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Shared Platform Backed by The National Bank of Georgia Will Deliver Trusted Global Infrastructure to Support Growth of the Banking Sector July 20, 2026 03:00 ET  | Source: Nasdaq, Inc.

TBILISI, Georgia and NEW YORK, July 20, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced a landmark partnership with the National Bank of Georgia (NBG) to modernize the treasury and financial markets infrastructure across Georgia's banking sector. Five of the country's largest commercial banks — Bank of Georgia, TBC Bank, Liberty Bank, Terabank and Basisbank — will adopt the Nasdaq Calypso platform under a shared, common infrastructure model spanning the full front-to-back trade lifecycle. The initiative, operating under the Georgian Market Advancement Program (GMAP) and coordinated in collaboration with the Georgian Financial Markets Treasuries' Association (GFMTA), represents a significant milestone in the development of Georgia's capital markets.

Natia Turnava, Governor of the National Bank of Georgia, said: “Modernising Georgia's treasury infrastructure is a strategic priority for the National Bank of Georgia and a critical step in the continued development of our financial system. By bringing the country's five largest commercial banks onto a common, internationally recognized platform, we are raising the standard of risk management, regulatory oversight, and operational resilience across the sector. This initiative reflects our commitment to building a financial market that is robust, transparent, aligned with international best practice, and equipped to support Georgia's continued economic growth.”

Why Georgia's Banks Need a New Treasury Infrastructure Model

Georgia's commercial banking sector has experienced double-digit growth over the past five years, with total assets approaching USD 38 billion - reflecting the depth and dynamism of the country's financial system. As the sector has grown, so too has demand for more sophisticated treasury infrastructure capable of supporting complex securities and derivatives markets, enterprise-grade risk management, and increasingly rigorous regulatory standards. At the same time, the investment required to deploy and maintain such infrastructure at the individual institutional level represents a significant undertaking for any single bank. A shared, coordinated approach - pooling resources and expertise across the sector - provides the most efficient path to achieving that ambition at scale.

Magnus Haglind, Head of Capital Markets Technology at Nasdaq, said: “Georgia presents a compelling example of how the shared infrastructure model can unlock real value for individual institutions and the financial system as a whole. By drawing on Nasdaq’s experience navigating modernization programs at scale, firms gain access to deep institutional knowledge and the ability to evolve without bearing the full cost, risk, or operational complexity of doing it alone. GMAP reflects exactly the kind of structured, country-level framework that enables this type of transformation to succeed. We welcome the opportunity to support the National Bank of Georgia in this initiative, and to help Georgia's banking sector build the infrastructure it needs for its next phase of growth.”

How Nasdaq Calypso Solves the Shared Infrastructure Challenge for Georgian Banks

The Nasdaq Calypso platform will be deployed as a shared infrastructure model, installed at a centralized location with each of the five participating banks represented as a separate entity within the same instance, with their data fully segregated. Each institution will benefit from a configuration adapted to its individual business requirements, risk profile, and operational context, while operating within a common framework that enables standardized reporting and workflows, shared market data, and collective governance, oversight, and audit capabilities.

The platform will span the complete trade lifecycle from front-office deal capture and pricing, through middle-office risk management and compliance, to back-office settlement, accounting, and financial reporting. This end-to-end architecture eliminates the need for multiple point solutions, reduces reconciliation overhead, and delivers a single source of truth for treasury operations across the sector.

Standardization also delivers systemic benefits beyond any single institution. With harmonized data and reporting across all five banks, the National Bank of Georgia gains materially enhanced visibility into treasury exposures, liquidity positions, and systemic risk, supporting more effective macroprudential supervision. Consistent audit trails and common reporting frameworks reduce the burden on both banks and regulators and provide a robust foundation for Georgia's continued integration with international financial standards, including ISO 20022, the global messaging standard for financial data exchange.

Lasha Jugeli, Executive Secretary of the Georgian Financial Markets Treasuries' Association, said: “The Georgian Market Advancement Program (GMAP) is the result of years of deliberate coordination across Georgia's banking sector, and it marks a pivotal moment for our Association and the institutions we represent. By aligning on a shared infrastructure backed by Nasdaq's global expertise and the National Bank of Georgia's institutional support, and project management funding provided by Japan through the Japan–EBRD Cooperation Fund, our member banks are not only modernising their own operations — they are collectively raising the standard for treasury management across the sector. We are proud to have played a central role in bringing this initiative to fruition, and we look forward to the tangible benefits it will deliver for our members and for Georgia's financial markets as a whole.”

The five participating banks collectively represent the majority of Georgia's commercial banking sector assets, and their adoption of a common, internationally recognised platform marks a defining step in Georgia's emergence as a modern, well-governed financial market.

Notes to Editors

The project management component of the 'Implementation of the Treasury Management Solution for Georgian Commercial Banks' project has been financed by Japan through the Japan–EBRD Cooperation Fund.

