US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook 
Canada and Germany Advance Major LNG Supply Partnership 
Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment 
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns 
Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar 
New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices 
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks 
Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path 
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes 
U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil 
Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge 
European Stocks Rise as AI Optimism Offsets U.S.-Iran Tensions 
ECB’s Philip Lane Warns Middle East Conflict Could Keep Inflation Elevated 
Oil Prices Jump After New U.S. Strikes on Iran Raise Supply Concerns 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
Starboard Value’s Investment in Kenvue Inc.
Activist hedge fund Starboard Value has taken a "sizeable" stake in Kenvue Inc., according to *The Wall Street Journal*. While the exact percentage of the investment is undisclosed, Starboard is pushing for changes aimed at boosting Kenvue's stock price. Kenvue, which was spun off from Johnson & Johnson in 2023, has seen its stock underperform both its industry peers and the broader market since its debut.
Kenvue’s Strong Consumer Brands
Kenvue boasts several well-known consumer brands, such as Tylenol, Listerine, and Band-Aid. Despite its strong portfolio, Kenvue's stock performance has been relatively muted in 2024, while the S&P 500 has surged by 24%. Starboard believes that these valuable brands are not yet reflected in the company’s current valuation.
Starboard’s Broader Strategy
This is not the first major move by Starboard Value. The hedge fund, led by CEO Jeff Smith, recently acquired a $1 billion stake in pharmaceutical giant Pfizer and has been involved in advocating for changes at tech companies like Salesforce, Autodesk, and Match Group.
