Jack Henry & Associates Inc. is partnering with Google Cloud to launch an AI-based security service for financial institutions. In other news, Elon Musk's X platform is expanding its X Money payment service, Zerohash has introduced a staking-as-a-service feature for digital assets, and GrailPay secured $10.5 million in Series A funding. Visa and Mastercard also announced expansions in their consumer travel and lifestyle platforms, respectively.

Kroger has enhanced its loyalty program by allowing customers to redeem points for discounts on groceries, in addition to the existing fuel discounts. Shoppers receive $1 off in-store or online purchases for every 100 points, with a daily cap of $10, aligning Kroger with other grocers offering similar flexibility. This move reflects the company's focus on a simpler value proposition under its new CEO, Greg Foran, as it seeks to refine operations and better compete in the industry.

ON Semiconductor's shares fell 20% after the company announced its largest acquisition ever, purchasing Synaptics to expand into physical AI. CEO Hassane El-Khoury defended the deal, stating it complements their existing strong foundation and will add new markets and capabilities like edge AI for applications such as robotics and autonomous vehicles. The acquisition is expected to close in mid-2027 and generate significant annual synergies.

A $1.9 billion joint venture for a battery plant between Cummins Inc., Daimler Truck North America, Paccar Inc., and EVE Energy, initially set to begin production in 2027, has been put on indefinite hold. This decision, impacting the Amplify Cell Technologies project in Marshall County, Mississippi, is attributed to changing expectations regarding electric vehicle demand in the commercial sector. While construction continues partially, the production start date is uncertain, and Daimler has already recognized a partial impairment on its investment due to the delay.

Council Member Phil Wong met with Con Edison officials to discuss a prolonged power outage in Middle Village that affected residents near 69th Street and Eliot Avenue. The outage lasted four days and was attributed to severe storm damage and the failure of a backup generator. Wong pressed Con Edison on various issues including traffic signal outages, reimbursement for damaged goods, and long-term infrastructure improvements, with assurances that his office would continue to advocate for residents.

Tenon Medical (NASDAQ: TNON) has filed an S-1 registration statement to raise up to $3.5 million through the sale of common stock, pre-funded warrants, and common warrants. The medical device company plans to use the net proceeds to partially repay convertible notes, expand commercialization of its sacroiliac joint fusion systems, grow its sales force and distribution, fund clinical studies and R&D, and for general corporate purposes. The offering is a "reasonable best efforts" sale with no minimum, led by WallachBeth Capital as placement agent, and the company currently faces Nasdaq listing compliance issues regarding minimum bid price and stockholders' equity.

Public Storage, based in Frisco, has expanded into the Canadian market by acquiring Public Storage Canada for approximately $1.2 billion. This acquisition, comprising 68 properties and 5.3 million square feet, positions Public Storage for growth in key Canadian markets. The article also highlights Cornbread Hustle's acquisition by TruRecruiting, expanding its second-chance employment mission, and Mantle Energy's successful $5 million seed round to advance geothermal energy production from oil fields.

Kroger, Ahold Delhaize USA (ADUSA), and Hy-Vee are collaborating on a "Nourishing Change" initiative, including a conference planned for next year in Washington, D.C., to promote health and community well-being. This partnership aims to demonstrate the continued relevance of traditional grocery retailers in a changing market and to address food-related health problems collectively. While rivals often compete fiercely, this collaboration highlights the potential for joint efforts to counter challenges from large retailers like Walmart and Costco, though not all major players, such as Albertsons, are participating.

M&T Bank has launched the "Meet Me Downtown" initiative in Buffalo, a collaborative effort with public, private, and nonprofit partners to revitalize the city's downtown area. This program provides grant funding and support for community-focused events, aiming to increase foot traffic, support small businesses, and boost economic activity. Starting in July, the initiative will mobilize six headline events, including block parties, a street soccer cup, a picklefest, and a main block party, building on the success of a previous pilot program.

Moderna (MRNA) stock surged 14% to $68, significantly outperforming Merck (MRK) and Pfizer (PFE), which gained 2% each. This rally is attributed to an FDA advisory committee's unanimous endorsement of Moderna's flu vaccine and strong Q1 2026 revenue growth. Despite the impressive run and a 130% year-to-date gain, Wall Street analysts remain cautious, with a consensus price target of $43, well below current trading levels, and notable insider selling activity.