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  • Greenland Energy Enters Into Deal With Halliburton, Shares Other Strategic Updates June 09, 2026 08:22 ET

    Tuesday, Greenland Energy Company (GLND) announced an agreement with Halliburton Company (HAL) for integrated consulting, logistics, and comprehensive well and drilling services. The announcement came via the company's shareholder letter, which reported operational and strategic updates following...

  • RedHill: FDA Grants Rare Pediatric Disease Designation To Opaganib June 09, 2026 08:08 ET

    RedHill Biopharma Ltd. (RDHL) announced the FDA has granted rare pediatric disease designation to opaganib for treatment of neuroblastoma. The rare pediatric disease designation to opaganib provides for a Priority Review Voucher, subject to certain conditions. Opaganib has received Orphan Drug designation...

  • Nuvalent Stock Climbs 39% On $10.6 Bln Takeover Deal With GSK June 09, 2026 08:05 ET

    Shares of Nuvalent, Inc. were surging around 39 percent in the pre-market activity on the Nasdaq, after the clinical-stage biopharma company focused on cancer therapies agreed to be acquired by British drug major GSK plc, in a deal valued at $10.6 billion or 8.0 billion pounds. Further, GSK maintained its 2026 guidance range of 7 percent to 9 percent growth in core operating profit and core EPS.

  • Rubio To Sign MOU With UFC To Enhance Sports Diplomacy Initiatives June 09, 2026 07:59 ET

    Secretary of State Marco Rubio will participate in a Memorandum of Understanding signing ceremony at the U.S. Department of State with Dana White, President and CEO of UFC, on Thursday. The MOU signing will mark a new public-private partnership to enhance sports diplomacy initiatives and collaborate...

  • Lands' End Swings To Profit In Q1; Guides Q2, FY26; Stock Down 4.5% June 09, 2026 07:54 ET

    Uni-channel retailer Lands' End, Inc. (LE) reported Tuesday net income for the first quarter of $330.69 million or $10.56 per share, compared to a net loss of $8.26 million or $0.27 per share in the prior-year quarter. Excluding items, adjusted net loss for the quarter were $0.11 per share, compared...

  • United Natural Foods Q3 Sales Slip, Revises Annual Guidance; Stock Down 11% In Pre-Market June 09, 2026 07:53 ET

    United Natural Foods, Inc. (UNFI) on Tuesday reported a net profit for the third quarter, helped by a drop in expenses. However, the company posted a decline in net sales. In addition, United Natural Foods has revised its annual guidance For the three-month period to May 2, the company reported a...

  • X-59 Aircraft Flies Supersonic For First Time June 09, 2026 07:50 ET

    NASA's experimental X-59 aircraft has marked a major milestone by flying faster than the speed of sound for the first time, setting the stage for demonstrating its quiet supersonic capabilities later this year. NASA test pilot Jim "Clue" Less took off and landed at Edwards Air Force Base in California last Friday, reaching a top speed of approximately Mach 1.1 (713 mph) and altitude of 43,400

  • Lima The World's Best City For Food, According To Time Out June 09, 2026 07:44 ET

    Peruvian capital Lima is the world's best city for food, according to publishing giant Time Out. Time Out publishes the results of its international survey ranking the world's best cities annually, which includes data to uncover other fascinating insights, such as the world's best cities for culture, the coolest neighborhoods, and the world's best food cities. Based on reports from its global ne

  • US Forces Attack Oil Tanker In Gulf Of Oman For Violating Blockade June 09, 2026 07:40 ET

    U.S. forces have attacked an unladen oil tanker in the Gulf of Oman on Monday after the vessel violated the U.S. blockade against Iran by attempting to sail to an Iranian port. U.S. Central Command said it disabled Palau-flagged M/T Marivex as it transited international waters in the Gulf of Oman...

  • US Adds Alibaba, Baidu, Huawei And BYD To List Of Firms With Chinese Military Ties June 09, 2026 07:36 ET

    The US Department of War has added 188 Chinese firms, including e-commerce giant Alibaba, electric car maker BYD, telecom giant Huawei and tech giant Baidu to a list of companies with alleged links to the Chinese military. The Department of War released an updated list of what it called "Chinese military companies operating directly or indirectly in the United States in accordance with the statut

  • J.M. Smucker Reports Net Income In Q4 June 09, 2026 07:34 ET

    The J.M. Smucker Co. (SJM) reported fourth quarter net income of $388.1 million, or $3.64 per common share, compared to a net loss of $729.0 million, or $6.85 per share, in the prior year period. Adjusted earnings per share increased to $2.77 from $2.31. Net sales for the three months ended April...

  • Designer Brands Sees FY26 At High-end Of Prior Guidance Range; Posts Profit In Q1; Stock Down 5.6% June 09, 2026 07:21 ET

    While reporting financial results for the first quarter on Tuesday, fashion retailer Designer Brands, Inc. (DBI) said it now expects earnings and net sales growth for the full-year 2026 at the high end of the prior guidance range, following the encouraging start to the year. For fiscal 2026, the company...

  • Pizza Hut Launches Hut Originals Platform To Celebrate Food And Fan Memories June 09, 2026 07:20 ET

    Tuesday, Pizza Hut, a subsidiary of Yum! Brands, Inc. (YUM), announced the launch of Hut Originals, a new platform dedicated to Pizza Hut's iconic food, fun and fans. To kick off the launch, the company introduced new Crispy Parm Pan Pizza, available now at participating Pizza Hut locations nationwide....

  • Bavarian Nordic Wins DKK 700 Million Smallpox/Mpox Vaccine Supply Contract June 09, 2026 07:16 ET

    Bavarian Nordic A/S (BAVA.CO), a vaccine developer, on Tuesday announced the award of a government contract valued at more than DKK 700 million to supply its MVA-BN smallpox/mpox vaccine to an undisclosed country. Deliveries under the contract are scheduled to take place in 2026 and 2027. The company...

  • Parsons Secures Additional $73 Mln AFRL GARDEM Contract June 09, 2026 06:49 ET

    Parsons Corp. (PSN), a defense and infrastructure solutions provider, on Tuesday announced it secured an additional $73 million contract in support of the U.S. Air Force Research Laboratory's Global Application Research, Development, Engineering and Maintenance or GARDEM mission. The latest award...

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

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