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Mornly

Friday, June 26, 2026

Top news

  • Venezuela hit by two major earthquakes on June 24, causing numerous deaths and triggering rescue efforts across Caracas and surrounding areas with buildings collapsed.
  • Supreme Court ruled migrants turned away at the U.S. border cannot apply for asylum, handing President Trump two major immigration victories in key decisions.
  • Europe endures record-breaking heat wave with red alerts issued across France, UK, and Spain, killing hundreds as extreme temperatures spread across the continent.

World

  • Venezuela's acting president said the death toll from powerful twin earthquakes was likely to rise, as USGS modeling suggested thousands may have been killed.
  • An Ebola outbreak is spreading across eastern Democratic Republic of the Congo, with more than 1,000 cases confirmed and more than 250 deaths reported in just over a month.
  • Punishing temperatures extended to the United Kingdom and Spain, where weather agencies issued red alerts about the risks of extreme heat for tens of millions of people.

Business

  • Merck agreed to acquire life sciences company Bio-Techne for $73 per share in the biggest recent deal.
  • Micron Technology crushed earnings expectations with revenue jumping to $41.46 billion and stock rallying 17 percent on strong AI demand.
  • Apple fell 6 percent after announcing price increases on MacBooks and iPads due to memory constraints.

Technology

  • Walmart signed a deal to buy 176 megawatts of nuclear power for 15 years.
  • SK Hynix plans to raise roughly $29 billion through a U.S. listing, racing to fund more capacity as AI demand drives explosive growth in high-bandwidth memory chips.
  • OpenAI unveiled its first custom AI chip, built with Broadcom, to control more of the infrastructure behind its models and reduce pressure on GPU supply.

Science

  • Researchers uncovered why H5N1 bird flu attacks cows' udders instead of their lungs, finding the virus's preferred receptors are concentrated in mammary tissue.
  • Scientists discovered hidden "footprints of death" that dying cells leave behind, packed with newly discovered particles that may help viruses spread.
  • A groundbreaking superconducting X-ray spectrometer began operation at BESSY II in Europe, boosting photon detection efficiency by up to 1,000 times.

Economy

  • Nonfarm payroll employment increased by 172,000 in May with the unemployment rate unchanged at 4.3 percent, driven by gains in leisure and hospitality.
  • Federal Reserve officials now project at least one rate hike this year, with nine seeing two or more, while nine expect no move or a cut, signaling a sharper shift toward inflation fighting.
  • PCE inflation projections were revised sharply higher to 3.6 percent for 2026 from 2.7 percent, with 2027 also raised to 3.3 percent from 2.7 percent, reflecting persistent price pressures.

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