Here are the most important news items that investors need to start their trading day.
Wednesday over the company's failure to get approval before closing its deal to buy Grail. Illumina's acquisition of the cancer test developer has been trouble since the deal closed in 2021. It sparked a fight with activist investor Carl Icahn, while Francis deSouza abruptly quit as CEO in May despite surviving a proxy vote. Illumina's market value has also tumbled to about $29 billion today from around $75 billion when the Grail deal was finalized.
Ukraine President Volodymyr Zelenskyy wants stronger guarantees from NATO as his country remains under attack by Russian forces. While the U.S. and other Western nations have poured aid into Ukraine's effort to defend itself against Vladimir Putin's military, Zelenskyy wants his nation to join NATO, which considers an attack on one of its members an attack on all of them.
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Why Mission Impossible 7 Releases On A Wednesday, Explained By Cruise vs Nolan FeudMission: Impossible - Dead Reckoning Part One releases early on a Wednesday, and the decision is explained by Tom Cruise and Christopher Nolan's feud.
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Chicago weather: Strong to severe storms possible Tuesday, WednesdayEnjoy the pleasant weather while it lasts, because showers and storms are expected throughout the week and into the upcoming weekend.
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Chicago First Alert Weather: Afternoon showers Tuesday, stronger storms WednesdayRain is on the way.
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Dallas under heat advisory until Wednesday night; temperatures will ramp up later in weekMajority of North Texas was placed under a heat advisory through Wednesday evening as storms moved through the region giving way to triple-digit temperatures.
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Powerball drawing reaches $725 million for WednesdayAfter the jackpot was not hit for the 35th straight time Monday, the Powerball grand prize is up to $725 million for Wednesday’s lottery drawing.
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