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Two weeks from President Donald Trump’s deadline to reach trade deals, some of the talks aimed at clinching agreements to avoid higher tariffs are struggling to get over the finish line.

A ship that caught fire in the Pacific Ocean earlier this month has sunk. The vessel was carrying about 3,000 vehicles, of which about 800 were EVs.

The Brazilian company is expected to price a three-part offering of debt due in 10, 30 and 40 years on June 23, according to a person with direct knowledge of the matter.

The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world’s most important oil chokepoint.

Tanker rates extended gains as tensions in the Middle East ratchet higher, with shipowners demanding bigger fees to call at ports in the Persian Gulf after the U.S. launched strikes on Iran.

Workers have achieved the 47% completion mark to lower the historic Howard Street Tunnel by 2 feet to allow double-stacked rail containers to travel to and from the Port of Baltimore.

“It is with profound sadness and a heavy heart that I share that Frederick W. Smith, our founder and executive chairman, died earlier today,” CEO Raj Subramaniam wrote June 21.

A potentially explosive June 17 emergency hearing in the Superior Court of Cobb County in Georgia was canceled after the two companies settled. Neither provided details on what it involved.

“Patrick is a world-class operator with the relevant experience to lead GXO through its next phase of growth,” GXO Board Chairman Brad Jacobs said.

The Pentagon has terminated the $17.9 billion Global Household Goods contract, a controversial program that has been beset by complaints and widespread criticism.