Final bids for majority stake in engine maker Everllence are due Tuesday.

Berlin, June 1 (Reuters) - Final bids for a majority stake in engine maker Everllence are due Tuesday and owner Volkswagen plans to pick a buyer over the next few weeks, people familiar with the matter told Reuters on Monday. o CVC, Bain Capital and EQT, which has joined forces with Volkswagen shareholders Porsche SE and Qatar, are final contenders o Everllence, formerly MAN Energy Solutions, is the market leader in large marine engines and has identified generators for AI data centers as a growth segment o The company is valued at 8-9 billion euros, according to the sources o Voice of employee representatives on the supervisory board could be decisive o The representatives of Porsche SE and Qatar on the VW Supervisory Board are expected to abstain from the final vote, according to sources o Volkswagen, Porsche SE, CVC and Bain declined to comment. EQT and representatives from Qatar could not immediately be reached. (Reporting by Christina Amann und Christoph Steitz, writing by Lena Rueckerl, editing by Ludwig Burger)

China's wholesale prices rose at the fastest pace in nearly four years in May.

Trump Media & Technology Group (DJT) has drawn fresh attention after recent share price swings.

On June 9, 2026, the tech-heavy Nasdaq Composite plunged 2.17%, losing more than 560 points as AI and semiconductor stocks extended their sell-off.