Highlights:

• Senior Bankers Quit Wall Street Jobs for Corporate Roles in Asia — At least half a dozen senior dealmakers at global investment banks in Asia have resigned to join corporate roles as volatile bonus cycles drive talent toward less cyclical industries. Bloomberg

• Trump's Trio of NJ Prosecutors Ordered to Appear in US Court — A federal judge ordered three lawyers running the US Attorney's Office in New Jersey to testify about their controversial leadership structure after their appointment was ruled illegal. Bloomberg

• Cantor Hires Kelly From Barclays as NY Advisory Sales Co-Head — Cantor Fitzgerald hired Joe Kelly from Barclays to co-lead New York advisory sales as part of personnel moves to strengthen its core business. Bloomberg

• JPMorgan Hires Goldman's Zhang to Co-Head China IB Business — JPMorgan Chase hired Zhang Yi from Goldman Sachs to co-head its China investment banking business alongside Michelle Wang. Bloomberg

• China's Aluminum Industry Draws Raw Material Diverted by War — Chinese aluminum producers are positioned to benefit from rerouting of raw materials away from the Middle East. Bloomberg

• UAE Reopens Airspace After Brief Shutdown Amid Iran Strikes — The United Arab Emirates reopened its airspace early Tuesday after a full shutdown during which it intercepted drones and missiles. Bloomberg

• Delivery Hero Downsizes Loan, Widens Pricing Amid Market Turmoil — Delivery Hero downsized and widened pricing on its loan offering after struggling to gain traction in the primary market amid market turmoil. Bloomberg

• Asian Container Liners See Turnaround as Red Sea Remains Shut — Chinese and Taiwanese container liner earnings are improving as the Iran war dims hopes of Red Sea reopening and pushes up freight rates, reversing a year of declining profits. Bloomberg

• FAA Proposes Tighter O'Hare Cap Than Previously Planned — The FAA is proposing more extensive flight reductions at Chicago O'Hare than anticipated, forcing American Airlines and United Airlines to adjust planned expansions. Bloomberg

• Wall Street's 'Tax Alpha' Trades Are Saving Rich Investors Billions — Active managers are developing strategies to help wealthy Americans reduce their tax bills amid Treasury scrutiny. Bloomberg

• Europe Faces High War-Related Gas Prices Through 2027, HSBC Says — European natural gas prices will be 40% higher than previously projected for 2026 and remain elevated through 2027 due to the Iran war and Strait of Hormuz closure. Bloomberg

• RFK Jr.'s Changes to Vaccine Schedule, Panel Paused by Judge — A federal judge paused the Trump administration's decision to drastically reduce recommended childhood vaccines, halting Health Secretary Robert F. Kennedy Jr.'s changes to national immunization policy. Bloomberg