MOST RETAIL INVESTORS IN SPACEX IPO NOW UNDERWATER AFTER RECORD FIRST-WEEK BUYING

Most retail investors who bought SpaceX ($SPCX) during its IPO are now sitting on losses.

Retail investors purchased a net $405 million of SpaceX shares in the stock’s first five trading days—the largest first-week retail buying for any IPO on record.

The sharp reversal highlights the risks of chasing high-profile IPOs amid elevated valuations and strong retail enthusiasm.
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JAPAN’S $76 BILLION U.S. TREASURY SALE HIGHLIGHTS FOREIGN EXIT FROM U.S. DEBT MARKET

Japan sold $76 billion of U.S. Treasuries in a single month, while Turkey’s foreign exchange reserves have fallen nearly 83% year over year, highlighting continued pressure on overseas holders of U.S. assets.
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GOLDMAN SACHS WARNS SOUTHEAST ASIA COULD FACE FOOD SUPPLY SHOCK

Goldman Sachs expects Southeast Asia to face a potential food supply shock as higher oil and fertilizer prices linked to the Middle East conflict drive up food costs, compounded by the risk of a strong El Niño event in late 2026.
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Australia Confirms Fourth H5 Avian Flu Case in Wild Birds; Fifth Suspected Case Under Investigation

Australia has now confirmed four wild birds infected with the highly pathogenic H5 avian influenza (H5N1) strain.

Authorities are investigating a fifth suspected case, with confirmatory laboratory testing underway.
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Overnight, Ukrainian Defense Forces have targeted important military plant "Titan Baricady" in Volgograd, Russia with several Flamingo cruise missiles.
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Plant is the manufacturer of parts for Iskander-M, Yars, Topol-M, Oreshnik ballistic missiles, as well as other military equipment
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Red-alert heatwaves are becoming Europe's new normal. Investors are paying attention
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Trump's threats to withdraw US troops from Germany creates risk and opportunity for affected communities
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Owner of car searched by police after Beijing tower plane crash identified
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DISASTER IN VENEZUELA: Delcy Rodríguez: "I received a call from President Donald Trump and Secretary of State Marco Rubio, who reaffirmed the support of the United States Government at this difficult time for Venezuela
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Anti-Rohingya sentiment in Malaysia draws concern from religious leader
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Gadget prices have fallen for decades. Then AI happened
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BYD Chairman Wang Chuanfu met Shaanxi Provincial Party Secretary Zhao Yide and Governor Zhao Gang on Friday, the latest in a series of meetings with leaders across at least five provinces since March
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U.S. DOJ must explain why it won’t prosecute Gautam Adani: U.S. judge
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Indian Space Research Organisation said it successfully conducted a hot test of its semi-cryogenic engine power head at 88% of its target thrust, marking a key milestone in the development of a new propulsion system
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Pakistan’s Foreign Ministry said Minister Mohammad Ishaq Dar spoke by phone Friday night with Iranian Foreign Minister Abbas Araghchi
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ministry said Dar stressed Pakistan’s commitment to playing a constructive role in efforts to achieve lasting peace and stability in the region and beyond.
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Mistrust between the Treasury and MoD is holding back UK defence
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Ireland seeks EU money to keep Aughinish Alumina open
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IRAN EYES BILLIONS IN ANNUAL FEES, SEEKS LONG-TERM CONTROL ROLE IN STRAIT OF HORMUZ
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Former Iranian diplomat Sadegh Kharrazi said his uncle Kamal Kharrazi, a former foreign minister and senior adviser to slain Supreme Leader Ali Khamenei, was killed inside a hospital after what he described as “infiltration,” suggesting the method involved inhalation. Iranian media previously said Kharrazi died April 9 from injuries sustained in an airstrike on his home.
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