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Jet.AI Shares Slide Despite Reverse Takeover Proposal; Valuation Based on Expanded Share Count
Jet.AI shares dropped 12.5% as investors question a $10 per share reverse takeover valuation, which relies on a share count that increased 38% since May.
Alibaba Surges $17B on Apple AI Deal, but Revenue Path Unclear
Alibaba's stock surged 6.2% after China approved Apple Intelligence, integrating Alibaba's Qwen AI into Apple's OS. The $16.7B market cap gain highlights investor optimism, but revenue details remain elusive.
CleanSpark's $6.6B Lease Deal Puts $2.1B Construction Funding to the Test
CleanSpark shares gave back most of an early 10.5% gain as the market weighed a $6.6B lease against a $2.1B construction bill, testing the company's ability to secure project financing.
Bitmine's $482M Cash Pile Nears Cost to Reach 5% Ether Goal
Bitmine's cash and marketable securities of $482 million nearly equal the $482.2 million needed to bridge its Ether holdings to 5% of supply, posing a key capital allocation decision.
Retirement savings gap widens as US workers tap plans
A Schroders survey reveals 51% of US workers expect to retire with under $500,000, as 27% cut contributions or borrowed from plans. The target nest egg dropped to $1.2 million.
Apple Gets China Nod for AI as iPhone Shipments Surge 24%
China approves Apple Intelligence after Q2 iPhone shipments in mainland China rise 24.4%, defying a 4.3% market decline. Apple's stock reaches a new high.
BlackRock's Record $15.3 Trillion AUM Masks HPS Deal Earnings Boost
BlackRock hits $15.3 trillion in assets, but Q2 earnings were lifted by the HPS deal; organic growth will be key from Q3 onward. Shares rose 6.8%.
J&J's Q2 Growth Largely Relies on Two Key Drugs
Johnson & Johnson's Q2 sales growth was almost entirely driven by Tremfya and Darzalex, raising concerns about portfolio depth. MedTech missed estimates.
Intel's Dual Production Strategy Mitigates High-NA EUV Investment Risk
Intel has started volume production of Panther Lake chips using ASML's High-NA EUV system, but the chips are also qualified on older tools, reducing risk. Foundry losses remain high ahead of Q2 results.
Zhongji Innolight's $7B Hong Kong IPO Nears Regulatory Nod
Zhongji Innolight is set to launch a $7 billion Hong Kong IPO, pending regulatory approval, which could dilute existing shareholders by up to 6.4%.
Angelini Completes $4.1B Acquisition of Catalyst Pharmaceuticals
Angelini finalized its $4.1 billion acquisition of Catalyst Pharmaceuticals, paying $31.50 per share in cash, valuing the company at 9x 2026 EBITDA.
SoFi Faces Margin Hurdle to Meet 2026 Profit Goal
SoFi must achieve a 37.7% adjusted EBITDA margin in the second half of 2026 to meet its full-year profit target. Q2 results on July 29 will be crucial.