Danone BN 0.06%increase; green up pointing triangle has agreed to buy nutrition startup Huel for about $1.2 billion, seeking to tap growing demand for meal-replacement shakes popular with gym-goers and late-night workers.

The maker of Activia yogurt and Evian water said Monday that the deal would bolster its presence in the so-called “complete nutrition” sector and help Huel expand internationally.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

The global artificial intelligence boom is facing a significant threat due to its heavy reliance on energy and chemical imports from the Middle East, which are now jeopardized by the conflict involving Iran.

The high-tech supply chain—from semiconductor manufacturing in East Asia to data center operations in the United States—is vulnerable to disruptions in the Strait of Hormuz and damage to regional infrastructure. Ultimately, a prolonged conflict could lead to soaring chip prices, a halt in production, and a collapse of current tech valuations, potentially triggering a global recession.

Key Points

• Energy Dependency: Major semiconductor hubs in South Korea and Taiwan are almost entirely dependent on fossil fuel imports from the Middle East, particularly liquefied natural gas (LNG) passing through the Strait of Hormuz.
• Critical Chemical Supply: The region is a primary source for essential chip-making materials, including one-third of the world’s high-purity helium from Qatar, seaborne sulphur for etching, and bromine from the Dead Sea.
• Data Center Costs: Rising global LNG prices are driving up electricity costs in the U.S., where energy represents approximately 50% of operating expenses for the data centers powering AI.
• Logistics and Shipping: The conflict has created bottlenecks in air and sea freight, specifically impacting regional hubs like Dubai and delaying the delivery of wafers and finished chips.
• Infrastructure Damage: Recent attacks on Qatar’s Ras Laffan plant, the world’s largest LNG and helium facility, mean that even an immediate end to hostilities would require months to restore the supply chain to pre-crisis levels.
• Financial Risk: Investors are beginning to price in higher inflation, rising interest rates, and the potential unwinding of high tech valuations and debt borrowed against AI assets.

Analysts warn that if the Strait of Hormuz remains closed for more than a month, the resulting supply chain break could become irreparable in the short term, leading to a worldwide economic downturn.

As the global economy increasingly anchors its future growth on Artificial Intelligence, a shadow of geopolitical risk looms over the horizon. While the “AI Boom” has been driven by unprecedented leaps in LLM (Large Language Model) capabilities and semiconductor demand, analysts are beginning to sound the alarm on how escalating tensions in the Middle East—specifically involving Iran—could introduce a level of volatility that the tech sector is ill-prepared to handle.

Asia, receiving 80-82% of Qatar’s exports, faces acute pressure, with LNG spot prices up 39-50% and rerouting adding costs and delays. South Korea and Taiwan’s chip fabs, heavily reliant on Middle East LNG for electricity (e.g., Taiwan’s 40% LNG mix), risk production halts as power costs soar.

For the business community in Thailand, which is currently positioning itself as a regional hub for data centers and digital transformation, these global shifts are more than distant concerns; they are critical variables in local strategic planning.

The Energy Nexus: Powering the AI Engine

The AI revolution is uniquely energy-intensive. From the massive cooling requirements of data centers to the electricity consumed during model training, the industry’s overhead is deeply tied to global energy prices.

Any conflict involving Iran threatens the stability of the Strait of Hormuz, a transit point for one-fifth of the world’s total oil consumption. A spike in energy costs would lead to a direct increase in operational expenses for cloud providers like Amazon Web Services, Google, and Microsoft. For Thailand, where energy price fluctuations directly impact the cost of doing business, an “AI tax” driven by high energy prices could slow the adoption of these technologies across the manufacturing and service sectors.

Supply Chain Fragility and the Semiconductor Bottleneck

The AI boom is currently built on a “just-in-time” supply chain for high-end semiconductors. While the majority of chip fabrication occurs in East Asia, the logistics of global trade are highly interconnected.

Geopolitical instability often leads to a “risk-off” sentiment in global markets, causing shifts in shipping routes, increased insurance premiums for freight, and potential shortages in raw materials. “In a world of integrated trade, a localized conflict in the Middle East does not stay local,” says a senior analyst in Bangkok. “The volatility it introduces into the global supply chain can delay the rollout of the hardware necessary to sustain AI scaling.”

