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Time:2026-06-03T04:37:49Z

CBS fires veteran '60 Minutes' correspondent Scott Pelley after he accused network leadership of ruining the iconic program. Indian business and political news covers AIADMK's election impact on BJP, Shah Rukh Khan's accidental KKR ownership, and Uday Kotak's warning on corporate complacency. AI continues to dominate market narratives as US stocks surge on AI optimism, Meituan bets billions on AI and robotics, and cybersecurity firms race to adapt. Mistral CEO discusses European AI sovereignty while China showcases its growing AI capabilities. Tokyo's Nikkei 225 breaks 68,000 for the first time, tracking Wall Street's record-breaking run driven by AI stocks.

Scott Pelley fired by CBS after '60 Minutes' clash with management

Scott Pelley fired by CBS after '60 Minutes' clash with managementCBS has fired veteran '60 Minutes' correspondent Scott Pelley following a heated confrontation with network management over a planned overhaul of the iconic news program. According to multiple reports, Pelley accused CBS News leadership, including executive Bari Weiss, of 'murdering' the 60 Minutes brand. The firing marks one of the most high-profile clashes between a veteran journalist and network executives in recent memory, raising questions about the direction of legacy news organizations.

Sources:
Scott Pelley fired by CBS after ‘60 Minutes’ clash with management (CNN)
Scott Pelley erupts at CBS leaders over ‘60 Minutes’ overhaul (CNN)
Top ‘60 Minutes’ Correspondent Scott Pelley Fired After He Calls Out CBS News Boss Bari Weiss (Forbes)
Scott Pelley Fired By CBS After Confrontation With New ‘60 Minutes’ EP (Forbes)
Scott Pelley Accuses CBS News Boss of ‘Murdering’ ‘60 Minutes’ (NYT)

Indian political drama, cricket deals, and Kotak's corporate warning

Indian political drama, cricket deals, and Kotak's corporate warningA leaked recording reveals that BJP leader Annamalai told Amit Shah that the AIADMK alliance dragged down the BJP's vote share in Tamil Nadu. In a separate development, former IPL commissioner Lalit Modi disclosed that Shah Rukh Khan was initially uninterested in cricket but was persuaded to buy the Kolkata Knight Riders franchise for a bargain price. Meanwhile, Uday Kotak warned Indian corporations that Google's $80 billion capital raise is a 'wake-up call' underscoring the competitive threat from global tech giants.

Sources:
'Due to AIADMK, BJP's vote share went below...': What Annamalai told Amit Shah in high-profile meeting (Business Today)
'SRK didn't like cricket': Lalit Modi reveals how a hesitant Shah Rukh bought KKR 'basically for free' (Business Today)
'It's a wake-up call': Uday Kotak's message to India Inc after Google's $80 bn raise (Business Today)

Markets surge on AI optimism amid industry transformation

Markets surge on AI optimism amid industry transformationUS stock markets continue to reach new highs, driven overwhelmingly by optimism around artificial intelligence. Meituan has placed billion-dollar bets on AI and robotics, using investment gains to cushion pressure on its core business from rivals Alibaba and JD.com. Palo Alto Networks reports that AI is driving urgent demand in cybersecurity, though its stock still dipped. Market analysis warns that AI-powered trading has eroded traditional investor advantages, while the broader $12 trillion creative economy faces disruption from generative AI.

Sources:
America’s stock market is surging, but it’s still all about AI (CNN)
How Meituan’s US$1b bets on AI, robotics outshine quarterly lossInvestment windfall provides cushion as core-business margins face intense pressure from battle with Alibaba Group Holding and JD.com. (SCMP)
Palo Alto Networks’ earnings show AI brings new urgency to cybersecurity, but stock still dips (MarketWatch)
Beyond the ‘brazen theft’ of news: The entire $12 trillion creative economy may now be at risk from AI (MarketWatch)
The 6% solution is gone: How overcrowded AI-powered trading has erased investors’ advantage (MarketWatch)

European AI sovereignty debate and China's AI ambitions

European AI sovereignty debate and China's AI ambitionsMistral CEO Arthur Mensch has outlined his vision for European AI infrastructure and sovereignty, arguing that Europe must build its own AI capabilities rather than rely on American or Chinese platforms. Separately, China Daily reports on the nation's growing AI strength through new partnerships and the expansion of AI-powered smart living technologies, signaling China's continued push to lead in artificial intelligence development.

Sources:
Mistral CEO Arthur Mensch on AI infrastructure, sovereignty and Europe’s AI future (CNBC)
Partnership highlights nation's growing AI strength (China Daily)
AI pushes concept of smart living (China Daily)

Nikkei breaks 68,000 as global markets hit records

Nikkei breaks 68,000 as global markets hit recordsTokyo's Nikkei 225 index surpassed 68,000 for the first time ever, tracking Wall Street's continued record-breaking rally. Oil prices are rising but not enough to derail equity market momentum. Analysts attribute the global market surge primarily to booming AI stocks, which continue to lift indices across major exchanges worldwide.

Sources:
Tokyo’s Nikkei 225 index tops 68,000 for the 1st time as Wall Street logs more records (AP News)
Oil prices rise, but not by enough to keep Wall Street from more records (AP News)
Wall Street inches to more records thanks to booming AI stocks (AP News)