The EU is planning a rebooted Chips Act 2.0 requiring EUR 120bln in public-private investment by 2035, according to Bloomberg

Newsquawk StaffPublished 28 May 2026, 17:28 UTCOn the live feed at 17:08 UTC — 1 more headline followed before this page went public

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Southwest (LUV) executive says business revenue was higher in April and May

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Fed's Musalem (2028 voter) says looks like the Fed policy is at or below long run neutral; thought in April the easing bias in the statement was no longer consistent, Bloomberg TV interview

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The EU is planning a rebooted Chips Act 2.0 requiring EUR 120bln in public-private investment by 2035, according to Bloomberg

17:02

Eli Lilly (LLY) is to present new data on Foundayo, Mounjaro and retatrutide at the American Diabetes Association's 86th Scientific Sessions

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US sells USD 77bln of 7yr notes; stops-through 0.1bps

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The revamped law will prioritise demand-side measures, in contrast to the supply-driven original 2023 act, which failed to grow the bloc's market share.
Plans include a EUR 30bln foundry for AI semiconductors and advanced 3-nanometer chips, with the proposals due to be presented to lawmakers next week.

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