Verizon (VZ.N) expects to recognize about $350 mln of severance charges and to record a roughly $700-$800 mln loss in Q2.

The National Energy Administration said May 2026 market-traded electricity volume was 626.8 TWh, up 23.6% YoY. By scope, intra-provincial trading was 490.6 TWh (+26.9%) and inter-provincial/inter-regional trading was 136.2 TWh (+12.9%). For January–May 2026, cumulative market-traded volume was 3,057.3 TWh, up 24.8% YoY; intra-provincial 2,436.1 TWh (+28.5%), inter-provincial/inter-regional 621.2 TWh (+12.2%).

Hong Kong tech stocks extended gains: Bilibili (09626.HK) rose more than 8%, Baidu (09888.HK) rose over 7%; JD.com (09618.HK) and Meituan (03690.HK) also climbed.