Media contacts

Nasdaq: Andrew Hughes; +44 (0)7443 100896; [email protected]

The National Bank of Georgia: [email protected]

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying the technology, data, and advanced analytics that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

About The National Bank of Georgia

The National Bank of Georgia (NBG) is the central bank of Georgia. Its status is defined by the Constitution of Georgia. The main objective of the National Bank is to ensure price stability. Georgia's first central bank was established in 1919. In its current form the National Bank of Georgia has existed since 1991. According to the Constitution of Georgia, the National Bank is independent in its activities. Beyond this mandate, the NBG operates as Georgia’s integrated financial supervisor - a single megaregulator that oversees nearly the entire financial sector rather than functioning as an ordinary bank. Its remit spans the regulation and oversight of commercial banks, microbanks, microfinance organizations, payment service providers, virtual asset service providers, and other market participants, together with responsibility for the secure and efficient operation of payment and settlement systems and for advancing transparency, consumer protection, and financial literacy. The NBG also safeguards financial stability and manages the country’s international reserves, a key anchor of macroeconomic stability. For additional information, visit https://nbg.gov.ge/en.

About Georgian Financial Markets Treasuries Association

Georgian Financial Markets Treasuries Association GFMTA was established on November 21, 2018 by the National Bank of Georgia (NBG), various commercial banks and microfinance organizations. Today, the Association is the largest professional organization that cares about the development of financial markets in Georgia and unites 16 entities operating in different segments of the financial markets of Georgia, including 11 commercial banks, 2 microfinance organizations, the Pension Agency of Georgia, the National Bank of Georgia, and a corporation.

-NDAQG-

Cautionary Note Regarding Forward-Looking Statements:

Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “will”, “can” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the benefits of Nasdaq Calypso and Nasdaq’s technology partnership with The National Bank of Georgia and the country’s banking sector. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

20.7.2026 10:33

Ropa -0,07 % na 81,72 USD za barel.
Zemní plyn -2,2 % na 2,847 USD za mbtu.

Zlato +0,25 % na 4028,7 USD za unci.
Stříbro +1,76 % na 57,315 USD za unci.
Měď +0,85 % na 6,3185 USD za libru.

Kukuřice +0,96 % na 4,72 USD za bušl.
Pšenice -0,37 % na 6,8025 USD za bušl.

Michal Bárta
Fio banka, a.s.
Prohlášení

The Pound to Canadian Dollar (GBP/CAD) exchange rate traded lower last week as UK political developments drove volatility while rising oil prices supported the commodity-linked Canadian Dollar.

At the time of writing, GBP/CAD was trading at CA$1.8861, down around 0.5% on the week.

Latest — Exchange Rates:
Pound to Canadian Dollar (GBP/CAD): 1.88631 (-0.31%)
Euro to Canadian Dollar (EUR/CAD): 1.60365 (-0.20%)
Dollar to Canadian Dollar (USD/CAD): 1.40207 (-0.14%)

DAILY RECAP:

The Pound (GBP) had a quiet start to the week as a sparse UK economic calendar left Sterling lacking fresh direction, opening it up to losses against stronger rivals.

Comments from Bank of England Governor Andrew Bailey added to the subdued mood after he warned about the UK's long-standing growth challenges. As a result, GBP/CAD slid to a near two-week low.

Sterling surged in the middle of the week as markets reassessed expectations for the next Chancellor under incoming Prime Minister Andy Burnham.

Confidence improved after Shabana Mahmood emerged ahead of Ed Miliband as the favourite for the role, with investors viewing Mahmood as the more fiscally credible candidate.

However, Sterling couldn’t hold on to its gains, despite data confirming the UK economy expanded by 0.1% in May.

Meanwhile, the crude-linked Canadian Dollar (CAD) strengthened early last week as renewed conflict in the Middle East saw oil prices climb higher.

This propelled the ‘Loonie’ to a near two-week high against the Pound.

Midweek, CAD faced some pressure following the Bank of Canada’s monetary policy decision. The bank left rates unchanged and struck a broadly cautious tone, thereby dampening interest rate hike bets.

However, the Canadian Dollar was able to quickly regain lost ground on Thursday, and extended its upside on Friday, as crude prices continued to rise.

Near-Term GBP/CAD Forecast: Inflation Figures in Focus Looking ahead, the spotlight for GBP investors will first fall on the UK's latest labour market report, due on Tuesday.

If the data points to a resilient jobs market, with unemployment unchanged and wage growth remaining robust, Sterling may find fresh support.

Attention will then turn to Wednesday's UK consumer price index. Should June's figures show headline inflation eased further, the Pound may come under renewed pressure.

The week's final UK releases arrive on Friday, with June's retail sales data and the preliminary PMIs for July. A slowdown in consumer spending, coupled with another contraction in the services sector, could see Sterling end the week on the back foot.

As for the Canadian Dollar, the week kicks off with Canada’s latest CPI. A forecast cooling of inflation in June could dent CAD.