Market Volatility and Capital Flow

The current AI surge is fueled by massive capital expenditures. However, high-growth sectors are historically the most sensitive to geopolitical shocks. Should a conflict in Iran escalate, the resulting market volatility would likely trigger a flight to “safe-haven” assets.

For the Thai SET (Stock Exchange of Thailand) and regional tech startups, this could mean a tightening of venture capital and a reduction in Foreign Direct Investment (FDI). As investors pivot toward risk mitigation, the aggressive funding rounds that have characterized the AI sector over the last 24 months could see a significant cooling period.

The Thai Perspective: Resilience in Uncertainty

For Thai business leaders, the potential for a “Silicon Shock” underscores the need for resilience. As the government pushes the “Thailand 4.0” initiative, diversifying energy sources for digital infrastructure and localizing AI applications may become necessary hedges against global instability.

While the AI boom has the momentum of a decade-defining trend, it is not immune to the realities of global politics. The coming months will determine whether the tech sector can navigate this period of heightened geopolitical risk, or if the “AI Spring” will face an unexpected winter driven by regional conflict.

Other People are Reading

Wall Street indexes fell in Tuesday’s volatile session as investors swayed between fears of rising oil prices and hopes for a resolution to the U.S.-Israeli war on Iran as U.S. President Trump claimed there were talks even as reports suggested that more American troops were headed to the Middle East.

U.S. Treasury yields extended gains after a weak auction of 2-year Treasury notes, also adding pressure to equity markets.

Indexes regained some ground after Trump ‌told reporters that the ⁠United States ⁠was talking to “the right people” in Iran in order to reach an agreement to end hostilities and that Iran has agreed they will never have nuclear weapons. But reports the Pentagon would send thousands of more troops from the elite 82nd Airborne Division to the Middle East caused some concerns.

Wall Street indexes on Monday had marked their biggest one-day gain since February 6 ]as oil prices fell after Trump had postponed strikes against Iranian power plants and announced talks with Iran even as Tehran denied negotiations with the U.S. But energy prices rose on Tuesday with crude oil futures settling up more than 4%.

“Stocks are trying to find their footing as investors are keeping one eye on social media and the other eye on every headline. We’re very short-term oriented,” ⁠said Carol Schleif, chief ‌market strategist, BMO Private Wealth.

“Markets are trying to hold onto the optimism they had yesterday. They’re so ready to move beyond war talk even if it’s not 100% settled,” said Schleif but she added, “There’s a lot of nervousness. People are watching oil and ⁠watching interest rates and worrying do we go higher for longer on both energy and interest rates because that could start negatively impacting growth.”
Kevin Gordon, head of macro research & strategy at the Schwab Center for Financial Research in New York also pointed to a “double whammy” higher oil prices and higher rates as a “stagflationary backdrop, which, needless to say, is not a positive backdrop for the stock market.” According to preliminary data, the S&P 500 lost 24.62 points, or 0.36%, to end at 6,557.19 points, while the Nasdaq Composite lost 184.86 points, or 0.84%, to 21,762.77. The Dow Jones Industrial Average fell 87.24 points, or 0.19%, to 46,121.23.

Among the 11 S&P 500 major industry sectors, energy led gains during the session while communication services and technology were leading losses.

Meanwhile, private credit concerns resurfaced after a report that Ares Management limited ‌redemptions at 5% at its private credit fund, along with Apollo Global Management , as withdrawal requests surged.

Earlier a survey showed U.S. business activity slowed to an 11-month low in March as the Middle East war raised prices for energy products and other inputs.

Higher oil prices have revived inflation jitters and complicated the interest ⁠rate outlook for central banks. The U.S. Federal Reserve struck a hawkish tone last week, projecting only one reduction in 2026.

