•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 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.
•The United States and India signed an agreement to secure the mining, processing, and supply of critical minerals and rare earths to reduce reliance on China.
•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.
•Red Cat Holdings stock surged over 22% following reports that the Trump administration is discussing financial support and equity stakes for domestic drone companies.
•A U.S. District Court denied a bid by the California Department of Parks and Recreation to stop Sable Offshore Corp from moving oil on a disputed pipeline.
•NextEra Energy continues to attract investor attention due to its dual business model combining regulated utilities with renewable energy development.
•Super Micro Computer announced collaboration with Taiwanese authorities to prevent the illicit diversion of its advanced server systems into the restricted China market.
•A securities class action lawsuit was filed against Veritone (VERI) on behalf of investors who acquired securities between October 2025 and April 2026.
•The lawsuit follows the company's admission that previously filed financial statements should no longer be relied upon due to improper revenue accounting.
•A jury in the U.S. District Court for the District of Massachusetts delivered a verdict in favor of Abiomed in a patent dispute against Getinge's subsidiary Maquet.
•The jury found that Abiomed did not infringe any Maquet patents relating to intravascular heart pump technology.
•The Georgia Public Service Commission approved a plan to lower overall rates and deliver approximately $50 in annual savings for typical residential customers.
•JetBlue announced its intent to launch nonstop service between Fort Lauderdale-Hollywood International Airport and Simón Bolívar International Airport in Venezuela.
•Military Metals received a decision from the Slovak Ministry of Environment cancelling its exploration license for the Trojarova Antimony-Gold Project.
•TMC USA's exploration license application for the USA B area has been formally certified by the U.S. National Oceanic and Atmospheric Administration (NOAA).
•The USA B application area covers approximately 122,000 km2 and hosts an estimated 1.02 billion tonnes of polymetallic nodules.
•Tamboran Resources Corporation has completed the acquisition of subsidiaries of Falcon Oil & Gas Ltd.
•The acquisition provides the combined company with the largest acreage position in the Beetaloo Basin, totaling approximately 2.8 million net prospective acres.
•Tevogen Bio Holdings announced progress on strategic acquisition initiatives that could realize approximately $100 million in combined annual revenue if completed.