Federal budget spending on war and security forces in 2026 may be much higher than planned in the current budget. In February, the Ministry of Finance estimated the excess of expenses over plans at 2 trillion rubles ($28 billion), and in the worst case, at 4 billion rubles, FT found out. Such an increase in military spending will widen the gap between the military state and peaceful market economies of Russia. DSNS of Ukraine

THIS MATERIAL (INFORMATION) IS PRODUCED AND DISTRIBUTED BY THE BELL'S FOREIGN AGENT OR CONCERNES THE ACTIVITIES OF THE BELL'S FOREIGN AGENT. 18+ Hedge fund short positions are at their highest since 2011, but that's not a bet on the market falling. Goldman Sachs analyzed the statements of 1,059 funds with positions worth $4.6 trillion and recorded a large-scale rotation: from Microsoft and the defense sectors to semiconductors and AI infrastructure.

This week, two trillion dollar companies appeared in the semiconductor industry: SK Hynix and Micron, and the PHLX Semiconductor Index increased its growth in the first 100 trading days of 2026 to 82%. But such growth has an important nuance. All of the huge influx of money facing the industry during this new tech rush is coming from a handful of companies and technologies tied to AI infrastructure.

At a press conference today, Putin said that Russian troops are advancing “in all directions every single day,” and the situation on the battlefield “gives the right to say that the conflict is close to ending.” However, he refused to name specific dates for the end of the war. Russia, according to him, is ready for negotiations and does not refuse them, but at the same time there are no negotiations now. Putin called all places “where threats to Russia come from” legitimate targets.

Putin said he had “heard” about a drone in Romania, but did not know what kind of drone it was. He suggested handing over the wreckage to Russia - then Moscow would give its assessment.

Lenovo shares on the Hong Kong stock exchange rose 105% in May - this is the largest monthly increase since 1999, writes Bloomberg. Today alone, the stock added 22% after the report was released. The company's market capitalization reached almost HK$298 billion (about $38 billion). What's in the report AI-related revenue helped offset pressure from rising component costs. For the quarter ended in March, Lenovo's revenue rose 27% to $21.6 billion, its best in five years.

The Rusagro agricultural holding, seized from businessman Vadim Moshkovich, came under the control of the Russian Agricultural Bank structure - RSHB-Finance, as follows from the Unified State Register of Legal Entities. The entry in the register appeared on May 28. This is not the first nationalized asset for Rosselkhozbank.

The American tech industry is preparing for a possible series of IPOs of historic proportions. SpaceX, Anthropic and OpenAI, three companies that are setting the AI ​​agenda, could go public with a combined valuation of more than $3 trillion. So far, only SpaceX has submitted an official application for placement and, according to Bloomberg, has lowered its valuation target to $1.8 trillion.

In February, before the US attack on Iran, the Ministry of Finance estimated the “military” hole in the budget at 2–4 trillion rubles and asked for sequestration. Expensive oil is not able to close the hole completely