alvarez/E+ via Getty Images Venture Global ( VG ) up 0.9% post-market Thursday after saying it is expanding its long-term liquefied natural gas supply agreement with Greece's Atlantic-SEE LNG Trade, bolstering central and eastern European energy security. Under the revised agreement, the Greek joint venture will now take at least 1M metric tons/year of LNG from Venture Global ( VG ) from 2030 ...
alvarez/E+ via Getty Images Venture Global ( VG ) up 0.9% post-market Thursday after saying it is expanding its long-term liquefied natural gas supply agreement with Greece's Atlantic-SEE LNG Trade, bolstering central and eastern European energy security. Under the revised agreement, the Greek joint venture will now take at least 1M metric tons/year of LNG from Venture Global ( VG ) from 2030 for 20 years, doubling volumes f rom a prior minimum of 500K tons/year. Venture Global ( VG ) said the expanded deal builds on its previously announced investment in regasification capacity at the Alexandroupolis LNG import terminal in Greece , which currently accounts for ~25% of the terminal's total capacity, positioning the facility as a gateway for U.S. gas into southeastern Europe. The Alexandroupolis LNG FSRU receiving terminal and South-North "Vertical Corridor" will be essential to enhancing European energy security by providing a new route to bring U.S . natural gas into the region, the companies said. More on Venture Global Venture Global Has Incredibly Strong Growth Potential Venture Global: Don't Fear Normalizing LNG Prices Venture Global Q1 2026 Earnings Call Presentation
Lockheed Martin ( LMT ) received a $514.4M contract modification for the production of Space Vehicles 23 and 24 under an existing program. The update lifts the total contract value to $4.68B, up from $4.17B. The work will be carried out in Littleton, Colorado, with completion expected by Nov. 30, 2032. The full $514.4M in Fiscal 2026 procurement funds has been obligated at the time of award, confi...
Lockheed Martin ( LMT ) received a $514.4M contract modification for the production of Space Vehicles 23 and 24 under an existing program. The update lifts the total contract value to $4.68B, up from $4.17B. The work will be carried out in Littleton, Colorado, with completion expected by Nov. 30, 2032. The full $514.4M in Fiscal 2026 procurement funds has been obligated at the time of award, confirming near-term funding visibility. The deal is managed by the Space Systems Command’s Satellite Communications and Positioning. More on Lockheed Martin Boeing And Lockheed: SpaceX Hype Isn't Needed For These Buys Lockheed Martin: Time To Pull The Trigger (Upgrade) Lockheed Martin Corporation (LMT) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Trump expected to press defense executives on missile production amid stockpile concerns Taiwan tests U.S.-made missiles on China-facing coast in signal to Beijing
Amazon's rolling out a free software update for Echo Hub devices that gives the home screen a much-needed update to the software it launched with in 2024 . It had already added Alex Plus AI support, but the new interface has a cleaner, fully customizable layout that fits more smart home info and controls on the screen than the previous version. The Echo Hub is also getting access to Ring AI's Vide...
Amazon's rolling out a free software update for Echo Hub devices that gives the home screen a much-needed update to the software it launched with in 2024 . It had already added Alex Plus AI support, but the new interface has a cleaner, fully customizable layout that fits more smart home info and controls on the screen than the previous version. The Echo Hub is also getting access to Ring AI's Video Search feature that lets you use natural language to search through your smart home camera footage, as well as Alexa Plus summaries of detected camera events. These are the five new features Amazon highlighted for the Echo Hub: Organize by ro … Read the full story at The Verge.
Oil extended declines after President Donald Trump said a peace deal with Iran could be signed as soon as the weekend following two days of US military strikes that cast doubt over progress to end the war. West Texas Intermediate fell almost 3% at the open toward $85 a barrel after closing 2.6% lower on Thursday. Brent settled near $90. Trump vowed to hit Iran again and threatened to seize its oil...
