Warner Bros. Discovery Seeks Ban on Creditor Cooperation in Corporate Split

The entertainment company included an 'antiboycott' requirement for bondholders while seeking to split into two public businesses.

----

FTC Seeks Information From Top Advertising Agencies as Part of Ad-Boycott Probe

Among firms that received requests are Omnicom, WPP, Dentsu, Interpublic and Publicis.

----

Ad Forecaster Cuts Industry Outlook as Trade Upheaval Risks 'Chilling Effect'

WPP Media now sees global ad industry growth of 6% for this year, down from its prior forecast of 7.7%, excluding U.S. political spending.

----

Disney to Pay NBCUniversal Another $438.7 Million for Hulu Stake

Disney had estimated the value to be around $27.5 billion, while Comcast was looking for at least $40 billion. If Comcast's side had won out, Disney would be looking at an additional payment of about $5 billion.

----

Apple Unveils Array of New Software, but AI Comeback Remains Far Off

The iPhone maker releases live language-translation capabilities and a broad software redesign. Some AI upgrades remain delayed.

----

Synchrony Makes a Comeback in Credit Cards at Walmart

Walmart-backed fintech OnePay chose Synchrony to issue the retailer's credit cards. The company had handled Walmart's credit-cards for nearly two decades until 2018.

----

Solar Bellwether's Bankruptcy Shows Green Energy's Woes Under Trump

One of America's largest rooftop-solar installation businesses filed for chapter 11 Monday, a stark illustration of the strains haunting the U.S. clean-energy sector as shifting federal policies shake investor confidence.

----

Starbucks Cuts Prices in China Amid Sluggish Sales. What We Know.

The company has contended with fierce competition and sluggish growth in China.

----

Merck Pill Lowers Cholesterol Levels. By How Much Is the Critical Point.

The medication could face competition from AstraZeneca, which is testing a different oral PSCK9 inhibitor.

----

Warner Discovery Splits Cable From Marquee Streaming, Studio Businesses

The entertainment company is contending with a hefty debt load and a sagging stock price.

----

Crane to Buy Baker Hughes Precision Sensors Line for $1.15 Billion

Crane has agreed to acquire Baker Hughes' sensor-based technologies company for total cash consideration of $1.15 billion as it looks to expand its own portfolio.

----

Insurance Broker Aon Rides Tailwind From Tariff Uncertainty

Aon CFO Edmund Reese reviews growth opportunities and says inflation has generally been a net positive for the company.

----

Ken Moelis to Step Down as CEO of His Investment Bank

The longtime dealmaker says he expects the "smoothest transition ever in the history of Wall Street."

----

WPP CEO to Depart After String of Ad Client Defections

Chief Executive Mark Read-who has been at the company for more than 30 years-will retire from the board and as CEO on Dec. 31.

----

Qualcomm to Buy Alphawave IP for $2.4 Billion

The deal for the U.K.-listed semiconductor company comes as Qualcomm seeks to boost its portfolio of technology for AI, data centers and storage.

(END) Dow Jones Newswires

June 09, 2025 21:15 ET (01:15 GMT)

Nasdaq Gains on Hopes for U.S.-China Chips Deal

The tech-heavy Nasdaq Composite climbed 0.3%, and the S&P 500 rose 0.1%.

----

Trump's Immigration Plans Meet a Powerful Adversary: Unions

With arrest of a top California leader, organized labor takes the side of undocumented migrants against Trump.

----

Canada to Boost Military Spending to Try to Placate Trump

Prime Minister Mark Carney said Canada would spend money on military vehicles, drones, ammunition and sensors to monitor the Arctic.

----

Consumers Are Feeling Better About Inflation and the Economy, NY Fed Data Show

Perceptions about the labor market and household finances improved as well.

----

Taiwan Exports Growth Nears 15-Year High Amid Tariff Uncertainty

Despite the strong performance so far this year, Taiwan's statistics bureau expects exports to contract in the second half.

----

Irish Manufacturing Contracts Sharply as U.S. Import Boost Fades

April factory production was 13.7% lower than in March, a new sign that the eurozone economy was slowing after a strong start to the year as U.S. businesses stockpiled goods.

----

Will America's Unbalanced Trade Doom the Dollar?

Concerns that the U.S. trade deficit will drag down the dollar are overdone.

----

Businesses Are Bingeing on Crypto, Dialing Up the Market's Risks

More than 60 companies with no prior ties to the crypto market have embraced the so-called bitcoin treasury strategy popularized by Michael Saylor.

----

China's Exports to U.S. Suffer Biggest Decline Since 2020

A U.S.-China trade truce wasn't enough to stem a sharp drop in shipments from China to America last month.

----

Japan's Economy Remains at Risk of Technical Recession, Data Shows

The Japanese economy shrank less than initially estimated in the first quarter but remains at risk of technical recession, which could delay the Bank of Japan's timeline for raising interest rates.

----

Export Controls to Take Center Stage at U.S.-China Trade Talks

The trade war's focus has shifted from tariffs to countries' curbs on critical products and materials.

----

Americans' Electric Bills Are Headed Higher With the Temperatures

Forecasts for a hotter-than-normal summer and more expensive natural gas mean pricier power.

(END) Dow Jones Newswires

June 09, 2025 21:15 ET (01:15 GMT)

Disney to Pay NBCUniversal Another $438.7 Million for Hulu Stake

Disney had estimated the value to be around $27.5 billion, while Comcast was looking for at least $40 billion. If Comcast's side had won out, Disney would be looking at an additional payment of about $5 billion.

----

Apple Unveils Array of New Software, but AI Comeback Remains Far Off

The iPhone maker releases live language-translation capabilities and a broad software redesign. Some AI upgrades remain delayed.

----

Synchrony Makes a Comeback in Credit Cards at Walmart

Walmart-backed fintech OnePay chose Synchrony to issue the retailer's credit cards. The company had handled Walmart's credit-cards for nearly two decades until 2018.

----

Warner Discovery Splits Cable From Marquee Streaming, Studio Businesses

The entertainment company is contending with a hefty debt load and a sagging stock price.

----

WPP CEO to Depart After String of Ad Client Defections

Chief Executive Mark Read-who has been at the company for more than 30 years-will retire from the board and as CEO on Dec. 31.

