| By Derek Caney (@stax920)
It's starting to feel like a Shakespeare play – or an MTV reality show. An aging tycoon with (depending on who you ask) failing faculties fights to control the fate of his empire. He faces challenges from his daughter, who is opposed by his granddaughter. And the catalyst is the tycoon's ex-girlfriend, who is making sure it all gets played out in public. Maybe you could call it "Redstone Family Values." Dramatis Personae: Sumner Redstone: The old mogul and largest shareholder of Viacom Inc. Shari Redstone: The daughter accused of trying to take over the company (She denies it). Keryn Redstone: The granddaughter and Shari's niece, who wants to rescue her grandfather from the "clutches" of her evil aunt (And yes, "clutches" is a direct quote). Manuela Herzer: The ex-girlfriend whose lawsuit against Sumner was the catalyst of the affair. The shareholders: The value of their shares has fallen 50 percent in the last two years.
Couldn't be any worse than "Ex On The Beach"…
Saudi vs. Iran: The rematch. The two foes face off at the OPEC meeting beginning today. The Saudis wants to revive coordinated action to prop up the oil price. Iran doesn't.
Hillary Clinton is expected to slam Donald Trump for being too friendly with North Korea and too harsh on European allies during a foreign policy speech in California. Digit of the day: 2 That's the margin of Clinton's lead in California over Bernie Sanders in the latest poll. It doesn't change the math much, however. Because delegates are awarded proportionally, Clinton will likely clinch the nomination on June 7. By that point, the only thing left to decide will be the terms of surrender. But that's no small thing. Such terms could well determine if Sanders supporters stay home or learn to love Clinton – at least enough to keep Trump out of the White House.
Around the world - The search zone for the crashed EgyptAir jet has been narrowed to about a mile after a vessel picked up a signal from one of the plane's black boxes.
- Somali security forces said they have cleared all al Shabaab militants from a hotel in Mogadishu, but not before the militants killed at least 16 people and wounded 55 others in a bomb and gun attack.
 The scene of a suicide car bombing outside Hotel Ambassador on Maka Al Mukaram Road in Somalia's capital Mogadishu, June 1, 2016. REUTERS/Feisal Omar
Quote of the day: Since 1986, approximately 175 journalists have been killed in the Philippines.
Around Wall Street - Uber raised $3.5 billion from Saudi Arabia's sovereign wealth fund, gaining a crucial partner in its expansion into the Middle East. The investment from the Saudi Arabian Public Investment Fund was part of the ride-hailing service's most recent financing round that valued the company at $62.5 billion, making it the most highly valued venture capital-backed company in the world.
- West Texas oil-field developers swear they've learned their lesson as they start drilling again after the recent rebound in crude oil prices. "We're going to ease back into the activity, not stomp on the accelerator," said Steve Pruett, a small oilfield developer. “We’ve all sobered up." The rout in oil prices over the last two years cost hundreds of thousands of jobs, pushed dozens of firms into bankruptcy and led to an investment slump so severe that it weighed on the whole U.S. economy.
- Singapore state funds bought $1 billion of shares in Alibaba as part of an $8.9 billion sale by SoftBank, Alibaba's biggest shareholder.
Around the country - After killing a gorilla at the Cincinnati Zoo to save a 3-year-old boy, zoo officials collected a sample of his sperm, raising hopes among distraught fans that the gorilla could sire offspring even in death. But the sample is more likely to be used for research, not reproduction. The boy's family doesn't plan to sue the zoo.
- A man killed a UCLA engineering professor yesterday before turning the gun on himself. The campus was locked down for two hours. We don't know who the killer was or why he did it.
- The California Assembly passed a package of gun control bills, including a measure to ban so-called bullet buttons which allow quick changes in the magazine of a military-style weapon. The bills, which lawmakers are pushing the Senate to consider this month, are among several gun control measures that leaders of both houses want to pass in advance of a gun control referendum headed for the November ballot.
Today's reason to live Sly & The Family Stone: Family Affair | 
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