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US spot petrochemical prices continued to soften last week as easing tensions between the US and Iran weighed on export demand, though a series of operational issues along the Gulf Coast helped limit steeper declines.
Source
Bloomberg Markets
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Fox Corp. agreed to acquire Roku Inc. in a deal valued at about $22 billion including debt, creating a new television juggernaut and marking a big push into ad-supported streaming. The deal will blend Fox’s sports, news and entertainment channels, including the free, ad-supported Tubi, with Roku’s streaming platform of more than 100 million subscribers, the companies said in a statement Monday. The acquisition will create the third-largest player in the US television market by share of viewing,
AMD’s stock is surging, with the company now worth more than JPMorgan Chase.
Evelyn Farkas, executive director of the McCain Institute, said that the US may incentivize further talks with Iran by unfreezing some assets seized during the course of the conflict after a short-term deal is signed to extend a ceasefire and reopen the Strait of Hormuz. Talking with French President Emmanuel Macron ahead of the G7 summit, President Trump told reporters that his attention is also turning back to Russia and Ukraine now that that short-term deal with Iran is done. Farkas said Russ
