The IPO market comesroaring back to life with Warner Music Group (WMG) set to price its offering onJune 2. The former Warner Bros. property set a range of $23 to $26 for 70MClass A shares, with an implied valuation of $13.3B at the top end. Warner's stableof musicians includes Ed Sheeran and Bruno Mars.

IPO (Initial Public Offering): 首次公开募股

A smaller IPO isalso due to be priced next week, with Pliant Therapeutics (PLRX) coming to themarket with 6M shares in an expected range of $14 to $16. Also in the IPOuniverse, the quiet periods expire on GAN (NASDAQ:GAN) on June 1 and AyalaPharma (NASDAQ:AYLA) on June 2, while the share lockup period expires for LMPAutomotive (NASDAQ:LMPX) on June 2.

Quiet Period: 平静期

Lock-up Period: 锁定期

Nineteen hours afterSpaceX's (SPACE) Falcon 9 rocket lifted off Saturday from Florida on a historicvoyage, the Crew Dragon capsule docked with the International Space Station. Itwas the first-ever private spacecraft to attain orbit with people on board andmarks the final test flight before the company begins flying astronauts everyfew months. SpaceX competitor Boeing (NYSE:BA) even congratulated the company,saying the mission to the ISS "marked a new era in human spaceflight.Welcome, #CrewDragon!"

Historic Voyage：历史航程

ISS (International Space Station) : 国际空间站

Capsule：胶囊

Astronauts：航天员

Zoom Video(NASDAQ:ZM) has announced plans to strengthen encryption on video calls made bypaying clients and institutions such as schools, but not for users of itspopular free accounts. The plan is drawing mixed reactions from privacyadvocates, with some saying Zoom should offer protected video more widely. Froma business perspective, it's hard to make money when offering a sophisticatedand expensive encryption service for free.

Encryption Service：加密服务

彭博财经阅读 6月1日