirmed timeline yet, but the investor roadshow is active.

The US House passed a resolution to end Trump’s Iran war powers, with four Republicans crossing the aisle. It is largely symbolic — the Senate is unlikely to reach the threshold needed to override a veto — but it marks a rare formal rebuke of the administration’s posture and keeps the Iran premium in oil markets alive as a talking point.

The US announced an Israel-Lebanon ceasefire framework following talks, with both governments signing on. Hezbollah was not party to the agreement, which is the central problem. Enforcement without the main armed actor in the room is an open question, and markets in the region will treat this cautiously until there is evidence of compliance on the ground.

US jobs data for May is due tomorrow, Friday 5th June.

Sources

BBC News, Al Jazeera, The Economist, Guardian, FT, TechCrunch, Ars Technica, Politico — 2026-06-04