However, the crude-linked currency may attract support throughout the week if the US-Iran conflict continues to intensify, driving up the price of oil.

Spain is world champion again. The national team defeated Argentina at MetLife Stadium on July 19, 2026, claiming its second men’s FIFA World Cup title and its first since 2010.

Several FC Barcelona players were front and center in the trophy photos, which made sense given that up to nine La Masia academy graduates featured in the World Cup final. Eight members of the broader Spanish squad came through Barcelona’s famous youth system.

The La Masia effect For context, Spain’s 2010 title was similarly built on a Barcelona spine, with players from the club forming the tactical backbone of Vicente del Bosque’s squad. The 2026 version is a different generation, but the pipeline clearly held.

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Lamine Yamal, Barcelona’s teenage forward, was among the most closely watched players of the tournament. His performances generated the kind of attention that, in 2026, inevitably spills over into crypto markets.

The token picture: official calm, unofficial chaos The official FC Barcelona Fan Token, trading under the ticker BAR, has been sitting in the $0.27 to $0.29 range through mid-July 2026. Its market capitalization hovers around $7.5 million.

BAR launched in 2020 through a partnership with Chiliz, the blockchain platform that pioneered the fan token model across European football. The token gives holders access to club polls, exclusive content, and merchandise perks. It does not give holders any ownership stake in the club or a share of player transfer fees.

Barcelona has not announced any new digital asset or token initiative tied to Spain’s World Cup victory. No commemorative NFT drop, no limited edition BAR reward, no new Chiliz partnership extension.

A collection of $YAMAL tokens has appeared on the Solana blockchain, riding the wave of attention around Lamine Yamal’s tournament performances. These tokens carry no official backing from the player, the club, or any recognized sports organization. Their market caps range from $10,000 to $32,000.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

The New Zealand Dollar (NZD) resumed its broader bullish trend against the US Dollar (USD) on Monday, following a mild pullback over the previous two trading days. Bulls are pushing against the resistance area between 0.5860 and 0.5865, so far unaffected by the risk-off mood amid the hostilities in Iran.

The Kiwi Dollar has been drawing support from the favourable monetary policy divergence between the US Federal Reserve (Fed) and the Reserve Bank of New Zealand (RBNZ). New Zealand’s central bank hiked interest rates earlier in July and hinted at further tightening in the coming months, while, in the US, the soft inflation figures seen last week have dampened hopes of a rate hike in the near term.

This, so far, is offsetting the negative impact on the risk-sensitive Kiwi from the escalating tensions between the US and Iran and the surging Crude Oil prices.

Technical Analysis: Indicators hint at an overstretched rally

NZD/USD trades at 0.5862, holding a constructive near-term bias as it clings to gains above the reclaimed ascending trend-line support. The 4-hour Relative Strength Index (14), near 70, shows overbought conditions, and the Moving Average Convergence Divergence (MACD) has started to soften, hinting that upside strength might be losing momentum.

On the topside, bulls are pushing against the mentioned resistance area ahead of 0.5865 (June 15, July 15 highs). Further up, a previous support-turned-resistance, around 0.5910 (June 1 low), looks a plausible target.

A bearish reaction, on the contrary, is likely to be tested at the trendline support, now around 0.5835, ahead of Friday's low at 0.5825. A deeper pullback might look for support at the July 10 and 13 highs, just below 0.5800.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.

USDEURGBPJPYCADAUDNZDCHFUSD-0.04%-0.19%-0.02%-0.05%-0.26%-0.27%-0.09%EUR0.04%-0.12%0.02%-0.02%-0.21%-0.25%-0.05%GBP0.19%0.12%0.15%0.10%-0.10%-0.12%0.04%JPY0.02%-0.02%-0.15%-0.02%-0.24%-0.22%-0.09%CAD0.05%0.02%-0.10%0.02%-0.21%-0.19%-0.07%AUD0.26%0.21%0.10%0.24%0.21%0.00%0.18%NZD0.27%0.25%0.12%0.22%0.19%-0.01%0.14%CHF0.09%0.05%-0.04%0.09%0.07%-0.18%-0.14% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Wolfspeed transitioned from post-bankruptcy turbulence to a period of relative calm, but recent months have brought renewed volatility. A bull case for a recently bankrupt firm with negative gross margins seems impossible — but there's a rational case for long-term upside. A growing role for silicon carbide in the AI buildout should drive a far larger market, and Wolfspeed's capacity has real value.

Vývoj měnových párů: EUR/CZK 24,2

Po téměř dvou měsících výprodejů se zdá, že se sentiment u kryptoměn začíná pomalu obracet. Americká ETF navázaná na spotovou cenu bitcoinu zaznamenala druhý týden v řadě čistý příliv kapitálu. Někteří analytici tak hlásí, že kryptoměny by mohly nacházet své cenové dno.

