<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Malaysia Weekly on June 1, 2026 - June 7, 2026</span></p></div><div><img alt="" class="gallery-items" data-high-res-src="https://myassets.theedgemalaysia.com/pics/2026/TEM1629-infographic-2_theedgemalaysia_20260603132702_p7idz8.jpg" src="" /></div>

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Already the richest person on the planet with a net worth of US$839 billion (RM3.3 trillion), Elon Musk — entrepreneur and founder of Tesla Inc — is set to become the world’s first trillionaire after the SpaceX mega initial public offering scheduled for this June.

Corporate trillionaires

YOUR DAY AHEAD: Sept 23, 2026

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Sept 23, 2026 

Sustainability hasn’t retreated, but its progress has fractured into winners and laggards, and CEOs must build conviction rather than assume uniform momentum, according to Bain and Company’s 2026 CEO Sustainability Report.

US$2.4 tril in green investment, yet most sectors are being left behind

(Sept 23): Asian stocks were poised to extend their winning streak after chipmakers drove the Nasdaq 100 to its first record since June, while falling oil prices provided a further boost amid hopes for progress toward ending the war with Iran.

Asian stocks set to extend gains as tech rallies

Oil extended losses as the US flagged progress in talks with Iran to end their war, and Saudi Arabia moved to restart a key pipeline. West Texas Intermediate for November fell below US$90 a barrel after losing more than 10% over the previous five days, while Brent settled above US$99

Oil extends slump on Iran talks optimism, Saudi pipeline restart

President Donald Trump and UK Prime Minister Andy Burnham discussed bringing up the detention of Hong Kong tycoon and democracy activist Jimmy Lai when the US leader meets China’s Xi Jinping later this week.

Trump, Burnham discussed bringing up Jimmy Lai with China’s Xi

A renewed rally in chipmakers drove the Nasdaq 100 toward its first record since June, with the stock market also bolstered by hopes for diplomatic efforts to end the war in Iran.

Nasdaq 100 eyes peak, oil falls on US-Iran talks

IHH Healthcare Bhd (KL:IHH) outperformed on Tuesday as Macquarie flagged an improving earnings trajectory across the hospital operator’s portfolio.

IHH Healthcare rises 5% as Macquarie flags strong earnings outlook

Apple Inc is developing a screenless health and fitness tracker similar to Whoop Inc’s wrist-worn device, part of an effort to rethink its smartwatch lineup and add new wearable technologies.

Apple developing new fitness tracker aimed at rivalling Whoop — Bloomberg

The Nasdaq hit an intraday record high on Tuesday, underpinned by gains in heavyweight technology stocks and potential negotiations over the Iran conflict, while declines in big banks limited broader market gains.

Nasdaq hits intraday record high as tech stocks regain footing

<p>The Court of Appeal on Tuesday delivered three unanimous rulings in the ongoing marital dispute between Supermax Corp Bhd (KL:SUPERMX) founders Datuk Seri Stanley Thai and his wife Datin Seri Cheryl Tan Bee Geok.</p>


Stanley Thai cleared of contempt as wife succeeds in lifting asset freeze, winding-up ban

<p>A top executive at ASML Holding NV, Europe’s most valuable company, said it isn’t selling any of its chipmaking machines on the continent and that the region risks getting left behind as the US, China and India invest heavily in developing their domestic semiconductor industries.</p>


ASML executive says no chipmaking machines sold in Europe, region risks getting left behind

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.</p>


Cuscapi, Zetrix AI, Sunway Healthcare, Eco World, SD Guthrie, MMAG, NexG, Country Heights, OGX, Maybulk & Oriental Interest

<p>Zetrix AI Bhd (KL:ZETRIX) managing director Wong Thean Soon's stake in the company has now dropped to 11.06% from 11.97% last Friday, as Wong continued to pare his direct and indirect stakes in the company.</p>


TS Wong further trims Zetrix AI stake; investment vehicle exits substantial shareholder list

<p>The Attorney General's Chambers has stated that the Negeri Sembilan state executive council has no legal authority to suspend the duties of the state secretary and state legal adviser.</p>


