Honeywell is acquiring Johnson Matthey's catalyst technologies arm for £1.8 billion. Investor Steven Wood failed in his bid for a Swatch Group board seat. Jony Ive's AI startup, io, was acquired by OpenAI for $6.4 billion, bringing Ive into a design role. Donald Trump is considering an executive order to allow private equity investment in 401k retirement plans, a move opposed by some due to risks to retail investors. Elliott Management secured two board seats at Phillips 66 after a campaign for improved performance.

Prepared by Christopher Adams and reviewed by editorial team.