Třináct amerických spotových bitcoinových ETF přilákalo v uplynulém týdnu přibližně 75,7 milionu dolarů. Navázaly tak na předchozí týden, kdy do nich přiteklo zhruba 197,4 milionu dolarů. K obratu došlo navzdory výraznému odlivu ve výši 424,7 milionu dolarů během pondělí 13. července, který následoval po eskalaci vojenského napětí mezi Spojenými státy a Íránem.

Zvrat v kombinaci také s přílivem do ETF vázaných na Ether, druhou největší kryptoměnu, by mohl signalizovat pozitivní návrat sentimentu na trh, tvrdí Richard Galvin, výkonný předseda kryptoměnové investiční firmy DACM.„Myslím, že je to známka dosažení dna. Vzhledem k jejich velikosti a šíři se ETF staly dobrým ukazatelem obecného sentimentu vůči Bitcoinu a celému sektoru. Takže obrat po osmi týdnech v řadě, nyní potvrzený během dvou týdnů, je pozitivní,“ řekl agentuře Bloomberg.

Zlepšení ukazuje i technický obraz. Bitcoin se vrátil nad svůj 200týdenní klouzavý průměr, který se pohybuje kolem 63 300 dolarů a bývá vnímán jako významná hranice mezi dlouhodobě býčím a medvědím trhem. V posledních týdnech se přitom největší kryptoměna obchodovala převážně v pásmu mezi 60 000 a 65 000 dolary, když investoři vyhodnocovali nejisté makroekonomické prostředí.

Odolnost trhu se projevila i během dnešního obchodování v Asii. Bitcoin krátce vystoupal nad hranici 65 000 dolarů navzdory novým americkým úderům na cíle v Íránu. Geopolitické napětí však podle analytiků současně zvyšuje inflační rizika, přičemž obavy z dalšího vývoje úrokových sazeb mohou podle Damiena Loha, investičního ředitele společnosti Ericsenz Capital, stále brzdit plnohodnotný návrat institucionálních investorů.

Potenciálním impulzem pro další růst by naopak mohlo být schválení dlouho očekávaného zákona Clarity Act, který má upravit strukturu kryptoměnového trhu v USA. Pokud by legislativa prošla Kongresem ještě před srpnovou přestávkou, mohla by podle Loha podpořit další posilování bitcoinu.

Od začátku června bitcoin ztratil přibližně deset procent hodnoty. K tlaku na cenu přispěla také společnost Strategy, jež oznámila prodej části svých bitcoinových rezerv. Firma vedená Michaelem Saylorem byla dlouhodobě známá strategií nepřetržité akumulace kryptoměny a opakovaně deklarovala, že bitcoin prodávat nehodlá.

S poklesem ceny bitcoinu přibližně na polovinu říjnového maxima okolo 126 000 dolarů však začalo být pro společnost složitější plnit některé finanční závazky. Saylor v posledních týdnech připustil větší flexibilitu při nakládání s drženými tokeny a Strategy následně oznámila další prodej bitcoinů v hodnotě 216 milionů dolarů. Přitom předchozí zveřejněná transakce představovala činila pouze 2,5 milionu dolarů.

Upozornění pro investory:
Investování do virtuálních aktiv (např. Bitcoin) či investičních nástrojů navázaných na virtuální aktiva je spojeno s řadou rizik, na která upozorňuje např. EBA (European Banking Authority) v článku „Crypto-assets: ESAs remind consumers about risks“ ze dne 17.3.2021. Tato upozornění naleznete ZDE. Patria Finance a.s. obecně nedoporučuje investovat do nástrojů navázaných na virtuální aktiva z důvodu rizik, která jsou s nimi spojena.

Commerzbank’s Thu Lan Nguyen expects EUR/USD to see limited drivers from United States (US) data or Federal Reserve (Fed) communication this week, putting focus on the European Central Bank (ECB). With markets already pricing a September hike, she argues that how hawkish the ECB sounds on inflation and future tightening will be key for Euro performance and downside risks in EUR/USD.

ECB communication to shape Euro risks"This week promises to be a quiet one for the EUR-USD exchange rate. As we have discussed here many times before, US monetary policy is currently the key driver of the currency pair. However, on the one hand, Federal Reserve officials do not comment publicly on the monetary policy outlook in the week before the Fed meeting."

"This is particularly the case if there is still no sign of the Strait of Hormuz being reopened and a further increase in energy prices is therefore looming. One thing should be clear: as long as the conflict continues, the data from recent months carry less weight."

"However, for the euro exchange rate over the coming weeks, it could indeed be crucial how hawkish the ECB presents itself. The more strongly it already now warns of inflation risks in light of a renewed escalation in the Middle East conflict, the more confident the market is likely to be not only about a rate move in September, but there is a high likelihood that it will tend to price in additional rate hikes."