----

Crane to Buy Baker Hughes Precision Sensors Line for $1.15 Billion

Crane has agreed to acquire Baker Hughes' sensor-based technologies company for total cash consideration of $1.15 billion as it looks to expand its own portfolio.

----

Solar Bellwether's Bankruptcy Shows Green Energy's Woes Under Trump

One of America's largest rooftop-solar installation businesses filed for chapter 11 Monday, a stark illustration of the strains haunting the U.S. clean-energy sector as shifting federal policies shake investor confidence.

----

Merck Pill Lowers Cholesterol Levels. By How Much Is the Critical Point.

The medication could face competition from AstraZeneca, which is testing a different oral PSCK9 inhibitor.

----

Qualcomm to Buy Alphawave IP for $2.4 Billion

The deal for the U.K.-listed semiconductor company comes as Qualcomm seeks to boost its portfolio of technology for AI, data centers and storage.

----

Ken Moelis to Step Down as CEO of His Investment Bank

The longtime dealmaker says he expects the "smoothest transition ever in the history of Wall Street."

----

These Developers Can't Get Excited About Apple's AI Efforts

Some developers feel ambivalent about the artificial-intelligence releases coming out of Apple's annual developer gathering-a far cry from when WWDC was tech's main event.

----

Starbucks Cuts Prices in China Amid Sluggish Sales. What We Know.

The company has contended with fierce competition and sluggish growth in China.

----

RSM Plans $1 Billion Investment in AI Agents, Other Services

The accounting firm's U.S. unit plans to integrate generative AI into internal workflows and help middle-market companies with AI strategies.

----

Insurance Broker Aon Rides Tailwind From Tariff Uncertainty

Aon CFO Edmund Reese reviews growth opportunities and says inflation has generally been a net positive for the company.

----

Broadcom's AI Bonanza Has Limits

The chip and software giant is raking in money, but its valuation is sky-high.

(END) Dow Jones Newswires

June 09, 2025 19:15 ET (23:15 GMT)

Nasdaq Gains on Hopes for U.S.-China Chips Deal

The tech-heavy Nasdaq Composite climbed 0.3%, and the S&P 500 rose 0.1%.

----

Consumers Are Feeling Better About Inflation and the Economy, NY Fed Data Show

Perceptions about the labor market and household finances improved as well.

----

China's Exports to U.S. Suffer Biggest Decline Since 2020

A U.S.-China trade truce wasn't enough to stem a sharp drop in shipments from China to America last month.

----

Canada to Boost Military Spending to Try to Placate Trump

Prime Minister Mark Carney said Canada would spend money on military vehicles, drones, ammunition and sensors to monitor the Arctic.

----

GOP Senators' Competing Demands Risk Pulling Trump Megabill Apart

Lawmakers have taken differing stances on Medicaid cuts, green tax credits and business deductions.

----

Export Controls to Take Center Stage at U.S.-China Trade Talks

The trade war's focus has shifted from tariffs to countries' curbs on critical products and materials.

----

Japan's Economy Remains at Risk of Technical Recession, Data Shows

The Japanese economy shrank less than initially estimated in the first quarter but remains at risk of technical recession, which could delay the Bank of Japan's timeline for raising interest rates.

----

Taiwan Exports Growth Nears 15-Year High Amid Tariff Uncertainty

Despite the strong performance so far this year, Taiwan's statistics bureau expects exports to contract in the second half.

----

Will America's Unbalanced Trade Doom the Dollar?

Concerns that the U.S. trade deficit will drag down the dollar are overdone.

----

Irish Manufacturing Contracts Sharply as U.S. Import Boost Fades

April factory production was 13.7% lower than in March, a new sign that the eurozone economy was slowing after a strong start to the year as U.S. businesses stockpiled goods.

----

Businesses Are Bingeing on Crypto, Dialing Up the Market's Risks

More than 60 companies with no prior ties to the crypto market have embraced the so-called bitcoin treasury strategy popularized by Michael Saylor.

----

Americans' Electric Bills Are Headed Higher With the Temperatures

Forecasts for a hotter-than-normal summer and more expensive natural gas mean pricier power.

(END) Dow Jones Newswires

June 09, 2025 19:15 ET (23:15 GMT)

By Stephen Nakrosis

The California Housing Finance Agency plans to offer $84.1 million of limited obligation bonds to help finance construction of a new rental housing development in San Francisco.

Proceeds from the Limited Obligation Multifamily Housing Revenue Bonds, 2025 Issue P, will be loaned to MRK Partners, the project's developer, according to a preliminary official statement posted Monday on MuniOS. MRK has developed about 6,000 units of affordable housing across six states since 2015.

Proceeds from the offering will also be used to fund required reserve funds and pay issuance costs.

The securities will mature from July 1, 2027 through June 1, 2055, but that is preliminary and subject to change, according to the official statement.

Money from the sale will be used for the 300 De Haro project, a 425-unit multifamily residential housing development. The site will also include retail space, a fitness center, mail room and laundry facilities. The building will be made up of studio apartments that average 294-square feet in size. The project's total estimated cost is $263.4 million.

The California Housing Finance Agency was founded in 1975 as an independent state agency. It assists low- and moderate-income renters and homebuyers by through financing and programs.

Moody's has given the bonds a rating of Aa1.

Jefferies is listed as the offering's lead manager.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

-0-

(MORE TO FOLLOW) Dow Jones Newswires

June 09, 2025 18:45 ET (22:45 GMT)

By Kelly Cloonan

Sezzle said it has filed an antitrust lawsuit against Shopify alleging the company's business practices stifle competition for "buy now, pay later" service options on its e-commerce platform.

Digital-payments platform Sezzle said Monday it is seeking an injunction to prevent Shopify from continuing anticompetitive conduct. Sezzle said the lawsuit also seeks treble damages, or triple the amount of actual damages.

"This action is an important step in ensuring that merchants and consumers have access to diverse and innovative payment solutions of their choice," Sezzle Chief Executive Charlie Youakim said.

A representative for Shopify didn't immediately respond to a request for comment.

In the first quarter, sales from gross merchandise volume attributable to Shopify's e-commerce platform represented less than 5% of Sezzle's total revenue, Sezzle said.

