The Information reports Microsoft (MSFT.O)'s new security chief Haiyet Garrot has replaced at least eight executives who previously reported to former security head Charlie Bell, part of a push to overhaul the company's security structure and support its AI transition.

Japan core machinery orders (May) -12.4% MoM vs -4.2% expected; April +8.7%.

Japan's Ministry of Economy, Trade and Industry said on Wednesday a tanker carrying Mexican crude for Cosmo Oil, a unit of Cosmo Energy, is expected to arrive as soon as Friday — the first Mexican crude to reach Japan since the outbreak of war between the US/Israel and Iran in late February. The ship is due at Cosmo's Yokkaichi refinery in central Japan before proceeding to the Chiba refinery near Tokyo; it sailed from the Gulf of Mexico via the Cape of Good Hope. METI said the shipment offers an alternative channel to Middle East supplies; in April Prime Minister Takaichi and Mexico's president agreed to deepen energy cooperation amid supply disruptions from the Iran conflict.