Stocks Rise On China Trade Talk Optimism

S&P 500 rises for a third day as traders hope for progress on U.S.-China trade talks (CNBC)

Apple’s WWDC underwhelms on AI, but software gets biggest facelift in over a decade (CNBC)

OpenAI claims to have hit $10B in annual revenue (TechCrunch)

News Sites Are Getting Crushed by Google’s New AI Tools (WSJ)

Zuckerberg Is Personally Recruiting New ‘Superintelligence’ AI Team at Meta (Bloomberg)

Huawei Founder Waves Off Chip Curbs as Trade Talks Proceed (Bloomberg)

TSMC’s May Revenue Surges 40% in Sign of Resilient AI Demand (Bloomberg)

Wary Wall Street Positioning Leaves Room for S&P 500 to Rally (Bloomberg)

Popular US Treasury Bet Risks Being Next Pain Trade, BNP Warns (Bloomberg)