Business News Update — June 07, 2026 6 PM Eastern

Clockwise Business News — Quantum computing advancements continue to capture headlines, with Microsoft unveiling a new chip redesigned with AI that could bring useful quantum machines by 2029. This is Clockwise business news, 6:30 PM Eastern. The new target date places Microsoft on par with rival IBM, which also aims for commercially useful quantum computers by 2029, investing $10 billion in the technology. This signifies an accelerated race in quantum development across the industry. Microsoft's breakthrough involves a new chip, Majorana 2, utilizing lead instead of traditional superconducting wires.