Major business developments include Apple's price hikes amid chip cost surges, SpaceX's shareholder control concerns, significant legal settlements on PFAS chemicals, and geopolitical impacts on energy markets and inflation following the Iran-US deal.

Apple raised prices on MacBooks and iPads by over $200 on some devices, citing soaring costs of memory and storage chips driven by the AI industry's datacenter demand as the primary reason for the increases.

SpaceX's upcoming IPO exemplifies a growing trend of dual-class share structures that concentrate voting power with founders while limiting shareholder influence, raising concerns about corporate governance in publicly traded companies.

Chemours agreed to pay $450 million in the first federal PFAS settlement, addressing the dumping of 'forever chemicals' linked to cancer and other health risks across multiple states.

The Supreme Court rejected a lawsuit against Bayer over Roundup weedkiller cancer claims, a decision likely to determine the fate of thousands of similar pending lawsuits against the manufacturer.

Inflation accelerated in May as Middle East tensions pushed energy prices higher, with the conflict impacting commodity costs and prompting the IMF to warn that price normalization will take time following the US-Iran deal.

Marianne Lake, a potential successor to JPMorgan CEO Jamie Dimon, is leaving the bank as Dimon enters his third decade leading the financial institution, creating uncertainty about leadership transition plans.

Congress passed bipartisan housing relief legislation as lawmakers from both parties seek to address Americans' economic concerns ahead of upcoming elections, demonstrating rare political cooperation.

A proposed Senate bill would raise the minimum wage to $25 per hour—the highest amount in current proposals—with Senator Chris Murphy arguing the increase could energize voters concerned about economic pressures.

Strait of Hormuz traffic increased sharply but remains at roughly half peacetime levels, while Iran appears to be asserting greater control over the critical waterway, creating fresh oil price volatility risks.

A fatal Tesla crash in Texas involving the Full Self-Driving (Supervised) feature is setting up a major legal showdown regarding the responsibility of autonomous driving technology in vehicle safety incidents.