Market indices shot higher Tuesday morning on word that the Trump Administration had backed off a threatened June 1 50% tariff on the European Union, returning to the original 90-day pause date of July 9.

Pending the outcome of its investigation into financing, accounting, and inventory irregularities at Lugano Holding, the parent of 5.11, Boa, Primaloft, and Velocity Outdoor has taken action to enhance liquidity and reduce costs.

The U.S. House of Representatives passed its reconciliation tax package, which includes key language from the Personal Health Investment Today Act.

After selling off its name and IP in a Companies’ Creditors Arrangement Act bankruptcy restructuring, up to 28 Hudson’s Bay lease locations in Ontario, Alberta, and British Columbia will be acquired by Ruby Liu Commercial Investment Corp.

MTN named its current executive chairperson and former chief executive officer as CEO of the company, succeeding Kirsten Lynch, who has stepped down from the top job and as a director.

The JDH Capital-backed firearms maker elevated three executives, naming Robert Gates to SVP, Beth Shimanski to VP of marketing, and Steve Colaluca to VP of operations for firearms.