•The U.S. military struck Iranian missile and drone storage locations and coastal radar sites after President Trump accused Iran of violating a ceasefire by launching drone attacks aimed at ships in the Strait of Hormuz.
•The U.S. FDA declined to approve Lantheus Holdings' diagnostic imaging kit for cancer tumors due to unresolved manufacturing conditions at a third-party facility.
•The Wall Street Journal reports that retailers are rushing to import holiday goods early to avoid new tariffs and fuel surcharges, sparking competition for container ship space.
•The latest Kitco News Weekly Gold Survey showed bears still the preponderant force on both Wall Street and Main Street, with a dwindling minority of both camps expecting gains next week.
•Geely's Lotus EVs will arrive in Canada in July under an agreement between PM Mark Carney and President Xi Jinping, China's ambassador to Canada said.
•GQG Partners believes the current AI spending surge is a market bubble similar to past telecom and shale oil booms.
•Portfolio manager Brian Kersmanc argues capital deployments are based on unproven future demand with weak visibility into long-term returns.
•Evidence includes potential price wars, slowing gains in large language models, and questionable accounting practices by companies like Meta Platforms.
•Glancy Prongay Wolke & Rotter LLP filed a class action lawsuit against Futu Holdings Limited in the U.S. District Court for the Southern District of New York on behalf of investors who purchased the company's securities between May 24, 2023 and May 27, 2026.
•Monopar's ALXN1840 showed significant neurologic and global clinical improvements versus standard of care in a Phase 3 trial for Wilson disease, with plans to submit an NDA to the FDA in mid-2026.
•Ryanair announced it will end its mandatory $10.70 fee for families to sit together, following an investigation by the UK's Competition and Markets Authority.
•Saks Global emerged from Chapter 11 bankruptcy after nearly five months under a new ownership structure and corporate name with a smaller store footprint and lower debt.
•S&P Dow Jones Indices announced two changes to the S&P SmallCap 600 index: Gulfport Energy will replace Select Medical Holdings on July 1, 2026, and Mobility Global will replace Core Laboratories on July 2, 2026.
•Core Laboratories is removed as it is no longer considered representative of the small-cap market space, while Mobility Global is added following its spin-off from S&P Global Inc.
•Shareholders of Information Services Corporation (ISC) approved an all-cash transaction at CAD$51.00 per share by a wholly-owned subsidiary of Plenary Americas LP.
•The transaction also received court approval under The Business Corporations Act, 2021 (Saskatchewan).
•The Public Utilities Commission of Ohio (PUCO) approved National Fuel Gas (NFG)'s acquisition of the natural gas distribution business of Vectren Energy Delivery of Ohio for $2.62 billion.
•The transaction is expected to close in the fourth quarter of calendar 2026, subject to customary closing conditions.
•AES stockholders voted to approve the acquisition by a consortium including Global Infrastructure Partners (BlackRock), EQT Infrastructure VI, CalPERS, and QIA.