Key News
1. US-Iran Memorandum of Understanding Text: Iran will arrange safe passage for ships, with no tolls for 60 days.
Individual Stock News
1. Broadcom (AVGO.O) raises the upper limit of its takeover bid consideration from $2.5 billion to $3 billion.
2. Noam Shazeer, a prominent researcher at Google A (GOOGL.O), announces his departure to join OpenAI.
3. BHP Billiton (BHP.N) will make a $2.3 billion asset impairment provision for its massive Janssen potash project.
4. Trump states that Apple (AAPL.O) has agreed to partner with Intel (INTC.O) to design and manufacture its chips in the United States.
5. According to the Wall Street Journal: Apple (AAPL.O) CEO Tim Cook says Apple will raise prices due to soaring memory and storage costs.
6. Starbucks (SBUX.O) and Tata Group's joint venture, Tata Starbucks, plan to add 50 to 100 stores annually in India.
7. Apple (AAPL.O) is preparing for the release of the second-generation iPhone Air in the spring of 2027; the iPhone Air prototype will feature a second rear camera and an upgraded battery.
8. ASML (ASML.O) CEO Christopher Foucault stated that the company must ensure it does not face supply shortages when providing services for new projects such as Elon Musk's Terafab.
9. Alkimus (ALKS.O) announced at the annual sleep medicine conference in Baltimore that its experimental drug alixorexton significantly improved wakefulness maintenance and reduced excessive daytime sleepiness in patients with type 2 narcolepsy.
10. Market news: US Department of Justice investigators have begun investigating whether US financial institutions, including JPMorgan Chase (JPM.N) and Citigroup (C.N), were involved in large-scale fund transfers between companies overseen by Mujtaba.
