Jun. 22 at 5:29 AM
$SPY $NEM $BYDDF $META $GETY
TOP 5 WEEKEND STORIES:
1) Iran's Khatam al-Anbiya Central Headquarters said on Saturday it would close the Strait of Hormuz to vessel traffic, citing a failure by the U.S. to end the war and Israel's ceasefire breaches in southern Lebanon. The headquarters said the closure was the "first step" in Iran's response, according to a state media report.
2) Newmont Corporation (NEM) welcomes the Province of British Columbia's approval of "key regulatory authorizations" for the Red Chris Block Cave project. "The approvals enable the transition of the Red Chris Mine from current open-pit operations to block caving, allowing an extension of mine life into the mid-2040s. They mark a significant milestone in stage-gating as Newmont advances toward a final investment decision later this year."
3) BYD (BYDDF) rejects allegations it breached environmental rules in Hungary during the construction of its first plant in the European Union, Misha Savic of Bloomberg reports.
4) Meta (META) is under contract to purchase computing capacity from Crusoe at two data centers, with operations located in Childress, Texas, and Warrenton, Missouri, Rebecca Torrence, Dina Bass, and Kurt Wagner of Bloomberg report, citing people familiar with the matter. Meta will obtain about 1.6 gigawatts of capacity combined between the two sites, the sources added.
5) Getty Images (GETY) announced a display agreement with OpenAI. Under the partnership Getty Images' licensed content libraries will appear across OpenAI search and discovery experiences within ChatGPT. The agreement enables the use of Getty Images' content for display within ChatGPT, enhancing the richness of visual responses.
