•President Donald Trump threatened further strikes on Iran and stated the U.S. would take control of Kharg Island, the country's primary oil-export hub.
•Oil prices climbed toward session highs following Trump's comments about taking control of Iranian oil and gas markets.
•The UK's Medicines and Healthcare products Regulatory Agency (MHRA) approved Wegovy pill (semaglutide tablets) as the first daily oral treatment for weight management.
•Novo Nordisk anticipates the Wegovy pill will be available via private prescription in the UK within weeks.
•Elliott Investment Management escalated pressure on Australian gold miner Northern Star Resources, urging a strategic review including potential sale options.
•Hooker Furnishings reported operating results for its fiscal 2027 first quarter ended May 3, 2026, maintaining profitability despite market challenges.
•Prudential PLC shares rose 4% after UBS stated the recent sell-off already reflects a worst-case outcome from concerns over Chinese money flows into Hong Kong.
•A law firm urged FS KKR Capital shareholders who suffered losses to join a class action lawsuit alleging securities fraud.
•The lawsuit alleges the company made misleading statements regarding portfolio restructuring, valuations, and distribution strategy between May 2024 and February 2026.
•Berger Montague announced a June 15, 2026, deadline for investors to seek lead plaintiff status in a securities fraud lawsuit against Babcock & Wilcox.
•A class action lawsuit was filed against Erasca, Inc. and its executives for allegedly misleading investors regarding its lead oncology drug candidate ERAS-0015.
•The United States became the world's largest oil exporter, surpassing Saudi Arabia and Russia, with exports reaching 10.5 million barrels per day in May.
•Dana announced a definitive agreement to combine with Eaton's Mobility business in a transaction valued at approximately $5.1 billion.
•The deal is structured as a Reverse Morris Trust, resulting in Eaton shareholders owning 50.1% and Dana shareholders owning 49.9% of the combined company.
•The combined company is expected to generate approximately $11 billion in sales and achieve $250 million in run-rate synergies within 24 months.
•Copley Acquisition Corp entered into a definitive business combination agreement with Ignite Proteomics, a leader in protein analytics for precision oncology.
•UAE-based ASK Group and U.S. blockchain firm Keeta have partnered to launch a public exchange for trading physical assets as fractional digital tokens.
•Amy Oldenberg, digital asset strategist at Morgan Stanley, stated that a $1 million Bitcoin price is possible over the long term.
•Oldenberg expects Bitcoin growth to be gradual, driven by institutional adoption and financial infrastructure maturity rather than sudden price surges.