Documents show an EU draft law would introduce mandatory non-price evaluation criteria into public procurement; a proposed EU cloud-computing law would make it harder for Amazon, Google and Microsoft to bid for Europe’s "extremely critical" cloud service contracts.

Arm (ARM.O) shares rose more than 10% in U.S. premarket trading.

China said it has completed its May rotating presidency of the UN Security Council. Foreign Minister Wang Yi chaired a high‑level open debate at UN headquarters in New York, set out five proposals to restore the authority of the UN Charter and strengthen UN roles, and attended a Friends of Global Governance meeting where he proposed nine priority reform directions. Under China’s presidency the Security Council reviewed hotspots including Israel‑Palestine, Iran and Ukraine and discussed protection of civilians, completing its scheduled agenda.