•President Trump signed an executive order urging regulators and the Fed to review granting fintech and crypto firms broader access to core payment infrastructure.
•Sun Communities entered a definitive agreement to sell its UK assets, including Park Holidays, to Aermont Capital affiliates for approximately $1.03 billion in cash.
•German authorities raided Deutsche Bank as part of a money laundering investigation into transactions linked to Roman Abramovich between 2013 and 2018.
•The probe concerns an allegedly late report of suspected money laundering, despite the bank reporting record profits and a new share buyback.
•Mount Sinai, University of Michigan, and University of Kansas hospital systems filed lawsuits against CVS Health alleging manipulation of the federal 340B program.
•The hospitals claim CVS illegally retained over $249 million in savings intended for community health services.
•The Texas Attorney General's Office sued WhatsApp and parent Meta Platforms Inc alleging they misled consumers about the strength and scope of encryption measures.
•The California Capital Programs & Climate Financing Authority adopted an initial resolution for the potential issuance of up to $1.1 billion in tax-exempt bonds for Aemetis projects.
•Workday beat Wall Street estimates for first-quarter revenue, driven by strong demand for its AI-powered finance and human resources software services.
•RenX Enterprises generated over $11 million in consolidated revenue in the 15 months following its June 2025 acquisitions of Resource Group US and Zimmer Equipment.
•Biomass Recycling segment mulch revenue approximately doubled quarter-over-quarter in the first quarter of 2026.
•NextTrip expects to report annual revenue of approximately $3.7 million for the fiscal year ended February 28, 2026, representing over 640% year-over-year growth.
•Fourth quarter preliminary revenue reached approximately $1.6 million, up from $1.2 million in the prior quarter.
•The U.S. Federal Trade Commission fined Cox Media Group and two other companies for falsely claiming they used AI to target ads based on conversations near smart devices.
•Hub Group received a Nasdaq notice for non-compliance with Listing Rule 5250(c)(1) due to its failure to timely file its Form 10-Q for the quarter ended March 31, 2026.
•Varde Partners plans to launch its first Asia-focused private credit fund, aiming to raise $1 billion for investments across India, Australia, and Southeast Asia.
•Greenbrier announced its strong disagreement with a U.S. Customs and Border Protection determination issued on May 18, 2026, under the Enforce and Protect Act.
•The US House of Representatives passed a bill to address affordable housing by making it harder for institutional investors to buy homes for rental purposes.
•The investor ban included in the bill was watered down before its passage in the House.
•The bill faces an uncertain future in becoming law according to some lawmakers.
•The Australian Prudential Regulation Authority warned that domestic private credit institutions are exposed to risks linked to global market developments.
•OSL Group announced the listing of USDKG, a state-supervised gold-backed stablecoin issued by the Kyrgyz Republic, on its licensed Hong Kong exchange.
•Leading cryptocurrencies including Bitcoin, Ethereum, XRP, and Dogecoin rebounded following President Trump's remarks that eased geopolitical tensions with Iran.
•Parker Hannifin announced a definitive agreement to acquire CIRCOR International's commercial and defense aerospace business for $2.55 billion in cash.
•The transaction is expected to close in the second half of calendar year 2026, subject to regulatory approvals.
•The purchase price includes $75 million in tax benefits and represents 18.2x estimated 2026 adjusted EBITDA including expected cost synergies.
•A group of six Democratic senators expressed serious concerns regarding planned foreign ownership interests in the proposed Paramount-Warner Bros. Discovery merger.