Business
Ford Recalls More Than 741,000 Vehicles Over Transmission Flaw That Could Cause Cars to Roll While Parked
Ford Motor Co. is recalling more than 741,000 vehicles in the United States after discovering a transmission defect that could damage the vehicles’ park system, potentially allowing them to move unexpectedly even when drivers believe they are safely parked.
According to a report filed with the National Highway Traffic Safety Administration, the recall covers certain Ford F-150 pickup trucks, Ford Explorer and Ford Expedition SUVs, along with Lincoln Aviator and Lincoln Navigator models from the 2018 through 2021 model years. The affected vehicles span some of Ford’s most popular and high-volume nameplates, meaning the recall touches a substantial cross-section of the automaker’s recent lineup.
The underlying problem stems from a transmission issue that can cause temporary engagement of the vehicle’s parking pawl, a mechanical component responsible for locking the transmission and preventing the vehicle from rolling once it has been shifted into park, while the vehicle is still in motion. According to the NHTSA report, this can occur when certain gear shifts are commanded by the transmission while the vehicle continues moving, potentially damaging components within the park system itself.
If that damage occurs, the consequences can extend well beyond a simple mechanical malfunction. Once the park system has been compromised, the transmission’s ability to hold the vehicle stationary in park may be affected, particularly in situations where the driver has not also engaged the parking brake. The NHTSA report warns that this creates the risk of unintended vehicle movement even after a driver has shifted into park and exited the vehicle, a scenario the agency said increases the risk of a crash or injury.
The scope of real-world consequences tied to the defect is already documented in regulatory filings. According to the NHTSA, Ford has acknowledged 24 allegations of property damage connected to the issue, along with nine alleged injuries. Of those nine injury allegations, two specifically involve claims of emotional injury, suggesting that beyond physical harm, some affected owners have reported psychological distress tied to experiencing unexpected vehicle movement.
Ford’s remedy for the defect centers on a software update rather than a full mechanical overhaul for most affected vehicles. Owners whose vehicles are included in the recall will receive notification by mail directing them to bring their vehicle to a Ford or Lincoln dealership, where technicians will update the vehicle’s Powertrain Control Module to the latest available software version. As part of that same dealership visit, technicians will also inspect the transmission for any existing park system damage and replace damaged components as necessary. Ford has confirmed that both the software update and any required component replacement will be performed at no cost to vehicle owners.
The recall adds to what has been a recurring pattern of safety actions affecting Ford’s full-size truck and SUV lineup in recent years, as the automaker continues working through various mechanical and software-related issues identified across its most popular vehicle platforms. The F-150, in particular, has remained one of the best-selling vehicles in the United States for decades, meaning recalls affecting that model tend to carry an outsized impact simply due to the sheer number of vehicles on American roads.
For owners uncertain about whether their specific vehicle is included in the recall, Ford has set up a dedicated customer service line at 1-866-436-7332 to field questions and provide guidance on next steps. Owners can also contact the National Highway Traffic Safety Administration directly through its Vehicle Safety Hotline at 1-888-327-4236, a federal resource that fields inquiries related to vehicle recalls, safety defects and broader automotive safety concerns across all manufacturers, not just Ford.
Federal regulators have continued to emphasize that consumers should not wait for any visible symptoms before addressing an active recall, given that defects like this one can remain undetected during normal driving conditions until the specific circumstances that trigger the malfunction actually occur. Because the issue specifically involves the parking pawl engaging unexpectedly while the vehicle is still moving, drivers may have limited warning before a malfunction affects their ability to safely park the vehicle using the transmission alone.
This recall underscores the continued importance of using a vehicle’s parking brake in conjunction with the transmission’s park setting, a practice that safety officials have long recommended as a general precaution regardless of any specific known defect, since it provides a secondary mechanism for keeping a vehicle stationary even if the primary transmission-based park function were to fail for any reason. In this particular case, NHTSA’s report specifically noted that the risk of unintended movement is heightened in situations where the parking brake has not also been applied, reinforcing that general safety guidance as a meaningful interim precaution for owners awaiting their dealership appointment.
Vehicle recalls of this scale are not uncommon across the broader auto industry, where manufacturers routinely identify and address defects affecting hundreds of thousands or even millions of vehicles as part of ongoing safety monitoring required under federal law. Automakers are generally required to notify NHTSA and initiate a recall once a safety-related defect has been identified, regardless of how many real-world incidents have actually been documented, since the regulatory threshold for action is based on the existence and nature of the defect rather than solely on the volume of confirmed incidents.
Owners of affected Ford F-150, Explorer, Expedition, Lincoln Aviator and Lincoln Navigator vehicles from the 2018 through 2021 model years are encouraged to watch for official recall notification by mail and to schedule a service appointment with their local Ford or Lincoln dealer as soon as that notice arrives, given the safety risks associated with potential unintended vehicle movement while parked.
Business
Form 144 CoreWeave For: 30 June

