Deals Spotlight: The Bloomberg Open, Americas Edition

Good morning. Deals are in the spotlight again. Bond yields are surging. And “poor man’s cocaine” has authorities worried around the globe.

What’s Happening Now

The deals space is hotting up. India’s JSW is planning to form a consortium to bid for a majority stake in Teck’s steelmaking coal business, potentially rivaling an $8 billion offer from commodities powerhouse Glencore. And BAE agreed to buy Ball’s aerospace division for $5.6 billion.

The headquarters of JSW Steel in Mumbai. Dhiraj Singh/Bloomberg

China’s troubled shadow bank Zhongzhi plans to restructure its debt and sell assets to repay investors after hiring KPMG for an audit, people familiar said. Police visited ...