Snap-on Inc. has acquired Diesel Laptops in a US$100 million cash deal, expanding its heavy-duty diagnostics and repair information capabilities. Diesel Laptops specializes in diagnostics and digital solutions for commercial trucks and off-highway vehicles, including its Diesel Repair platform. This acquisition follows Diesel Laptops' recent purchase of Preteckt, which added remote vehicle monitoring and predictive AI technologies.

Jane Street Group, along with its affiliates, has disclosed a collective beneficial ownership of 8.5% in Super Micro Computer, Inc. (SMCI), totaling 56,635,790 shares. This ownership includes 18,182,400 depositary-share equivalents from convertible preferred stock, and the percentage is calculated based on a denominator of 665,014,777 shares. The filing, a Schedule 13G, indicates a passive investment purpose across Jane Street Global Trading, Jane Street Capital, and Jane Street Singapore.

Broadridge Financial Solutions' Distributed Ledger Repo (DLR) platform processed $7.2 trillion in repo transactions in May 2026, with an average daily volume of $362 billion, marking a 220% year-over-year increase. This growth highlights the increasing institutional adoption of blockchain technology for liquidity and collateral management, as DLR streamlines repo activities by eliminating manual reconciliations and delays. Broadridge plans to expand DLR's capabilities to cover various tokenized securities across multiple asset classes, aiming to provide a unified framework for both traditional and digital markets.

Volato, the former fractional and jet card operator, has terminated its merger agreement with M2i Global and is attracting new investors. This decision followed Volato's evaluation of strategic alternatives, including unsolicited letters of intent. Simultaneously, Volato received a $2.2 million strategic investment led by Catheter Precision, which has also integrated Flyte's empty legs into Volato's Vaunt membership platform.

Shares of Entegris (ENTG), Penguin Solutions (PENG), and Skyworks Solutions (SWKS) experienced significant drops after chip stocks sold off. This decline was triggered by concerns over semiconductors being a "crowded trade" according to a Bank of America survey, higher-than-expected May import prices, and anticipation of a potentially hawkish Federal Reserve meeting. Skyworks Solutions, despite an 11.3% gain year-to-date, is still trading below its 52-week high, and long-term investors have seen substantial losses.

UBS has launched Trigger Autocallable Contingent Yield Notes linked to Analog Devices, Inc. (AMUB). These notes, totaling $500,000 and due in June 2028, offer quarterly contingent coupons if the underlying asset meets a coupon barrier and feature an automatic call option. Investors face credit risk from UBS and potential loss of principal if the notes are not called and the underlying asset falls below a downside threshold.

Cummins Inc. will provide natural gas generators for new large-scale data centers in West Texas. This initiative aims to supply continuous power to meet the high electricity demands of data center operations, addressing regional grid stability concerns. By utilizing natural gas-powered technology for on-site generation, the project supports sustainable energy infrastructure for high-density computing environments.

Wolfe Research has initiated coverage on Super Micro Computer (SMCI) with a "Peer Perform" rating. The firm acknowledges SMCI's strong position to benefit from AI infrastructure demand but highlights potential risks like margin pressure, customer concentration, and competitive pricing. Despite believing in SMCI's potential, Wolfe Research suggests other AI stocks might offer greater upside with less downside risk.

Myseum.AI and Scanon.ai have signed a Non-Binding Letter of Intent to form a joint development partnership. This collaboration aims to integrate Scanon's privacy-first AI and computer vision capabilities into Myseum.AI's Picture Party platform for enhanced content moderation and organization features, while also including a reciprocal revenue-sharing agreement and Myseum.AI's participation in Scanon.ai's next financing round. Both companies are committed to developing privacy-preserving tools to improve the social media experience.

CoStar Group Founder and CEO Andy Florance has launched Apartments.com AI, a new conversational apartment search experience utilizing artificial intelligence. This platform moves beyond traditional filters, acting as a virtual rental advisor that learns from user interactions, offering personalized recommendations based on lifestyle, location, budget, and amenities. This initiative follows the earlier introduction of Homes AI, reflecting CoStar Group's strategy to integrate AI with proprietary real estate data to enhance search experiences across its marketplaces like Apartments.com and Homes.com.