Form 144 CoreWeave For: 30 June
Business
Sephora quiet hours expand nationwide for sensory-friendly shopping
Amanda Ensing on getting dropped by Sephora
Sephora is bringing “quiet hours” to all of its U.S. stores, the latest sign that major retailers are investing in sensory-friendly shopping experiences aimed at making stores more accessible for neurodivergent customers.
The beauty retailer announced that during designated quiet hours, stores will lower music volume, adjust in-store digital screens and minimize strong scents to create a calmer shopping environment. Sephora has not announced a nationwide schedule for the quieter shopping periods.
The nationwide rollout follows a pilot program at 32 Sephora stores across eight markets. The company said it developed the initiative alongside disability advocacy organization Open Inclusion and consultancy Purposeful Futures after gathering feedback from neurodivergent and sensory-sensitive beauty shoppers.
“Quiet Hours at Sephora is one meaningful step in our ongoing commitment to building more welcoming environments for our employees, consumers, and communities,” Deborah Yeh, Sephora’s global chief marketing officer, said in a statement.
SEPHORA’S BEAUTY INSIDER PROGRAM: HOW TO MAXIMIZE YOUR BENEFITS

Kohl’s planned to turn Sephora into a $2 billion business by opening 850 locations by 2023. (Image courtesy of Kohl’s. ©2017 Kohl’s Department Stores, Inc. / Fox News)
The move comes as retailers increasingly view accessibility initiatives as both a customer service effort and a way to reach a broader customer base.
Walmart became the first major U.S. retailer to permanently introduce daily sensory-friendly shopping hours nationwide in 2023 after testing the concept during the back-to-school season. The retailer now offers the quieter shopping experience from 8 a.m. to 10 a.m. local time each day, turning off overhead music, dimming lights where possible and displaying static images on television screens.
At the time, Walmart said the decision to make the program permanent followed overwhelmingly positive feedback from customers and employees, including associates with autism and ADHD.
“From face-to-face conversations, emails, listening sessions, social media and our personal experiences in the stores, we have seen what these changes mean for our customers and associates,” Walmart executives Denise Malloy Deaderick, Cedric Clark and Alvis Washington wrote when announcing the nationwide expansion.
DC RESTAURANT OFFERING ‘QUIET HOURS’ FOR PATRONS LOOKING TO ESCAPE BRUNCH ‘PARTY AMBIANCE’

A Sephora store at the Docks Bruxsel shopping center in Brussels on June 25, 2026. Sephora is expanding “quiet hours” to all U.S. stores as retailers continue investing in sensory-friendly shopping experiences. (Marius Burgelman / BELGA MAG / Belga / AFP / Unknown)
Other retailers have also experimented with sensory-friendly shopping. Target has tested quieter shopping hours at select stores by dimming lights, limiting overhead announcements and reducing music, while Toys “R” Us has offered “Quiet Hour” events at some locations.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| LVMUY | LVMH MOËT HENNESSY LOUIS VUITTON SE | 110.6 | -2.34 | -2.07% |
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Outside traditional retail, Chuck E. Cheese has operated its monthly “Sensory Sensitive Sundays” program at participating locations since 2016, opening early with dimmed lights, reduced sound and a calmer environment for families.
The programs are designed to reduce sensory triggers such as loud music, bright lighting and other in-store distractions that can make shopping more challenging for some customers.
Business
Form 4 Provectus Biopharmaceuticals Inc For: 30 June

