Public Markets 3 Hours

Last updated: May 28, 2026, 11:30 AM ET

Energy & Geopolitical Markets

Oil futures jumped 1.8% after the U.S. and Iran exchanged fire overnight, with three crude-oil tankers targeted by drones off Turkey's Black Sea coast. Meanwhile, gold erased losses after Axios reported the U.S. and Iran are on the verge of a deal to extend their ceasefire, while Treasuries rased across the curve as traders priced in reduced geopolitical risk. U.S. natural gas edged lower as the Nymex July contract moved to the front of the curve, even as El Niño risks emerged as a new threat to the global economy.

Crypto & Digital Assets

Bitcoin fell below $73,000 despite a fresh push from Donald Trump for the CLARITY Act, suggesting pro-crypto messaging from Washington is losing its ability to drive gains in digital assets. In contrast, drone makers and suppliers rallied sharply after reports the Trump administration is exploring funding deals to increase domestic production.

Corporate M&A & Leadership

Billionaire Tilman Fertitta agreed to acquire Caesars Entertainment in a $17.6 billion all-cash deal that will rank among the largest gaming transactions in years. Meanwhile, Tyson Foods tapped Jeff Schomburger to succeed Donnie King as president and CEO, while JD.com's $2.6 billion takeover of Ceconomy faces an in-depth EU probe over potential competition distortions.

Global Economy & Finance

The Bank of Canada warned markets are more vulnerable to sharp corrections, highlighting risks of asset price declines and vulnerabilities related to hedging strategies. Bridgepoint Group raised €5 billion for its European direct lending fund, while Actis secured $2.5 billion at first close for its flagship energy fund. In the U.S., funding markets remain flooded with cash that strategists say is driven by structural shifts unlocking billions in bank balance-sheet capacity.