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EU High Representative for Foreign Affairs and Security Policy Karas: Navigation in the Strait of Hormuz and the Red Sea must be unimpeded.S&P affirmed Standard Chartered (02888.HK)’s “BBB+/A-2” rating and revised its outlook to positive, citing improved business and profitability.Market news: IBM (IBM.N) will acquire HRL Labs to empower the future of quantum computing.American Airlines (AAL.O): Revenue momentum is expected to continue into the second half of the year. Strong corporate and premium leisure demand.Truist Securities raised its price target for Texas Instruments (TXN.O) from $278 to $300.