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Last updated: June 27, 2026, 8:30 AM ET

Market Movers & Shakers

Diagnostic company QuidelOrtho saw its shares tumble, down 90% since its rapid antigen tests were first approved for Covid-19, as it initiates a sale of its testing unit amid increasing interest from private equity firms in the healthcare sector. This follows a broader trend where chipmaker valuations remain elevated globally, particularly in AI-exposed markets, signaling a potential concern for investors seeking value.

Geopolitical Headwinds

Renewed strikes in the Persian Gulf are threatening to derail the ongoing shipping recovery, with attacks escalating after traffic through the Strait of Hormuz reached its highest levels since the start of the U.S. conflict in Iran. Meanwhile, powerful back-to-back earthquakes in Venezuela have resulted in over 900 fatalities and triggered an urgent search for survivors, adding to the nation's existing economic and political crises.

Political Discourse & Media

Discussions surrounding Donald Trump's political strategy continue as planned events face difficulties, while commentary on his approach to journalism suggests a potential shift in how media professionals are treated, raising questions about the protections afforded to the journalistic process under the First Amendment Trump is Turning Journalists Into Criminals. One analysis suggests that a preference for certitude can sometimes limit the exploration of new possibilities.