The U.S. Department of Energy said it will provide $17.5 billion in conditional loans to help utilities and energy companies purchase long-lead equipment for five nuclear projects. The program is designed to support the goal of having 10 new large commercial reactors with completed designs under construction by 2030. Projects must be jointly owned with Westinghouse, with each partner committing $500 million in equity up front, for a total of $1 billion. The financing structure also requires lining up major power buyers such as AI data center hyperscalers, including Meta, which are seeking steady, large-scale baseload electricity.

The average rate on a benchmark 30-year fixed mortgage fell to 6.47%, the lowest level in more than a month, according to Freddie Mac data. The U.S. and Iran signed a temporary ceasefire framework that calls for an immediate halt to hostilities, the reopening of the Strait of Hormuz and limits on Iran’s uranium enrichment. The Federal Reserve kept rates unchanged, and new Chair Kevin Warsh signaled a renewed emphasis on price stability, leaving markets expecting long-term rates to remain slow to fall in the near term. The shift lifted sentiment toward housing-related stocks, but borrowing costs remain high and have not reversed the deterioration in affordability.

Waymo is recalling nearly 3,871 vehicles running its 5th Generation Automated Driving System after 13 incidents in which robotaxis entered closed freeway construction zones in places including the San Francisco Bay Area. The company has halted autonomous freeway operations while engineers work on a software fix, which was still in development as of June 13. The defect could allow vehicles to pass ramp-closure signage, enter closed areas and continue traveling at posted speeds, according to an NHTSA recall report.

Apple CEO Tim Cook told The Wall Street Journal that the company is facing sharp increases in DRAM and NAND prices as AI companies buy up large volumes of memory and storage chips, tightening supply. Cook said Apple has tried to absorb the increases but can no longer fully shield customers, putting products such as the iPhone Pro under price pressure. TechInsights estimates Apple would need to add about $270 to the next iPhone Pro model to maintain profit margins. After the report, Apple shares fell 1.10% to $295.95.

美联储6月FOMC会议一致决定维持联邦基金利率在3.5%-3.75%不变，主因通胀仍高于2%目标且受中东冲突引发的能源供应冲击影响。点阵图显示9名委员预计2026年底前加息，6人预期两次25基点加息；核心PCE通胀预测为3.6%，失业率4.3%，GDP增速2.2%。该决议对原油构成直接上行催化，对美股指数形成利率路径收紧预期压力。

Johnson & Johnson said it will invest $55 billion in the United States over the coming years to expand manufacturing for medicines, medical technology and vision products, including more than $1 billion for a new facility in Jacksonville, Florida. CEO Joaquin Duato said the decision was supported by Trump-era tax policies, access to domestic talent and what he called an improved investment environment. He also said the company is focusing on science and innovation and sees a path to double-digit growth by the end of the decade, supported by 28 product platforms generating more than $1 billion each.

The Federal Reserve is expected to keep the federal funds rate unchanged at 3.5%-3.75% at this week’s FOMC meeting as May CPI inflation accelerated to 4.2% year over year, the highest since April 2023 and well above the 2% target. Newly appointed Chair Kevin Warsh is set to hold his first postmeeting press conference, with investors watching for clues on the path for rate cuts. CME FedWatch puts the probability of no change in June at 98.4%, with expectations for cuts later this year cooling sharply. The shift in the macro backdrop has reinforced higher-for-longer rate expectations, weighing on risk assets.