•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.
•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.