The Minneapolis company also backed its fiscal year outlook, which guides for earnings per share of $3.25 and sales growth of 60% to 65%.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

June 09, 2025 18:38 ET (22:38 GMT)

Shares of power producers ticked down as traders rotated into more cyclical sectors.

Sunnova Energy International, one of the largest rooftop installers of solar panels -- which had a market value above $5 billion and more than 400,000 customers at its peak -- plans to sell or wind down its assets in bankruptcy.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

June 09, 2025 18:00 ET (22:00 GMT)

Communications-services companies fell slightly as traders awaited updates on inflation and trade negotiations.

Warner Bros. Discovery plans to split itself into two stand-alone publicly traded entertainment companies, separating its HBO MAX streaming service, movie studio and TV production business from its cable networks.

The Streaming & Studios spinoff will likely draw significant investor interest with its prestigious content business unburdened of the cable companies' substantial debt.

Advertising conglomerate WPP said Chief Executive Mark Read would step down at year-end, triggering a search for a successor as the advertising and marketing giant grapples with AI-driven change and fallout from tariffs that could hurt client spending.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

June 09, 2025 17:58 ET (21:58 GMT)

Shares of technology companies rose amid deal activity.

Chip designer Qualcomm agreed to buy U.K.-listed semiconductor company Alphawave IP Group for about $2.4 billion as it seeks to boost its portfolio of technology used for artificial intelligence, data centers and data storage.

Apple shares slipped after the Silicon Valley giant unveiled new live translation capabilities, group-chat upgrades, and other new software capabilities, but failed to meet lofty artificial-intelligence expectations at its Worldwide Developers Conference presentations.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

June 09, 2025 17:55 ET (21:55 GMT)

By Dean Seal

Shares of Cracker Barrel Old Country Store fell after the company said it plans to offer $275 million of convertible senior notes to institutional investors.

The stock was down 8.2% at $55.75 postmarket, almost completely unwinding the 9.7% jump during regular trading Monday.

The Tennessee-based chain of restaurants and attached general stores said after the closing bell that it plans to offer $275 million of convertible senior notes due in 2030. It also plans to grant initial notes purchasers an option to buy up to $41.25 million in additional notes.

Cracker Barrel said it would use proceeds from the offering to pay the cost of entering into privately negotiated capped call transactions with one or more of the initial notes purchasers that are intended to reduce or offset potential stock dilution from notes conversions. Remaining proceeds will be used for general corporate purposes.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

June 09, 2025 17:53 ET (21:53 GMT)

Shares of banks and other financial institutions rose in anticipation of elevated Treasury yields.

Treasury yields are often used as benchmarks for loans, and elevated borrowing rates typically buoy banks' profit margins.

Synchrony Financial will return as Walmart's store-brand credit-card provider after the world's largest retailer by sales ended its partnership with Capital One Financial.

Ken Moelis, the dealmaker who got his start with Michael Milken and launched an eponymous investment bank in 2007, is planning to step down as chief executive officer of Moelis & Co.

Global insurance broker Aon is benefiting from tariff uncertainty as its roster of global clients seek guidance on how to manage global trade issues and supply chain changes under the Trump administration.

Accounting firm RSM's U.S. unit plans to invest $1 billion in artificial intelligence over the next three years, well above its previous investments, in part to use AI agents to automate more tax and accounting workflows.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

June 09, 2025 17:49 ET (21:49 GMT)

Consumer companies rose as tariff worries subsided.

A survey of consumer sentiment revealed improved impressions of the inflation and economic outlooks, according to the Federal Reserve Bank of New York. One strategist said tariffs have now taken a back seat to budget negotiations -- in the eyes of investors at least.

"Lower taxes have the potential to increase corporate earnings," said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management. "Perhaps this is why the markets are within a few percentage points of all-time highs once again despite significant concerns over tariff policies and high degrees of uncertainties on multiple fronts."

U.S. coffee-shop chain Starbucks will lower prices for several drinks in China in an attempt to revive sales growth there.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

June 09, 2025 17:43 ET (21:43 GMT)

Health-care companies ticked down amid concerns about potential changes to Medicaid.

Drug giant Merck said a new cholesterol-lowering pill worked well in two late-stage trials, boosting the stock in morning trading even without disclosing data that would show how the medication stacks up against a potential rival.

Intuitive Surgical shares slid after the maker of robotic medical devices received a downgrade from a Wall Street brokerage.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

June 09, 2025 17:42 ET (21:42 GMT)

Shares of industrial and transportation companies rose amid optimism about trade negotiations.

Chinese and U.S. delegations met in London to discuss controls on rare-earth minerals and other exports.

Ireland's manufacturing output fell sharply in April, a new sign that the eurozone economy is slowing after a strong start to the year as U.S. businesses stockpiled goods ahead of expected tariff increases.

Industrial-equipment maker Crane agreed to buy oil-services giant Baker Hughes' sensor-based technologies company for about $1.15 billion in cash.

Transpacific freight rates fell by around 20% last week as a backlog of Chinese exports that kept boxships busy during the three-month tariff truce between Washington and Beijing cleared up faster than expected. In a good sign for Chinese economic activity, retail sales of passenger cars rose 13% in May from a year earlier to 1.93 million vehicles, data from the China Passenger Car Association showed.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

June 09, 2025 17:40 ET (21:40 GMT)

Producers of metals and other raw materials rose amid progress on a key issue in trade negotiations.

Chinese rare-earth companies rose after Beijing approved some export applications for the key industrial materials, which have been a sore point in trade tensions with the U.S. The move was interpreted as a positive sign for ongoing negotiations between high-level delegations of the two nations in London.

Gold futures rose, closing within 3% of their all-time highs, as investors bet inflation would pick up.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

June 09, 2025 17:38 ET (21:38 GMT)

Shares of energy companies rose as oil futures continued a recent recovery.

