Axios reports President Trump plans to cancel 'weaponized' funds.

Arm (ARM.O) shares surged in early trade, gains widening to more than 16%, lifting the company's market capitalization above $430 billion.

India's largest coal miner said in a filing on Monday that May production fell nearly 12% and output since April is down about 11% YoY, even as sustained heat pushed power demand to new highs. Exports rose only 1%. Unsold inventories have stayed above 100 mln t over the past year, constraining production as demand lags supply. The company said the drop in output during peak months highlights challenges from energy-market diversification and that its former near-monopoly is being eroded by new state and private producers taking market share.