Oil extended declines after President Donald Trump said a peace deal with Iran could be signed as soon as the weekend following two days of US military strikes that cast doubt over progress to end the war. West Texas Intermediate fell almost 3% at the open toward $85 a barrel after closing 2.6% lower on Thursday. Brent settled near $90. Trump vowed to hit Iran again and threatened to seize its oil infrastructure , before announcing attacks were off and a deal was close, without confirmation from Tehran. The US president has previously insisted an agreement with Iran was within reach dozens of times, but none has yet materialized. The war has led to the near-total closure of the Strait of Hormuz , choking off crucial supplies of crude, fuels and natural gas to global customers, while stoking inflation. Iran has not yet approved any text for an agreement with the US, the semi-official Fars news agency reported. The American military launched strikes against the Islamic Republic early Thursday after Trump accused the country of dragging out talks on an interim peace deal. Trump told reporters in the Oval Office that a signing could take place as soon as this weekend in Europe and that Vice President JD Vance would attend if it materializes. He also said Iran’s supreme leader had agreed to a deal, though he cautioned the pact was not finalized. To get Bloomberg’s Energy Daily newsletter in your inbox, click here . WTI for July delivery was 2.5% lower at $ 85.50 a barrel at 6:04 a.m. in Singapore. Brent for August settlement closed 2.9% lower at $90.38 a barrel on Thursday.
AMC Entertainment (NYSE:AMC), which operates movie theaters worldwide, closed Thursday at $2.29, up 9.86%. The stock moved higher after news broke that AMC completed a $150 million at-the-market equity offering. Investors are watching to see whether stronger box-office trends sus
AMC Entertainment (NYSE:AMC), which operates movie theaters worldwide, closed Thursday at $2.29, up 9.86%. The stock moved higher after news broke that AMC completed a $150 million at-the-market equity offering. Investors are watching to see whether stronger box-office trends sus
Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world's first trillionaire. At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured, Musk has managed to retain a loyal following despite his...
Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world's first trillionaire. At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured, Musk has managed to retain a loyal following despite his stratospheric net worth and without the folksy persona that endeared other tycoons such as Warren Buffett to the masses. While admirers view Musk's no-filter style as part of his appeal, critics have accused him of wielding oligarch-like power, raised concerns about governance at his companies and objected to his increasingly partisan political interventions.
Stocks in Asia were set to advance Friday, tracking a rally on Wall Street after President Donald Trump said the US was nearing an agreement with Iran, raising hopes for a diplomatic end to a conflict that has rattled global markets. Equity-index futures for Japan, Australia and Hong Kong pointed to gains at the open. Contracts on US stocks edged higher after the S&P 500 rose 1.8% and the Nasdaq 1...
Stocks in Asia were set to advance Friday, tracking a rally on Wall Street after President Donald Trump said the US was nearing an agreement with Iran, raising hopes for a diplomatic end to a conflict that has rattled global markets. Equity-index futures for Japan, Australia and Hong Kong pointed to gains at the open. Contracts on US stocks edged higher after the S&P 500 rose 1.8% and the Nasdaq 100 jumped 3.3% on Thursday. The Philadelphia Semiconductor Index surged nearly 8%, leading a broad risk-on move across technology shares. SpaceX raised $75 billion , making history with the biggest-ever IPO. West Texas Intermediate crude fell 2% in early trading after Brent oil slid over 4% on Thursday as Trump pulled back threatened military attacks against Iran, citing “discussions” that “have been brought to the highest level of Iranian leadership” for a negotiated end to the war. He said a signing could take place as soon as this weekend in Europe with Vice President JD Vance in attendance. Treasuries rallied on Thursday, sending yields lower across the board, as oil dropped. The dollar also weakened broadly. The latest push for a deal has buoyed risk sentiment by raising hopes that a widening Middle East conflict can be avoided and attention shifted back to strong earnings and the AI-driven rally. Investors see a de-escalation as removing a major source of uncertainty for markets and reducing the threat of energy-supply disruptions that have driven volatility in oil. “While the path toward a resolution is likely to be uneven, our base case is that diplomacy ultimately prevails, allowing investors to refocus on resilient economic fundamentals and robust earnings growth,” said Ulrike Hoffmann-Burchardi at UBS Chief Investment Office. Trump’s pullback of threatened military strikes against Iran was a stark reversal that came just hours after he vowed to hit the Islamic Republic “VERY HARD” and threatened to seize its oil infrastructure. Asked whether Iran’s supreme leader...
Andy Andrews/DigitalVision via Getty Images June 11th seems to be a day that fate has determined will be forever important for Dana Incorporated ( DAN ). Last year, on June 11th, news broke that the company decided to sell off its Off-Highway segment in a transaction worth $2.7 billion. This was part of the company's transformation toward a leaner operation focused on long-term growth in core cate...
