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Crypto Breaking News

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Bloomberg

Oil Rallies as Conflict Over Hormuz Escalates With Fresh Strikes

Oil gained after the US carried out another wave of strikes against Iran, with the two sides disputing whether the Strait of Hormuz was open. Ed Morse, Senior Advisor and Commodity Strategist at Hartree Partners, discusses what's next for energy markets amid uncertainty in the Strait of Hormuz.

Read more: Oil Rallies as Conflict Over Hormuz Escalates With Fresh Strikes
Bloomberg

MGM Rises on Takeover Bid; SK Hynix Falls on Memory Pullback | Stock Movers

On this episode of Stock Movers: - MGM Resorts International (MGM) shares are rising on a report regarding a potential takeover bid from Barry Diller. - SK Hynix (SKHY) shares are lower and other memory stocks are also falling. It is lower over concerns with the sustainability of artificial-intelligence spending. The drop in South Korean trading is likely to cause a hit to the American depositary receipts as well. The debate between the optimists and pessimists will continue, which should create volatility, according to Hendi Susanto, portfolio manager at Gabelli Funds. - Agenus (AGEN) shares are moving higher on news of a deal that it's selling up to $3540 million worth of securities.

Read more: MGM Rises on Takeover Bid; SK Hynix Falls on Memory Pullback | Stock Movers
Bloomberg

Rockefeller Capital's Fleming: I Regret Having to Sell Merrill Lynch

Rockefeller Capital Management President and CEO Greg Fleming says selling Merrill Lynch remains his biggest career regret, reflecting on whether more could have been done to preserve the iconic firm. This interview was recorded for Bloomberg Wealth with David Rubenstein on May 13, 2026.

Read more: Rockefeller Capital's Fleming: I Regret Having to Sell Merrill Lynch