No legal authority for Negeri Sembilan exco to suspend state secretary, state legal adviser — AGC

<p>Tremors from a weak magnitude 4.4 earthquake that struck the waters off Batu Pahat, Johor, at 4.55pm on Tuesday were felt across four states, as well as Putrajaya and Kuala Lumpur.</p>


Quake off Batu Pahat: Tremors felt across Johor, Melaka, Negeri Sembilan and Klang Valley

<p>A weak 4.4-magnitude earthquake that struck the waters off Batu Pahat, Johor, on Tuesday afternoon startled residents in several areas, with some initially mistaking the brief tremors for vibrations caused by heavy vehicles passing nearby.</p>


Earthquake off Batu Pahat: Residents thought tremors caused by lorries

<p>Cypark Resources Bhd (KL:CYPARK) posted a profit before tax of RM5.7 million for its first quarter ended July 31, 2026 (1QFY2027), compared with a loss before tax of RM17.6 million a year earlier, crediting the turnaround to its existing businesses and development of new sources of earnings.</p>


Cypark returns to profitability in 1Q, powered by existing businesses, new sources of earnings

<p>US President Donald Trump on Tuesday called for complete economic isolation of Iran, showing no intention to resume talks at the United Nations (UN) General Assembly but saying he believed a deal would be done after the US midterm elections in November.</p>


Trump urges complete isolation of Iran, expects deal after election

<p>Glencore plc last month told Mizuho Bank Ltd that it believes Radiant World fraudulently generated email correspondence purporting to show that the Switzerland-based commodities trader planned to pay back the Japanese lender nearly US$100 million (RM407.5&nbsp;million), according to a legal filing obtained by<em> Bloomberg News.</em></p>


Radiant World sent Mizuho fake Glencore email, court filing says

<p>The Nasdaq hit an intraday record high on Tuesday, underpinned by gains in heavyweight technology stocks and potential negotiations over the Iran conflict, while declines in big banks limited broader market gains.</p>


<p>Nvidia Corp’s sinking stock valuation is sending a warning signal about the chipmaker’s prospects for maintaining its booming profit growth.</p>


Nvidia’s stock is flashing a warning sign as valuation falls

<p>Oil extended losses as the US flagged progress in talks with Iran to end their war, and Saudi Arabia moved to restart a key pipeline.&nbsp;West Texas Intermediate for November fell below US$90 a barrel after losing more than 10% over the previous five days, while Brent settled above US$99</p>


<p>KUALA LUMPUR (Sept 22): Carimin Petroleum Bhd (KL:CARIMIN) has made Sealink International Bhd (KL:SEALINK) an associate company after increasing its Sealink stake to 25.3%.</p>

<p>This development comes about three months after Carimin's proposal to take Sealink private lapsed. &nbsp; &nbsp;</...

 Carimin makes Sealink an associate by upping stake to 25.3%  

<p>Here's a heads up on what to look out for today.</p>


<p>Apple Inc is developing a screenless health and fitness tracker similar to Whoop Inc’s wrist-worn device, part of an effort to rethink its smartwatch lineup and add new wearable technologies.</p>


<p>(Sept 23):&nbsp;Asian stocks were poised to extend their winning streak after chipmakers drove the Nasdaq 100 to its first record since June, while falling oil prices provided a further boost amid hopes for progress toward ending the war with Iran.</p>


<p>Wendy’s Co said it terminated the rights of one of its largest US franchisees to continue operating its 314 locations, which the burger chain said could be taken over by corporate or new operators.</p>


Wendy’s says bankrupt franchisee lost brand rights to stores

<p>Mercedes-Benz production in Germany is not competitive by international standards, in particular due to high labour costs, the premium automaker said on Tuesday, after a top executive warned workers that two plants could close.</p>


Mercedes says German production not competitive, two plants under threat

<p>US President Donald Trump criticised Cuba as a failed state and said freedom will be coming to the Communist-run island in an United Nations (UN) address on Tuesday that touted greater US involvement in the region.</p>
