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11:Teb1,This is CNBC’s live blog covering European markets.Zara owner Inditex flags slowing summer sales as quarterly revenues miss expectationsMike Kemp | In Pictures | Getty ImagesA shopper carrying two large bags from clothing retailer Zara on Oxford Street in London, U.K., on Feb. 5, 2024.Zara owner Inditex on Wednesday posted weaker-than-expected quarterly sales while flagging a slower start to the summer season than last year amid broader economic uncertainty.The Spanish retailer reported revenues of 8.27 billion euros ($9.44 billion) in the fiscal first quarter covering Feb. 1 to April 30, slightly shy of the 8.39 billion euros forecast by LSEG analysts.Net income came in at 1.3 billion euros for the quarter, compared to the 1.32 billion euros analysts estimated.— Karen GilchristU.S.-China trade agreement: What you need to knowBloomberg | Bloomberg | Getty ImagesU.S. Commerce Secretary Howard Lutnick speaks to members of the media while arriving for trade talks at Lancaster House in London, UK, on Tuesday, June 10, 2025.The U.S. and China have reached an agreement on trade, representatives from both sides said after a second day of high-level talks in London, with the deal now awaiting a nod from the leaders of the two countries.“We have reached a framework to implement the Geneva consensus and the call between the two presidents,” U.S. Commerce Secretary Howard Lutnick told reporters.Chinese restrictions on rare-earth exports to the U.S. are a “fundamental part” of the latest agreement and the U.S. expects the issue “will be resolved in this framework implementation,” Lutnick said.He indicated U.S. restrictions on sales of advanced tech to China in recent weeks would be rolled back as Beijing approves rare-earth exports.Read the full story here.— Evelyn ChengHere are the opening callsMike Kemp | In Pictures | Getty ImagesSkyline view of the City of London financial district from the viewpoint in Greenwich Park in London, United Kingdom. Good morning from London, welcome to CNBC’s live blog covering European financial market action as well as the latest regional and global business news, data and earnings.Futures data from IG suggests London’s FTSE will open 14 points lower at 8,852, Germany’s DAX down 105 points at 23,925, France’s CAC 40 down 9 points at 7,788 and Italy’s FTSE MIB 95 points lower at 40,082.Global markets are having a mixed reaction to news that U.S. and Chinese officials reached a tentative consensus on trade after a second day of talks in London. The negotiators will now seek approval on the framework from the U.S. and Chinese presidents.Asia-Pacific markets climbed overnight on the apparent breakthrough, but U.S. stock futures inched lower, with investors also looking ahead to May inflation data.— Holly EllyattWhat to keep an eye on todayEric Thayer | Bloomberg | Getty ImagesAn Aldi supermarket in Alhambra, California, in 2024.Global markets will be keeping a close eye on the latest U.S. inflation report for May.Economists polled by Dow Jones expect a 0.2% month-over-month increase, while the headline consumer price index is anticipated to have grown 2.4% on an annual basis. Hotter-than-expected data could spook investors who are already on edge over inflationary pressures and the trajectory of Federal Reserve rate cuts.Traders will be keeping an eye on the Nvidia keynote address at the VivaTech conference in Paris on Wednesday, as well as Goldman Sachs’ annual European Financials Conference.Meanwhile, U.K. investors will be looking out for the government’s “Spending Review,” in which it sets out day-to-day spending and investment plans for all government departments. Earnings are set to come from retail giant Inditex.— Holly Ellyatt12:T13fa,LEBANON, Tenn., June 10, 2025 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (NASDAQ:CBRL), today announced the upsizing and pricing of its offering of $300.0 million aggregate principal amount of 1.75% convertible senior notes due 2030 (the "notes") in a private offering only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The aggregate principal amount of the notes to be issued in the offering was increased to $300.0 million from the previously announced $275.0 million. Cracker Barrel also granted the initial purchasers of the notes an option to purchase, for delivery within a period of 13 days from, and including, the date the notes are first issued, up to an additional $45.0 million aggregate principal amount of notes. The issuance and sale of the notes are scheduled