New York City’s proposed Delivery Protection Act would require some delivery operators to directly employ workers who perform core services, including delivery, and would restrict subcontracting. Amazon says the measure could lift per-package delivery costs by 267% and add $664 a year for every New York City household, while putting more than 40 delivery service partners and 5,000-plus employees at risk, according to Fox News Digital. The company says the rules could push last-mile operations outside the five boroughs and potentially out of the city.

Uber said it will cut more than 3,000 jobs worldwide, about 10% of its workforce, as it restructures to reduce management layers and focus spending on its core business. The overhaul is set to bring headcount back to 2021 levels, alongside a tighter office policy requiring most staff to work from designated hubs. Analysts said the layoffs could save up to $2bn a year. Uber shares rose nearly 2% after the announcement.

Uber said it will cut about 10% of its global workforce, affecting roughly 3,300 corporate jobs, and will require most employees to work from the office. The restructuring is aimed at streamlining the organisation by merging operations and tech teams, cutting “microteams” by nearly 50%, and reducing management layers to improve efficiency.

Disruptions through the Strait of Hormuz linked to the ongoing conflict with Iran have constrained access to about 20% of global oil and natural gas supplies, pushing crude above $90 a barrel this week. The rebound in energy costs is adding to inflation pressures at a time when U.S. inflation remains stubbornly above the Federal Reserve’s 2% target. Fed Chair Warsh reiterated the 2% commitment but warned the economy has entered a new phase of inflation and that further action may be needed if underlying trends do not improve.

The U.S. Army awarded Palantir and Anduril production contracts totaling $192 million to advance the TITAN next-generation mobile intelligence node system. Palantir received $127 million and Anduril was awarded $65 million. The Army plans delivery of eight systems over the next 18 months, including four advanced and four basic variants.

Southwest Airlines said it will open its first airport lounges in Austin, Nashville, Baltimore and Honolulu, with construction already underway. The carrier plans to launch a Chase-issued cobranded credit card in 2027 that will include access to its lounge network. Southwest expects the lounges to begin opening in late 2027. The move is aimed at attracting higher-spending premium travelers and expanding non-ticket revenue.

Net inflows into Solana exchange-traded funds (ETFs) have exceeded $1 billion. Data show investors are actively seeking alternative assets in the current market environment, driving continued inflows into Solana-related products. The milestone highlights rising attention to the Solana ecosystem and increased allocation interest in its native token, SOL. The inflows span multiple Solana-themed ETFs, including SOLZ, QSOL, SOLT, VSOL and SLON, reflecting diversified routes into the Solana market.

Uber drivers have filed a collective lawsuit in Amsterdam, alleging the company’s AI-driven pay system breaches data-protection rules and suppresses earnings. The suit follows a €825m fine issued by the Dutch data protection authority over automated account deactivations. Drivers say dynamic pricing introduced in the UK in 2023 cut annual income by about £5,000, and a 2025 University of Oxford study also reported substantial drops in earnings after the model was introduced.