Welcome to your trusted evening news source, for the day's essential business and finance news. Stay informed and ahead with our curated digest of key developments and market insights. Let us provide you with the information you need to make informed decisions.

Markets

Today’s Headlines

Public Markets

• Fed, SEC Probing Goldman Sachs’s Role in SVB’s Final Days (More)

• Health insurers slammed after UnitedHealth says more surgeries driving up costs (More)

• Toyota stock having best week since 2009 after annual meeting, with new EV goals (More)

• Mediterranean restaurant chain Cava stock soars as much as 112% in market debut (More)

• Goldman, Citigroup Begin Cutting About 35 Dealmakers Across Asia (More)

• Shell Courts Investors With More Cash, Cost-Cutting (More)

• Global oil demand to peak before the end of the decade (More)

Economy

• European Central Bank diverges from Fed, raising rates to highest in 22 years (More)

• Retail Spending Rose in May as Consumers Remain Resilient to Rate Rises (More)

• New Zealand dips into recession, putting rate hikes in doubt (More)

  The Beyoncé Effect: Sweden’s Inflation Feels the Hit - Danske Bank economist estimates Renaissance Tour contributed about 0.2 percentage point (More)

• Live Nation and Ticketmaster are pledging to President Biden to show fees up front (More)

• Music Companies Sue Twitter for More Than $250 Million in Damages Over Alleged Copyright Violations (More)

• White Starbucks Manager Fired Amid Furor Over Racism Wins $25 Million (More)

Mergers & Acquisitions

• Blackstone Completes Acquisition of Cvent

• Vodafone and CK Hutchison Reach Agreement on Merger of UK Mobile Businesses

• Safran on the Verge of Acquiring Raytheon's Flight Controls Unit in a $1.8 Billion Deal

• Patterson-UTI and NexTier Oilfield Reach Merger Agreement

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