Travelers has filed a lawsuit against Houston Specialty Insurance Company, alleging that Houston Specialty refused to defend a general contractor, Linn-Mathes, in a construction injury case, despite having covered another party, Wells Concrete, under the same policy and for the same incident. Travelers argues that Creative Erectors' subcontract required both Wells and Linn-Mathes to be named as additional insureds. The lawsuit seeks a court declaration that Linn-Mathes is an additional insured, and an order for Houston Specialty to defend and indemnify Linn-Mathes, and repay Travelers' defense costs.

MIAMI INTERNATIONAL HOLDINGS, INC. director Cynthia Schwarzkopf reported receiving equity awards, not market trades. She acquired 4,970 shares and 2,267 shares of common stock through stock awards at no cash price, and was granted a nonqualified stock option for 5,142 shares with an exercise price of $40.24. These transactions represent routine director compensation, and after these grants, Schwarzkopf directly holds 88,545 common shares and 5,142 options.

Two builders, Sundt/Kiewit (SKJV), have sued AIG and National Union Fire Insurance Company, alleging wrongful denial of coverage after a cement truck injured a worker. The dispute centers on whether a verbal agreement requiring SKJV to be an additional insured counts as a "contract or agreement" under the insurance policy's wording, which doesn't define these terms. SKJV is seeking at least $2,000,000.00 plus legal fees.

Adobe has launched Brand Visibility, a new unified solution that integrates Semrush’s AI visibility intelligence with Adobe’s content optimization capabilities. This offering is designed to help businesses enhance their presence across AI search platforms like ChatGPT and Google AI Mode and boost customer engagement. The solution provides marketers with insights from nearly 300 million AI search prompts, audience reach data, and competitive share-of-voice to optimize content for both human and AI agents.

Apple is reportedly preparing to launch a second-generation iPhone Air in spring 2027. This new model, codenamed V62, is expected to include a second rear camera for ultrawide-angle photography, aiming to boost the appeal of the slimmer device.

Marathon Petroleum Corp. (MPC) shares dropped 2.34% on Wednesday, closing at $244.61. This underperformance occurred on a poor trading day for the broader market, with both the S&P 500 and Dow Jones Industrial Average experiencing declines. This marks the third consecutive day of losses for Marathon Petroleum's stock.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc. with a trade date of June 17, 2026, and maturity on June 22, 2028. These notes pay periodic contingent coupons if the underlying stock meets a barrier on observation dates, are subject to early automatic call, and repay principal at maturity based on the final level relative to a downside threshold. Investing in these notes carries significant risks including potential loss of principal, as payments are subject to UBS's creditworthiness and the performance of Freeport-McMoRan stock.

FirstEnergy (NYSE: FE) has appointed three senior leaders—Chris Beam, Hanneke Counts, and Daniel Puscas—to strengthen operational performance, advance its safety culture, and accelerate enterprise-wide technology transformation. These strategic hires aim to improve system reliability, standardize risk-based safety practices, and modernize IT systems to enhance performance for customers, employees, and stakeholders. Each new leader brings over two decades of relevant industry experience to their respective roles.

Nucor (NYSE: NUE) projects second-quarter 2026 earnings of $4.70-$4.80 per diluted share, including a non-cash benefit from an investment in Helion. Excluding this benefit, adjusted earnings are expected to be $4.50-$4.60 per diluted share. The company anticipates increased earnings across all three operating segments, with the steel mills segment showing the largest rise due to higher selling prices and volumes.

The U.S. is facing a shortage of breast biopsy needles due to a recall by Hologic Inc. earlier this year, which could delay breast cancer diagnoses. The shortage, expected to last until March 2027, stems from reports of metal and plastic pieces dislodging from the needles and remaining in patients. This issue is causing significant challenges for breast imaging practices and carries risks such as infection and diagnostic delays.