•Patrick Witt, a member of the President's Council of Advisors for Digital Assets, confirmed that an announcement regarding a Strategic Bitcoin Reserve is coming.
•Deputy Chief Harry Jung is leading the charge on the Strategic Bitcoin Reserve through an interagency process triggered by President Trump's executive order.
•The oil and gas crunch caused by the war between the U.S., Israel, and Iran has cost global businesses $25 billion to date.
•As many as 279 companies cited the war as a reason for defensive actions, including price hikes and production cuts to cushion the blow from soaring energy prices.
•Some companies in the sample opted to suspend dividend payments and share buybacks due to the crisis impacts.
•The UK Medicines and Healthcare products Regulatory Agency (MHRA) granted marketing authorization to VYJUVEK for the treatment of dystrophic epidermolysis bullosa (DEB).
•VYJUVEK is the first genetic medicine approved in the United Kingdom for the treatment of DEB.
•Kahn Swick & Foti, LLC issued a notice to investors regarding the lead plaintiff deadline for class action lawsuits against Super Micro Computer, Inc.
•The lawsuits allege a scheme to divert servers with U.S. AI technology to China, violating export control laws between February 2024 and March 2026.
•Bitcoin Depot (BTM) announced it has initiated a voluntary Chapter 11 process to effect an orderly wind-down of operations and facilitate an asset sale.
•Madison Square Garden Sports Corp. filed a confidential initial Form 10 Registration Statement with the SEC for the proposed spin-off of its New York Rangers business.
•The potential transaction would create two distinct publicly traded companies, allowing shareholders to hold separate interests in the Knicks and Rangers businesses.