Sun Gir CEO Harshad Dharod is closing 10 Carl's Jr. locations and selling 49 others in California, citing California's $20 minimum wage and a lack of support from Carl's Jr. as reasons for the company's Chapter 11 bankruptcy filing. Dharod, who operates 65 Carl's Jr. franchises, claims to be losing over $600,000 per month despite generating over $6 million in monthly revenue. The impacted stores, mostly in Los Angeles County, are expected to be sold by the end of summer.

Gelteq (ASX:GELS) has successfully completed veterinary palatability trials with Kemin Industries, validating its gel-based delivery platform for animal health. The trials demonstrated strong canine acceptance and effective masking of bitter flavors, confirming the technology's potential for veterinary pharmaceutical applications. These results are expected to strengthen Gelteq's position for strategic partnerships within the animal health sector.

Gelteq Limited successfully completed veterinary palatability trials with Kemin Industries, validating its proprietary gel-based delivery platform for animal health applications. The trials demonstrated strong canine acceptance and the technology's ability to mask bitter flavors, which is crucial for developing animal therapeutics. This success is expected to strengthen Gelteq's position in the veterinary therapeutics landscape and facilitate strategic partnerships.

The Gross Law Firm has issued a shareholder alert for Zoetis Inc. (NYSE: ZTS), announcing a securities class action lawsuit. The complaint alleges that Zoetis made misleading statements and failed to disclose critical information regarding its products, including weakening prescription growth for Librela due to FDA safety warnings, loss of market share for Simparica Trio, and substantial market share loss for Apoquel and Cytopoint. Shareholders who purchased ZTS shares between January 14, 2025, and May 6, 2026, are encouraged to contact the law firm, with a lead plaintiff deadline of July 27, 2026.

J.P. Morgan's Global Markets Conference 2026 highlighted expert perspectives on investment, risk, and technology, revealing that global markets show resilience despite conflicts and inflation, with the U.S. and emerging markets leading growth. Geopolitical tensions are significantly impacting market pricing, trade policies, and investment, while AI has become a major driver of earnings and risk management. The conference also addressed revised growth and inflation forecasts, commodity outlooks, and critical risk factors in private credit markets.

Penumbra has received FDA clearance for its Thunderbolt computer-assisted vacuum thrombectomy device, designed for clot removal in stroke patients. This approval is seen as a significant win for Boston Scientific, which is in the process of acquiring Penumbra for $14.5 billion. Analysts project that the Thunderbolt technology could generate an additional $100 million in revenue for Boston Scientific over time.

Amazon is partnering with Corning Inc. in a multibillion-dollar deal to expand data center infrastructure, creating approximately 1,000 advanced manufacturing jobs in North Carolina. This expansion builds on Amazon's prior $10 billion investment in North Carolina's cloud computing infrastructure. The partnership will also include a workforce development program to train fiber optic technicians, strengthening the domestic supply chain and manufacturing base.

Weyerhaeuser Co. shares are being re-evaluated by investors due to current interest rates and fluctuating lumber prices. The company operates timberlands, real estate, and wood products, with its REIT status making it sensitive to housing activity and economic conditions. Its dividend framework and balance sheet strategy are key factors in its valuation, alongside its strong position in sustainable timber management.

Former President Donald Trump's recent warning to Iran has brought defense stocks back into investor focus, despite the lack of new policy announcements. Geopolitical risks often drive investment towards aerospace and defense companies, as heightened military tensions lead to increased security spending and modernization programs. This shift in attention comes after months where artificial intelligence and semiconductor stocks dominated the market, highlighting how investors often react to geopolitical uncertainty by seeking refuge in defensive sectors.

Bragar Eagel & Squire, P.C. has announced a class action lawsuit against Graphic Packaging Holding Company (NYSE: GPK). The lawsuit alleges that Graphic Packaging made false and misleading statements about its inventory management, demand, costs, and business model between February 4, 2025, and February 2, 2026. Investors who purchased Graphic Packaging securities during this period have until July 6, 2026, to apply to be appointed as lead plaintiff.