Public Markets 3 Hours

Last updated: June 29, 2026, 8:30 AM ET

Media & Technology

Comcast announced plans to spin off its NBCUniversal and Sky businesses, a move that sent its shares soaring 25% and signals a broader industry trend of disentangling cable and content operations. The separation will create two publicly traded entities, a strategy aimed at unlocking shareholder value and allowing each business to focus on its respective market. Meanwhile, Microsoft Corp. is heading for its worst monthly performance since the dot-com era, with shares down significantly as investors weigh the company's future prospects amid the rapid advancements and market shifts driven by artificial intelligence. In a move to challenge SpaceX's dominance, Rocket Lab is reportedly acquiring satellite operator Iridium, a deal that would grant Rocket Lab a substantial satellite fleet and access to valuable wireless resources.

Energy & Geopolitics

Shipping traffic through the Strait of Hormuz has significantly declined following four days of escalating attacks between the U.S. and Iran. The critical waterway's reopening efforts faced a setback after Iran struck two vessels, increasing geopolitical risks and impacting regional trade flows. In the nuclear sector, Mercuria has signed its first uranium financing deal with a Malawi-based miner, marking a new