Traders are no longer pricing in any rate cuts this year, compared with two reductions expected before the Middle East conflict erupted. Expectations for hikes nudged higher amid escalating tensions last week, but were quickly unwound after Trump’s comments on Monday, according to CME’s FedWatch Tool. Among individual movers, shares of Jefferies rose after the Financial Times reported that Japan’s Sumitomo Mitsui Financial Group is working on plans for a possible takeover of the investment bank. Shares in cosmetics maker Estee Lauder tumbled after it said it was in talks for a potential merger with Spanish beauty group Puig Brands. Barclays lifted its 2026 year-end target for the S&P 500 index to 7,650 from 7,400, citing stronger earnings expectations that outweigh macro risks like Middle East tensions, AI-driven disruption and stress in private credit.

Mumbai: Indian equities on Tuesday expectedly tracked a pan-Asian rebound in risk assets to climb nearly 2% while the rupee gained against the dollar, as traders slashed bearish bets after the US halted strikes on Iran in first apparent signs Washington was finally giving diplomacy a chance to help resolve the Gulf crisis.

Still, the conspicuous absence of reciprocal conciliatory statements from Tehran and reports of Iranian attacks tempered optimism on Dalal Street, said analysts, who don’t expect volatility to subside just yet.

The NSE Nifty climbed 1.8% to 22,912.40, while the Sensex advanced 1.9% to 74,068.45. Both gauges have slumped nearly 9% since the start of the war. The rupee, meanwhile, settled at 93.86/$, up 11 paise from its previous close, LSEG data showed. It surged to an intraday high of 92.63/$ and traded in a wide range of 128 paise amid mild central bank interventions, traders said.

“The markets were oversold and news of a halt in attacks from the US triggered some short covering that led the rally,” said Rajesh Palviya, head of technical and derivatives, Axis Securities. “However, it doesn’t indicate volatility is over since there hasn’t been a concrete resolution yet.”

Strait Still Closed

Asian risk assets, which took a cue from the overnight advance in US equities, climbed Tuesday. Hong Kong jumped 2.8% while South Korea gained 2.7%. China and Japan climbed 1.8% and 1.4%, respectively. Taiwan, however, declined 0.3%.
Palviya said not all the short positions are out of the system as investors await clarity on conflict resolution. Brent crude oil futures retreated about 10% on Monday but retraced to $98.9 on Tuesday after Iran denied talks with the US and launched fresh attacks.
Analysts said the continued closure of the crucial waterway that evacuates a fourth of the world’s energy output capped outsized gains for Indian equities. “If there is further de-escalation from this point, then this could be a bottom for the market,” said Dharmesh Kant, head of research, Cholamandalam Securities.
Energy supplies and the price of crude oil remain key monitorables in the rate and currency markets, too, analysts said. The rupee’s near-term trajectory is linked to geopolitics and Tuesday’s advancing trend could quickly reverse if hostilities continue.

“Some pullback in crude oil prices and easing geopolitical tone supported the rupee, and risk sentiments improved slightly. However, persistent equity outflows from foreign funds continue to pressure the rupee, and I expect a range between 93.65 and 94.25 on Wednesday,” said Anil Bhansali, head of treasury at Finrex Treasury Advisors.

U.S. efforts to resolve tensions with Iran through diplomacy face deep skepticism from military leadership, even as negotiations unfold behind the scenes.

Retired Gen. Jack Keane, a Fox News strategic analyst, joined FOX Business’ Maria Bartiromo on “Mornings with Maria” to discuss whether diplomacy can achieve the same objectives as military action, including reopening the Strait of Hormuz and dismantling Iran’s nuclear and missile capabilities.

Keane said the administration is attempting to use diplomatic leverage to reach outcomes that could otherwise be achieved through force but warned the challenge lies in trusting Tehran’s commitments.

“I’m highly skeptical… This is a regime for 47 years. They are pathological liars and they’re cheaters… It’s very difficult to take them at their word,” Keane said.

MARKETS HANGING ON ‘EVERY WORD’ AS US-IRAN CONFLICT NEARS ONE MONTH, FORMER NEC DIRECTOR WARNS

The negotiations, he noted, are taking place indirectly through intermediaries, even as both sides publicly signal conflicting positions about whether talks are happening at all.

Keane emphasized that U.S. and Israeli military leaders are confident they could meet their objectives through force if necessary, including reopening key shipping lanes and eliminating Iran’s ability to sustain attacks.

“If we can do that through negotiations… And we absolutely are confident that it’s real… It remains to be seen,” Keane said.

