• On Semi plummets on buyout: On Semiconductor (ON) plans to purchase Synaptics (SYNA) in an all-stock deal valued at $7B, expanding its edge AI, connectivity, and human-machine interface capabilities. On plunged 14% premarket, though Synaptics gained 5%. Source: WSJ.
• Tech selloff hits Micron: Micron (MU) fell 5% premarket, giving back part of this week's post-earnings surge as a broad AI-driven semiconductor selloff outweighed its strong results and outlook. Source: CNBC.
• Bumble weighs sale: Bumble (BMBL) is mulling a potential sale after slowing growth, declining paying users, and a sharp share-price drop. Though no deal is certain, shares popped 8% on the news. Source: Reuters.
• Mining firms surge on Army deal: The U.S. Army will lease base land to mining companies to build critical-mineral processing plants, aiming to reduce reliance on China and strengthen domestic supply chains. Titan (TII) surged 25% premarket. Source: WSJ.
• Apple sees worst day in over 1 year: Apple (AAPL) fell more than 6% after raising MacBook and iPad prices, in its worst stock performance since April 2025. Source: CNBC.
• SpaceX eyes mobile market: SpaceX (SPCX) is reportedly planning a U.S. Starlink mobile service and may build its own ground-based network, positioning it to compete with major mobile carriers — with speculation that SpaceX may try to buy T-Mobile (TMUS). SpaceX also plans to build an 8-mile Texas natural gas pipeline to fuel Starship launches. Shares fell 1%. Sources: FT / Reuters / Forbes / Reuters.
• Xbox raises prices: Microsoft (MSFT) will raise Xbox prices by $100-$150 starting Aug. 1, citing soaring memory and storage costs. The company also plans financing options as component shortages persist. Shares fell 3.5%. Source: The Verge.
• Polymarket revenue tops $1B: Polymarket achieved annualized revenue above $1B just 6 weeks after opening its U.S. exchange, as World Cup betting drives record trading volumes. Source: CNBC.
• Honda CEO maintains support: Honda (HMC) shareholders reappointed CEO Toshihiro Mibe after he apologized for the automaker’s first annual loss in 70 years, which was driven by EV restructuring costs and tougher Chinese competition. Shares rose 1.6% premarket. Source: Reuters.
• BHP reshapes Americas leadership: BHP (BHP) will split its Americas president role into North and South America posts, appointing Jessica Farrell to lead North America as incoming CEO Brandon Craig sharpens regional focus. Source: Reuters.

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• Polestar forced out of U.S.: The Commerce Department banned Polestar (PSNY) from selling vehicles in the U.S. due to its Chinese ownership. The company will sell remaining inventory and shift its growth focus to Europe. Shares tumbled 6%. Source: CNN.
• Bayer prevails in major court case: The Supreme Court ruled in favor of Bayer (ETR:BAYN) in a high-stakes pesticide case, blocking thousands of lawsuits claiming that Roundup lacked adequate cancer warnings. The decision removes a major legal overhang for the company. Source: AP.
• Chemours settles with feds: The Trump admin. proposed a $480M settlement with Chemours (CC) over chemical pollution, but North Carolina criticized the deal for failing to clean up toxin-laced waterways. Chemours rose 1% yesterday but fell 1% premarket. Source: NY Times.
• Binance exits E.U. market: Binance will stop serving European customers starting July 1 after failing to secure an E.U. crypto license before the deadline, marking a setback as rivals seek to gain market share. Source: FT.
• Former exec sues Meta: Meta (META) is facing a lawsuit from former executive Sarah Wynn-Williams, who claims the company used an invalid arbitration order and coerced severance agreement to silence promotion of her memoir. Source: AP.
• DOJ shifts antitrust strategy: A senior Justice Department official has urged antitrust staff to favor settlements over lengthy trials, suggesting a less aggressive enforcement approach under the Trump administration. Source: WSJ.

• OpenAI delays IPO plans: OpenAI is leaning toward delaying its IPO until 2027 as advisers cite market uncertainty and SpaceX’s (SPCX) post-IPO volatility. CEO Sam Altman is reportedly unwilling to lower the company’s $1T valuation target. Separately, the White House asked OpenAI to limit the release of its latest model over safety concerns. Sources: NY Times / CNN.
• Sinda completes IPO: Silver miner Sinda (SIND) raised $213M in its IPO by pricing 17.75M shares at $12 each, the midpoint of its range. The company begins trading today. Source: Reuters.
• Reformation files for IPO: Fashion retailer Reformation filed for an IPO under ticker REF, seeking to capitalize on a strong IPO market. The company plans to use proceeds to repay debt and repurchase shares. Source: WSJ.

