Business Bible Headlines: June 18 @ 5:00PM ET

This is a Business Bible News Headlines for Thursday June 18 at 5:05 PM Eastern Time, Business Bible News where Daily News meets Daily Principle. In today’s business headlines, we see notable movements across various sectors. First, SpaceX stock has experienced a decline after breaking its 3-day winning streak, as reported by Yahoo Finance. Meanwhile, Investor's Business Daily highlights that the Nasdaq has climbed up on news of a peace deal with Iran, while Moderna has broken out and JPMorgan has seen a reversal in its stock price. Bloomberg reports that SpaceX bankers are preparing for a bond sale of at least $20B, indicating strong confidence in the company’s future. In a significant move in the digital media landscape, Variety informs us that PMC has acquired Vox Media Brands, creating a digital publishing giant with several high-profile news and lifestyle hubs now under its umbrella. Additionally, Amazon is in talks to sell custom AI chips in a bid to undercut Nvidia, also noted by Bloomberg, showcasing the rising competition in the tech industry. Turning our focus to the markets, global markets are mixed today as investors react to news and earnings reports. In overseas trading, the Nikkei leads the way with a move of 1,737 points. In US markets, the S&P 500 is up 77 points to 7,497, the Dow Jones Industrial Average is up 66 points to 51,558, and the Nasdaq is up 487 points to 26,508. The ten-year Treasury yield is at 4.45. In commodities, Brent crude is down $1 to $75 per barrel, and gold is down $130 to $4,228 per ounce. In sports news, reports from ESPN indicate that Major League Baseball has proposed an international draft as part of ongoing collective bargaining agreement talks. The proposal aims to reshape the way international players enter the league. In another update, the Protect College Sports Act is headed to the Senate for a full vote, as confirmed by ESPN, after passing through the Senate Commerce Committee. In entertainment news, Variety reports that PMC has acquired Vox Media Brands, significantly expanding its digital portfolio that includes major outlets like Eater and The Verge. This acquisition is poised to impact the digital media landscape significantly. Additionally, a first look at the upcoming Apple TV comedy show 'Brothers' featuring Matthew McConaughey and Woody Harrelson has been revealed, with the premiere set for September 23. The Daily Principle: Today's Daily Principle is BUSINESS: MANAGEMENT, specifically dealing with Fair Value. This principle is found in 1 Chronicles 21–22. The verse reads: "David said to him, 'Sell me your threshing place, so that I can build an altar to the Lord, to stop the epidemic. I'll give you the full price.'" This principle emphasizes the importance of fair value in transactions and the need for integrity in business dealings. In today's fast-paced market, ensuring that you provide fair value not only builds trust with partners and clients but also establishes a strong reputation that can lead to long-term success. Successful businesses understand the need for transparency and fairness, which can ultimately lead to fruitful relationships and opportunities for growth. Learn more at businessbible.com where Daily News meets Daily Principle.