ENERGY PRICES COULD FALL ‘PRETTY SIGNIFICANTLY’ IF IRAN DEAL REACHED, ENERGY SECRETARY SAYS

He added that Iran’s motivations in any deal would likely center on regime survival, economic recovery and sanctions relief, raising further questions about how much the regime is willing to concede.

“We’ll see what this deal really entails when we get down to the specifics,” he said.

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

A New Mexico jury on Tuesday ordered Meta to pay $375 million after finding the company violated state law by misleading users about the safety of its platforms and allegedly enabling child sexual exploitation.

Jurors found the Facebook and Instagram parent company violated New Mexico’s consumer protection law following a lawsuit brought by Attorney General Raul Torrez, who accused Meta of failing to protect children from predators.

“The jury’s verdict is a historic victory for every child and family who has paid the price for Meta’s choice to put profits over kids’ safety,” said New Mexico Attorney General Raúl Torrez. “Meta executives knew their products harmed children, disregarded warnings from their own employees, and lied to the public about what they knew. Today the jury joined families, educators, and child safety experts in saying enough is enough.”

MARK ZUCKERBERG FACES JURY IN LANDMARK TRIAL OVER ALLEGED YOUTH HARM LINKED TO SOCIAL MEDIA

The verdict marks a major legal win for the state and is believed to be the first time a state has prevailed at trial against a major tech company over claims it harmed children through its platforms, according to the New Mexico State Justice Department.

Ticker	Security	Last	Change	Change %
META	META PLATFORMS INC.	592.92	-11.14	-1.84%

The lawsuit, filed in 2023 by the state, alleged Meta created a “breeding ground” for child predators and misled users about safety protections on Facebook, Instagram and WhatsApp.

APPLE IMPLEMENTING AGE VERIFICATION TOOL TO ENSURE USERS ARE 18 AND UP FOR SOME APPS

The $375 million penalty is significantly lower than the roughly $2.1 billion New Mexico officials had sought, though the jury awarded the maximum allowed under state law of $5,000 per violation.

Meta said it disagrees with the verdict and plans to appeal.

META RESEARCHER WARNED OF 500K CHILD EXPLOITATION CASES DAILY ON FACEBOOK AND INSTAGRAM PLATFORMS

“We respectfully disagree with the verdict and will appeal,” a Meta spokesperson told FOX Business in a statement. “We work hard to keep people safe on our platforms and are clear about the challenges of identifying and removing bad actors or harmful content. We will continue to defend ourselves vigorously, and we remain confident in our record of protecting teens online.”

GET FOX BUSINESS ON THE GO

The case is separate from a high-profile Los Angeles trial over claims social media platforms contribute to youth addiction.

Netflix announced Tuesday that production has officially begun on “Bridgerton” Season 5, with Hannah Dodd and Masali Baduza stepping into the spotlight as the season’s central romantic pair: the widowed Francesca Bridgerton (now Stirling) and Michaela Stirling, in a storyline that promises to explore second chances at love and unexpected passion in Regency-era London.

The streamer released a short video and first-look images showing Dodd and Baduza in costume fittings and on set outside London, accompanied by the declaration: “Do not fret, dearest readers, for a certain countess shall find love again.” Showrunner Jess Brownell, along with Dodd and Baduza, previewed the upcoming love story in a Tudum feature published the same day.

Netflix renewed the hit Shondaland series for Seasons 5 and 6 simultaneously in May 2025, well before Season 4 premiered in January 2026. The announcement, styled as a Lady Whistledown column, promised fans two more seasons of the lavish Regency romance adapted from Julia Quinn’s novels. Season 4, which focused on Benedict Bridgerton (Luke Thompson) and Sophie Baek (Yerin Ha), concluded its run earlier this year, leaving viewers eager for the next chapter in the Bridgerton family saga.

Season 5 centers on Francesca, the quiet and introspective middle daughter of the Bridgerton clan. Two years after the sudden death of her husband John Stirling, the Earl of Kilmartin, Francesca contemplates re-entering the marriage mart for practical reasons — primarily to secure an heir and stability. But when John’s cousin Michaela Stirling arrives in London to manage the family estate, Francesca finds her carefully laid plans upended by complicated new feelings.