"For the market, it is therefore crucial how clearly the ECB underscores that it is prepared to raise its key rate beyond September. This is likely to be decisive in limiting the downside potential in EUR-USD in the event of a further escalation in the US-Iran conflict."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

20.7.2026 10:07

Tento týden bude zveřejněn nižší počet makroekonomických dat. Pozornost trhu se zaměří zejména na čtvrteční rozhodnutí ECB o sazbách, kde se očekává, že centrální banka téměř jistě ponechá úrokové sazby bez změny. Kromě toho budou publikovány také například každotýdenní nové a pokračující žádosti o podporu v nezaměstnanosti či indexy nákupních manažerů napříč jednotlivými regiony.

Rozhodnutí ECB o sazbách v eurozóně ECB na svém zasedání ve dnech 22. a 23. července téměř jistě ponechá úrokové sazby bez změny. Červnové zpomalení inflace v eurozóně podle agentury Bloomberg totiž odstranilo jakoukoli potřebu okamžitého zásahu. Slabší trh práce i celkový útlum ekonomiky by měly brzdit druhotné dopady inflace a mírnit tak tlaky způsobené drahými energiemi.

Rostoucí ceny komodit však ECB pravděpodobně přimějí k dalšímu zvýšení sazeb v září, kdy proběhne poslední zvýšení v tomto cyklu zpřísňování. Ceny ropy se drží jen mírně pod úrovní z minulého zasedání ECB, zatímco zemní plyn podražil.

Rozhodnutí ECB o sazbách v eurozóně – 23. 7. Makroekonomický ukazatel Odhad* Předchozí Depozitní sazba ECB 2,25 % 2,25 % Refinanční sazba ECB 2,40 % 2,40 % Zápůjční sazba ECB 2,65 % 2,65 % PPI v Německu Dnes již byla zveřejněna data o cenách výrobců v Německu. Index výrobních cen v červnu meziročně vzrostl o 1,8 %, což bylo v souladu s očekáváním.

Nové a pokračující žádosti o podporu v nezaměstnanosti v USA Nové žádosti o podporu v nezaměstnanosti v USA podle Bloombergu pravděpodobně zůstaly blízko úrovně z předchozího týdne, což zdůrazňuje, že propouštění zůstává omezené.

Nové a pokračující žádosti o podporu v nezaměstnanosti v USA – 23. 7. Makroekonomický ukazatel Odhad* Předchozí Nové žádosti o podporu v nezaměstnanosti 211 tis. 208 tis. Pokračující žádosti o podporu v nezaměstnanosti 1810 tis. 1805 tis. Indexy nákupních manažerů PMI napříč regiony Indexy nákupních manažerů napríč regiony – 24. 7. Region Datum Makroekonomický ukazatel Sledované období Odhad* Předchozí GE 24. 7. Index nákupních manažerů PMI ve službách (S&P Global) červenec - předběžný 49 b. 48,6 b. GE 24. 7. Index nákupních manažerů PMI - kompozitní (S&P Global) červenec - předběžný 49,7 b. 49,5 b. EC 24. 7. Index nákupních manažerů PMI ve výrobě (S&P Global) červenec - předběžný 51,5 b. 51,4 b. EC 24. 7. Index nákupních manažerů PMI ve službách (S&P Global) červenec - předběžný 49,8 b. 49,4 b. EC 24. 7. Index nákupních manažerů PMI - kompozitní (S&P Global) červenec - předběžný 50,2 b. 50 b. US 24. 7. Index nákupních manažerů PMI ve výrobě (S&P Global) červenec - předběžný 54,5 b. 53,9 b. US 24. 7. Index nákupních manažerů PMI ve službách (S&P Global) červenec - předběžný 51,5 b. 51,2 b. US 24. 7. Index nákupních manažerů PMI - kompozitní (S&P Global) červenec - předběžný 52,1 b. 51,9 b. Další významné makroekonomické ukazatele pro tento týden Další významné makroekonomické ukazatele pro tento týden Region Datum Makroekonomický ukazatel Odhad* Předchozí EC 20. 7. Stavební výroba (m-m) -- 0,6 % EC 20. 7. Stavební výroba (y-y) -- 0,9 % US 21. 7. Index předstihových ukazatelů -0,1 % 0,1 % GE 21. 7. Průzkum ZEW - index očekávání 15,3 b. 10,5 b. GE 21. 7. Průzkum ZEW - index současných podmínek -77,7 b. -81 b. EC 21. 7. Průzkum ZEW - index očekávání -- b. 9,5 b. US 22. 7. Index žádostí o hypotéky MBA -- -2,7 % US 22. 7. Změna zásob surové ropy podle EIA -- -1692 tis. EC 23. 7. Registrace nových aut (EU27) -- 3,2 % US 23. 7. Index aktivity Chicago Fed -- b. -0,1 b. EC 23. 7. Spotřebitelská důvěra -17 b. -17,7 b. US 24. 7. Index výrobní aktivity kansaského Fedu 13 b. 11 b. GE 24. 7. Spotřebitelská důvěra GfK -28,5 b. -29,2 b. CZ 24. 7. Index spotřebitelské důvěry 107 b. 106,5 b. CZ 24. 7. Spotřebitelská a podnikatelská důvěra 101,5 b. 101 b. CZ 24. 7. Podnikatelská důvěra 99,8 b. 99,8 b. US 24. 7. Prodeje nových domů 606 tis. 580 tis. US 24. 7. Prodeje nových domů (m-m) 4,6 % -7,3 % *Odhady analytiků se v průběhu týdne ještě mohou měnit. 