to settle on or about June 13, 2025, subject to customary closing conditions.The notes will be senior, unsecured obligations of Cracker Barrel and will accrue interest at a rate of 1.75% per annum, payable semi-annually in arrears on March 15 and September 15 of each year, beginning on March 15, 2026. The notes will mature on September 15, 2030, unless earlier converted, repurchased or redeemed. Before March 15, 2030, the notes will be convertible by the noteholders only under certain circumstances and during certain periods, and irrespective of those circumstances, will be convertible by the noteholders on or after March 15, 2030 until the close of business on the second scheduled trading day immediately preceding the maturity date. The initial conversion rate will be 13.8455 shares of Cracker Barrel's common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $72.23 per share of Cracker Barrel's common stock, which represents a premium of approximately 32.5% over the last reported sale of $54.51 per share of Cracker Barrel's common stock on June 10, 2025). The conversion rate is subject to adjustment upon the occurrence of certain events. Cracker Barrel will settle conversions by paying or delivering, as applicable, cash and, if applicable, shares of its common stock at Cracker Barrel's election, based upon the then-applicable conversion rate.The notes will also be redeemable, in whole or in part, for cash at Cracker Barrel's option at any time on or after September 15, 2028 and on or before the 30th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of Cracker Barrel's common stock exceeds 130% of the conversion price for a specified period of time and certain other conditions are satisfied. The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.If a "fundamental change" (as defined in the indenture for the notes) occurs, then, subject to a limited exception, noteholders may require Cracker Barrel to repurchase their notes for cash. The repurchase price will be equal to the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date.Cracker Barrel estimates that the net proceeds from the offering will be approximately $290.1 million (or approximately $333.9 million if the initial purchasers fully exercise their option to purchase additional notes), after deducting the initial purchasers' discounts and commissions and Cracker Barrel's estimated offering expenses. Cracker Barrel intends to use approximately $14.3 million (or approximately $16.5 million if the initial purchasers fully exercise their option to purchase additional notes) of the net proceeds from this offering to pay the cost of entering into the capped call transactions described below. In addition, Cracker Barrel intends to use approximately $145.9 million of the net proceeds to repurchase $150.0 million aggregate principal amount of its outstanding 0.625% convertible senior notes due 2026 (the "2026 convertible notes") (the "2026 convertible notes") concurrently with the offering of the notes in separate, privately negotiated transactions effected through one of the initial purchasers of the notes or its affiliate, as Cracker Barrel's agent. Cracker Barrel intends to use any remaining net proceeds for general corporate purposes, which may include the redemption or repayment of any of Cracker Barrel's existing outstanding indebtedness, including indebtedness outstanding under its revolving credit facility.In connection with the pricing of the notes, Cracker Barrel entered into privately negotiated capped call transactions with certain of the initial purchasers and/or their respective affiliates and certain other financial institutions (the "option counterparties"). The capped call transactions are generally intended to reduce or offset potential dilution to Cracker Barrel's common stock upon any ...Full story available on Benzinga.com13:Teb1,This is CNBC’s live blog covering European markets.Zara owner Inditex flags slowing summer sales as quarterly revenues miss expectationsMike Kemp | In Pictures | Getty ImagesA shopper carrying two large bags from clothing retailer Zara on Oxford Street in London, U.K., on Feb. 5, 2024.Zara owner Inditex on Wednesday posted weaker-than-expected quarterly sales while flagging a slower start to the summer season than last year amid broader economic uncertainty.The Spanish retailer reported revenues of 8.27 billion euros ($9.44 billion) in the fiscal first quarter covering Feb. 1 to April 30, slightly shy of the 8.39 billion euros forecast by LSEG analysts.Net income came in at 1.3 billion euros for the quarter, compared to the 1.32 billion euros analysts estimated.