CNN US

An inflation gauge closely followed by the Federal Reserve showed consumer prices remained flat in May, indicating that inflation had yet to abate, despite the central bank's initial efforts to cool the economy.

Clearly, this isn't your father's RadioShack.

Dealmaking booms when markets are stable and businesses are feeling good about the economy and access to financing. When conditions deteriorate, confidence flags, and the number of companies going public or pursuing takeovers drops. That's what is happening now.

As President Joe Biden's administration prepares to hold its first onshore oil and gas drilling lease sales, environmental groups have filed a new lawsuit to attempt to stop the largest of these sales, in Wyoming. It's the second lawsuit in a week to challenge the administration on its drilling plans.