Father’s Day spending is anticipated to hit a record high of $27.9 billion this year, according to NRF estimates. “Despite economic pressures, Father’s Day remains just as important to shoppers as in years past,” NRF Chief Economist and Executive Director of Research Mark Mathews said (more).

Fox has announced it will be acquiring Roku in a deal worth an estimated $22 billion. Upon conclusion of the deal, the combined entity would be the “third-largest player in U.S. television by share of viewing,” according to a press release (more).

KFC is refocusing its menu to place more emphasis on boneless chicken options, as well as sauces, to impress the modern diner. Competition from McDonald’s, other chicken QSRs, and upstarts in the category is also spurring the move (more).

Oil prices fell to about $83 per barrel on news that a tentative deal on ending the Iran conflict and reopening the Strait of Hormuz took hold. Investors appear wary, but optimistic, that this particular deal will hold (more).

Both Kohl’s and Staples have announced their own summer sales event overlapping Amazon’s Prime Day, which runs from June 23 through June 26. Kohl’s will be launching its Deal Days summer savings event June 23 through June 28, while Staples is pushing a longer Easy Deal Days even from June 21 through July 4 (more).