•The Trump administration threatened sanctions and military action against Oman over alleged plans to join Iran in tolling vessels in the Strait of Hormuz.
•Oman denies plans for tolling and emphasizes its readiness to work with the US to promote regional stability.
•Destination XL Group announced it is reevaluating its merger agreement with FullBeauty Holdings due to a challenging consumer environment and FullBeauty's debt.
•Functional Brands shareholders voted to authorize a reverse stock split, clearing a key condition to close its $142.9 million acquisition of BullionFX.
•PVH, owner of Tommy Hilfiger and Calvin Klein, now expects full-year revenue to stay approximately flat, down from previous guidance of a slight increase.
•Agilent Technologies announced a strategic partnership with OpenAI and Boston Consulting Group (BCG) to integrate AI across its products and operations.
•Newmont Corporation is seeing significant institutional buying interest, with firms like Bank of New York Mellon and Westpac Banking increasing their stakes.
•The company's April 2026 quarterly results exceeded analyst expectations for both earnings and revenue.
•QT Imaging's Breast Acoustic CT scanner received official classification and clearance as a medical device from the Saudi Food and Drug Authority (SFDA).
•Applied Aerospace and Defense announced the pricing of its initial public offering as a manufacturer of mission-critical systems for space and defense.
•SoundHound AI is focusing on developing its own proprietary AI models, including the OASYS platform and Polaris speech model, to gain a competitive edge.
•Prime Minister Sanae Takaichi approved an additional $19.4 billion spending package to cushion the inflation blow from Middle East energy supply disruptions.
•The package includes a $16 billion reserve fund specifically for controlling energy commodity prices and capping gasoline prices at the pump.
•The additional budget will be financed through the issuance of new deficit-financing bonds.
•Treasury Secretary Scott Bessent confirmed to the Senate Finance Committee that the Trump administration is moving forward with a Strategic Bitcoin Reserve.
•Bessent urged Congress to pass the BITCOIN Act and Clarity Act to solidify and expand digital asset efforts.
•The Euro exchange rate declined against the US Dollar following upbeat US economic data that reinforced expectations for a hawkish Federal Reserve stance.
•The Governor of the Central Bank of Barbados, Dr. Kevin Greenidge, issued a monetary policy statement during the Quarterly Monetary Policy Report press conference.