The pairing represents a gender-swapped adaptation of Quinn’s sixth novel, “When He Was Wicked,” in which Francesca falls for her late husband’s cousin Michael. Brownell and the creative team have leaned into inclusive storytelling, building on earlier hints planted in Seasons 3 and 4 that set up Francesca’s arc. Dodd, who took over the role of Francesca in Season 4, and Baduza, introduced as Michaela, have already begun filming key scenes, with costume fittings helping them delve deeper into their characters’ emotional worlds.

Filming is underway at locations outside London, continuing the series’ tradition of grand estates, ballrooms and gardens that transport viewers to the ton. Brownell has emphasized a desire to accelerate the production schedule. Scripts for Season 5 are largely complete, with the writers’ room having wrapped earlier, and the team aims to shorten the gap between seasons. Previous installments have typically taken about 18 to 24 months from filming start to release, suggesting a potential premiere in late 2027 or early 2028, though Netflix has not yet confirmed a date.

The ensemble cast is expected to return in supporting roles. Claudia Jessie as Eloise Bridgerton, Ruth Gemmell as Violet Bridgerton, Adjoa Andoh as Lady Danbury, Golda Rosheuvel as Queen Charlotte, and Julie Andrews as the voice of Lady Whistledown will likely appear, along with other familiar faces from the Bridgerton and Featherington families. Brownell has confirmed that Seasons 5 and 6 will focus on Eloise and Francesca in some order, leaving open the possibility that Eloise’s story — drawn from the fifth book, “To Sir Phillip, With Love” — could follow in Season 6.

Executive producer Shonda Rhimes, who discovered Quinn’s books while ill and built the “Bridgerton” universe into a global phenomenon, has described the series as more than steamy romance. She views it as a “workplace drama” set in a world where women’s value is tied to marriage, with mothers acting as colleagues navigating power dynamics. Rhimes has teased future spinoffs, including a potential story centered on Violet Bridgerton’s own romance with Edmund, though no formal plans have been announced.

“Bridgerton” exploded onto Netflix in 2020, becoming one of the streamer’s most-watched titles and sparking a cultural craze for Regency fashion, string-quartet covers of pop songs and scandal-filled gossip. The show has consistently delivered high production values, diverse casting and emotionally resonant love stories that blend humor, heartache and heat. Season 4’s Benedict-Sophie arc, with its Cinderella-inspired elements, maintained strong viewership despite some mixed fan reactions to pacing.

For Season 5, Brownell has promised a “super romantic” tone while honoring the deeper themes of grief, desire and self-discovery in Francesca’s journey. A time jump may feature to allow the story’s emotional layers to unfold, mirroring the book’s structure that spans years. The introduction of Michaela adds fresh chemistry and representation, building on the series’ commitment to evolving beyond strict adherence to source material chronology.

Fans have reacted with excitement mixed with anticipation on social media. Some celebrate the gender-swapped storyline as a bold, modern take, while others debate whether Eloise’s more outspoken personality might have fit better as the immediate follow-up to Benedict. Regardless, the confirmation that production has started signals momentum after the long wait following Season 4.

Netflix has not released a trailer or detailed plot synopsis beyond the initial announcement, but early images show Dodd and Baduza in elegant period attire, hinting at the visual splendor audiences have come to expect. Costume designers, set decorators and the hair-and-makeup team are once again tasked with creating the lush world that has defined the show’s aesthetic.

Looking further ahead, Season 6 is already in early development, ensuring the Bridgerton siblings — including remaining younger ones Hyacinth and Gregory — will eventually all receive their moments in the spotlight. Rhimes has mused about potentially eight seasons, one for each sibling, though nothing is guaranteed.

As cameras roll outside London, “Bridgerton” Season 5 continues the franchise’s reign as Netflix’s flagship period drama. With Francesca and Michaela’s story taking center stage, the series promises another chapter filled with longing glances, whispered scandals and the timeless question of whether love can bloom again after loss.

Dearest readers, the ton awaits. Production on Season 5 is just beginning, but the promise of new romance — and perhaps a few surprises from Lady Whistledown — already has fans counting the days until the next glittering season arrives.