— Karen GilchristU.S.-China trade agreement: What you need to knowBloomberg | Bloomberg | Getty ImagesU.S. Commerce Secretary Howard Lutnick speaks to members of the media while arriving for trade talks at Lancaster House in London, UK, on Tuesday, June 10, 2025.The U.S. and China have reached an agreement on trade, representatives from both sides said after a second day of high-level talks in London, with the deal now awaiting a nod from the leaders of the two countries.“We have reached a framework to implement the Geneva consensus and the call between the two presidents,” U.S. Commerce Secretary Howard Lutnick told reporters.Chinese restrictions on rare-earth exports to the U.S. are a “fundamental part” of the latest agreement and the U.S. expects the issue “will be resolved in this framework implementation,” Lutnick said.He indicated U.S. restrictions on sales of advanced tech to China in recent weeks would be rolled back as Beijing approves rare-earth exports.Read the full story here.— Evelyn ChengHere are the opening callsMike Kemp | In Pictures | Getty ImagesSkyline view of the City of London financial district from the viewpoint in Greenwich Park in London, United Kingdom. Good morning from London, welcome to CNBC’s live blog covering European financial market action as well as the latest regional and global business news, data and earnings.Futures data from IG suggests London’s FTSE will open 14 points lower at 8,852, Germany’s DAX down 105 points at 23,925, France’s CAC 40 down 9 points at 7,788 and Italy’s FTSE MIB 95 points lower at 40,082.Global markets are having a mixed reaction to news that U.S. and Chinese officials reached a tentative consensus on trade after a second day of talks in London. The negotiators will now seek approval on the framework from the U.S. and Chinese presidents.Asia-Pacific markets climbed overnight on the apparent breakthrough, but U.S. stock futures inched lower, with investors also looking ahead to May inflation data.— Holly EllyattWhat to keep an eye on todayEric Thayer | Bloomberg | Getty ImagesAn Aldi supermarket in Alhambra, California, in 2024.Global markets will be keeping a close eye on the latest U.S. inflation report for May.Economists polled by Dow Jones expect a 0.2% month-over-month increase, while the headline consumer price index is anticipated to have grown 2.4% on an annual basis. Hotter-than-expected data could spook investors who are already on edge over inflationary pressures and the trajectory of Federal Reserve rate cuts.Traders will be keeping an eye on the Nvidia keynote address at the VivaTech conference in Paris on Wednesday, as well as Goldman Sachs’ annual European Financials Conference.Meanwhile, U.K. investors will be looking out for the government’s “Spending Review,” in which it sets out day-to-day spending and investment plans for all government departments. Earnings are set to come from retail giant Inditex.— Holly Ellyatt14:T122f,Stock futures slipped Wednesday as investors after China and the U.S. reached a trade policy consensus. They also awaited the release of May’s consumer inflation report.Futures tied to the S&P 500 were off 0.2%, while Nasdaq 100 futures inched down 0.1%. Dow Jones Industrial Average futures lost 66 points, or 0.2%.U.S. and Chinese officials reached a consensus on trade after a second day of talks in London. U.S. Commerce Secretary Howard Lutnick said he and U.S. Trade Representative Jamieson Greer will return to Washington to “make sure President Trump approves” the framework.As part of the framework, China would approve the exports of rare earth minerals. Meanwhile, the U.S. would roll back sales restrictions of advanced tech goods to China.The discussions are a key focus for investors that remain jittery toward any jolts on trade policy. Both China and the U.S. previously agreed to temporarily lower high tariffs on one another in May, although a fully ironed-out agreement has yet to materialize.Stocks rose Tuesday as traders grew optimistic that a deal would be reached. But “oine key concern is that the Trump administration, buoyed by the market rebound, may resume aggressive tariff rhetoric—potentially triggering renewed retaliation from China and Europe, as seen earlier this year,” Deutsche Bank chief economist David Folkerts-Landau said in a Tuesday note.