Industry

Rocket Lab to Buy Iridium for About $8 Billion, Adding Global Satellite Network

Rocket Lab will buy Iridium for about $8 billion in cash and stock, gaining a global LEO communications network, licensed spectrum and 2.55M subscribers.

$RKLB, $IRDM, #rocketlab, #iridium, #mergers, #satellites, #space

Honeywell completes aerospace spin-off; Honeywell Aerospace begins trading as HONA

Honeywell completed its breakup, spinning off Honeywell Aerospace (ticker HONA) while the remaining company, Honeywell Technologies, continues trading as HON.

$HON, $HONA, #honeywell, #spin-off, #aerospace, #automation, #stocks

BT Group and Verizon to form 50:50 joint venture for international enterprise services

BT Group and Verizon will combine international enterprise operations into a 50:50 joint venture serving 3,000+ customers in 180+ countries; deal expected in 2027.

$VZ, $BT.A, #btgroup, #verizon, #jointventure, #networking

Lockheed Martin Says U.S. Award Could Provide Up to $35 Billion to Accelerate THAAD Production

Lockheed Martin says a seven-year U.S. award could fund up to $35 billion to ramp THAAD interceptor production — but it’s an undefinitized contract.

$LMT, #lockheed, #defense, #missiles, #procurement, #thaad

DOE Issues Conditional $17.5 Billion Loan Commitment to Support Up to 10 Westinghouse AP1000 Reactors

DOE has offered a conditional commitment of up to $17.5B to finance long‑lead equipment purchases for as many as 10 Westinghouse AP1000 reactors, aiming to speed builds.

#nuclear, #energy, #doe, #westinghouse

U.S. Reaches Consent Decree With Chemours Requiring Over $450 Million for PFAS Cleanup

DOJ, EPA and West Virginia settled with Chemours in a federal consent decree requiring more than $450M in penalties, controls and drinking-water measures for PFAS releases.

$CC, #pfas, #chemours, #doj, #environment

Kadokawa CEO Survives Shareholder Vote as Activist Oasis Becomes Largest Shareholder

Kadokawa CEO Takeshi Natsuno survived a shareholder vote, but activist Oasis raised its stake to become the largest shareholder and will keep pressing over FromSoftware profits.

$9468.T, #kadokawa, #fromsoftware, #eldenring, #shareholderactivism, #japan

Iceland to Join ECB’s Instant-Payments Platform, Bringing the króna to TIPS in 2028

The ECB and Iceland’s central bank agreed to add the króna to the Eurosystem’s instant-payments platform TIPS from 2028, extending multicurrency settlement.

#payments, #ecb, #iceland, #instantpayments

iRhythm Says Data Exfiltrated From Third‑Party Business Apps; Devices, Patient Care Unaffected

iRhythm reported that data was exfiltrated from third‑party business applications; its devices and clinical systems were not affected, and the investigation is ongoing.

$IRTC, #irhythm, #cybersecurity, #data-breach, #healthcare

SunZia Wind Project Starts Commercial Operations, Becomes U.S.'s Largest Wind Farm

SunZia’s 3,650 MW wind project in New Mexico began commercial operations, paired with a 550-mile HVDC line to send about 3,000 MW to western markets.

#wind, #renewable-energy, #new-mexico, #transmission

Unions Score Late-May Wins Across REI, Netflix Animation, Seattle Hospitals, Nevada State Offices and Weyerhaeuser

In late May, workers won votes and contracts across retail, entertainment, health care, public sector and timber — from REI to Netflix Animation.

#labor, #unions, #organizing, #contracts

ECB to Send 'Dear CEO' Letter Urging Banks to Bolster Operational Resilience as AI Use Grows

ECB will send a sector-wide 'dear CEO' letter urging banks to strengthen operational resilience as AI adoption rises and cyber risks intensify.

#ecb, #banking, #ai, #cybersecurity, #dora

SEC Proposes Rescinding 2024 Climate-Disclosure Rule, Opens Public Comment

The SEC proposed on May 29 to rescind its 2024 climate-disclosure rule, shifting the fight from court defense to rulemaking and public comment.

#sec, #climate, #disclosure, #rulemaking

FTC Sues Amare Global, Accusing Supplement Seller of False Mental‑Health Claims for Children and Deceptive Earnings Promises

FTC sued Amare Global and three individuals, alleging the MLM falsely promoted supplements as treating depression, anxiety and ADHD in children and misled recruits about earnings.

#ftc, #supplements, #mlm, #consumerprotection

FTC to Allow Ascension’s $3.9 Billion Acquisition of AmSurg Only After Sale of Seven Surgery Centers

FTC will let Ascension buy AmSurg only if it sells seven ambulatory surgery centers across five U.S. metro areas to preserve local competition.

#antitrust, #healthcare, #ascension, #amsurg, #ftc