The U.S. Supreme Court ruled in favor of Bayer’s request to limit state courts’ jurisdiction over lawsuits alleging its Roundup herbicide causes cancer; Bayer shares jumped as much as 20% intraday after the ruling.

Mohit Kumar at JEFFERIES said rates markets have been slow to price in the effects of a larger‑than‑expected oil decline after Strait of Hormuz traffic increased. JEFFERIES views a key consequence of the US‑Iran agreement as reducing the need for major central banks to tighten. The firm maintains that the Fed will not hike this year and that the Fed's next move is likely to be a cut, not a hike.

Two leading AI researchers at Alphabet's Google plan to leave to join competitor Anthropic, people familiar with the matter said. Jonas Adler and Alexander Pritzel, both seen internally as key contributors to Google's GEMINI model, are expected to move to Anthropic. Adler worked on the company's AI programming projects; Pritzel worked on training AI systems. The moves add to a series of high-profile departures and could weaken Google's position in AI.