Morning Headlines

A powerful offshore quake hit southern Mindanao early Monday, killing at least 19 people, injuring more than 200, and sending a 1-meter tsunami into coastal villages. President Marcos declared emergency status, shut schools for 3.2 million students, and aftershocks as strong as 6.5 magnitude continued for hours.

Ukraine's top Western allies gathered in London to agree on scaling up interceptor production and co-developing anti-ballistic missile and deep-strike capabilities, the most concrete commitment to offensive aid since Russia fired Oreshnik hypersonic missiles at Ukrainian cities. The summit signals a shift from defensive to offensive posture among Ukraine's backers.

A Russian Shahed-type drone struck a nuclear-waste storage site near the Chornobyl Nuclear Power Plant in Kyiv Oblast overnight, while a barrage of 236 drones targeted cities across Ukraine. The Chornobyl strike raises immediate radiological concerns and follows Russia attacking two Ukrainian civilian search-and-rescue vessels in the Black Sea.

The US economy added 172,000 jobs in May—roughly twice what analysts forecast—while unemployment held at 4.3%, triggering a 'good news is bad news' market reaction: S&P 500 futures fell ~2.6%, Nasdaq futures dropped ~4.8%, and the 10-year Treasury yield surged to 4.54% as traders shelved Federal Reserve rate-cut bets.

A large observational study found women taking GLP-1 receptor agonists—the drug class behind Ozempic, Wegovy, and Mounjaro—were about 30% less likely to develop breast cancer than comparable non-users. The finding adds to growing evidence that this class of diabetes and weight-loss drugs may have broad anti-cancer properties.