News

Ashland shares rose after a report that activist investor Ancora has taken a stake in the specialty chemicals company. Ancora's involvement typically signals potential pressure for strategic or operational changes. No further details on the size of the stake or Ancora's specific demands have been disclosed.

OpenAI has confidentially filed for a US IPO targeting a valuation of up to $1 trillion, with a potential September debut; no size or firm terms were disclosed. The Pentagon added Alibaba, Baidu, and BYD to its 1260H China military-linked firms list, barring direct Defense Department contracts. AstraZeneca reported its obesity pill cut body weight by 10.5% in a Phase II trial, while broader Asia-Pacific macro items included China's May trade beat and a PBOC yuan fixing at its strongest since February 2023.

OpenAI has confidentially filed for an initial public offering in the United States, according to the company. No timeline for the public launch of the IPO has been determined yet.

Worldcoin's WLD token dropped approximately 20% after Arthur Hayes sold his position just one day after publicly stating he would continue holding it. The reversal drew significant attention given Hayes's prior bullish commentary on the token. The abrupt sell-off highlights the price sensitivity of WLD to high-profile holder actions and public statements.