QUICK HITS

1 Sweden denies helping Kurdish groups:

Sweden on Tuesday denied it was providing any “financial assistance or military support” to Kurdish groups or entities in Syria — claims Turkey is using to back its opposition to Sweden’s and neighboring Finland’s historic bids to join NATO. The denial came as delegations from Sweden and Finland were expected in the Turkish capital, Ankara, for talks with Turkish officials today.

2 Snap warning sinks social media stocks:

A stark profit warning from Snapchat’s parent company spooked investors into dumping the stocks of major social media companies. Snap plummeted 40.5%, while Facebook’s parent, Meta, slumped 8.8%. Google’s parent fell 8.5% as of noon.

3 Surfside owners’ payout boosted:

People who owned condominiums in the Florida building that collapsed almost a year ago but did not suffer a loss of life will share at least $96 million from a court settlement, a judge said Tuesday. The initial amount for property owners — as opposed to families of the 98 victims of the June 24 collapse at Surfside — was set at $83 million.

4 Indiana lawmakers to override transgender veto:

The Republican-dominated Indiana Legislature was poised Tuesday to override the GOP governor’s veto of a bill banning transgender students from competing in girls sports, which would mean Indiana would join more than a dozen states that have adopted similar laws in the past two years.

5 Airbnb to drop China listings:

Airbnb Inc. will stop listing homes and experiences inside China this summer and instead focus its business in the country on serving Chinese tourists looking for lodgings abroad, a company official said Tuesday. Airbnb began listings in China in 2016, but they have accounted for only about 1% of company revenue.