Zurich Insurance Group disclosed changes to its U.S. equity portfolio for the second quarter of 2026. The Swiss insurer sharply increased its holdings in AMD and Eli Lilly. It also reduced its position in Microsoft, reflecting an allocation shift during the quarter.

The United States and Iran reported new reciprocal attacks near the Strait of Hormuz. President Donald Trump said the U.S. military targeted Iranian sites in the area. Iran said it also took action against U.S. targets. The escalation has raised concerns over threats to a key oil shipping route, lifting fears of supply disruptions and boosting safe-haven demand.

Stoxx said the Euro Stoxx 50 index will change its constituents, with Engie and Nokia set to replace Volkswagen (VW) and Prosus. The adjustment is expected to prompt passive funds that track the index to rebalance their positions.

A committee in Switzerland’s National Council is planning to amend the banking law to raise capital requirements for systemically important banks. The proposal would take a different approach from the path previously recommended by the Federal Council. UBS shares retreated after the news emerged.

The European Union has approved a breast cancer drug combination jointly developed by AstraZeneca and Daiichi Sankyo. The decision grants the therapy market access across Europe.

CrowdStrike reported second-quarter results with revenue up 26% year over year to $1.47 billion. Annual recurring revenue (ARR) surged 51% from a year earlier. The company also raised its full-year guidance, underscoring continued strong demand for cybersecurity.

South Korea released its latest trade figures, showing total exports rose 68.7% year on year. Semiconductor exports were especially strong, surging 209% from a year earlier to a record high. The data lifted shares of Samsung Electronics and SK hynix.