Berkshire Hathaway agrees to buy U.S. homebuilder Taylor Morrison for $8.5 billion

Garner Health raises $100M Series E at $2.74B valuation led by Index Ventures. The NYC-based health data analytics platform serves over 2.5M workers.

Garner Health, a New York City-based healthcare data analytics company serving over 2.5 million workers, raised $100 million in Series E funding at a $2.74 billion valuation, led by Index Ventures.

Fertitta to acquire Caesars Entertainment for nearly $6B. The deal includes iconic Las Vegas brands like Golden Nugget, Rainforest Cafe, and Morton's.

Caesars Entertainment is being acquired by Fertitta, owner of Golden Nugget and other chains, for nearly $6 billion.

US SPR drops to 1.584 billion barrels, lowest since April 2024 and overall since 2003, as Iran conflict strains global supply. S&P Global estimates 1.2 billion barrels lost via Hormuz disruption.

The volume of the US Strategic Petroleum Reserve (SPR) has decreased to a minimum level since April 2024 due to the conflict with Iran. At the end of last week, the US Department of Energy reported that oil and petroleum product reserves in the SPR currently stand at 1.584 billion barrels and continue to decline. The last time oil reserves in US strategic storage were below 1.5 billion barrels was in March 2003. S&P Global Energy notes that due to disrupted traffic in the Strait of Hormuz, the global oil market has lost 1.2 billion barrels of oil.

South Korea exports surge in May on semiconductor demand, bolstering central bank hawkish stance amid geopolitical risks

South Korea's exports extended their strong run in May, reinforcing the central bank's increasingly hawkish stance as booming semiconductor demand continues to underpin growth despite rising geopolitical and inflation risks.