•The US Supreme Court ruled against Saba Capital in the FSCO lawsuit, limiting private party legal recourse and easing pressure on closed-end fund managers.
•Trump and Iranian President Pezeshkian signed a 14-point memorandum of understanding on June 17 that includes removal of all US sanctions on Iran on an agreed schedule.
•SeekingAlpha upgraded REGENXBIO to 'Strong Buy' following FDA's course reversal for rare disease therapies, supporting the resubmission of the NAVSUNLI Biologics License Application in Q3 2026 without new study requirements.
•SLB Limited (NYSE:SLB) has received a consensus 'Moderate Buy' rating from 23 brokerage firms, with an average 12-month price target of $60.83.
•Several analysts raised their price targets for SLB following strong quarterly earnings that slightly exceeded estimates, and the company announced a quarterly dividend.
•Herc Holdings Inc. is rated Strong Buy with a one-year price target of $251.50, driven by the H&E acquisition and expansion into specialty rentals for data center construction.
•Reports indicate that the SpaceX IPO drew investor attention to the broader space economy, including Intuitive Machines (LUNR), which posted record revenue and a US$1.1 billion backlog.
•Wells Fargo analyst Jason Kupferberg reaffirmed a Buy rating on Affirm Holdings with an $89 price target.
•William Blair also reiterated an Outperform rating, highlighting Affirm's growing market share in buy now, pay later and potential for US card market leadership.
•Phillip Securities reiterated a Buy rating on Adobe (ADBE) with a $385 price target, citing revenue and earnings growth from Creative Cloud Pro adoption and expanding Firefly and Express users.
•The Bank for International Settlements warned that global pressures from rising public debt, financial fragilities, and the sustainability of the AI boom are increasing risks, requiring disciplined policymaking.
•The BIS identified the sustainability of the AI boom, financial vulnerabilities, strained public finances, and the return of inflation as key global economic pressure points.
•The report stated that record-high public debt and highly-leveraged hedge funds create a new sovereign-financial stability nexus and pose growing financial stability risks.