“At the same time, rising long-end bond yields are amplifying fiscal concerns globally, particularly given plans for expanded deficits across multiple major economies,” he added. “With several countries already on unsustainable debt paths, the events of 2025 may have accelerated an inevitable reckoning.”Investors will get further insight into the U.S. economy on Wednesday morning as the Bureau of Labor Statistics rolls out May’s reading of the consumer price index. Economists polled by Dow Jones call for a 0.2% month-over-month increase, while headline CPI is anticipated to have grown 2.4% from 12 months earlier. A hot report could spook investors who are already on edge over inflationary pressures.“Ultimately this report is not expected to cause any significant changes to the Fed’s current wait and see approach when it comes to setting rates,” said Sam Millette, director of fixed income at Commonwealth Financial Network. “With that being said, we’ll have to wait and see if the report shows the anticipated modest rise in price pressure that’s expected or if there are any surprises in store for investors.”—CNBC’s Evelyn Cheng contributed reporting.Quantum computing stocks rise after Nvidia CEO commentsQuantum computing stocks rose in the premarket after Nvidia CEO Jensen Huang said the space was in an inflection point. Shares of Quantum Computing popped 8%, while Rigetti Computing climbed 4%. Huang was speaking at the VivaTech conference in Paris.— Fred ImbertU.S. and China officials reach a trade consensusRepresentatives of the U.S. and China arrived at a consensus on trade after a second day of talks in London, according to an NBC transcript.U.S. Commerce Secretary Howard Lutnick said that he and U.S. Trade Representative Jamieson Greer would return to Washington to “make sure President Trump approves” of the framework.U.S. stock futures were little changed following the development. S&P 500 futures, Nasdaq 100 futures and Dow futures were all down roughly 0.1% each.Read more from CNBC’s Evelyn Cheng on the latest surrounding the trade talks here.—Darla MercadoStocks making the biggest moves after hours Check out some of the companies making headlines in extended trading.Dave & Buster’s — Stock in the arcade and restaurant company gained more than 9% after Dave & Buster’s reaffirmed its full-year guidance. Executives also pointing to encouraging data so far in June GitLab — The software stock pulled back 13% after the lower end of GitLab’s second-quarter outlook missed analyst estimates for both earnings and revenue. GitLab’s first-quarter results surpassed analyst expectations on the top and bottom line. GameStop — Shares pulled back roughly 5% after first-quarter revenue missed analyst estimates. GameStop notched revenue of $732.4 million, while analysts polled by FactSet forecast $750 million. — Brian EvansStock futures are little changed Stock futures were little changed on Tuesday, with investors looking for more progress on trade policy as talks between the U.S. and China continue.Futures tied to the Dow Jones Industrial Average slipped 24 points, or 0.06%. S&P 500 futures lost 0.07%, while Nasdaq 100 futures pulled back 0.04%.— Brian Evans15:Td3a,Employer demand for formal degrees is declining for all jobs, but more quickly for jobs exposed to artificial intelligence, according to the 2025 AI Jobs Barometer report by professional services firm PwC published last week.“AI helps people rapidly build and command expert knowledge ... which could make formal qualifications less relevant,” according to the report which analyzed close to a billion job ads and thousands of company financial reports across six continents.The technology is also creating rapid turnover in the skills and knowledge workers need to succeed, which may mean that formal degrees become “out of date” more quickly, the report added.Notably, the skills that employers look for are changing 66% faster in occupations most exposed to AI, such as financial analyst, compared to those least exposed, such as physical therapist. This is up from the 25% recorded last year, according to PwC’s data.“For workers, a greater emphasis on skills over degrees in hiring may help to democratise opportunity, opening doors for those who lack the time or resources to gain formal degrees,” the report said. “In AI-exposed fields, what matters is increasingly what people can do today, not what they studied in the past.”Are degrees going out of date?Today, education isn’t limited to formal institutions or universities anymore, as you can learn using AI tools and LLMs (large language models), PwC Global Chief AI Officer Joe Atkinson told CNBC Make It. In order to adapt and futureproof your career in the rapidly changing work landscape, he suggested upskilling on AI at home.