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Citigroup, Cantor, BMO Capital Markets, RBC Capital Markets, and other institutions are among the underwriters for this issuance. According to the company's report, in the fiscal year ending March 31, 2026, its Konkola copper mine recorded net sales of $1.33 billion, compared to approximately $398 million a year earlier. Expand

```htmlThe Dow Jones rose by 228.91 points, an increase of 0.45%, to 51,307.79 points; the Nasdaq gained 7.09 points, up 0.03%, at 27,093.90 points; the S&P 500 index rose by 9.94 points, an increase of 0.13%, to 7,609.90 points.2. Marvell Technology closed up 32.52%, with a trading volume of $28.249 billion. The company received endorsement from NVIDIA CEO Jensen Huang, achieved record revenue for the latest quarter, and sharply revised its revenue guidance upward.3. Trump stated that dialogue between the United States and Iran has been ongoing.4. On Tuesday, Trump signed an executive order requiring AI companies to provide relevant models to the government 30 days before their public release.5. On the 2nd, the European Central Bank released a report showing that by the end of 2025, gold will account for 27% of the total global official reserve assets, while the proportion of US Treasury bonds will fall to 22% during the same period, making gold the largest global official reserve asset.6. On Tuesday, Microsoft announced a series of comprehensive AI initiatives, including autonomous office assistants, smart devices, PCs equipped with NVIDIA chips, and new internal reasoning models.7. SpaceX is requesting to lower IPO underwriting fees, but Wall Street investment banks are still expected to share $500 million in income.8. A shell company connected to Musk purchased $55 billion worth of land on the outskirts of Houston.9. NBA star Stephen Curry's agreement with Li-Ning is worth more than $400 million.```

① 09:30 (UTC+8) Australia's Q1 GDP annual rate

The company will disclose its price range and the number of shares it plans to issue in the updated document. The company can officially begin its IPO roadshow 15 days after the document is made public. Finalizing the terms on the night before the roadshow begins will give investors more time to assess the valuation, especially considering that, according to Bloomberg News, SpaceX plans to conduct a relatively short roadshow and could set the price as early as June 11.

According to the CME "FedWatch": there is a 98.6% probability that the Federal Reserve will keep rates unchanged in June, and a 1.4% probability of a cumulative 25 basis point rate cut. By July, the probability of the Federal Reserve keeping rates unchanged is 92.4%, with a 6.3% probability of a cumulative 25 basis point rate hike, and a 1.3% chance of a cumulative 25 basis point rate cut. By December, the probability that the Federal Reserve will keep rates unchanged is 49.3%, the probability of at least a 25 basis point rate hike is 50%, and the probability of a cumulative 25 basis point rate cut is 0.7%.

At the same time, the hedge fund has agreed to abide by a “standstill” clause lasting until 2028. Under the terms of the agreement, Saba Capital commits not to initiate proxy contests or undertake other confrontational actions during the specified period. This move aims to ease tensions between both parties and create a stable environment for future cooperation.The settlement involves several funds, including the Voya Asia Pacific High Dividend E and the Voya Emerging Markets High Divide. The agreement marks the end of a long-standing dispute.Saba Capital is well-known for actively promoting reforms in closed-end funds, often pressuring management by nominating board candidates. The new agreement will temporarily put such actions on hold, providing fund managers with operational certainty.Analysts point out that such standstill agreements are not uncommon in the fund industry and typically help avoid costly proxy battles. Both parties look forward to achieving joint growth in fund net asset value and shareholder interests during the term of the agreement.

This move aims to integrate resources, optimize management structure, and enhance operational efficiency. After the merger, the original assets of IHD and IAE will be managed in a diversified manner by the professional team of Voya Multi-Manager Emerging Markets Equity Fund, with a focus on investment opportunities in emerging market equities. The fund merger is expected to bring investors a more concentrated investment strategy, lower operating costs, and more efficient capital utilization. Voya stated that this adjustment aligns with its long-term strategy, aiming to strengthen its asset management capabilities in the emerging markets sector and create sustained value for holders. Currently, the relevant merger procedures have been initiated and subsequent developments will be disclosed in accordance with regulations.

Bond traders continue to bet on rising yields, although they have trimmed some of the most aggressive positions. The US core employment data to be released on Friday may further reinforce market expectations of a Federal Reserve interest rate hike. Recently, the US bond market has been dominated by bearish sentiment. Rising crude oil prices, combined with inflation levels persistently above target, have pushed benchmark Treasury yields significantly higher and prompted traders to increase bets on a rate hike as early as this year. Although market sentiment has somewhat improved amid hopes for a ceasefire deal between the US and Iran, traders overall still maintain defensive positions. The US 10-year Treasury yield has retreated from a two-week high near 4.69% to below 4.5%, but remains significantly above the lows seen at the start of this year. Bank of America strategists stated in their latest weekly report: "Current market positions still favor shorts." They added, "Even though the upward momentum is not as clear as before," the direction of positioning should still lean toward higher yields.