U.S. oil futures closed above $65 a barrel amid skepticism that the OPEC+ cartel has enough capacity to significantly increase production. Natural gas futures slid 3.9% to $3.64 a million British thermal units, weighed down by relatively mild early summer weather forecasts, particularly in the Northeast and Midwest of the U.S.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

June 09, 2025 17:36 ET (21:36 GMT)

Euro/dollar: 1.1422 dollars per euro (0.8755 euro per dollar)

--Today the euro gained 0.23% vs. the dollar

--Up three of the past four sessions

--Off 0.80% from its 52-week high of 1.1514 hit Monday, April 21, 2025

--Up 11.48% from its 52-week low of 1.0246 hit Monday, Jan. 13, 2025

--Rose 6.08% vs the dollar from 52 weeks ago

--Month-to-date it is up 0.64% vs the dollar

--Year-to-date the euro is up 10.29% vs the dollar

Data based on 5 p.m. ET values

Source: Tullett Prebon and Dow Jones Market Data

(END) Dow Jones Newswires

June 09, 2025 17:34 ET (21:34 GMT)

The WSJ Dollar Index is down 0.19 point or 0.20% today to 95.41

--Down three of the past four trading days

--Off 9.26% from its record close of 105.14 hit Tuesday, Sept. 27, 2022

--Today's closing value is the sixth lowest this year

--Off 7.92% from its 52-week high of 103.61 hit Friday, Jan. 10, 2025

--Up 0.22% from its 52-week low of 95.20 hit Monday, June 2, 2025

--Down 4.43% from 52 weeks ago

--Month-to-date it is down 0.44%

--Year-to-date it is down 7.35 points or 7.15%

Data based on 5 p.m. ET values

Source: Tullett Prebon and Dow Jones Market Data

(END) Dow Jones Newswires

June 09, 2025 17:34 ET (21:34 GMT)

Dollar/Mexican peso: 19.0435 Mexican pesos per dollar (0.0525 dollar per Mexican peso)

--Today the dollar lost 0.34% vs. the Mexican peso

--Largest one-day percentage decline since Monday, June 2, 2025

--Down for four straight sessions

--Down 1.05% over the last four sessions

--Largest four-day percentage decline since Thursday, June 5, 2025

--Longest losing streak since Friday, May 9, 2025 when the market fell for four straight sessions

--Down five of the past six sessions

--Lowest five pm New York rate since Tuesday, Aug. 20, 2024

--Off 8.66% from its 52-week high of 20.8489 hit Thursday, Jan. 16, 2025

--Up 8.07% from its 52-week low of 17.6216 hit Friday, July 12, 2024

--Rose 4.40% vs the Mexican peso from 52 weeks ago

--Month-to-date it is down 2.03% vs the Mexican peso

--Year-to-date the dollar is down 8.57% vs the Mexican peso

Data based on 5 p.m. ET values

Source: Tullett Prebon and Dow Jones Market Data

(END) Dow Jones Newswires

June 09, 2025 17:34 ET (21:34 GMT)

Dollar/Canadian dollar: 1.3702 Canadian dollars per dollar (0.7298 dollar per Canadian dollar)

--Today the dollar gained 0.02% vs. the Canadian dollar

--Up for two straight sessions

--Up 0.19% over the last two sessions

--Largest two-day percentage gain since Wednesday, May 28, 2025

--Off 5.73% from its 52-week high of 1.4535 hit Friday, Jan. 31, 2025

--Up 2.01% from its 52-week low of 1.3432 hit Tuesday, Sept. 24, 2024

--Down 0.43% vs the Canadian dollar from 52 weeks ago

--Month-to-date it is down 0.28% vs the Canadian dollar

--Year-to-date the dollar is down 4.75% vs the Canadian dollar

Data based on 5 p.m. ET values

Source: Tullett Prebon and Dow Jones Market Data

(END) Dow Jones Newswires

June 09, 2025 17:34 ET (21:34 GMT)

Dollar/Japanese yen: 144.61 Japanese yen per dollar (0.0069 dollar per Japanese yen)

--Today the dollar lost 0.17% vs. the Japanese yen

--Snaps a two session winning streak

--Off 10.57% from its 52-week high of 161.697 hit Wednesday, July 10, 2024

--Up 2.84% from its 52-week low of 140.613 hit Monday, Sept. 16, 2024

--Down 7.92% vs the Japanese yen from 52 weeks ago

--Month-to-date it is up 0.38% vs the Japanese yen

--Year-to-date the dollar is down 8.02% vs the Japanese yen

Data based on 5 p.m. ET values

Source: Tullett Prebon and Dow Jones Market Data

(END) Dow Jones Newswires

June 09, 2025 17:34 ET (21:34 GMT)

British pound/dollar: 1.3553 dollars per British pound (0.7378 British pound per dollar)

--Today the British pound gained 0.20% vs. the dollar

--Up three of the past four sessions

--Off 8.88% since the pre-Brexit vote level of 1.49 on Thursday, June 23, 2016

--Off 0.14% from its 52-week high of 1.3572 hit Thursday, June 5, 2025

--Up 11.39% from its 52-week low of 1.2167 hit Friday, Jan. 17, 2025

--Rose 6.45% vs the dollar from 52 weeks ago

--Month-to-date it is up 0.74% vs the dollar

--Year-to-date the British pound is up 8.30% vs the dollar

Data based on 5 p.m. ET values

Source: Tullett Prebon and Dow Jones Market Data

(END) Dow Jones Newswires

June 09, 2025 17:34 ET (21:34 GMT)

Ethereum is up $61.14 today or 2.42% to $2592.67

--Up four consecutive days, up 8.06% over this period

--Longest winning streak since May 11, 2025 when it rose for five straight trading days

--Best four day stretch since the four days ending May 22, 2025 when it rose 10.11%

--Up 1.95% month-to-date

--Down 22.48% year-to-date

--Down 45.99% from its all-time high of $4800.00 on Nov. 9, 2021 (based on 5 p.m. levels)

--Down 29.37% from 52 weeks ago (June 10, 2024), when it traded at $3670.69

--Down 35.99% from its 52-week high of $4050.30 on Dec. 16, 2024 (based on 5 p.m. levels)

--Up 75.25% from its 52-week low of $1479.38 on April 8, 2025 (based on 5 p.m. levels)

--Traded as high as $2592.67

--Up 2.42% at today's intraday high

Note: The Ethereum price is a 5 p.m. ET snapshot from Kraken

Data compiled by Dow Jones Market Data

(END) Dow Jones Newswires

June 09, 2025 17:30 ET (21:30 GMT)