Zdroj: Bloomberg

Michal Šnobl
Fio banka, a.s.
Prohlášení

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Allbridge, the company behind cross-chain stablecoin bridge Allbridge Core, said it has paused the protocol as a precaution after a “security incident” that reportedly saw $1.65 million drained on Sunday.

The incident affected Allbridge Core’s Solana deployment, with the attacker having already bridged the stolen funds from Solana to Ethereum before moving them into privacy pools. 

“Allbridge Core is experiencing a security incident,” it said in a post on X on Sunday. “We have paused the protocol as a precaution while we investigate. If you have liquidity in affected pools, please withdraw now.” 

The Allbridge Core exploit is at least the sixth attack targeting a cross-chain bridge since May. Bridges are attractive targets for attackers because they often hold large pools of funds that back bridged assets on the destination blockchain. 

Source: Lookonchain

Onchain Lens reported the attacker made a $1.12 million USDC (USDC) flash loan from Kamino, before rapid USDC/USDT swaps that distorted the Allbridge Core stablecoin pool’s exchange rate. 

The attacker then withdrew liquidity at manipulated rates, repaying the $1.12 million USDC loan and keeping the difference. 

“The resulting pool imbalance created a temporary positive arbitrage window. If you took advantage of it, please consider returning funds… this will go directly toward compensating affected LPs,” it added.

This wasn’t the first time Allbridge Core was hit by a flash loan attack.

In April 2023, Allbridge was exploited for $573,000 through a flash loan attack on Allbridge’s pool on the BNB Chain. The attacker acted as both liquidity provider and swapper, and exploited a flaw in a smart contract that allowed them to manipulate swap prices, which led to $289,900 drained in Binance USD (BUSD) and $290,900 in USDt (USDT).

Warning posted to the Allbridge Core website. Source: Allbridge Core

Cross-chain bridges targeted since May In June, Taiko, an Ethereum layer-2 blockchain, urged its users to withdraw assets from the network’s bridges after attackers exploited one of its bridge protocols and stole $1.7 million. 

Taiko reopened its bridge 11 days later after completing a four-step recovery plan. 

Weeks before the Taiko incident, Secret Network was exploited through an “infinite mint” bug on a vulnerable smart contract, which created unbacked versions of Axelar-wrapped assets, resulting in a $4.67 million exploit.  

Other recent bridge exploits included the Gravity Bridge, Verus Bridge and the Butter Network. 

Magazine: The British Virgin Islands are a top crypto hub no one ever talks about: Here’s why

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Cross-chain bridge Allbridge Core has been exploited for roughly $1.65 million, as flagged by multiple blockchain security firms, and the team has paused the protocol for investigation.

According to blockchain analysis provider Onchain Lens, the exploiter used a $1.12 million flash loan from Solana-based liquidity protocol Kamino to manipulate the stablecoin liquidity pool ratios by rapidly swapping USDC for USDT. The attacker then withdrew funds at favorable rates and routed the stolen assets through privacy protocols to obscure their trail.

Both PeckShield and CertiK reported Sunday that the attacker has bridged the stolen funds from Solana to Ethereum.

In a post on X, Allbridge said that it has paused the protocol and urged users to withdraw liquidity from affected pools. The team also noted that the resulting pool imbalance created a temporary positive arbitrage window.

"The resulting pool imbalance created a temporary positive arbitrage window. If you took advantage of it, please consider returning funds to the address below — this will go directly toward compensating affected LPs," the team said, adding that its goal is to "return all affected funds" to users.

The Block has reached out to Allbridge for further comment.

This is a developing story.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Allbridge Core has paused its cross-chain stablecoin protocol after a security incident on Solana that PeckShield estimated at about $1.65 million. 

Summary

Allbridge paused Core after a Solana exploit drained about $1.65 million, according to PeckShield estimates. The attacker used a $1.12 million USDC flash loan to quickly distort stablecoin pool rates. Allbridge urged liquidity providers to withdraw while investigators traced funds moved from Solana to Ethereum. The protocol told users with funds in affected liquidity pools to withdraw while its team investigates. PeckShield also said the attacker moved the stolen assets from Solana to Ethereum.

The incident appears to involve manipulation of Allbridge Core’s USDC/USDT liquidity pool. Onchain Lens said the attacker used a $1.12 million USDC flash loan from Kamino, changed the pool balance through rapid swaps and withdrew liquidity at distorted rates. The exact loss figure remains under review, with Onchain Lens describing more than $1.1 million extracted and PeckShield estimating the broader exploit at about $1.65 million.

