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• Exxon shut down activist investors
  A virtual meeting likely hasn’t seen this much tension since your family...
  A virtual meeting likely hasn’t seen this much tension since your family tried to play Quiplash during the pandemic. Most shareholders (95%) sided with Exxon Mobil yesterday during the company’s annual shareholder meeting, voting to reelect all 12 directors despite intense drama leading up to the meeting over climate change and shareholder rights.
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• ☕️What Else is Brewing Thursday Morning
  Former OpenAI board member accuses Sam Altman of “outright...
  Former OpenAI board member accuses Sam Altman of “outright lying.” Helen Toner, a former OpenAI board member, opened up to The TED AI Show podcast about what led to the CEO’s short-lived firing. One piece of behind-the-scenes info Toner shared was that the board learned about ChatGPT’s release “on Twitter.” She also said that the board was told by executives that Altman created a toxic atmosphere of “psychological abuse.” The podcast included a statement from OpenAI’s board chair Bret Taylor saying they were “disappointed” Toner was speaking out and that an independent investigation had cleared Altman of much of what she claims.
  
  BHP won’t continue to pursue its $49 billion bid for fellow mining company Anglo American after the latter refused to extend a deadline for talks.
  
  The jury in Donald Trump’s hush money case has begun deliberating in the first criminal trial of a former US president.
  
  Kentucky prosecutors dropped all charges against golfer Scottie Scheffler, who was arrested on his way to the PGA Championship earlier this month. “Obviously, he didn’t do anything wrong,” his attorney said.
  
  Supreme Court Justice Samuel Alito rejected calls to recuse himself from cases related to the Jan. 6, 2021, Capitol riot following new reports of flags associated with the incident flying outside his homes. He said his wife was the one flying “a wide variety of flags.”
  
  Tennis fans say Ticketmaster, already facing the ire of the DOJ and the Swifites, fumbled presales for US Open tickets.
  
  Attention iPhone 7 and 7 Plus users: You have until June 3 to file your claim to a piece of a class action settlement over the phones’ audio issues. Payments could be as high as $349 per person.
  
  Washington, DC, won’t be panda-less much longer. The National Zoo announced a deal has been struck to get two new giant pandas from China by the end of the year.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for July delivery ...
  Benchmark U.S. crude oil for July delivery fell 60 cents to $79.23 per barrel Wednesday. Brent crude for July delivery fell 62 cents to $83.60 per barrel.
  
  Wholesale gasoline for June delivery fell 5 cents to $2.46 a gallon. June heating oil fell 3 cents to $2.44 a gallon. June natural gas fell 10 cents to $2.49 per 1,000 cubic feet.
  
  
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• Stocks finish lower, led by 411-point decline in Dow Jones Industrial Average
  All three major U.S. stock indexes ended lower on Wednesday as Treasury...
  All three major U.S. stock indexes ended lower on Wednesday as Treasury yields climbed to four-week highs. The S&P 500 and Nasdaq were down for the first time in three straight sessions.
  
  The Dow Jones Industrial Average finished down by 411.32 points, or almost 1.1%, at 38,441.54 or the lowest closing level since May 2, based on preliminary data. It closed lower for the second straight day and the fourth time in the past five trading sessions.
  
  The S&P 500 closed down 39.09 points, or 0.7%, at 5,266.95, its lowest closing level since May 14.
  
  The Nasdaq Composite ended lower by 99.3 points, or 0.6%, at 16,920.58. It finished off its record close of 17,019.88, reached on Tuesday.
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• OPEC+ said to have little interest in bringing additional oil to market
  Oil futures rose Wednesday, with investors anticipating an extension...
  Oil futures rose Wednesday, with investors anticipating an extension of production cuts that expire at the end of the quarter.
  
  OPEC+ officials are scheduled to meet via videoconference on Sunday. Analysts said the decision to forgo an in-person meeting was being taken as a sign the gathering isn’t expected to be contentious, with traders looking for an extension of roughly 2.2 million barrels a day in voluntary cuts beyond June 30.
  
  “We see no appetite at this juncture to add more barrels to the market and trigger another price move to the downside. The current level is already causing several producers to take on additional debt and push out timelines for some high-profile projects,” said Helima Croft, head of global commodity strategy at RBC Capital Markets, in a note.
  
  ”Adding more barrels at this moment would likely yield a suboptimal price environment that would not be offset by additional market share advantages,” she wrote.
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