“I think the ability individuals will have to tap vast amounts of knowledge is amplified in this age of AI,” said Atkinson. This is leading to a new kind of economy where “the bar for everybody goes higher, because the access we all have to knowledge will be greater.”“The AI models are developing capabilities at a speed that is incredible ... I think anybody that is not uncomfortable feeling like they are constantly trying to keep up, probably isn’t paying attention,” he said.He suggested exploring the different AI models, figuring out the differences between them, learning how to prompt LLMs, monitoring tech blogs and practicing using the tools as much as possible.“What’s most important is that AI skills are practical skills. They’re applied skills ... you have to use the tech,” he said. The dedication to self-learning during this era is becoming “the new table stakes. If you’re not able to do that, you are going to fall behind so quickly.”“The reality is we can’t fear the tech. We have to embrace the tech,” added Atkinson.But ultimately, formal education isn’t only about acquiring knowledge and skills — “it’s about the whole person,” he said. “It’s about how you think and how you interact and how you critique. I think those higher-order capabilities ... become more valuable in the future, not less.”Want a new career that’s higher-paying, more flexible or fulfilling? Take CNBC’s new online course How to Change Careers and Be Happier at Work. Expert instructors will teach you strategies to network successfully, revamp your resume and confidently transition into your dream career.Plus, sign up for CNBC Make It’s newsletter to get tips and tricks for success at work, with money and in life.16:T856,CALGARY, AB, June 10, 2025 /CNW/ - Alvopetro Energy Ltd. (TSXV:ALV) (OTCQX:ALVOF) announces May 2025 sales volumes and an operational update, including results from our 183-D4 well. Based on cased hole logs and logs while drilling, the well encountered 61 metres total vertical depth ("TVD") potential net natural gas pay in the Caruaçu Formation 106 metres updip of our 183-A3 well.President & CEO, Corey C. Ruttan commented:"May sales included the first full month of production from our first two wells drilled in Western Canada averaging 346 bopd gross (173 bopd net), exceeding our pre-farmin expectations and we are looking forward to drilling our next two wells here starting this summer. We are also encouraged by our 183-D4 results and expect to have this well on production in Q3 to fuel continued production growth in Brazil."May Sales VolumesNatural gas, NGLs and crude oil sales:May2025April2025Q12025Brazil: Natural gas (Mcfpd), by field: Caburé10,80012,63611,710 Murucututu1,5008442,093 Total natural gas (Mcfpd)12,30013,48013,803 NGLs (bopd)111126135 Oil (bopd)--10Total (boepd) – Brazil2,1612,3732,446Canada: Oil (bopd) – Canada17390-Total Company – boepd(1)2,3342,4632,446(1)Alvopetro reported volumes are based on sales volumes which, due to the timing of sales deliveries, may differ from production volumes.May sales volumes in Brazil averaged 2,161 boepd, including natural gas sales of 12.3 MMcfpd and associated natural gas liquids sales from condensate of 111 bopd, based on field estimates. Sales volumes decreased 9% compared to April due to turnarounds at both Alvopetro facilities and Bahiagás end user plants, which impacted demand in the month. In Canada, with a full month of production in May, Alvopetro's net 50% share of oil sales volumes increased to 173 bopd, bringing the Company's total sales to 2,334 boepd, based on field estimates.Operational Update183-D4 Well ResultsWe have now completed the sidetrack and drilling of our 183-D4 well on our 100% Murucututu natural gas field. The well was drilled to a total measured depth of 3,072 metres ...Full story available on Benzinga.com17:T109c,This is CNBC’s live blog covering European markets.Elon Musk says he regrets some social media posts he made about TrumpKevin Dietsch | Getty ImagesTesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Tech billionaire Elon Musk on Wednesday said he regretted some of the social media posts he made last week during an explosive public dispute with his formerly close ally, U.S. President Donald Trump.Read more on this breaking news story here.Zara owner Inditex flags slowing summer sales as quarterly revenues miss expectationsMike Kemp | In Pictures | Getty ImagesA shopper carrying two large bags from clothing retailer Zara on Oxford Street in London, U.K., on Feb. 5, 2024.Zara owner Inditex on Wednesday posted weaker-than-expected quarterly sales while flagging a slower start to the summer season than last year amid broader economic uncertainty.The Spanish retailer reported revenues of 8.27 billion euros ($9.44 billion) in the fiscal first quarter covering Feb. 1 to April 30, slightly shy of the 8.39 billion euros forecast by LSEG analysts.Net income came in at 1.3 billion euros for the quarter, compared to the 1.32 billion euros analysts estimated.