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Ironwood Pharmaceuticals (NASDAQ:IRWD) secured expanded U.S. regulatory clearance for its blockbuster drug Linzess, making it the first and only prescription medication available for young children suffering from functional constipation.

AkzoNobel has rejected a joint 12.49 billion-euro ($14.53 billion) all-cash takeover proposal from Japan’s Nippon Paint Holdings and U.S.-based The Sherwin-Williams Company (NYSE:SHW), choosing instead to advance its previously agreed-upon merger with Axalta Coating Systems.

Lululemon Athletica Inc. is ending a long-running fight with founder Chip Wilson. It will appoint two of his nominees to the board following this year's annual meeting. Bloomberg's Romaine Bostick reports.

Micron has experienced a significant market surge, surpassing a $1 trillion valuation driven by robust demand in the artificial intelligence sector. Despite this, the company remains undervalued, trading at under 10 times forward earnings. Bloomberg Intelligence's Jake Silverman has more on "Bloomberg Open Interest."

CBL Properties (NYSE:CBL) completed the sale of Hammock Landing, an open-air shopping center in West Melbourne, Florida, for $78.5 million as part of its ongoing capital reallocation program.

Alpha Compute (NYSE:ALP) closed its previously announced majority acquisition of gaming and digital rewards platform GAMEE, expanding its footprint into digital consumer applications and establishing a newly formed business division called Alpha Games.

An unofficial draft of a peace deal says the Strait of Hormuz would return to normal within a month, according to Iranian state television. It also says the the US naval blockade would end. Oil prices fell on the news. It's unclear what the US has agreed to. Bloomberg's Tyler Kendall reports.

Strategists at Goldman Sachs increased their year-end target for the US benchmark to 8,000 points, ditching a previous forecast of 7,600. They see earnings growth powered by the AI boom driving further gains in stocks. Michael Msika reports on Bloomberg Television.

Katrina Paglia, chief legal officer at Pantera Capital Management, joins Isabelle Lee and Tim Stenovec on "Bloomberg Crypto." A key Senate panel recently moved forward the so-called Clarity Act even as bank associations said the bill "falls short."

Jim Caron, Morgan Stanley Investment Management portfolio solutions CIO, says this is a stock pickers market, but it's still very important to have a diversified portfolio. He speaks on "Bloomberg Surveillance."

Kaos Capital, an activist hedge fund based in Miami, has acquired a 4.9% stake in BioRestorative Therapies (NASDAQ:BRTX) and plans to push the biotechnology company to pivot toward artificial intelligence opportunities.

Diana Shipping (NYSE:DSX) sweetened its all-cash hostile bid to acquire rival dry bulk carrier Genco Shipping & Trading (NYSE:GNK) for $1.433 billion, escalating pressure on the target company's board while prolonging its concurrent proxy fight.