Asia markets open mixed as U.S.-Iran tensions escalate after ship seizure

Asia-Pacific markets were mixed Monday as a U.S. seizure of an Iranian vessel deepened tensions, keeping investors on edge.
Eli Lilly in advanced talks to acquire Kelonia Therapeutics for over $2 billion, WSJ says

A deal could be reached as soon as Monday and could include additional payments tied to Kelonia meeting certain milestones, The Wall Street Journal reported.
Dow futures drop 400 points as Iranian war tensions escalate: Live updates

President Donald Trump on Sunday said the U.S. had fired on and seized an Iranian-flagged cargo ship in the Gulf of Oman.
Oil prices jump after Iran and U.S. attack commercial ships as tensions escalate over Strait of Hormuz

Crude oil prices surged Sunday, as the U.S. and Iran teetered on the brink of a renewed war after attacks on commercial ships in the Strait of Hormuz.
AI startup Cursor in talks to raise $2 billion funding round at valuation of over $50 billion

Artificial intelligence startup Cursor in talks to raise a $2 billion fundraising round at an over $50 billion valuation, which does not include the investment.
Trump says U.S. struck and seized Iranian-flagged cargo ship in Gulf of Oman

The seizure is an apparent escalation of a U.S. naval blockade, and comes after Iran fired upon commercial vessels transiting the Strait of Hormuz earlier on Sunday.
Businesses can claim refunds for Trump tariffs ruled unconstitutional starting Monday

A refund system for businesses that paid tariffs ruled unconstitutional by the U.S. Supreme Court is scheduled to launch Monday.
FBI Director Kash Patel vows to sue The Atlantic over article claiming he abuses alcohol

The Atlantic on Friday published a detailed article citing more than two-dozen sources that made bombshell claims about the FBI director’s behavior.
Software stock dogs have joined market rally. There’s a classic investing lesson in the rebound

In a 2026 market that had Microsoft down close to 20%, looking for opportunities to buy after big drawdowns is coming to more tech and software stocks.
Amazon, USPS and the risk of a widening delivery divide in rural America

The new deal between Amazon and the U.S. Postal Service has many implications, maybe none greater than what it means for package delivery to rural Americans.