The S&P MERVAL Index is down 45581.56 points or 2.11% today to 2111196.88

--Down eight of the past 10 trading days

--Off 25.39% from its record close of 2829730.44 hit Thursday, Jan. 9, 2025

--Lowest closing value since Thursday, May 8, 2025

--Off 25.39% from its 52-week high of 2829730.44 hit Thursday, Jan. 9, 2025

--Up 49.52% from its 52-week low of 1411953.38 hit Tuesday, July 30, 2024

--Rose 33.91% from 52 weeks ago

--Off 25.39% from its 2025 closing high of 2829730.44 hit Thursday, Jan 9, 2025

--Up 6.06% from its 2025 closing low of 1990621.29 hit Tuesday, April 8, 2025

--Month-to-date it is down 7.36%

--Year-to-date it is down 422437.77 points or 16.67%

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

June 09, 2025 17:21 ET (21:21 GMT)

The IPC Indice de Precios Y Cotizaciones is down 248.03 points or 0.43% today to 57813.38

--Largest one-day point and percentage decline since Friday, May 30, 2025

--Snaps a two-trading-day winning streak

--Down six of the past eight trading days

--Off 1.57% from its record close of 58735.86 hit Wednesday, May 28, 2025

--Up 15.16% from the Inauguration Day close of 50201.32 on Monday, Jan 20, 2025

--Off 1.57% from its 52-week high of 58735.86 hit Wednesday, May 28, 2025

--Up 18.38% from its 52-week low of 48837.72 hit Monday, Dec. 30, 2024

--Rose 8.83% from 52 weeks ago

--Off 1.57% from its 2025 closing high of 58735.86 hit Wednesday, May 28, 2025

--Up 18.09% from its 2025 closing low of 48957.24 hit Friday, Jan. 3, 2025

--Month-to-date it is down 0.05%

--Year-to-date it is up 8300.11 points or 16.76%

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

June 09, 2025 17:21 ET (21:21 GMT)

The Bovespa Index is down 402.72 points or 0.30% today to 135699.38

--Down for four consecutive trading days

--Down 1846.88 points or 1.34% over the last four trading days

--Largest four-day point and percentage decline since Monday, June 2, 2025

--Longest losing streak since Monday, June 2, 2025 when the market fell for four straight trading days

--Down eight of the past nine trading days

--Off 3.15% from its record close of 140109.63 hit Tuesday, May 20, 2025

--Lowest closing value since Wednesday, May 7, 2025

--Off 3.15% from its 52-week high of 140109.63 hit Tuesday, May 20, 2025

--Up 14.48% from its 52-week low of 118532.68 hit Friday, Jan. 3, 2025

--Rose 12.37% from 52 weeks ago

--Off 3.15% from its 2025 closing high of 140109.63 hit Tuesday, May 20, 2025

--Up 14.48% from its 2025 closing low of 118532.68 hit Friday, Jan. 3, 2025

--Month-to-date it is down 0.97%

--Year-to-date it is up 15415.98 points or 12.82%

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

June 09, 2025 17:21 ET (21:21 GMT)

The S&P/TSX Composite Index is down 53.33 points or 0.20% today to 26375.80

--Fourth highest close in history

--Snaps a two-trading-day winning streak

--Off 0.20% from its record close of 26429.13 hit Friday, June 6, 2025

--Up 5.22% from the Inauguration Day close of 25067.92 on Monday, Jan 20, 2025

--Today's closing value is the fourth highest this year

--Off 0.20% from its 52-week high of 26429.13 hit Friday, June 6, 2025

--Up 22.58% from its 52-week low of 21516.90 hit Wednesday, June 19, 2024

--Rose 19.51% from 52 weeks ago

--Off 0.20% from its 2025 closing high of 26429.13 hit Friday, June 6, 2025

--Up 17.19% from its 2025 closing low of 22506.90 hit Tuesday, April 8, 2025

--Month-to-date it is up 0.77%

--Year-to-date it is up 1647.86 points or 6.66%

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

June 09, 2025 17:21 ET (21:21 GMT)

Nasdaq Gains on Hopes for U.S.-China Chips Deal

The tech-heavy Nasdaq Composite climbed 0.3%, and the S&P 500 rose 0.1%.

----

Consumers Are Feeling Better About Inflation and the Economy, NY Fed Data Show

Perceptions about the labor market and household finances improved as well.

----

China's Exports to U.S. Suffer Biggest Decline Since 2020

A U.S.-China trade truce wasn't enough to stem a sharp drop in shipments from China to America last month.

----

Canada to Boost Military Spending to Try to Placate Trump

Prime Minister Mark Carney said Canada would spend money on military vehicles, drones, ammunition and sensors to monitor the Arctic.

----

GOP Senators' Competing Demands Risk Pulling Trump Megabill Apart

Lawmakers have taken differing stances on Medicaid cuts, green tax credits and business deductions.

----

Export Controls to Take Center Stage at U.S.-China Trade Talks

The trade war's focus has shifted from tariffs to countries' curbs on critical products and materials.

----

Japan's Economy Remains at Risk of Technical Recession, Data Shows

The Japanese economy shrank less than initially estimated in the first quarter but remains at risk of technical recession, which could delay the Bank of Japan's timeline for raising interest rates.

----

Taiwan Exports Growth Nears 15-Year High Amid Tariff Uncertainty

Despite the strong performance so far this year, Taiwan's statistics bureau expects exports to contract in the second half.

----

Will America's Unbalanced Trade Doom the Dollar?

Concerns that the U.S. trade deficit will drag down the dollar are overdone.

----

Irish Manufacturing Contracts Sharply as U.S. Import Boost Fades

April factory production was 13.7% lower than in March, a new sign that the eurozone economy was slowing after a strong start to the year as U.S. businesses stockpiled goods.

----

Businesses Are Bingeing on Crypto, Dialing Up the Market's Risks

More than 60 companies with no prior ties to the crypto market have embraced the so-called bitcoin treasury strategy popularized by Michael Saylor.

----

Americans' Electric Bills Are Headed Higher With the Temperatures

Forecasts for a hotter-than-normal summer and more expensive natural gas mean pricier power.