— Karen GilchristU.S.-China trade agreement: What you need to knowBloomberg | Bloomberg | Getty ImagesU.S. Commerce Secretary Howard Lutnick speaks to members of the media while arriving for trade talks at Lancaster House in London, UK, on Tuesday, June 10, 2025.The U.S. and China have reached an agreement on trade, representatives from both sides said after a second day of high-level talks in London, with the deal now awaiting a nod from the leaders of the two countries.“We have reached a framework to implement the Geneva consensus and the call between the two presidents,” U.S. Commerce Secretary Howard Lutnick told reporters.Chinese restrictions on rare-earth exports to the U.S. are a “fundamental part” of the latest agreement and the U.S. expects the issue “will be resolved in this framework implementation,” Lutnick said.He indicated U.S. restrictions on sales of advanced tech to China in recent weeks would be rolled back as Beijing approves rare-earth exports.Read the full story here.— Evelyn ChengHere are the opening callsMike Kemp | In Pictures | Getty ImagesSkyline view of the City of London financial district from the viewpoint in Greenwich Park in London, United Kingdom. Good morning from London, welcome to CNBC’s live blog covering European financial market action as well as the latest regional and global business news, data and earnings.Futures data from IG suggests London’s FTSE will open 14 points lower at 8,852, Germany’s DAX down 105 points at 23,925, France’s CAC 40 down 9 points at 7,788 and Italy’s FTSE MIB 95 points lower at 40,082.Global markets are having a mixed reaction to news that U.S. and Chinese officials reached a tentative consensus on trade after a second day of talks in London. The negotiators will now seek approval on the framework from the U.S. and Chinese presidents.Asia-Pacific markets climbed overnight on the apparent breakthrough, but U.S. stock futures inched lower, with investors also looking ahead to May inflation data.— Holly EllyattWhat to keep an eye on todayEric Thayer | Bloomberg | Getty ImagesAn Aldi supermarket in Alhambra, California, in 2024.Global markets will be keeping a close eye on the latest U.S. inflation report for May.Economists polled by Dow Jones expect a 0.2% month-over-month increase, while the headline consumer price index is anticipated to have grown 2.4% on an annual basis. Hotter-than-expected data could spook investors who are already on edge over inflationary pressures and the trajectory of Federal Reserve rate cuts.Traders will be keeping an eye on the Nvidia keynote address at the VivaTech conference in Paris on Wednesday, as well as Goldman Sachs’ annual European Financials Conference.Meanwhile, U.K. investors will be looking out for the government’s “Spending Review,” in which it sets out day-to-day spending and investment plans for all government departments. Earnings are set to come from retail giant Inditex.— Holly Ellyatt18:Td4f,The sales figures, reported by the Japanese company on Wednesday, put it on the path to realizing its aim of selling 15 million units in its fiscal year ending March 2026. The record initial sales of the Switch are in line with the strong demand analysts had predicted, but the rush has put into question Nintendo’s ability to meet demand. Nintendo sold more than 3.5 million units of its flagship Switch 2 gaming system in the four days following its launch, a record-breaking start for the company’s first new console in eight years. The sales figures, reported by the Japanese multinational video-game company on Wednesday, put it on the path to realizing its aim of selling 15 million units of the Switch 2 console in the fiscal year ending March 2026. The Switch 2, which was released on June 5, has been met with much fanfare, with fans lining up for hours ahead of midnight releases at Nintendo stores.