Highlights:

• Blackstone Talks on $4 Billion New World Deal Stall Over Control — Blackstone's acquisition discussions with Hong Kong developer New World Development have stalled due to the controlling family's reluctance to cede control. Bloomberg

• Asian LNG Prices Surge to Three-Year Peak Over Iran Conflict — Asian liquefied natural gas hit its highest level since 2023 as Middle East tensions forced Qatar's largest export plant offline and disrupted Strait of Hormuz shipping. Bloomberg

• Musk Tweet on Pausing Twitter Deal Was Frustration, Adviser Says — Elon Musk's 2022 tweet pausing his Twitter acquisition offer reflected frustration, though his team continued deal negotiations behind the scenes, according to testimony from his financial adviser. Bloomberg

• Saudi Oil Storage Fills Fast on Hormuz Disruption — Saudi Arabia's major oil storage facilities are filling rapidly as the Strait of Hormuz remains effectively closed to shipping due to regional conflict. Bloomberg

• Tennis Channel Added to Amazon as Part of Broader Streaming Push — The Tennis Channel is expanding its online presence through Amazon. Bloomberg

• Australia, Canada Pensions Sign First Deal to Boost Investment — More than a dozen Canadian and Australian pension funds signed a landmark agreement to increase cross-border investment between the two countries. Bloomberg

• Starbucks to Open Nashville Office to Aid Supply Chain Growth — Starbucks is establishing a new corporate office in Nashville to support expansion in the South and Northeast US. Bloomberg

• Goldman's Top Lawyer to Testify on Epstein Ties in Congress — Goldman Sachs General Counsel Kathryn Ruemmler will testify before Congress about her interactions with Jeffrey Epstein, weeks after announcing her departure from the firm. Bloomberg

• American Blames United's 'Reckless Scheduling' for O'Hare Woes — American Airlines attributes Chicago O'Hare airport congestion and regulatory flight reductions to United Airlines' overscheduling at the hub. Bloomberg

• US Sour Crude Surges on Early Signs of Middle East Disruptions — A key US oil grade reached a six-year high as Japanese buyers increase US crude purchases amid Middle East supply pressures from Iran conflict. Bloomberg

• Moderna to Pay About $1 Billion to Settle Arbutus Litigation — Moderna agreed to pay $950 million to settle patent litigation over its mRNA delivery technology, eliminating a financial risk for the vaccine maker. Bloomberg

• Novo's Latest Ozempic Ad Misleads Viewers, FDA Says — The FDA issued a notice that Novo Nordisk's latest Ozempic advertisement contains false or misleading claims, following a similar warning about its Wegovy ad last month. Bloomberg