(END) Dow Jones Newswires

June 09, 2025 17:15 ET (21:15 GMT)

Apple Unveils Array of New Software, but AI Comeback Remains Far Off

The iPhone maker releases live language-translation capabilities and a broad software redesign. Some AI upgrades remain delayed.

----

Synchrony Makes a Comeback in Credit Cards at Walmart

Walmart-backed fintech OnePay chose Synchrony to issue the retailer's credit cards. The company had handled Walmart's credit-cards for nearly two decades until 2018.

----

Warner Discovery Splits Cable From Marquee Streaming, Studio Businesses

The entertainment company is contending with a hefty debt load and a sagging stock price.

----

WPP CEO to Depart After String of Ad Client Defections

Chief Executive Mark Read-who has been at the company for more than 30 years-will retire from the board and as CEO on Dec. 31.

----

Crane to Buy Baker Hughes Precision Sensors Line for $1.15 Billion

Crane has agreed to acquire Baker Hughes' sensor-based technologies company for total cash consideration of $1.15 billion as it looks to expand its own portfolio.

----

Solar Bellwether's Bankruptcy Shows Green Energy's Woes Under Trump

One of America's largest rooftop-solar installation businesses filed for chapter 11 Monday, a stark illustration of the strains haunting the U.S. clean-energy sector as shifting federal policies shake investor confidence.

----

Merck Pill Lowers Cholesterol Levels. By How Much Is the Critical Point.

The medication could face competition from AstraZeneca, which is testing a different oral PSCK9 inhibitor.

----

Qualcomm to Buy Alphawave IP for $2.4 Billion

The deal for the U.K.-listed semiconductor company comes as Qualcomm seeks to boost its portfolio of technology for AI, data centers and storage.

----

Ken Moelis to Step Down as CEO of His Investment Bank

The longtime dealmaker says he expects the "smoothest transition ever in the history of Wall Street."

----

These Developers Can't Get Excited About Apple's AI Efforts

Some developers feel ambivalent about the artificial-intelligence releases coming out of Apple's annual developer gathering-a far cry from when WWDC was tech's main event.

----

Starbucks Cuts Prices in China Amid Sluggish Sales. What We Know.

The company has contended with fierce competition and sluggish growth in China.

----

RSM Plans $1 Billion Investment in AI Agents, Other Services

The accounting firm's U.S. unit plans to integrate generative AI into internal workflows and help middle-market companies with AI strategies.

----

Insurance Broker Aon Rides Tailwind From Tariff Uncertainty

Aon CFO Edmund Reese reviews growth opportunities and says inflation has generally been a net positive for the company.

----

Broadcom's AI Bonanza Has Limits

The chip and software giant is raking in money, but its valuation is sky-high.

(END) Dow Jones Newswires

June 09, 2025 17:15 ET (21:15 GMT)

By Dean Seal

Disney has agreed to pay Comcast's NBCUniversal another $438.7 million for its stake in Hulu, tying up a lingering dispute over the fair value of the streaming service.

The pair of media companies reached a deal in December 2023 under which Disney would pay at least $8.61 billion for NBCUniversal's 33% interest in Hulu, but the sides continued to fight in arbitration over the ultimate value they would ascribe to Hulu.

Disney had estimated the value to be around $27.5 billion, while Comcast was looking for at least $40 billion. If Comcast's side had won out, Disney would be looking at an additional payment of about $5 billion.

The sides said Monday that a final equity fair value was assessed on June 9 and included the valuation of a third appraiser, resulting in the $438.7 million figure that Disney now owes. The payment is expected to dent Disney's net profits but will be excluded from its adjusted earnings.

The acquisition of NBCUniversal's Hulu stake is expected to close on or before July 24.

Disney said in a statement that it was pleased to have resolved the matter. "We have had a productive partnership with NBCUniversal, and we wish them the best of luck," the company said.

A Comcast spokeswoman said, "Hulu was a great start for us in streaming that generated nearly $10 billion in proceeds for Comcast and created an important audience for NBCUniversal's world-class content. We wish Disney well with Hulu and appreciate the cooperative way our teams managed the partnership."

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

June 09, 2025 17:09 ET (21:09 GMT)

By Stephen Nakrosis

FedEx on Monday said its board approved an increase to the company's quarterly cash dividend, to $1.45 per share from $1.38.

The new dividend, $5.80 on an annual basis, will be payable on July 8 to shareholders of record at the close of business on June 23.

Based on Monday's closing share price of $222.18, the new dividend represents a yield of 2.6%.

John Dietrich, the company's chief financial officer, said the company has increased its annual dividend for five consecutive years.

In June of last year, FedEx increased its quarterly dividend to $1.38 from $1.26.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

June 09, 2025 17:04 ET (21:04 GMT)

CoinDesk Bitcoin Price Index is up $2315.76 today or 2.18% to $108668.42

--Highest 4 p.m. level since May 27, 2025 when it traded at $109922.47

--Up four consecutive days, up 6.64% over this period

--Longest winning streak since May 22, 2025 when it rose for five straight trading days

--Best four day stretch since the four days ending May 22, 2025 when it rose 7.01%

--Up 3.73% month-to-date

--Up 16.33% year-to-date

--Down 2.96% from its all-time intraday high of $111986.44 on May 22, 2025

--Up 56.34% from 52 weeks ago (June 10, 2024), when it traded at $69509.97

--Down 2.96% from its 52-week intraday high of $111986.44 on May 22, 2025

--Up 113.71% from its 52-week intraday low of $49314.04 on Aug. 5, 2024

--Traded as high as $108816.75; highest intraday level since May 29, 2025 when it hit $108921.55

--Up 2.32% at today's intraday high

Note: CoinDesk Bitcoin Price Index (XBX) at 4 p.m. ET close

Data compiled by Dow Jones Market Data

(END) Dow Jones Newswires

June 09, 2025 16:35 ET (20:35 GMT)

