EU Strikes Tentative Deal on Asylum Rules After Years of Trying
European Union ministers struck a hard-fought deal Thursday on how to approach migration and asylum policies after years of thorny negotiations.
Bloomberg Business
Magellan Investor Opposes $19 Billion Oneok Deal on Tax Hit
Magellan Midstream Partners LP’s fourth-largest investor plans to vote against a proposed takeover by Oneok Inc. because of the tax hit it would take in the transaction, marking a potential setback for the roughly $19 billion pipeline deal.
Tiger Global Among Hedge Funds Riding AI Mania to May Gains
Tiger Global Management and other technology-focused stock hedge funds jumped in May, adding to a strong 2023 performance that’s helping them crawl back from last year’s losses.
Oil Falls After Media Reports Ignite Iran-US Rumors, US Denies
Oil dropped on regional media reports that ignited speculation the US and Iran are nearing a deal that would pave the way for more Iranian crude exports. US officials denied the reports.
Top US Car Safety Investigator Resigns After Critical Audit
The head of the US governmental office charged with administrating auto recalls and launching federal investigations into safety defects has resigned, a week after government auditors issued a critical report about the division.
Supreme Court Rejects GOP-Drawn Map That Would Limit Black Districts
The US Supreme Court gave an unexpected boost to the Voting Rights Act, rejecting a Republican-drawn congressional map in Alabama and upholding a decision that requires a second majority Black district.
Smoke Sends US Northeast Solar Power Plunging by 50% as Wildfires Rage in Canada
A shroud of smoke has sent solar power generation in parts of the eastern US plummeting by more than 50% as wildfires rage in Canada.
LPGA’s Michelle Wie West Says Players Should Have Had Loudest Voice on LIV Deal
Retired LPGA golfer Michelle Wie West said she was shocked at the partnership deal made between the PGA Tour and Saudi-backed LIV Golf.
EU Approves €8 Billion in State Subsidies for Chip Research
Semiconductor research projects with €8 billion ($8.6 billion) in public funds were approved by the European Union’s executive arm as part of a push to increase the bloc’s domestic chip-supply chain.
Citigroup Dismantles FX Strategy Team, Cuts Analyst Jobs
Citigroup Inc. has dismantled its global team that provides commentary and analysis on foreign-exchange markets, according to people familiar with the matter.
