•REalloys (NASDAQ: ALOY) has been conditionally selected to operate rare earth processing facilities at the Tooele Army Depot as part of Executive Order 14241.
•Torrential rains from a passing typhoon shut down a swathe of southern Taiwan on Friday, leaving more than five million people off work or school and flooding severing a section of a main rail line.
•ON Semiconductor said Synaptics's AI compute platform, human-machine interface technology, and connectivity solutions would help it meet demand for increasingly capable AI solutions that can interact with the physical world.
•Apple stock had its worst session in more than a year as management made its first official move to pass higher memory costs onto consumers via price hikes on Mac and iPad.
•The US Supreme Court ruled in favor of Bayer, providing legal cover against approximately 200,000 Roundup cancer lawsuits.
•John Durnell, who used Roundup for 20 years and developed cancer, had won a $1.25M verdict, but the ruling now closes the courthouse door for such claims.
•FedEx Freight expects revenue to grow 4% to 6% for the period June 1 to December 31, with the outlook reflecting confidence in the underlying strength of the business.
•American Express (AXP) released its 2026 DFAST results and will remain subject to the current 2.5% Stress Capital Buffer requirement through September 30, 2027.
•The S&P 500 on Thursday finished on the cusp of a critical support line that, if broken, could portend more losses for stocks in the coming days and weeks.
•Bitcoin reached new 2026 lows as spot BTC ETF outflows, a bearish monthly options expiry, and Strategy's unrealized losses widened its gap with AI-connected stock returns.
•Invesco, a trillion-dollar asset manager, plans to launch a tokenized fund investing primarily in U.S. Treasuries, repo agreements, and cash equivalents to maintain a stable $1 net asset value.
•Chinese Foreign Minister Wang Yi signaled in a New Delhi meeting that Beijing will continue providing assistance to Iran and support reconstruction and peacebuilding in the region.
•Nikkei Asia reported that China aims to leverage the vacuum in the Middle East to expand its economic and diplomatic footprint and secure access to Iranian oil reserves.