The NASDAQ Composite Index is up 61.28 points or 0.31% today to 19591.24

--Up for two consecutive trading days

--Up 292.79 points or 1.52% over the last two trading days

--Largest two-day point and percentage gain since Wednesday, May 28, 2025

--Up five of the past six trading days

--Off 2.89% from its record close of 20173.89 hit Monday, Dec. 16, 2024

--Up 6.25% from the Election Day close of 18439.17 on Tuesday, Nov. 5, 2024

--Off 0.20% from the Inauguration Day close of 19630.20 on Monday, Jan 20, 2025

--Up 11.31% since tariffs were announced on Wednesday, April 2, 2025

--Highest closing value since Thursday, Feb. 20, 2025

--Off 2.89% from its 52-week high of 20173.89 hit Monday, Dec. 16, 2024

--Up 28.32% from its 52-week low of 15267.91 hit Tuesday, April 8, 2025

--Rose 13.95% from 52 weeks ago

--Off 2.32% from its 2025 closing high of 20056.25 hit Wednesday, Feb 19, 2025

--Up 28.32% from its 2025 closing low of 15267.91 hit Tuesday, April 8, 2025

--Month-to-date it is up 2.50%

--Year-to-date it is up 280.45 points or 1.45%

Data based on preliminary market closing values

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

June 09, 2025 16:28 ET (20:28 GMT)

The S&P 500 Index is up 5.52 points or 0.09% today to 6005.88

--Up for two consecutive trading days

--Up 66.58 points or 1.12% over the last two trading days

--Largest two-day point and percentage gain since Wednesday, May 28, 2025

--Up five of the past six trading days

--Off 2.25% from its record close of 6144.15 hit Wednesday, Feb. 19, 2025

--Up 3.86% from the Election Day close of 5782.76 on Tuesday, Nov. 5, 2024

--Up 0.15% from the Inauguration Day close of 5996.66 on Monday, Jan 20, 2025

--Up 5.91% since tariffs were announced on Wednesday, April 2, 2025

--Highest closing value since Friday, Feb. 21, 2025

--Off 2.25% from its 52-week high of 6144.15 hit Wednesday, Feb. 19, 2025

--Up 20.53% from its 52-week low of 4982.77 hit Tuesday, April 8, 2025

--Rose 12.03% from 52 weeks ago

--Off 2.25% from its 2025 closing high of 6144.15 hit Wednesday, Feb 19, 2025

--Up 20.53% from its 2025 closing low of 4982.77 hit Tuesday, April 8, 2025

--Month-to-date it is up 1.59%

--Year-to-date it is up 124.25 points or 2.11%

Data based on preliminary market closing values

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

June 09, 2025 16:27 ET (20:27 GMT)

The Dow Jones Industrial Average is down 1.11 points or 0.003% today to 42761.76

--Down three of the past four trading days

--Off 5.00% from its record close of 45014.04 hit Wednesday, Dec. 4, 2024

--Up 1.28% from the Election Day close of 42221.88 on Tuesday, Nov. 5, 2024

--Off 1.67% from the Inauguration Day close of 43487.83 on Monday, Jan 20, 2025

--Up 1.27% since tariffs were announced on Wednesday, April 2, 2025

--Off 5.00% from its 52-week high of 45014.04 hit Wednesday, Dec. 4, 2024

--Up 13.59% from its 52-week low of 37645.59 hit Tuesday, April 8, 2025

--Rose 10.02% from 52 weeks ago

--Off 4.72% from its 2025 closing high of 44882.13 hit Thursday, Jan 30, 2025

--Up 13.59% from its 2025 closing low of 37645.59 hit Tuesday, April 8, 2025

--Month-to-date it is up 1.16%

--Year-to-date it is up 217.54 points or 0.51%

Data based on preliminary market closing values

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

June 09, 2025 16:27 ET (20:27 GMT)

Insurance Broker Aon Rides Tailwind From Tariff Uncertainty

Aon CFO Edmund Reese reviews growth opportunities and says inflation has generally been a net positive for the company.

----

Businesses Are Bingeing on Crypto, Dialing Up the Market's Risks

More than 60 companies with no prior ties to the crypto market have embraced the so-called bitcoin treasury strategy popularized by Michael Saylor.

----

RSM Plans $1 Billion Investment in AI Agents, Other Services

The accounting firm's U.S. unit plans to integrate generative AI into internal workflows and help middle-market companies with AI strategies.

----

Ken Moelis to Step Down as CEO of His Investment Bank

The longtime dealmaker says he expects the "smoothest transition ever in the history of Wall Street."

----

Sundance Growth Raises a Quick $125 Million for Debut Fund

Early support from investor Accolade Partners helped swiftly drive the private-equity firm's debut software investment fund to its upper limit.

----

Financial Services Roundup: Market Talk

Find insight on eToro, Generali and more in the latest Market Talks covering financial services.

----

How to Invest When Everything Yields the Same

One option is to look elsewhere, outside the U.S., where some are betting on another "great convergence" among investment assets.

----

Get Ready for Inflation to Matter in Markets Again

New readings on consumer and producer prices could fuel volatility.

----

Crypto Exchange Gemini Files for IPO

Gemini, the crypto company controlled by the Winklevoss twins, filed its IPO plans with securities regulators after shares of Circle more than doubled during its first day of trading

----

SEC Weighs Further Loosening of Rules Barring Retail Investors From Private Funds

The SEC's investment management director said the regulator wants to let more retail investors into private-equity funds

----

Calpers Records 11% Private-Equity Gain for 2024

The country's largest public-pension fund is seeing positive early results from an overhaul of its private-equity program intended to break with its past inconsistency and disappointing returns.

----

The Future Ain't What It Used to Be for These Funds

Wall Street wants to sell more 'alternative' assets to small investors. The glory days for these assets may already be ending.

(END) Dow Jones Newswires

June 09, 2025 16:15 ET (20:15 GMT)

Oil Futures Gain As U.S., China Talk Trade

Oil futures rose with traders optimistic about U.S. trade talks with China while entertaining doubts about how much extra oil OPEC+ countries have put on the market since starting to unwind 2.2 million barrels a day in voluntary cuts in April.

----

Americans' Electric Bills Are Headed Higher With the Temperatures

Forecasts for a hotter-than-normal summer and more expensive natural gas mean pricier power.

----

Solar Bellwether's Bankruptcy Shows Green Energy's Woes Under Trump

One of America's largest rooftop-solar installation businesses filed for chapter 11 Monday, a stark illustration of the strains haunting the U.S. clean-energy sector as shifting federal policies shake investor confidence.

