Kroger is set to acquire Pittsburgh-based supermarket chain Giant Eagle for $1.65 billion in cash and debt. Kroger's CEO stated that Giant Eagle is a strong strategic fit, allowing the Cincinnati-based grocery giant to expand its reach. This acquisition will enable Kroger to leverage Giant Eagle's presence while furthering its own operational strengths.

The European Commission has launched an antitrust investigation into Align Technology for alleged breaches of EU competition rules. The probe focuses on whether Align has unfairly tied its iTero intra-oral scanners to its Invisalign clear aligners, potentially forcing dental professionals to purchase iTero scanners to order Invisalign products. Align Technology denies wrongdoing, stating its iTero platform supports an open ecosystem and its policies ensure clinical quality, and has committed to cooperating with the investigation.

Carrier Global Corporation has completed the sale of its Riello business to Ariston Group for approximately $440 million. This divestiture aligns with Carrier's strategy of disciplined portfolio management, allowing them to focus resources on core climate and energy solutions. The proceeds from the sale are expected to enhance Carrier's ability to invest in innovation and value creation for its customers and shareholders.

Evernorth has launched "Pharmacy Forward," an AI-powered specialty pharmacy program aimed at enhancing patient care for complex conditions. The program, which will initially serve Accredo Specialty Pharmacy customers, seeks to improve coordinated care, accelerate prescription processing, and free up clinical teams by reducing documentation. Evernorth plans to invest $100 million by 2028 and expects to generate $400 million in value through the program's efficiency and patient outcome improvements.

Coca-Cola is returning for its 31st year as a partner of the ESSENCE Festival of Culture with its largest activation yet in New Orleans, running July 3-5. The event will feature performances by Mario, Coi Leray, and Destin Conrad, along with extensive HBCU programming, wellness experiences, and community-centered events. The campaign, "Every Side Shines," aims to celebrate the multidimensional brilliance of Black women, incorporating diverse programming and opportunities for founders, non-profits, and students.

A DCF analysis for L3Harris Technologies Inc (LHX) suggests the stock is significantly overvalued, with an intrinsic value of $179.92 based on earnings and $220.74 based on FCF, compared to its current price of $290.59. The GF Value™ also indicates overvaluation at $258.93, with a GF Score™ of 91/100 but a low predictability rank of 2/5, indicating lower reliability for the DCF model. Investors should consider these insights as all three valuation models — DCF earnings, DCF FCF, and GF Value™ — point to LHX being overvalued.

Fifth Third Bank has received an 'Outstanding' rating for customer service in the 2026 Kiplinger Readers' Choice Awards, based on feedback from over 4,200 active customers. This recognition highlights the bank's commitment to personalized service, customer-first approach, and continued investment in enhancing banking experiences through both digital and in-person channels. The award reflects customer satisfaction with features like Fifth Third Momentum® Banking and the bank's focus on building lasting relationships.

Federal Realty (NYSE:FRT) has appointed Paige Pitcher as Senior Vice President, Digital Innovation, effective July 1, 2026. In this new role, Pitcher will lead the company's applied AI and technology strategy across leasing, operations, and investment to enhance speed and efficiency. She brings over 15 years of experience in real estate, technology, and investment, previously leading innovation at Hines and driving AI integration for various real estate firms.

Agilent Technologies Inc. (NYSE: A) has launched Agilent xCELLigence RTCA eSight AI, an AI-powered software module designed to simplify label-free imaging analysis in real-time cell analysis. This new module reduces manual steps and variability, offering researchers a more consistent and efficient approach to understanding cell behavior. It integrates AI-driven analysis with the existing dual-readout capabilities of the xCELLigence RTCA eSight instrument, accelerating drug discovery and high-throughput biopharma research.

American International Group, Inc. (AIG) has appointed Nancy Bewlay as Executive Vice President, Global Chief Underwriting Officer, effective September 8, 2026. Bewlay, who previously served as Group Chief Underwriting & Pricing Officer at AXA Group, will be responsible for AIG's underwriting strategy and global underwriting organization. She brings over 30 years of experience in the insurance industry to her new role at AIG.