Andy Andrews/DigitalVision via Getty Images June 11th seems to be a day that fate has determined will be forever important for Dana Incorporated ( DAN ). Last year, on June 11th, news broke that the company decided to sell off its Off-Highway segment in a transaction worth $2.7 billion. This was part of the company's transformation toward a leaner operation focused on long-term growth in core categories. Fast forward exactly a year to the day, and on June 11th of 2026, news broke that Dana Incorporated has agreed to combine with Eaton Mobility, which is part of Eaton Corporation ( ETN ). This is a massive transaction and will, according to management, pave the way for even greater shareholder value creation in the years to come. However, the market hated this development, sending shares down 15.3% in response to the news. I understand why the market is displeased with this development. However, I don't view this in the same light. At worst, I see this as a neutral transaction. And at best, it does offer the opportunity for a bit of additional upside for shareholders in the long run. I have long been bullish about Dana Incorporated, and that bullishness has paid off. Since I last reaffirmed the company as a Strong Buy candidate back in June of last year, shares have rallied 76.3%. The S&P 500 is up 21.4% in that same window of time. And since I originally upgraded it to a Strong Buy in February of 2025, the stock has jumped 93.6%. That dwarfs the 20.1% increase that the market experienced. Even after this big move higher, I would argue that further upside potential exists. And I am not ready to downgrade it just yet. A Transformative Move Dana Incorporated Before the market opened on June 11th, the management team at Dana Incorporated announced that it has decided to combine with Eaton Mobility, which is a subsidiary of Eaton Corporation that serves as a provider of mission-critical and safety-critical engineered solutions involving the commercial and light vehicle m...
Detectives ‘keeping an open mind to the motivation’ of Tuesday’s attack, but believe there is no further threat to the public Police have confirmed that a counter-terrorism unit is leading an investigation into three stabbings at a school in Manchester. A 14-year-old girl was arrested after two students and a staff member were stabbed at the Co-op academy in Blackley on Tuesday morning. Continue r...
Detectives ‘keeping an open mind to the motivation’ of Tuesday’s attack, but believe there is no further threat to the public Police have confirmed that a counter-terrorism unit is leading an investigation into three stabbings at a school in Manchester. A 14-year-old girl was arrested after two students and a staff member were stabbed at the Co-op academy in Blackley on Tuesday morning. Continue reading...
JHVEPhoto/iStock Editorial via Getty Images Amgen ( AMGN ) has procured the services of the Duke Clinical Research Institute, a unit of the Duke School of Medicine, to re-evaluate data from its anti-neutrophil cytoplasmic autoantibody (ANCA)-associated vasculitis drug Tavneos (avacopan) as the US FDA is considering pulling the therapy from the market. The biopharma made the revelation in a June 1 ...
JHVEPhoto/iStock Editorial via Getty Images Amgen ( AMGN ) has procured the services of the Duke Clinical Research Institute, a unit of the Duke School of Medicine, to re-evaluate data from its anti-neutrophil cytoplasmic autoantibody (ANCA)-associated vasculitis drug Tavneos (avacopan) as the US FDA is considering pulling the therapy from the market. The biopharma made the revelation in a June 1 letter to the agency's Center for Drug Evaluation and Research posted on Thursday. In February, Duke began "an independent and fully blinded re-adjudication of primary endpoint results from the ADVOCATE study," per the letter . In April, the FDA proposed withdrawing Tavneos due to safety concerns with Tavneos given potential manipulation of data. CDER identified 76 cases of serious drug-induced liver injury, including vanishing bile duct syndrome associated with Tavneos. "We will review the findings carefully and continue engagement with regulators, investigators and the healthcare community as appropriate," an Amgen spokesperson told Bloomberg , which was the first to report the development. More on Amgen Amgen Inc. (AMGN) Presents at Goldman Sachs 47th Annual Global Healthcare Conference 2026 Transcript Amgen: Time For An Upgrade? Yes, I Think So Amgen Inc. (AMGN) Presents at Jefferies Global Healthcare Conference 2026 Transcript Amgen wins EU approval for Imdylltra in small cell lung cancer Amgen announces CFO transition
JHVEPhoto General Motors Defense ( GM ) announced on Thursday it won a $143M firm-fixed-price U.S. Army contract for infantry squad vehicles and winch kits. Following the deal, the total cumulative value of the contract reaches $623.8M. The work locations and funding will be assigned separately under each order, with an estimated completion date of June 24, 2027. The contract is awarded by Army Co...