Form 4 Provectus Biopharmaceuticals Inc For: 30 June
Business
Fable and Mythos: Anthropic says US lifts export ban on its advanced AI tools
The US government has lifted export controls on Anthropic’s most advanced artificial intelligence (AI) tools, just weeks after ordering it to restrict access to them over national security concerns, the company has said.
Anthropic said in a social media post that it will begin restoring access to Claude Fable 5 and Mythos 5 on Wednesday after being notified that the US Department of Commerce has lifted export controls on the two models.
They are the firm’s most advanced AI tools, which were abruptly suspended on 12 June over concerns that they could be used by hackers to exploit weaknesses in computer systems.
The BBC has contacted the Department of Commerce for comment.
Mythos and Fable are two of Anthropic’s AI models built on its Claude platform – a rival to the likes of OpenAI’s ChatGPT and Google’s Gemini.
Fable 5 is a version of the AI model for the cosumer market, capable of deep reasoning and can perform complex tasks independently.
Mythos 5 is a version of the platform designed for businesses and cybersecurity experts. It is said to be able to identify vulnerabilities in computer code and exploit them.
The firm previously said that US authorities had not pinpointed specific concerns about its technology even as it ordered both platforms to be suspended around the world.
“Our understanding is that the government believes it has become aware of a method of bypassing, or ‘jailbreaking’ Fable 5,” the company said at the time, referring to a process of slipping past software safety restrictions to unblock features.
“However, we disagree that the finding of a narrow potential jailbreak should be cause for recalling a commercial model deployed to hundreds of millions of people.”
Business
Trump made more than $1bn from crypto in first year back in office
US President Donald Trump made more than $1bn (£750m) last year from business dealings in cryptocurrency, according to his mandatory financial report for 2025.
In a 927-page disclosure, he reported $635m in royalties from a Trump meme coin that has plunged in value since he launched it three days before taking office.
He also reported over $500m in income from World Liberty Financial, a cryptocurrency firm founded by his own sons and the children of his special envoy, Steve Witkoff.
He earned millions more from real estate, Trump-themed Bibles, watches and other items. But the White House denied he was profiting from the presidency.
Much of the income was from transactions with World Liberty Financial, a venture from which Trump and family members receive 75% of the company’s proceeds.
It represents a significant increase in moneymaking compared with Trump’s 2024 financial disclosure, when he disclosed over $600m in income.
But White House deputy press secretary Anna Kelly rejected any suggestion of ethical concerns and said Trump had proudly made the US “the crypto capital of the world”.
“Neither the President nor his family has ever engaged – or will ever engage – in conflicts of interest,” she said in a statement.
She added: “All actions by President Trump and his administration are taken in the best interest of the American people – and any so-called ‘reporters’ pushing otherwise are recycling the same, tired, false narrative that Democrats and the legacy media have been pushing for a decade.”
Business
Trump, Republicans to stage convention in Dallas ahead of midterms