“Fans around the world are showing their enthusiasm for Nintendo Switch 2 as an upgraded way to play at home and on the go,” Nintendo of America President and Chief Operating Officer Doug Bowser said in a statement, adding the company was thankful for the response. Tokyo-listed shares of Nintendo, which have gained nearly 30% so far this year, were down 3.5% on Wednesday, LSEG data showed. The company has seen its shares rise nearly fivefold since the original Switch debuted in early March 2017.It remains to be seen if the Switch 2 can recapture the magic of its predecessor, which had set the bar with 15 million unit sales in its first year. It went on to sell more than 152 million units to become the second-highest selling Nintendo device ever, behind the Nintendo DS.Shortages?The record initial sales of the Switch are in line with the strong demand analysts had predicted. However, the rush has put into question Nintendo’s ability to meet demand. Retailers including Walmart, GameStop, Target and Best Buy were out of stock of the consoles, their online stores showed Wednesday. In April, Nintendo’s Bowser told CNBC that the company had been working with “retail partners to ensure there’s ample supply for not only the launch weekend, but well beyond.”However, Nintendo President Shuntaro Furukawa stated the same month that 2.2 million people in Japan had entered the lottery to purchase the Switch 2 on launch day, exceeding expectations and what the company had initially planned to deliver to stores.Serkan Toto, CEO of Tokyo-based games consultancy Kantan Games, previously told CNBC shortages in Japan were expected to persist.President Donald Trump’s “reciprocal tariffs” on most countries around the world also present headwinds for the Switch 2. In April, the company announced that it would delay preorders of the Switch 2 in the U.S. while it considers the impact of tariffs.The Switch 2 retails for $449 in the U.S., which makes it Nintendo’s priciest console to date.Nintendo’s Bowser said in April the company was going to “monitor where tariffs are going” before making any further decisions on price hikes. The Switch 2 builds on the success of the original Switch, featuring a larger screen, improved performance, and a higher price tag. The system also introduces the new GameChat2 feature, which allows players to voice or video chat with friends online and share game screens.— CNBC’s Arjun Kharpal contributed to this story.19:T13fc,Wuhan Researcher Charged With Smuggling Biological Materials Into US Lab Authored by Eva Fu via The Epoch Times (emphasis ours),U.S. prosecutors have charged another Chinese national for smuggling biological materials into the United States and lying about the scheme.Petri dishes and notes found in intercepted packages that Chinese researcher Han Chengxuan allegedly smuggled into the United States. Department of JusticeHan Chengxuan, a PhD candidate from Wuhan in central China, was arrested upon landing at the Detroit Metropolitan Airport on June 8. An FBI agent said authorities had intercepted four packages of biological materials that Han allegedly sent to members of a University of Michigan laboratory.She was the third Chinese national charged in a week for smuggling materials for biological research. The previous two, accused of smuggling a crop-killing fungus, include a postdoctoral fellow at the University of Michigan’s Molecular Plant-Microbe Interaction. The criminal complaint said Han was a Chinese Communist Party member who has shown loyalty to the Party.The complaint said Han admitted to shipping an estimated five to 10 packages, but several were lost in transit. She said that her professors at both the Chinese and U.S. universities, as well as the recipients, had no knowledge of what she sent, characterizing them as a “surprises,” according to the FBI agent.The packages contain neither the correct documentation nor the permit required for importing roundworm-related materials, the complaint noted.The shipments allegedly went to two recipients: one active member of the lab and another among the faculty and staff at the Life Sciences Institute at the University of Michigan.Han initially lied to the customs agents at the airport about the content of the packages, claiming they were plastic cups and a book, according to a court filing. Pressed, she admitted that the packages contained petri dishes of nematode growth medium for growing roundworms, as well as small circular DNA molecules called plasmids in an envelope, the FBI agent said.Han, who is studying at the College of Life Science and Technology in the Huazhong University of Science and Technology, arrived on an exchange visitor visa; she has an offer letter presenting her as a visiting scholar to the Michigan lab, according