Key News Asian equities were mostly higher as investors celebrated the tentative Israel-Iran ceasefire agreement, which removes a significant risk factor to energy shipments, which Asian nations tend to rely on heavily. Starbucks said that it is not considering a full sale of its China business, contrary to media reports from Caixin and others. It will continue to own some of its operations in China’s markets directly, as the CEO referred to a “great team” in China and a strong adoption and appreciation for its products. Starbucks rode the rising popularity of coffee in a culture that traditionally favored tea…

More than 58,000 borrowers who may qualify for student loan forgiveness under a new program and have submitted an application have received no response from the Department of Education, in some cases nearly a year after submission. And the department’s backlog of requests appears to only be increasing. These borrowers have requested relief through the PSLF Buyback program, a relatively new option that allows those who are pursuing Public Service Loan Forgiveness to make a lump sum payment to convert certain forbearance periods (which typically don’t count toward student loan forgiveness) into qualifying months of repayment for the PSLF program.…