•The U.S. and Iran reached a tentative 60-day MOU to extend the ceasefire and begin formal nuclear negotiations.
•The MOU guarantees unrestricted shipping in the Strait of Hormuz and the removal of Iranian mines within 30 days in exchange for a gradual lifting of the U.S. naval blockade.
•The agreement awaits final approval from President Trump, who has requested several days to review the proposal.
•Erasca shares dropped by $9.25 (-48%), wiping out $2.8 billion in market capitalization.
•The company is facing a legal challenge from competitor Revolution Medicines regarding intellectual property claims for its lead product candidate, ERAS-0015.
•The China Securities Regulatory Commission (CSRC) cracked down on Tiger Brokers, Futu, and Long Bridge Securities for facilitating unregulated overseas trading.
•The three firms manage approximately $32 billion for mainland clients, and these accounts are now banned from making new purchases for two years.
•The measures aim to force investment flows into official regulated channels like Stock Connect and Wealth Management Connect.
•Dell rose about 4% to ~$318 (close May 28, 2026) after an earnings beat; the company also won a $9.7 billion Pentagon software contract alongside Microsoft.