1. Israel and Hezbollah have reportedly agreed to a ceasefire set to take effect at 4 PM local time, causing Brent and WTI crude futures to turn negative.
2. Markets have fully priced in a 25 basis point Fed rate hike in September, while CME data shows a 39.6% probability for a July hike.
3. AbbVie is nearing a deal to acquire biotech firm Apogee Therapeutics for almost $11 billion.
Middle East Ceasefire Calms Oil, Fed Hike Expectations Firm, Biotech M&A Heats Up
