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Shares are higher in Asia after another wobbly day on Wall Street extended a losing streak for markets. Hong Kong advanced nearly 2.5% and other benchmarks were moderately higher. Oil prices slipped. On Monday, the S&P 500 failed to hold onto an afternoon gain, losing 0.4%. The benchmark index is coming off a six-week losing streak. Tech companies were among the biggest losers, pulling the Nasdaq down 1.2%. The Dow Jones Industrial Average ended barely in the green. Spirit Airlines jumped after JetBlue said it would make a hostile offer for the budget carrier. ManTech surged after investment firm Carlyle Group said it will buy the defense contractor. 

The western Ukrainian city of Lviv has been rocked by a number of very loud explosions.  An Associated Press team in the city witnessed the glare of bright explosions which lit up the night sky to the west of the city shortly after midnight local time. Witnesses counted at least eight explosions accompanied by distant booms. The smell of burning was apparent some time later.  The city is currently under curfew from 11 p.m. to 6 a.m. Makysym Kozytskyy, chairman of the Lviv Regional Military Administration, says the Russians had fired on military infrastructure in the Yavoriv district. The city of Yavoriv is about 15 kilometers (less than 10 miles) from the Polish border. 

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A man walking on a footbridge to a Detroit Tigers game says he fell 15 feet to the ground when part of the concrete collapsed. Ely Hydes said the incident occurred May 9. But the bridge over the Lodge Freeway still was open until The Detroit News reached out to the state Transportation Department on Sunday. Hydes says he was walking to Comerica Park with a friend when “the bridge just collapsed under my feet.” Hydes says he landed about six feet from traffic. He describes himself as a “giant walking bruise.” Hydes says “crazy things” happen to him at baseball games. In 2019, he caught a home run hit by Albert Pujols, the slugger’s 2,000th career RBI.

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JetBlue is going hostile in its bid for Spirit Airlines. And it's asking Spirit shareholders to reject a proposed $2.9 billion acquisition by Frontier Airlines. Spirit shareholders are scheduled to vote June 10 on the Frontier bid, which is favored by Spirit's board. Spirit has cited uncertainty about regulatory approval of JetBlue’s $3.6 billion offer for the Florida budget carrier. JetBlue said Monday that Frontier’s offer is high-risk and low-value. Shares of JetBlue Airways Corp. fell 6% while shares of Frontier, based in Denver, closed up 6%. Shares of Spirit, based in Miramar, Florida, jumped 13.5% but still closed well below either JetBlue offer, at $19.27.

Elisabeth Borne has been appointed France’s new prime minister. She's only the the second woman to hold the post in the country. The 61-year-old Borne succeeds Jean Castex, who resigned as expected Monday after French President Emmanuel Macron was reelected last month. Macron and Borne are expected to appoint a new French government in the coming days. Borne has served as France's labor minister since 2020.  She is now also expected to take a senior role in Macron's efforts to fight climate change. Some left-wing politicians were upset Monday with the choice of Borne, saying she reduced welfare payments to some unemployed people. Borne’s first mission will be to make sure that Macron’s centrist party and its allies do well in France’s parliamentary election in June. 

Sri Lanka’s new prime minister wants to privatize the country’s loss-making national airline as part of reforms aimed at solving the country worst economic crisis in decades. Prime Minister Ranil Wickremesinghe says he plans to propose a special relief budget that will take the place of the development-oriented budget earlier approved for this year. It would channel all funds allocated for infrastructure development to public welfare. He says the country’s financial health is so poor that the government has been forced to print money to pay the salaries of government workers and buy other goods and services. The president appointed Wickremesinghe prime minister last Thursday in a bid to quell the island nation’s political and economic crisis.