Allbridge pauses Core and warns liquidity providers “Allbridge Core is experiencing a security incident,” the team said in its public notice. It added that the protocol had been paused as a precaution while the investigation continued. The project also issued a direct warning: “If you have liquidity in affected pools, please withdraw now.”

Allbridge Core is experiencing a security incident.
We have paused the protocol as a precaution while we investigate.

If you have liquidity in affected pools, please withdraw now.

The resulting pool imbalance created a temporary positive arbitrage window. If you took advantage… pic.twitter.com/Ovg7yT35SM

— Allbridge (@Allbridge_io) July 19, 2026 Allbridge said the attack left some pools temporarily out of balance. That imbalance created an arbitrage window that allowed some traders to profit from unusual pricing. The team asked anyone who benefited to consider returning funds to a recovery address. It said returned assets would go toward compensating affected liquidity providers. At the time of writing, the notice did not give a reopening date or publish a technical report.

In addition, according to Onchain Lens, the attacker borrowed $1.12 million in USDC through a flash loan from Kamino. The attacker then carried out rapid USDC and USDT swaps that changed the ratio inside the Allbridge stablecoin pool. After the pool price moved, the attacker withdrew liquidity using the distorted rate and repaid the flash loan within the same transaction.

Flash loans allow users to borrow and repay funds in one blockchain transaction without posting normal collateral. In this case, the loan itself was not described as the vulnerability. Instead, the borrowed liquidity allegedly gave the attacker enough capital to move the pool ratio and extract value before the transaction ended. PeckShield later said the stolen funds were bridged from Solana to Ethereum.

Allbridge faces another bridge security incident The latest Allbridge Core exploit follows an earlier attack against the project. As crypto.news previously reported, Allbridge suffered a separate exploit in April 2023 after an attacker manipulated the swap price of a BNB Chain pool. The loss was estimated at about $573,000, and the project later recovered roughly $465,000 after offering the attacker a white-hat reward.

The new incident also comes during another active period for cross-chain security breaches. In May,the Verus-Ethereum bridge lost more than $11.5 million in an attack linked by researchers to missing validation checks. A separate crypto.news report said Transit Finance lost about $1.88 million in another cross-chain protocol exploit. Allbridge has not said whether the Solana incident shares technical similarities with those attacks.

20.7.2026 09:55

Index DAX přidává 0,1 % na 24 854,76 b.

Index DAX +0,1 % na 24854,76 b. Nejsilnější akcie Změna Nejslabší akcie Změna Siemens Energy (ENR) +2,9 % Beiersdorf AG (BEI) -1,1 % RWE (RWE) +2,0 % Continental (CON) -1,1 % Fresenius (FRE) +1,9 % Brenntag (BNR) -1,0 % Scout24 SE (G24) +1,2 % Symrise (SY1) -1,0 % SAP (SAP) +0,9 % Mercedes-Benz Group AG (MBG) -1,0 % Zdroj: Bloomberg

Michal Bárta
Fio banka, a.s.
Prohlášení

, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against AeroVironment, Inc. ("AeroVironment" or "the Company") (NASDAQ: AVAV) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of AVAV during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: June 25, 2025 to March 10, 2026

DEADLINE: July 27, 2026

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. AeroVironment misled investors over the level of competition it faced for contracts with the U.S. Space Force's Satellite Communication Augmentation Resource ("SCAR") program. Based on these facts, AeroVironment's public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]

SOURCE DJS Law Group LLP

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Calix, Inc. ("Calix" or "the Company") (NYSE: CALX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between January 28, 2026 and April 21, 2026, inclusive (the "Class Period"), are encouraged to contact the firm before July 27, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Calix's Q1 margins benefited from the advanced purchasing of memory components. The Company's supply of these memory components was rapidly decreasing due to these advanced orders. The Company's margin faced negative pressure based on the purchase of memory at increasing market prices. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Calix, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.             

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE The Schall Law Firm

, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Badger Meter, Inc. ("Badger" or "the Company") (NYSE: BMI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of BMI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: April 18, 2024 to April 16, 2026

DEADLINE: August 3, 2026

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Badger Meter claimed "secular growth drivers" and "solid operating execution" were fueling its financial performance. Despite its positive comments, the Company's performance was partially based on pulling customer orders forward. Based on these facts, Badger Meter's public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

David J. Schwartz

DJS Law Group

274 White Plains Road, Suite 1

Eastchester, NY 10709

Phone: 914-206-9742

Email: [email protected]

SOURCE DJS Law Group LLP

, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Planet Fitness, Inc. ("Planet Fitness" or "the Company") (NYSE: PLNT) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of PLNT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: November 6, 2025 to May 6, 2026

