Highlights:

• Lynas Expands Rare Earths Clout With First Batch of Samarium — Lynas Rare Earths has begun producing samarium in Malaysia, strengthening its position as a non-Chinese supplier of critical materials. Bloomberg Industries

• Gas Traders Assess Damage at World's Top LNG Plant in Qatar — Natural gas traders face potential market disruption after Qatar reported extensive damage to its world-leading LNG facility following Iranian strikes. Bloomberg Industries

• Elliott Builds Stake in Invisalign-Maker Align Technology — Elliott Investment Management has acquired a significant stake in Align Technology Inc., maker of Invisalign teeth-straightening products. Bloomberg Industries

• Chinese Funds Favor Petchems Over Metals as War Roils Futures — Chinese investors are shifting futures positions toward petrochemicals and away from base metals amid Middle East conflict fallout. Bloomberg Industries

• JPMorgan Shut China Tycoon's Account That Made Millions for Bank — JPMorgan Chase closed the private banking account of Tang Hao, a prominent Chinese investor. Bloomberg Wealth

• Australia Appoints Fuel Czar to Tackle Iran War Disruptions — Australia named former energy regulator Anthea Harris as fuel czar to manage price spikes and supply chain disruptions from Middle East conflict. Bloomberg Industries

• HSBC Mulls Deep Job Cuts From Multiyear AI-Fueled Overhaul — HSBC is considering significant workforce reductions as CEO Georges Elhedery pursues AI-driven automation of middle and back-office functions. Bloomberg Industries

• Study Shows Ozempic Is Linked to Lower Risk of Worsening Mental Health Issues — Swedish research found that Novo Nordisk's Ozempic and Wegovy users with depression and anxiety were less likely to experience mental health deterioration. Bloomberg Industries

• Wells Fargo Is Said to Hire UBS's Keller to Lead M&A Structuring — Wells Fargo appointed Derek Keller from UBS as managing director and head of M&A structuring. Bloomberg Industries

• Stryker Cyberattack Delays Surgeries for Some Patients — Stryker Corp. confirmed that its recent cyberattack has resulted in delayed surgeries for certain patients. Bloomberg Industries

• Jay-Z-Backed Whiskey Maker Uncle Nearest Battles Lender — Uncle Nearest, the brand honoring formerly enslaved distiller Nathan Green, faces legal and financial disputes with its lender. Bloomberg Industries

• Propane Is Spiking, Piling Another Pain Point Onto US Consumers — US propane prices are climbing nearly twice as fast as natural gas, adding to consumer cost pressures alongside gasoline and power. Bloomberg Industries