NextEra-Dominion Merger Spread Narrows to 2.1% Ahead of Earnings
Markets Daniel Marsh

NextEra-Dominion Merger Spread Narrows to 2.1% Ahead of Earnings

The stock-only spread in the NextEra-Dominion merger narrowed to 2.14% from 3.07% last week, with NextEra's July 24 earnings report looming.

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SK Hynix Surges 12.8% in Nasdaq Debut, Premium Over Seoul Shares Widens
IPO Michael Okonkwo

SK Hynix Surges 12.8% in Nasdaq Debut, Premium Over Seoul Shares Widens

SK Hynix closed its first Nasdaq session at $168.01, a 12.8% gain from the offer price, and now trades at a 15.5% premium over its Seoul-listed equivalent.

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Indian Railways Sanctions ₹381 Crore for Two Projects, Kavach Gets 54%
Technology Sarah Chen

Indian Railways Sanctions ₹381 Crore for Two Projects, Kavach Gets 54%

Indian Railways has sanctioned ₹381 crore for two separate projects, with over half going to the Kavach train protection system. The allocation covers 680 route km at ₹30.3 lakh per km.

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NASA Seeks Industry Input on Lunar Supply Chain as Moon Base Ambitions Grow
Technology Sarah Chen

NASA Seeks Industry Input on Lunar Supply Chain as Moon Base Ambitions Grow

NASA is seeking industry input on lunar supply chain bottlenecks as a six-person moon base may need 26 resupply runs annually. ispace books SpaceX Starship space, and Intuitive Machines wins NASA contracts.

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Bending Spoons' Extreme Hiring Selectivity and Founder Control Define Post-IPO Landscape
IPO Michael Okonkwo

Bending Spoons' Extreme Hiring Selectivity and Founder Control Define Post-IPO Landscape

Bending Spoons hired just 286 of 800,000 applicants in 2025, while its founders control 82.71% of votes post-IPO. Shares have dropped 18.7% from the debut close.

JetBlue Exits Manchester After Short Run as Florida Focus Intensifies
Markets Daniel Marsh

JetBlue Exits Manchester After Short Run as Florida Focus Intensifies

JetBlue Airways has ceased operations at Manchester-Boston Regional Airport after just 17 months, shifting aircraft to higher-demand routes as it deepens its Florida network.

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Union Pacific's Big Boy Tour Highlights Merger Amid 12.9% Arbitrage Spread
Markets Daniel Marsh

Union Pacific's Big Boy Tour Highlights Merger Amid 12.9% Arbitrage Spread

Union Pacific's Big Boy 4014 steam locomotive draws crowds in Pennsylvania, highlighting the $85 billion merger with Norfolk Southern as investors eye a 12.9% discount to the deal's implied value.

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Kraken Launches AI Trading with Minimal Assets, Eyes Retail Growth
Crypto Sarah Chen

Kraken Launches AI Trading with Minimal Assets, Eyes Retail Growth

Kraken's AI trading tools launch with only $377 in assets under management at its U.S. adviser, as the exchange targets revenue growth through agentic trading and retail engagement.

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Air Force Faces Pilot Shortage as B-21 Raider Fleet Expansion Accelerates
Markets Daniel Marsh

Air Force Faces Pilot Shortage as B-21 Raider Fleet Expansion Accelerates

The U.S. Air Force may need 779 bomber pilots by 2027, a 57% jump from 2025, as Northrop Grumman (NOC) increases B-21 Raider production.

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China's Reusable Rocket Milestone Fuels $3.3 Billion Rally in Satellite Stocks
Markets Daniel Marsh

China's Reusable Rocket Milestone Fuels $3.3 Billion Rally in Satellite Stocks

Shares of China Spacesat and China Satellite Communications hit daily limits after China's first rocket stage recovery, adding $3.3 billion in combined market value.

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Xero's $500 Ultra Plan: A Strategic Move Beyond Small Business Accounting
Technology Sarah Chen

Xero's $500 Ultra Plan: A Strategic Move Beyond Small Business Accounting

Xero's new Ultra plan at $500/month targets companies with 20-200 staff, bridging to ERP. At 5,000 subs, it could generate ~1% of FY26 revenue.

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SWIFT's Blockchain Pilot Launches with 17 Banks, but Adoption Remains Limited
Technology Sarah Chen

SWIFT's Blockchain Pilot Launches with 17 Banks, but Adoption Remains Limited

SWIFT has launched its blockchain ledger with 17 banks for 24/7 cross-border transfers using tokenized deposits, but the pilot represents only 0.15% of its network.

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