Markets

Alibaba-backed Quark has launched an AI model to assist students with college applications. The tool features comprehensive exam search, application report generation, and intelligent college selection. It provides personalized advice, generates detailed reports with strategic suggestions, and recommends application plans. Quark has significantly increased its computing power to support free access to this service, including a specialized knowledge base and live expert broadcasts.

Faraday Future will unveil its FX Super One, the first model for its FX brand, on June 29, 2025, in Los Angeles. The event targets stockholders, partners, and influencers aiming to redefine luxury mobility with an AI-powered, mass-market MPV. A public launch follows on July 17 with production slated by the end of 2025.

Sennheiser celebrates its 80th anniversary, reflecting on its history of audio innovation and engineering excellence. The company, founded in 1945, pioneered wireless technology and continues to push boundaries with products like Spectera. Sennheiser emphasizes its commitment to exceptional sound experiences, driven by a passion for sound and a dedication to constant innovation, shaping the future of audio.

YMTC has filed a third lawsuit against Micron, alleging a smear campaign to damage its market position. Accusations include Micron funding efforts to discredit YMTC through false rumors, particularly regarding backdoors in YMTC chips. YMTC seeks corrective advertising, damages, and profit disgorgement. This lawsuit follows YMTC’s 2023 patent infringement suit and Micron’s counterclaims, with a court order for Micron to produce confidential documents adding further complexity.

Insmed Incorporated announced a $750 million public offering of common stock, selling 7,812,500 shares at $96.00 each. Proceeds will fund brensocatib’s R&D, ARIKAYCE’s commercialization, and pipeline expansion. This strategic move aims to bolster financial standing and accelerate drug development across pulmonary and inflammatory conditions. The offering, led by major financial institutions, is expected to close on June 13, 2025, subject to customary conditions.

The UK Law Commission proposes legalizing alternative body disposal methods like alkaline hydrolysis (“water cremation”) and human composting, reflecting a global trend towards environmentally friendly end-of-life care. This process uses high-temperature steam and a potassium hydroxide solution to dissolve remains into a liquid and bone powder, potentially safe for wastewater systems. While championed for its environmental benefits, critics raise concerns about potential misuse and hindering forensic investigations due to complete tissue disintegration. This follows the practice already being used in the US, Australia, Canada, and Ireland.

Denali Capital Acquisition Corp (DECA) extended its business combination deadline to July 11, 2025. To support this, they deposited $874.78 into their trust account, funded by a convertible promissory note from Scilex (SCLX). The note, with a $180,000 principal cap and no interest, converts to DECA shares at $10.00 each. Remaining funds from the note are available for future extensions.

Neta Auto, a Chinese EV startup, faces mounting financial struggles. Employees reportedly confronted the CEO demanding overdue wages, as captured in social media videos. Legal filings reveal significant execution orders against the company, exceeding 150 million yuan in outstanding execution cases. Despite initial growth, increased competition has led to a sales decline, painting a grim picture of the company’s current financial health.

SmartStop Self Storage REIT, Inc. (SMA) is issuing a CAD $500 million Maple Bond through its operating partnership. The senior unsecured notes, maturing in 2028, will yield approximately 3.91% (3.85% effective after hedging) and are rated BBB (Stable) by Morningstar DBRS. Proceeds will refinance debt and fund acquisitions. The offering is exclusively for Canadian residents. SmartStop owns and manages self-storage properties across the U.S. and Canada.

JPMorgan Chase CEO Jamie Dimon expresses caution about the U.S. economy’s prospects, anticipating potential headwinds. He cites cooling effects after government stimuli, the impact of previous administrations policies, and concerns in the private credit sector. Dimon suggests a potential economic slowdown with rising inflation and acknowledges the complexity added by factors like reduced immigration. Despite resilient job growth, he advises businesses and investors to prepare for challenges.