Boeing shares rise as executives likely avoid criminal charges over 2018-2019 crashes, according to a U.S. Justice Department report. Despite violating a deferred prosecution agreement, Boeing has until June 13 to respond to findings. The Department will decide on further actions by July 7, which could include extending the agreement, a new DPA, or a non-prosecution deal.
Bill Ackman's hedge fund Pershing Square is selling a 10% stake ahead of its IPO plans. The renowned investor stands to profit billions from the potential IPO.
Chinese EV stocks NIO, XPEV, and LI saw strong May delivery numbers, with NIO reporting a 234% increase in sales. Discounts and potential tariffs impact profits.
The idea that a political shift led to the SEC’s approval of spot Ethereum ETFs last month has been called into question after President Joe Biden vetoed a bill aimed at overturning SAB 121.