to prosecutors. Han told the FBI that she was coming to the University of Michigan for one year for her research on roundworms.She stated that she had produced the desired plasmids using E. coli, isolated and injected them into roundworms as a primary method for her research, according to the filing. The FBI agent noted that plasmids are often used as a vehicle for introducing genetic modifications in organisms like roundworms.Han’s immigration paperwork said she researches how animals detect sensory cues such as touch, chemicals, and light, and how neural circuits process such information for behavioral outcome, and how genes and drugs affect such processes, the complaint said. She has co-authored two research papers on roundworms, known scientifically as C.elegans.A U.S. consular officer initially rejected Han’s J1 visa application on March 18 due to her struggle to conduct the interview in English, which was essential for her obtaining the visa. She secured the visa successfully nine days later, with an officer noting that she “spoke credibly about her educational background, current studies, and post graduate plans,” the complaint stated.Han tried to conceal the content of the shipment with written notes and a book, including one reading: “Hello! This is a fun letter with interesting patterns. I hope you can enjoy the pleasure within it,” according to the court document.Labels on the same note contain terms consistent with roundworm research, the filing said. Han allegedly told the customs agent she created a “picture game” in the book and that the recipient of her note would sequence the plasmids—a process each taking about a week—to identify what they were “for fun,” the filing said.Han allegedly deleted the content of her electronic device before coming to the United States. She stated she wanted to “start afresh” when questioned by federal agents.U.S. Attorney for the Eastern District of Michigan, Jerome Gorgon, said the alleged smuggling from a Wuhan university marks “part of an alarming pattern that threatens our security.”“The American taxpayer should not be underwriting a PRC-based smuggling operation at one of our crucial public institutions,” he said in a statement.John Nowak, Customs and Border Protection’s acting director of field operations, said the alleged actions compromise the integrity of U.S. research institutions.“The guidelines for importing biological materials into the U.S. for research purposes are stringent, but clear, and actions like this undermine the legitimate work of other visiting scholars,” he said, adding that his agency will not tolerate the smuggling of “potentially dangerous goods” through U.S. ports of entry. Tyler DurdenTue, 06/10/2025 - 22:151a:T81e,Karen Read’s defense team is expected to call their final witness to the stand on Wednesday, with the end of her second murder trial now on the horizon.Fireworks have continued in the courtroom as the defense gets closer to resting their case, including with the potentially pivotal testimony delivered by Dr. Elizabeth Laposata.Laposata, a former medical examiner, reviewed the autopsy of John O’Keefe and several other documents related to his death, and gave her conclusion during her testimony.“Do you have an opinion as to whether or not the wounds that you see, the pattern injury that you see on Mr. O’Keefe’s right arm, is consistent with an animal bite or claw marks?” Alan Jackson asked her.“Yes, it is, very much,” Laposata replied. “By looking at the body, I could tell there was no evidence of impact by a vehicle.”She also said she concluded that the body did not have hypothermia.Her findings are a stark contrast to the the prosecution’s case. Last month, the Commonwealth called Dr. Irini Scordi-Bello, a Massachusetts medical examiner, who definitively said that hypothermia did contribute to O’Keefe’s death.Laposata went on to say that she examined O’Keefe’s x-rays and saw that his bones were intact and there was no breakage or fractures, whish she said are typical for a pedestrian collission.Prosecutors worked to discredit her opinion by bringing up her job history, specifically the criticism she received as Rhode Island’s Chief Medical Examiner after the Station nightclub fire.Judge Beverly Cannone still does not believe she is qualified enough to be a “dog bite expert”.She was followed by Dr. Andrew Rentschler, a biomedical engineer from ARCCA. He is expected to return to the stand on Wednesday to finish his testimony as the defense’s final witness. 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