Markets and policy set the tone in today’s business news, with President Trump using the White House to ring the opening bells of both the NYSE and Nasdaq for the launch of “Trump Accounts,” a new government-backed investment program that gives eligible newborns a $1,000 market stake. In India, Cooperative Minister Amit Shah unveiled another state-linked expansion of finance, announcing plans for a cooperative life insurer and a major rollout of the Bharat Taxi platform to 500 cities. Elsewhere, geopolitics and defense spending remained tightly linked: the UK imposed new sanctions on Russian scientists and labs tied to Novichok and other toxins, while Lockheed Martin agreed to buy naval warfare specialist Ultra Maritime for about $3.45 billion, deepening its undersea defense capabilities. In tech, Microsoft struck a harsher note, announcing 4,800 layoffs, including deep cuts at Xbox, as it reshapes the business around weaker margins and industry strain.