Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Instagram Outage Disrupts Thousands of U.S. Users 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Toyota Motor Corp's domestic output dropped 28.5 percent to 144,204 vehicles in May from a year earlier, declining for the third straight month due to a global chip shortage and a parts supply crunch caused by Shanghai's COVID-19 lockdown.
According to a major Japanese automaker, the pace of decline was the highest since January, when domestic production plunged 32.2 percent from the prior year.
Toyota had to halt production at a few of its Japanese factories because parts were hard to get by during the lockdown.
After floods in South Africa impacted its manufacturing, Toyota reported that its overall output in May decreased 5.3 percent from a year earlier to 634,940 units, falling short of its production goal of approximately 700,000 automobiles.
Although the lockdown in Shanghai was lifted on June 1, the difficulty in obtaining parts from the Chinese metropolis is still having an impact on Toyota's manufacturing.
Rivals Nissan Motor Co. and Honda Motor Co. increased operations at their plants, which resulted in a large increase in domestic production in May compared to a year earlier.
Nissan's domestic production increased by 77.9 percent to 26,799 units as sales of its new Note compact car model increased. Honda's production increased by 57.7% to 37,285 vehicles, demonstrating a significant recovery from a year earlier when domestic manufacturing sharply declined.
Conversely, Honda's global production decreased 14.5 percent to 244,368 units as a result of the chip scarcity and Shanghai's lockdown.
Nissan's global output increased by 1.7 percent to 231,732 cars, the first increase in 11 months, despite the chip shortage, thanks to strong domestic manufacturing.
According to industry data, the total domestic production of eight major Japanese automakers—including Toyota, Nissan, and Honda—fell by 16.0 percent in May to 396,433 vehicles as a result of the worldwide components shortage.
Their global output of 1.62 million units decreased by 0.2 percent.
