TotalEnergies CEO said that after the incident in the Strait of Hormuz, exporting Iraqi oil would require transiting Syria, but the current security situation does not permit that.

Synopsys (SNPS.O) plans to stop offering a suite of manufacturing process-control software used by global chipmakers and reallocate resources to higher-margin AI design, six people familiar with the matter said. The company informed more than a dozen manufacturers — including Samsung Electronics, SK Hynix, Kioxia Holdings and Qorvo — in April and May that it will end the product lifecycle, meaning no further new releases while continuing maintenance obligations. Affected products include Equipment Engineering Systems (EES) and defect detection and classification (FDC) systems, automated factory-level tools that monitor production and flag anomalies to prevent costly defects.

Dow Jones Industrial Average opened 86.01 points higher (0.16%) at 52,986.08 on Monday, July 6; S&P 500 opened 36.79 points higher (0.49%) at 7,520.03; Nasdaq Composite opened 200.88 points higher (0.78%) at 26,033.56.