JHVEPhoto General Motors Defense ( GM ) announced on Thursday it won a $143M firm-fixed-price U.S. Army contract for infantry squad vehicles and winch kits. Following the deal, the total cumulative value of the contract reaches $623.8M. The work locations and funding will be assigned separately under each order, with an estimated completion date of June 24, 2027. The contract is awarded by Army Contracting Command. More on General Motors Optimism For General Motors Shares Contains A Flaw: The United Auto Workers Union General Motors: The Q2 Setup Looks Too Good To Ignore General Motors: A Compelling Valuation Story Despite Macro Volatility General Motors pivots battery strategy, puts LMR ahead of widely used LFP - report General Motors ramps up energy storage to power AI data center growth
The stuck narrator records the minutiae of the forest and her harrowing life in a purposeful novel that demands a slow read but doesn’t always reward it A large branch falls to the forest floor one morning. Moments later, a woman named Nellika returns to consciousness. “Belly-down, cheek jammed against dirt, trunks horizontal, the track’s edge a disorienting vertical. She had opened her eyes to th...
The stuck narrator records the minutiae of the forest and her harrowing life in a purposeful novel that demands a slow read but doesn’t always reward it A large branch falls to the forest floor one morning. Moments later, a woman named Nellika returns to consciousness. “Belly-down, cheek jammed against dirt, trunks horizontal, the track’s edge a disorienting vertical. She had opened her eyes to the world on its side.” The branch struck her across the back, and now she is trapped, in great pain. “How could it be a tree that had done this to her?” she wonders. This event inaugurates the two timelines of Ilka Tampke’s new novel, How to Love the World. The first is the slow tick of the clock; subheadings record the time as it passes, with the tension of the novel achieved through the slow unfurling of this day. Will Nellika be able somehow to free herself? Will a prince appear? The novel is narrated in a very intimate third person, so there are no hints to the reader whether or not this is a survivor’s tale. I won’t puncture that suspense here. Continue reading...
One Forgotten Housing Supply-Side Lever Could Unfreeze Affordability Rental affordability remains far superior to mortgage affordability, with the U.S. 30-year fixed mortgage rate trending around 6.5% in early June. With home prices still at record highs, last week's housing report showing sellers pulling listings at a near-record pace as buyers balk at prices is yet another warning sign that the ...
One Forgotten Housing Supply-Side Lever Could Unfreeze Affordability Rental affordability remains far superior to mortgage affordability, with the U.S. 30-year fixed mortgage rate trending around 6.5% in early June. With home prices still at record highs, last week's housing report showing sellers pulling listings at a near-record pace as buyers balk at prices is yet another warning sign that the frozen housing market remains well intact. The Trump administration's affordable housing strategy focuses on market deregulation, expanded homeownership, stricter citizenship requirements for federal housing assistance, and Fannie Mae and Freddie Mac purchasing $200 billion of their own mortgage-backed securities to artificially lower mortgage rates and increase home affordability. Even with all that, the housing market remains locked in a deep freeze into early summer, as the math for prospective homebuyers just does not add up , largely due to a housing shortage. JPMorgan analysts recently said that the current housing shortage of around 2.8 million homes could take about 10 years to resolve. That is simply not enough time for the Trump administration to make good on its promise to unfreeze the market, as younger generations are forced into rentals. But there is good news: Goldman analysts led by Arun Manohar outlined that manufactured housing remains one of the most underused affordability tools , as the estimated housing shortage is well north of 3 million and as high as 4 million homes. Manohar pointed out that shipments of manufactured homes averaged about 265,000 units annually before 2000, but plunged to around 80,000 per year since 2010 after the 1990s boom ended in delinquencies, tighter lending standards, and more zoning restrictions. " One approach for increasing the supply of homes at more affordable price points is to promote access to manufactured housing ," Manohar wrote in the report last week. Manufactured homes now account for about 6% of owner-occupied U...