•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.
•The U.S. announced expansion of an alternate route along Oman's coast to accommodate inbound and outbound traffic after exchanging attacks with Iran over the Strait of Hormuz.
•The U.S. Federal Communications Commission expanded restrictions on Chinese telecom and surveillance equipment to include older models from Huawei, ZTE, and other companies.
•The Baltic states urged the EU to accelerate the ban on Russian oil imports after the closure of the Strait of Hormuz stalled talks due to energy supply concerns.
•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.
•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.
•Apple is lobbying the Trump administration for clearance to buy memory chips from ChangXin Memory Technologies, a Chinese company blacklisted by the Pentagon, the Financial Times reported.
•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.
•TSMC and Amkor have formed a 10-year partnership to enhance advanced semiconductor packaging and testing in Arizona, aiming to strengthen the US supply chain and meet demand for HPC and AI.
•Assenagon Asset Management S.A. reduced its holdings in Las Vegas Sands Corp. by 50.4% in the first quarter of 2026, selling over half a million shares.
•Las Vegas Sands reported Q1 2026 earnings that beat analyst estimates, with revenue growth of 25.3% year-over-year.
•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.
•International Paper (IP) announced plans to close three plants in North America and end preprint operations at its Richwood, Kentucky facility by the end of Q3 2026.
•International Paper's estimated fair value is around $39.36, suggesting it is 1.5% undervalued based on future cost reductions and market share gains.
•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.
•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).
