Highlights:

• Aluminum's Surge Propels Chinese Tycoon to $48 Billion Fortune — Zhang Bo's industrial empire, one of the world's largest aluminum producers, has grown significantly as aluminum prices surge. Bloomberg

• New Zealand Covid Curbs Saved Lives But Brought Social Fiscal Costs — An inquiry found that New Zealand's strict Covid-19 strategy limited infections and deaths but imposed significant social and economic costs through prolonged lockdowns and vaccine mandates. Bloomberg

• Key US Senator Investigates FDA Over Rare-Disease Drug Denials — A Republican senator has launched an investigation into the FDA's recent denials of rare-disease treatments, adding political pressure to an already troubled agency. Bloomberg

• Canadian Oil Exports to China Surge in Vancouver Port Data — Crude oil has become a major export through Canada's largest port, with China emerging as its most eager buyer. Bloomberg

• Disney Is Close to Naming Mazloum Chairman of Parks Unit — Disney is nearing a decision to name Thomas Mazloum as chairman of its parks, cruises, and consumer products division. Bloomberg

• Xi's Export Juggernaut Is Leaving China's Factory Workers Behind — Chinese factory workers powering an export boom report falling wages and vanishing jobs. Bloomberg

• Can Tapping Oil Reserves Tame the Iran War Price Shock? — Conflict in the Persian Gulf has prompted pressure on world leaders to tap strategic petroleum reserves like the US SPR to counter oil and gasoline price spikes. Bloomberg

• Industrial Firm Madison Air Files for IPO Showing Sales Rise — Madison Air Solutions Corp., a ventilation and filtration systems provider, has filed for an initial public offering. Bloomberg

• Vertex Rises After Kidney Drug Meets Goal in Late-Stage Trial — Vertex Pharmaceuticals shares rose as much as 11% after its kidney-disorder drug met its late-stage trial goal, supporting its strategy beyond cystic fibrosis treatments. Bloomberg

• Ultrapar's Lutz, Perfin Said to Be in Talks for 30% of Rumo — Ultrapar Chairman Marcos Lutz and infrastructure fund Perfin are in talks to acquire approximately 30% of Brazilian railway operator Rumo SA. Bloomberg

• Tesla Finance VP Exits in Latest Departure for Musk's EV Maker — A longtime Tesla executive is departing as the company shifts focus to artificial intelligence and robotics, continuing a pattern of recent departures. Bloomberg

• Venezuela Oil Buyer Says Its Cargo Is Sailing to Caribbean — North American Blue Energy Partners, backed by US energy magnate Harry Sargeant III, reports its tanker carrying Venezuelan crude is sailing to the Caribbean. Bloomberg