China industrial enterprises above designated size: year-to-date profits up 18.8% YoY in May, versus 18.2% previously.

Sources told Axios the Trump administration is close to allowing Anthropic to restore access to its Fable 5 model, which has been offline for 15 days amid government security concerns; insiders say restrictions could be lifted as soon as next week and communications are expected to continue over the weekend, with Anthropic expecting access to be restored shortly. On Friday the Commerce Department permitted Anthropic to restore limited access to Mythos 5 for a small number of trusted users. Semafor reported Commerce Secretary Lutnick wrote that Anthropic has cooperated with the US government to address risks related to Mythos 5 and Fable 5, that substantial progress has been made, and that the company has committed to work with the government on agreements, standards and releases.

President Zelenskiy said Ukrainian "Flamingo" missiles struck a weapons factory in Russia's Volgograd region.