Beijing responded to the G-7 leaders’ firm language toward China by rejecting Biden’s suggestion that a thaw in U.S.-China relations was imminent. https://ift.tt/9XdyhNl

U.S. and NATO leaders are coalescing around a vision for shoring up Ukrainian defenses and seeking to guarantee the country’s sovereign future as Kyiv enters a pivotal stage in its war with Russia. https://ift.tt/0bEGWfm

Chevron deepened its commitment to oil-and-gas drilling in the U.S., spending $6.3 billion to acquire PDC, a rival with sizable operations in Texas and Colorado. https://ift.tt/D7hiZzS

Applied Materials said it would invest as much as $4 billion in a new California facility to conduct research on tools for making semiconductors. https://ift.tt/pRdmtzl

Facebook owner Meta Platforms was fined $1.3 billion by European Union regulators for sending user information to the U.S., a record privacy penalty for the bloc. https://ift.tt/IjHift6

Exploiting China’s ban on Micron products won’t be easy for South Korea or memory-chip rivals Samsung and SK Hynix, as geopolitics complicate what could be a welcome opportunity to boost sales. https://ift.tt/169sTrV

Asian Currencies Mixed as Traders Digest U.S. Debt-Ceiling Talks, Fed Officials’ Comments https://ift.tt/zdTrM9m

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Gold Steady; Focus on U.S. Debt-Ceiling Talks https://ift.tt/kAeZt0l

Oil Rises on Prospects for Strong Gasoline Demand https://ift.tt/E7VvH1F