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Workers walk by solar panels in the Envision Ordos Modern Energy Equipment Industrial Park in Ordos in northern China's Inner Mongolia province on Friday, June 12, 2026. (AP Photo/Ng Han Guan)

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Workers labor on wind turbines at the Mingyang North Smart Energy factory in Baotou in northern China's Inner Mongolia province on Saturday, June 13, 2026. (AP Photo/Ng Han Guan)

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Wind turbine equipment sits at Mingyang North Smart Energy factory in Baotou in northern China's Inner Mongolia province on Saturday, June 13, 2026. (AP Photo/Ng Han Guan)

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Wind turbine blades are stress tested at the Mingyang North Smart Energy factory in Baotou in northern China's Inner Mongolia province on Saturday, June 13, 2026. (AP Photo/Ng Han Guan)

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U.S. and Iranian negotiators have met separately with Qatari and Pakistani mediators and host Qatar is reporting positive progress in talks. The plan is to continue discussions after the funeral of Iran’s previous supreme leader, Ayatollah Ali Khamenei, which is set to start on Saturday. The talks focus on ending the war and resolving issues over the Strait of Hormuz. Iran insists on controlling ship routes and charging fees, which the U.S. and Gulf Arab states oppose. Meanwhile, a U.S. Navy helicopter made an emergency landing in the Arabian Sea, with one crew member missing.

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Most U.S. stocks rose, but drops for some influential technology companies pulled the market lower. The S&P 500 slipped 0.2% Wednesday for its eighth loss in 11 days. The Dow Jones Industrial Average was nearly flat and edged down less than 0.1%, while the Nasdaq composite fell 0.7%. Stocks got a boost after a weaker-than-expected report on U.S. manufacturing helped Treasury yields pare gains in the bond market. That could mean less pressure on the Federal Reserve to raise interest rates this year. Three out of five stocks within the S&P 500 rose, but drops for AI winners weighed on the index.

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Ukrainian forces have struck Russia's major Ufa oil refinery for the second time in a week, President Volodymyr Zelenskyy said Wednesday. Attacks on Russian oil facilities have created a fuel crisis and increased political pressure on the Kremlin. The Ufa refinery is one of Russia’s largest producers of lubricants. Ukraine also targeted a missile component plant in Russia’s Penza region. Russian officials did not confirm the strikes. Ukraine’s drone and missile attacks have slowed Russian advances, according to officials. Meanwhile, Ukraine is gaining interest globally for its military technology, especially drones. Russian attacks on Ukraine continue, with three civilians reported killed Wednesday.