Novo Nordisk A/S $NOVO-B.CO, a global leader in diabetes and obesity care, released full data on Sunday from two pivotal Phase III trials of its experimental combination therapy, CagriSema, designed for chronic weight management. The Danish pharmaceutical company emphasized that side effects were mostly mild to moderate and confirmed positive secondary outcomes such as improvements in glycemic control.
Italian luxury fashion house Prada S.p.A. $1913.HK has confirmed that Gianfranco D’Attis, the CEO of the Prada brand, will step down at the end of the month. The company stated that the decision was reached “by mutual agreement.” Andrea Guerra, the Group CEO of Prada, will assume the brand’s chief executive duties on an interim basis.
Tesla Inc. $TSLA officially began its robotaxi pilot service on Sunday, deploying self-driving Model Y vehicles in Austin, Texas. CEO Elon Musk confirmed the long-anticipated launch via a post on his social media platform X, stating that rides would be available for a fixed fare of $4.20.
In a move that could reshape the U.S. custody banking landscape, Bank of New York Mellon Corp $BK has reportedly initiated merger discussions with Northern Trust Corp $NTRS. According to The Wall Street Journal, the two institutions held preliminary conversations last week, although no formal proposal has been submitted and talks remain exploratory.
Heightened tensions in the Middle East have intensified investor concerns after the United States reportedly launched a direct strike on Iranian nuclear facilities. This marks a serious escalation in the ongoing regional conflict and raises the specter of broader geopolitical instability. The market response, particularly in oil futures and safe-haven assets like gold and the U.S. dollar (USD), reflects fears of supply disruptions and risk contagion.
Toyota Motor Corp. $7203.T will increase prices on select vehicles sold in the U.S., starting next month. The adjustment will affect certain Toyota and Lexus models, with average price hikes of $270 and $208, respectively, according to company spokesperson Nobu Sunaga. The move follows a pattern of incremental price changes across the industry and comes at a time when Japanese automakers are facing intensified pressure from both macroeconomic and trade-related factors.
Mitsubishi Corp. $8058.T plans to invest $3.9 billion in the U.S. renewable energy sector through its subsidiary Nexamp Inc., aiming to significantly expand its solar power footprint. According to Nikkei, the capital injection is expected to boost Nexamp’s capacity from 1.1 million kilowatts (kW) to 2.9 million kW by 2028. The development aligns with ongoing shifts in energy policy and supply chain localization in the U.S., particularly in response to trade restrictions and new incentives for domestic production.
A.P. Moller–Maersk $MAERSK-B.CO confirmed ongoing operations through the Strait of Hormuz, a critical maritime route, despite escalating conflict risks between Israel and Iran. While maintaining current shipping schedules, the company signaled readiness to reevaluate vessel safety and respond swiftly to changing conditions in the region.
Cryptocurrency markets witnessed a steep decline early Sunday following heightened geopolitical uncertainty in the Middle East. Major digital assets, including Bitcoin $BTCUSD, Ethereum $ETHUSD, and Solana $SOLUSD, experienced sharp selloffs, erasing billions in market capitalization and pushing the broader crypto space into correction territory.
Tesla Inc. $TSLA is making a pivotal move in its long-promised autonomous vehicle strategy, launching a limited, paid robotaxi service in Austin, Texas. The rollout, set for Sunday, June 23, marks the first tangible test of Elon Musk’s vision for a self-driving future — one in which Tesla vehicles operate entirely without human drivers.
On June 20, Kroger Co. $KR, one of the largest grocery chains in the United States, announced a significant operational restructuring. The company plans to close 60 stores over the next 18 months, representing approximately 2% of its total footprint across 35 U.S. states. While specific locations have not been disclosed, the closures mark a clear move to enhance financial efficiency and streamline underperforming assets.
The United States is reportedly preparing to cancel key export waivers that have allowed global semiconductor giants—Samsung Electronics $005930.KS, SK Hynix $000660.KS, and Taiwan Semiconductor Manufacturing Company $2330.TW —to supply advanced chipmaking equipment to their fabrication plants in China. This shift comes amid escalating strategic competition between the U.S. and China and could signal a renewed tightening of export controls on sensitive technologies.