Trump, Republicans to stage convention in Dallas ahead of midterms
Business
FuelCell Energy Stock Surges 18% Today, Extending Monster Run on AI Data Center Power Demand
FuelCell Energy shares jumped sharply again Tuesday, climbing 18.21% to $35.22 and extending one of the most explosive runs of any stock on Wall Street this year, as the clean-power company continued to reap the benefits of a landmark data center power deal and a series of bullish analyst calls tied to surging electricity demand from artificial intelligence infrastructure.
The latest move builds directly on a 24.3% surge Monday that pushed shares to a fresh 52-week high of $30.41, itself following a 17% jump the previous Friday. Combined, FuelCell Energy stock has now climbed roughly 320% so far in 2026, vastly outpacing peers across the broader hydrogen and fuel cell sector, including Bloom Energy and Plug Power, neither of which has matched FuelCell’s pace of company-specific catalysts in recent weeks.
Tuesday’s gains continue to be driven by a cluster of developments that have rapidly reshaped Wall Street’s view of the Danbury, Connecticut-based company. The most concrete of those came June 23, when the Export-Import Bank of the United States approved a $49 million financing package to support delivery of FuelCell Energy’s fuel cell units to Gyeonggi Green Energy in South Korea. The financing covers five 2.8-megawatt FuelCell Energy Blocks and is structured in two tranches, with roughly $22 million in net proceeds expected to be disbursed around June 30 and a second tranche following in October. FuelCell Energy Chief Financial Officer Michael Bishop emphasized the significance of the funding structure.
“It adds non-dilutive capital to support growth,” Bishop said.
The non-dilutive nature of the financing has been a key driver of investor enthusiasm, since it allows the company to fund growth without issuing additional shares, a meaningful distinction for a stock that has historically faced dilution concerns tied to its persistent unprofitability.
Layered on top of the EXIM financing news, Wall Street has grown increasingly bullish on FuelCell Energy’s positioning within the booming market for AI-driven electricity demand. B. Riley Securities upgraded the stock to Buy from Neutral on Monday and more than doubled its price target to $32 from $13, the highest target currently on Wall Street, citing the company’s agreement to supply up to 380 megawatts of continuous clean baseload power to Fit Energy USA for AI and advanced computing data centers as evidence that FuelCell’s commercial strategy is translating into real, signed business rather than speculative potential.
That assessment echoed an earlier upgrade from Jefferies analyst Julien Dumoulin Smith, who raised the firm’s rating to Buy from Hold and lifted his price target to $24 from $16 after the Fit Energy agreement was first announced. Dumoulin Smith characterized the deal, structured as a Capital Equipment Purchase Agreement and representing FuelCell Energy’s first contracted U.S. data center order, as the catalyst that shifted the investment thesis from speculative to executable. The agreement includes an initial 30-megawatt firm deployment backed by an immediate, non-refundable deposit, which at roughly $3,000 per kilowatt before tax credits implies approximately $90 million in near-term revenue. Dumoulin Smith also pointed to FuelCell’s valuation relative to peers, noting the stock traded at roughly 8 times projected 2030 enterprise value to EBITDA compared with Bloom Energy’s 19 times multiple, a gap he described as an asymmetric entry point for investors.
The Fit Energy deal arrived against a backdrop of otherwise disappointing fundamentals. FuelCell Energy’s second-quarter fiscal 2026 results, reported June 8, missed Wall Street estimates on nearly every financial metric, with revenue of $35.6 million falling 5% year-over-year and missing consensus expectations of $40.5 million by roughly $5 million. The company’s net loss widened to $78.7 million, more than double the loss recorded in the same period a year earlier, while its backlog declined 9.9% to $1.14 billion as of April 30 compared with the same point last year. Despite those weak headline numbers, management highlighted a 267% quarter-over-quarter surge in its sales pipeline to four gigawatts, with nearly 90% of that growth tied to AI-related data center projects, a figure that has become central to the bullish narrative now driving the stock’s valuation even as the company continues to post steep losses.
FuelCell Energy has also benefited from structural, passive buying pressure tied to its inclusion in the Russell 3000 index, which forces index-tracking funds to hold shares in proportion to the company’s market weighting regardless of near-term profitability concerns. That technical tailwind has compounded the stock’s rally alongside the steady drumbeat of company-specific news.
Despite the dramatic run, the gap between Wall Street’s longer-standing consensus view and the market’s current enthusiasm remains notable. According to data compiled before the recent string of upgrades, the average rating across eight analysts tracking the stock stood at “Hold,” with a 12-month price target of $22, implying a meaningful downside from current trading levels even before accounting for this week’s additional gains. That consensus has clearly begun shifting in a more bullish direction following the B. Riley and Jefferies upgrades, though FuelCell Energy’s broader financial profile, marked by consistent unprofitability and negative operating cash flow, continues to leave the stock firmly in speculative territory by most analysts’ assessments.
FuelCell Energy designs, develops and manufactures high-temperature carbonate fuel cells used for on-site power generation, grid support, microgrids and carbon capture applications, alongside solid oxide electrolysis technology for distributed hydrogen production. The company serves utilities, independent power producers, data centers, wastewater treatment facilities and a range of industrial, commercial and government customers across the United States, South Korea, Europe and Canada.
Investors are now watching closely for confirmation that the first EXIM financing tranche disburses as scheduled around June 30, a milestone that would validate the non-dilutive funding narrative currently being priced into the stock. Additional follow-through on the Fit Energy 380-megawatt commitment, along with any new data center customer announcements, is likely to shape sentiment heading into the company’s next earnings release. Even so, market commentators have continued to caution that FuelCell Energy remains an extremely volatile and speculative stock, one that has logged dozens of single-day moves greater than 5% over the past year, and that a sharp short-term rally driven by deal announcements does not by itself resolve the deeper questions surrounding the company’s path to sustained profitability.
Business
Trump administration lifts AI export restrictions on Anthropic models
North Carolina State Treasurer Brad Briner details the state’s investment strategy for its pension fund on ‘The Claman Countdown.’
The Trump administration has lifted export restrictions on two of Anthropic’s latest artificial intelligence models after the company worked with the Commerce Department on a national security review, according to statements released Tuesday.
Commerce Secretary Howard Lutnick announced that the Bureau of Industry and Security (BIS) had withdrawn export controls that had previously applied to Anthropic’s Claude Mythos 5 and Claude Fable 5 models.
“Bureau of Industry and Security’s evaluation of the diversion risks now presented by Claude Mythos 5 and Claude Fable 5, the controls in the June 12 letter are withdrawn,” Lutnick said in a post on X. “A license is no longer required for the export, reexport, or in-country transfer, including deemed export or deemed reexport, of the Mythos or Fable models.”
Anthropic confirmed it had received notice that the Commerce Department was lifting the restrictions.

