Key News
1. Iranian Foreign Ministry Spokesperson Baghae: We are not currently in dialogue with the United States, but are in dialogue with Oman regarding the Strait of Hormuz.
2. Iranian Revolutionary Guard: An MQ-9 drone was intercepted and shot down by the Revolutionary Guard's Aerospace Force's advanced air defense system over the Strait of Hormuz.
3. Federal Reserve Chairman Williams stated that he remains optimistic that inflationary pressures will gradually ease, but if this does not happen, the Fed will not hesitate to raise interest rates to ensure that price pressures return to target levels.
Individual Stock News
1. Samsung Electronics' foundry business is expected to achieve 100% capacity utilization in the second half of this year. Currently, the utilization rate is estimated to be between 70% and 80%.
2. Eli Lilly (LLY.N): Pancreatic cancer therapy receives Breakthrough Therapy Designation.
3. According to sources, AstraZeneca (AZN.O) has begun discussions to acquire Bristol-Myers Squibb (BMY.N), potentially creating the largest pharmaceutical merger in history.
4. Italian company Prysmian announced on Monday that it is in advanced talks to acquire US electrical manufacturing company Atkore.
5. Apple (AAPL.O) is limiting the number of security vulnerabilities that external researchers can submit at one time, after a surge in AI-generated reports overwhelmed its review process.
6. Alibaba (BABA.N) shares rose nearly 4% in pre-market trading, following the release of Qwen3.8-Max.
7. Gurman wrote that the iPhone is expected to increase in price by $100 to $200. Regarding the foldable iPhone, he stated that its starting price will be at least $2,000, or even higher.