• BlackBerry: BlackBerry (BB) lifted fiscal 2027 revenue guidance after strong Q1 results, citing accelerating embedded software growth and expanding AI opportunities. Revenue rose 26%, beating estimates, and shares surged 20%. Source: WSJ.
• FedEx Freight: FedEx Freight (FDXF) forecast 4-6% revenue growth through December as freight demand improves, though quarterly operating income fell on spinoff costs, weaker shipments, and higher wages. Shares fell 1.2%. Source: Reuters.
• McCormick: McCormick's (MKC) Q2 sales rose 17% to $1.94B, topping estimates. The company reaffirmed full-year guidance as it plans for its combination with Unilever’s (UL) food business, sending shares up 1.6%. Source: WSJ.

• GDP revised higher: The U.S. economy grew at a 2.1% annualized pace in Q1, above the prior 1.6% estimate, as strong AI-driven business investment offset weaker consumer spending. Source: AP.
• Durable goods orders fall: U.S. durable goods orders fell 4.5% in May to $332.1B, slightly worse than forecasts, as transportation demand weakened. Orders excluding transportation rose 1.3%. Source: WSJ.

• Hormuz evacuation paused: The UN has temporarily halted its evacuation of sailors in the Strait of Hormuz after a cargo ship was struck by a projectile, raising renewed security concerns. The U.S. asserted that Iran was responsible for the attack. Source: BBC.
• Conservative victories at SCOTUS: The Supreme Court ruled that the government can turn away asylum seekers before they enter U.S. territory, struck down a Hawaiian law requiring permission to carry firearms onto private property, and terminated deportation protections for Haitian and Syrian migrants. Sources: NPR / AP / Reuters.
• NYC approves rent freeze: An NYC board approved a rent freeze for nearly 1M rent-stabilized apartments, delivering a major policy win for Mayor Zohran Mamdani despite strong opposition from landlords. Source: NY Times.

• 8:30 AM: Goods Grade Balance Adv.
• 8:30 AM: Retail Inventories Excl. Autos MoM Adv.
• 8:30 AM: Wholesale Inventories MoM Adv.
• 10:00 AM: Michigan Consumer Sentiment Final

McCormick & Company (MKC) has released its quarterly earnings.

• Revenue of $1.94B (+16.73% YoY) beats by $26.07M.
• EPS of $0.80 (+15.94% YoY) beats by $0.10.
• Financials · As Reported · Metrics · Press Release

Acuity (AYI) has released its quarterly earnings.

• Revenue of $1.20B (+1.65% YoY) beats by $20.10M.
• EPS of $5.31 (+3.71% YoY) beats by $0.19.
• Financials · As Reported · Metrics · Press Release

Commercial Metals Company (CMC) has released its quarterly earnings.

• Revenue of $2.48B (+22.98% YoY) beats by $75.96M.
• EPS of $1.73 (+133.78% YoY) beats by $0.03.
• Financials · As Reported · Metrics · Press Release

BlackBerry (BB) has released its quarterly earnings.

• Revenue of $152.90M (+25.64% YoY) beats by $14.99M.
• EPS of $0.04 (+100.00% YoY) beats by $0.02.
• Financials · As Reported · Metrics · Press Release

AeroVironment (AVAV) will report Monday after market close.

• Analysts estimate revenue of $559.91M (+103.57% YoY).
• EPS is estimated to be $1.48 (-8.07% YoY).
• Financials · As Reported · Metrics

Nike (NKE) will report Tuesday.

• Analysts estimate revenue of $10.85B (-2.21% YoY).
• EPS is estimated to be $0.12 (-14.29% YoY).
• Financials · As Reported · Metrics

Constellation Brands (STZ) will report Tuesday.

• Analysts estimate revenue of $2.41B (-4.29% YoY).
• EPS is estimated to be $3.26 (+1.24% YoY).
• Financials · As Reported · Metrics

General Mills (GIS) will report Wednesday.

• Analysts estimate revenue of $4.60B (+0.99% YoY).
• EPS is estimated to be $0.80 (+8.11% YoY).
• Financials · As Reported · Metrics

• Confirmed today: Sinda Ltd. (SIND), a silver mining company focused on Mexico.
• Estimated Friday, June 26: MetaOptics Ltd (MOT), a Singapore-based optical lenses maker with $613,198 in TTM revenue and 891.2% revenue growth YoY.