Italian Space Industry: Argotec, an Italy-based smallsat maker, opened a new US headquarters and manufacturing facility on Florida’s Space Coast in Melbourne, investing $25M and aiming to triple staff by 2028 as it expands Hawk Lite/Plus/Heavy production. Cybersecurity & Diplomacy: Italy’s CyberBridge wrapped in Rome with training for 30 public officials from nine sub-Saharan countries, built with the foreign ministry, Italy’s National Cybersecurity Agency, and Leonardo to strengthen cyber governance and incident response. AI Infrastructure Finance: Core42 secured $550M in structured trade finance with HSBC to scale AI cloud and compute deployments across the US and Europe, with facilities completed in February and May. EV Charging Interop: Volvo says it will add Tesla Supercharger access to its app across 29 European countries later this year, letting drivers top up without using the Tesla app. Energy Geopolitics: The Strait of Hormuz remains a flashpoint after US-Iran strikes and drone interceptions, with oil supply risk pushing prices and raising global energy security concerns. Climate Impact: Europe’s record May heatwave is being linked directly to climate change, with UN and scientists warning it’s getting hotter, longer, and more frequent. Ferrari EV Backlash: Ferrari unveiled the $640k Luce in Italy with Pope Leo XIV in attendance, but mixed reactions and a sharp share drop show the electric pivot is far from universally welcomed.