----

Energy & Utilities Roundup: Market Talk

Find insight on Gulf Development, Mahanagar Gas and more in the latest Market Talks covering energy and utilities.

----

EQT Buys Majority Stake in Waga Energy Ahead of Potential Takeover

The deal values the renewable natural gas producer at $611.4 million and EQT hopes the tie-up will create a global leader in biomethane production.

----

Oil Prices Have Stayed Unexpectedly Strong. One Wildcard Could Keep Them Rising.

----

Mexico's Pemex to Trim Costs With Restructuring-Related Job Cuts

Pemex is the world's most heavily indebted oil company, with debt of $101 billion at the end of the first quarter.

----

Clean-Energy Investment Set to Double Fossil Fuel Financing in 2025

Around $3.3 trillion will flow into the energy sector in 2025 and around $2.2 trillion of that will go to renewable and nuclear energy, energy storage, low-emission fuels, efficiency and electrification, the International Energy Agency said.

----

Senate pushes Russia tariffs that could jack up energy prices for American consumers

Americans may soon feel the pinch at the pump and on their utility bills, even as the Trump administration and congressional Republicans remain laser focused on boosting U.S. energy production.

----

U.S. Crude Oil Stockpiles Fall More Than Expected

U.S. crude oil inventories fell by 4.3 million barrels, more than the estimated drop of 1.3 million barrels.

----

Saudi Arabia Trims Flagship Oil Selling Price to Asia

Saudi Arabia lowered the July price of its Arab Light crude for Asian buyers after OPEC+ decided to accelerate output hikes.

----

Meta Signs Nuclear Power Deal to Fuel Its AI Ambitions

The tech giant will buy the power generation of an Illinois nuclear plant under a deal with Constellation Energy.

(END) Dow Jones Newswires

June 09, 2025 16:15 ET (20:15 GMT)

Analysts at Morgan Stanley in a report for clients released earlier Monday tried to match up production from certain OPEC+ members with the unwinding of 2.2 million b/d of cuts.

The aggregate production quota is currently about 1 million b/d higher than in March, but the bank's analysis noted that it is hard to see much of an increase in production from what it calls the Group of 8, the OPEC+ producers participating in the 2.2 million b/d voluntary cut.

Analysts at the bank acknowledged that oil market data can be very noisy and is often revised. While they rely on six different data providers to track OPEC production estimates, the gap between the highest and lowest output is a wide 700,000 b/d.

"Also, these estimates all come out with a lag. This means that so far, our usual data sources provide limited insight into the critical question whether OPEC production has actually risen by now," the report said.

Morgan Stanley has developed a proxy that combines several high-frequency data sets. After oil is produced, there are several ways it can go: direct to refineries; exported by sea or pipeline; put into storage; or used directly for power burn for example, the bank said.

For refinery operations, the bank assumes a 90% utilization rate. The bank noted, however, that countries like Iraq and Oman have seen refining struggles of late so analysts use a lower utilization rate. On the other hand, Algeria has higher utilization according to data from Sonatrach that suggests strong refinery runs.

The bank also uses tanker tracking services for exports but noted a country like the United Arab Emirates also imports, so it uses that to produce a daily net export rate. Meanwhile, pipeline exports currently do not occur in UAE, Kuwait, Oman or Iraq. But Russia, Kazakhstan, Saudi Arabia and Algeria all export via pipeline. There is no daily visibility, but monthly data shows the pipeline rates are steady.

Satellite imagery is used for daily inventory movements. The bank noted that this is only oil stored above ground in floating roof facilities but represents about 75% of onshore crude oil inventories.

Countries like Saudi Arabia, Iraq and Algeria use crude oil for power generation. According to the Joint Organization Data Initiative, the direct use in Iraq and Algeria is small, but in Saudi Arabia in the summer can top 700,000 b/d.

The bank acknowledged that there are plenty of limitations and sources of uncertainty, and that this is largely a proxy and not a precise instrument based on observable data. Compared to estimates from the International Energy Agency, Morgan Stanley's estimate is on average 0.6% lower, the bank noted.

Based on its proxy and methodology, it is hard to see an actual increase in production despite announced quota increases of 1 million b/d between March and June, the bank said.

Even with no observed production increases, the bank is sticking to its price forecast of $57.50/bbl Brent in the second half of this year and $55/bbl in the first half 2026.

The bank still assumes production increases of about 420,000 b/d over the next three months (between June and September) and half will come from Saudi Arabia.

The bank said it sees no reason to revise its supply-demand balances as of yet. Morgan Stanley still sees a surplus of 0.8 mb/d by the fourth quarter 2025 and 1.3 million b/d in 2026.

"Given that it is still early days in the unwinding of the production cuts, we do not revise our assumptions at this stage. Still, if there were to be no 'Group of 8' supply growth at all, our estimated 4Q25 and 2026 surpluses would fall to 0.3 and 0.5 mb/d respectively - still a surplus, but far less," the report concluded.

This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.

--Reporting by Denton Cinquegrana, dcinquegrana@opisnet.com; Editing by Michael Kelly, mkelly@opisnet.com

(END) Dow Jones Newswires

June 09, 2025 16:13 ET (20:13 GMT)

By Kelly Cloonan

The U.S. Food and Drug Administration has approved Merck's Enflonsia, a treatment to prevent respiratory syncytial virus lower respiratory tract disease in newborns and infants.

The company said Monday the approval is based on results from its Phase 2b/3 trial evaluating a single dose of the treatment for infants up to one year old.

The trial showed about a 61% reduction in RSV-associated lower respiratory infections or severity compared to a placebo through 5 months. It also demonstrated about an 84% reduction in RSV-associated hospitalizations, showing higher efficacy with increasingly severe cases of disease, the company said.

An advisory committee from the U.S. Centers for Disease Control and Prevention is expected to meet later this month to make recommendations regarding use of the treatment. The company expects orders of the treatment to begin in July, with shipments delivered before the start of the RSV season this fall.

Enflonsia aims to provide rapid protection through 5 months, or a typical RSV season, with the same 105 mg dose regardless of weight, the company said.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

June 09, 2025 16:00 ET (20:00 GMT)