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Here is your morning brief for Tuesday, May 26th.

I'm Luke Vargas for the Wall Street Journal.

Oil prices are rising this morning and global stocks are mixed after the U.S. conducted a fresh round of strikes in Iran. The U.S. described the action as defensive. After tit-for-tat attacks

yesterday, saw the U.S. sink a pair of mine-laying boats and Iran fire surface-to-air missiles

at American warplanes. Despite the flare-up, American officials say the U.S. continues to observe a ceasefire

in place since early April, and that talks to end the war are ongoing.

China's Huawei says it's developed a workaround that will allow it to produce advanced

chips on par with those made by leading manufacturers by 2031. despite being barred from accessing specialized machines

made by Dutch company ASML used by rivals, including Intel, TSM, and Samsung.

Huawei, a central company in Beijing's national push for tech self-sufficiency,

says its process for making high-end chips focuses on improving computing efficiency

by stacking multiple layers of circuits within a single chip and reducing the time that it takes to move data among them.

And we are exclusively reporting that Eli Lilly is expanding a push into infectious disease prevention

by acquiring three vaccine developers in deals set to be announced later today.

The deals to acquire Curivo, Limitech biologics, and Vaccine Co. Add up to nearly $4 billion

and could turn vaccines into a core focus for Lilly alongside obesity and cancer treatments.

Asian stocks have end of the day mainly lower.

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