6-27
U.S. Supreme Court blocks Roundup cancer warning lawsuits, cutting Bayer’s liability exposure
In a 7-2 ruling, the U.S. Supreme Court said federal pesticide law bars state “failure-to-warn” claims against Roundup because the EPA does not require a cancer warning on the label. The decision blocks thousands of glyphosate-related suits against Bayer and reduces the company’s potential exposure to multibillion-dollar damages. Bayer said the ruling will significantly limit litigation and that it plans to pursue legislative protections.
6-27
6-21
Warsh holds first Fed meeting as chair, keeps benchmark rate at 3.5%-3.75% and pledges “price stability”
Kevin Warsh chaired his first FOMC meeting on June 17, keeping the federal funds rate at 3.5% to 3.75% while pledging the Federal Reserve would deliver “price stability.” He said the Fed cannot meaningfully move specific prices such as gasoline and groceries, but aims to prevent jumps in items like oil or food from spreading into broader inflation. Warsh also downplayed forward guidance and announced five monetary-policy task forces, signaling the central bank could change how it operates by year-end.
6-21
6-18
MotorTrend clocks 2026 Tesla Model 3 Performance at 2.9 seconds to 60 mph, starting at $56,380
MotorTrend testing puts the 2026 Tesla Model 3 Performance at 2.9 seconds to 60 mph, with an 11.1-second quarter mile at 123.2 mph, starting at $56,380. The outlet said the results outpace similarly priced alternatives, citing models such as the Corvette and the Hyundai Ioniq 5 N. The car is positioned as “attainable performance,” highlighting Tesla’s limited competition in mainstream high-performance EVs and its pricing leverage. The report frames the test as a stronger-than-expected product validation rather than earnings or delivery data, implying a medium-strength catalyst for the stock.
6-18
6-18
Sleep Number seeks Chapter 11 protection in New York, lines up $415M sale
Smartbed maker Sleep Number filed for Chapter 11 bankruptcy protection in New York on June 12 with about $672 million in debt. The company cited inflation, tariffs and supply chain disruptions that drove up costs and contributed to ongoing losses, including $319 million in net sales and a $50 million net loss in the first quarter of 2026. It plans to sell the business to Sleep Country Canada for $415 million, pending court approval. Operations are expected to continue during the restructuring, though the company said its common stock is likely to be canceled in the process.
6-18