Space & Capital Markets: Elon Musk became the world’s first trillionaire as SpaceX’s Nasdaq debut surged, with the IPO valuing the company around $2.2tn and shares closing near $161. Semiconductors & Inputs: Japan warned of potential tungsten hexafluoride supply disruptions as export curbs tighten availability, threatening AI chipmaking timelines. Industrial Policy & Trade: India’s Budget 2026-27 cut customs duties on thousands of industrial inputs and machinery lines to lower costs and boost imports, while also exempting cancer-treatment raw materials. Manufacturing Competitiveness: A report says India’s labour productivity gap with China has widened by over $30,000 per worker since 2000, highlighting the need for industry-led productivity gains. Cleanrooms & Electronics Buildout: Sterling and Wilson teamed with South Korea’s Shinsung E&G to bid on semiconductor, battery and display cleanroom projects in India. Pharma Manufacturing: Concord Biotech cleared a Brazilian ANVISA inspection at its Limbasi API facility, while Eugia Pharma received US FDA OAI classification for a Telangana formulation site. Skills & Clusters: Andhra Pradesh’s Nara Lokesh pushed industry-academia links and plans a comprehensive skill portal, alongside industrial cluster development. Defense Industrialization (India): Andhra Pradesh backed a Rs 2,245-crore defence cluster in Udayagiri spanning drones, defence electronics and aerospace components. Energy Manufacturing: Hitachi Energy is investing about INR 2,000 crore in a large power transformer factory in Gujarat to expand local capacity for grid buildout.