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• Feds to Probe Golf Merger
  Federal officials ...
  Federal officials are set to investigate the recently announced merger between the PGA and the Saudi Arabian-backed LIV Golf series. The probe alleges the deal provides the newly formed group monopolistic leverage in dictating when, where, and for how much the world's best golfers compete. 
  
  Reports suggest the legal battles drained $50M of the PGA's $100M cash reserves over the course of 12 months, with some suggesting the agreement may still fall apart due to longer-term disagreements over operations. 
  
  Separately, Rickie Fowler and Xander Schauffele were tied in Los Angeles after day one of the US Open. See the leaderboard here.
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• Rio Grande LNG gains momentum with key endorsements
  NextDecade has announced framework agreements under which Global Infrastructure Partners will become...
  NextDecade has announced framework agreements under which Global Infrastructure Partners will become the majority shareholder in the first phase of the Rio Grande LNG export project in Texas, while TotalEnergies will acquire a 16.7% interest in phase one, as well as offtake 5.95 million short tons per year of LNG for 20 years. A final investment decision on the project is expected by the end of the month.
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• Friday Stock Market Outlook
  US stock futures rise early Friday as the S&P 500 extended its...
  US stock futures rise early Friday as the S&P 500 extended its winning run with a sixth straight day of gains. Check out the latest market moves.
  
  Earnings on deck: Canaccord Genuity, Top Glove, and more, all reporting.
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• Patterson-UTI, NexTier Merging in $5.4B Deal
  Patterson-UTI Energy Inc. and NexTier Oilfield Solutions Inc. will combine in an all-stock merger of...
  Patterson-UTI Energy Inc. and NexTier Oilfield Solutions Inc. will combine in an all-stock merger of equals transaction, resulting in a company with a combined value of $5.4 billion that will operate in the most active basins in the U.S.
  
  The combined company, which will operate under the name Patterson-UTI Energy Inc., will have a fleet of 172 super-spec drilling rigs, 45 active frac fleets (33 NexTier, 12 Patterson-UTI) and directional drilling services.
  
  Its combined 3.3 million horsepower will make Patterson-UTI the largest North American pressure pumper by capacity, slightly larger than Halliburton, analysts at Evercore ISI wrote in a June 15 research note.
  
  
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• ☕️What Else is Brewing Friday Morning
  Virgin Galactic said it would begin its commercial space tourism service by the end of the month. ...
  Virgin Galactic said it would begin its commercial space tourism service by the end of the month. It’s been a long time coming.
  
  Former UFC champ Conor McGregor was accused of sexually assaulting a woman during Game 4 of the NBA Finals last week in Miami. McGregor’s attorney denied the allegations.
  
  An American man is in custody for allegedly pushing two women down a ravine near Germany’s Neuschwanstein castle, killing one of them.
  
  Twitter is being evicted from its Boulder, CO, office since it owes its landlord three months’ rent.
  
  About 35 million people in Texas, Louisiana, and Florida are under some sort of heat warning as stifling weather hits the South this weekend.
  
  
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