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  • CVRx CFO Oasheim To Step Down June 09, 2026 08:28 ET

    Medical device maker CVRx, Inc. (CVRX) said on Tuesday that its Chief Financial Officer Jared Oasheim will step down to pursue other opportunities, and the company has begun a search for his successor. Oasheim will remain with the company until a successor is appointed and serve as an advisor through...

  • 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...

  • 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...

  • 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...

  • Apple Unveils New Child Safety And Parental Control Features June 09, 2026 02:13 ET

    Apple Inc. (AAPL) announced a range of new child safety and parental control features that will roll out with its software updates this fall, expanding the tools available to help parents manage their children's online activities. The updates include a simplified child account setup process, a new...

  • Alibaba Denies CMC Status, Confirms Business Continuity June 09, 2026 01:53 ET

    Alibaba Group Holding Ltd. (BABA, 9988.HK), an e-commerce and technology company, on Monday said the U.S. Department of Defense has included the company on its list of Chinese Military Companies. The company said it believes the inclusion is a mistake and that there is no basis to conclude Alibaba...

  • Dutch Authority Blocks Glaspoort Acquisition, KPN To Review Decision June 09, 2026 01:45 ET

    Koninklijke KPN N.V. (KPN.AS, KKPNY, KPN), a Dutch telecommunications and IT provider, responded to the decision by the Dutch Authority for Consumers and Markets or ACM to prohibit Glaspoort's proposed acquisition of about 200,000 fiber-to-the-home connections from DELTA Fiber. KPN said it regrets...

  • Snow Rothschild Acquisition Corp Announces $200 Mln IPO Pricing At $10/unit June 09, 2026 01:38 ET

    Snow Rothschild Acquisition Corp. (ISNRU) recently announced the pricing of its Initial Public Offering or IPO of 20 million units at $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of a redeemable warrant, with each whole warrant exercisable for one Class A share fixed...

  • Baidu: U.S. Government Procurement Limitations Tied To CMC List To Have No Impact On Business June 09, 2026 01:27 ET

    Baidu, Inc. (BIDU) said the the Deputy Secretary of Defense in the U.S. has included Baidu on the Department of Defense's list of Chinese Military Companies, or the CMC List. Baidu believes there is no justification for its inclusion on such list as the company is neither a Chinese military company nor...

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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