U.S. Commerce Secretary Howard Lutnick speaks during the World Economic Forum annual meeting in Davos on January 20, 2026. (Fabrice COFFRINI / AFP via Getty Images / Getty Images)
“We’ve received notice that the Department of Commerce has lifted export controls on Claude Fable 5 and Mythos 5,” the company said in a post on X. “We’ll begin restoring access tomorrow, and will share an update soon.”
The AI company thanked users for their patience during the restrictions and expressed appreciation to those involved in redeploying the models.
“We’re grateful to our users for their patience, and to everyone who worked with us on redeploying the models,” Anthropic said.
Lutnick said the decision followed close coordination between the federal government and Anthropic.
TRUMP ADMIN SAYS ANTHROPIC’S ‘RECKLESSNESS’ TRIGGERED EXPORT CONTROLS ON LATEST AI MODELS

Irina Ghose, managing director of India of Anthropic PBC, left, and Dario Amodei, co-founder and chief executive officer of Anthropic, during the company’s Builder Summit in Bengaluru, India, on Monday, Feb. 16, 2026. (Samyukta Lakshmi/Bloomberg via Getty Images / Getty Images)
“Over the past two weeks, we have worked closely with Anthropic to analyze and approve Fable 5 to ensure alignment across the U.S. Government and strengthen America’s leadership in AI,” the Commerce secretary wrote on X.
Anthropic is one of the leading artificial intelligence companies in the United States, and its Claude family of AI models competes with offerings from OpenAI, Google and other major developers.
The Commerce Department’s decision removes licensing requirements that had previously applied to exports, reexports and certain transfers of the affected AI models.

CEO of Anthropic Dario Amodei attends a working lunch with G7 leaders, G7 outreach partners, and global tech CEOs on innovation and AI, during the G7 Summit on June 17, 2026 in Evian-les-Bains, France. (Anna Moneymaker/Getty Images / Getty Images)
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It was not immediately clear what specific changes or additional assurances led federal officials to withdraw the restrictions after the earlier June 12 determination.
The Commerce Department and Anthropic did not immediately respond to FOX Business’ request for comment.
Business
Why is South32 stock rallying today?

Why is South32 stock rallying today?
Business
Sebi moves to standardise consent rules for AIFs
The regulator has proposed replacing the existing mix of two-thirds and 75% investor approval requirements with a single threshold of 75% consent by value of unit holders across AIF regulations wherever investor approval is mandated.
At present, rules mandate that certain material decisions relating to the governance and operations of an AIF, should be done only after obtaining requisite investor consent, with varying thresholds for different requirements.
They prescribe different approval thresholds for different matters.
However, they do not provide guidance on the manner or methodology for obtaining such consent.
“Over time, based on supervisory experience and stakeholder interactions, it has been observed that while the existing framework provides flexibility and operational ease, certain conflict-prone transactions may not be uniformly captured for investor consideration due to the limited scope of entities covered under the current definition of ‘associate’. This may lead to situations where transactions involving comparable levels of conflict are treated differently, resulting in interpretational uncertainty,” Sebi said in a discussion paper on Tuesday.
Further, diverse market practices have emerged with respect to solicitation, voting methodologies, and treatment of non-responses.
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