DEADLINE: September 14, 2026

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Planet Fitness overstated its ability to pick up new members using its existing marketing campaigns. The Company failed to effectively roll out its national Black Card price increase. Based on these facts, Planet Fitness's public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

David J. Schwartz

DJS Law Group

274 White Plains Road, Suite 1

Eastchester, NY 10709

Phone: 914-206-9742

Email: [email protected]

SOURCE DJS Law Group LLP

Irské nízkonákladové letecké společnosti Ryanair klesl v prvním finančním čtvrtletí zisk po zdanění meziročně o 34 procent na 538 milionů eur (zhruba 13 miliard Kč). Firma, která je největším leteckým dopravcem v Evropě, to oznámila v pondělní tiskové zprávě. Na hospodářské výsledky podniku měl negativní dopad konflikt na Blízkém východě, který vedl k růstu cen pohonných hmot a který narušil poptávku po letecké dopravě.

Zisk zaostal za očekáváním analytiků, kteří jej podle průzkumu agentury Bloomberg odhadovali zhruba na 624 milionů eur. Konflikt na Blízkém východě, který koncem února odstartovaly americko-izraelské útoky na Írán, vedl mimo jiné k ochromení lodní dopravy v Hormuzském průlivu. Tím běžně prochází zhruba pětina světových dodávek ropy.

"Konflikt na Blízkém východě znejistil spotřebitele, vyvolal obavy z nedostatku leteckého paliva v EU a ekonomickou nejistotu a způsobil odklad rezervací," uvedl šéf Ryanairu Michael O'Leary.

Tržby společnosti se v prvním finančním čtvrtletí, které skončilo 30. června, meziročně zvýšily o procento na 4,38 miliardy eur. Jejich růst výrazně zaostal za růstem provozních nákladů, které se zvýšily o 11 procent na 3,81 miliardy eur.

Ryanair je první velkou leteckou společností v Evropě, která zveřejnila hospodářské výsledky za období od dubna do června. Investoři si tak nyní mohou učinit lepší představu o dopadech války s Íránem na odvětví letecké dopravy v Evropě.

The Pound to Euro (GBP/EUR) exchange rate climbed to a 13-month high last week as speculation over the UK’s next Chancellor boosted Sterling, although the pairing struggled to hold its strongest levels.

At the time of writing, GBP/EUR was trading at €1.1761, up around 0.2% on the week.

Latest — Exchange Rates:
Pound to Euro (GBP/EUR): 1.176261 (-0.11%)
Pound to Dollar (GBP/USD): 1.345377 (-0.17%)
Euro to Dollar (EUR/USD): 1.143775 (-0.06%)

DAILY RECAP:

The Pound (GBP) traded in a narrow range at the beginning of the week, with the absence of notable UK economic releases leaving Sterling without a clear direction.

Remarks from Bank of England (BoE) Governor Andrew Bailey added further pressure after he highlighted the UK's persistent weak growth, dampening confidence in the currency.

Sterling then climbed sharply in the middle of the week as attention turned to the race for Chancellor under incoming Prime Minister Andy Burnham.

Markets reacted positively after Shabana Mahmood replaced Ed Miliband as the leading candidate, with Mahmood viewed as the more fiscally prudent option.

Even so, the Pound was unable to hold on to those gains despite figures showing the UK economy returned to growth with a 0.1% expansion in May.

With GBP/EUR hitting a 13-month high, traders chose to lock in profits, causing the Pound to retreat.

Meanwhile, the Euro (EUR) drew some support on Monday amid bets on further interest rate hikes from the European Central Bank (ECB) following the latest rise in energy prices.

EUR remained supported on Tuesday, thanks to its strong inverse trading relationship with the US Dollar (USD), as the latter currency faced pressure.

An unexpected contraction in Eurozone industrial production, published on Wednesday, left the Euro exposed to losses against the Pound.

However, the single currency was able to recoup a large portion of these losses through the latter part of the week, mostly due to a sharp retreat in Sterling.

Near-Term GBP/EUR Forecast: High-Impact Events to Drive Volatility? Looking forward, the initial focus for GBP investors is the UK’s latest employment figures due on Tuesday.

If the report suggests the labour market remains resilient, with unemployment holding steady and wage growth remaining firm, the Pound could strengthen.

Wednesday's UK consumer price index may then weigh on Sterling if it indicates that headline inflation cooled in June.

The week concludes with June's retail sales figures and the preliminary July PMIs on Friday. Weaker consumer spending alongside a further contraction in the services sector could leave the Pound under pressure heading into the weekend.

As for the Euro, Germany’s ZEW economic sentiment index for July could support EUR on Tuesday, if it shows an improvement this month as expected.

The European Central Bank’s latest interest rate decision on Thursday could drive volatility, with the single currency potentially firming if the bank indicates that further rate hikes are likely.

Finally, the Euro could soften on Friday if the Eurozone’s latest PMIs report weak activity in July.

, /PRNewswire/ -- Akeso, Inc. (9926.HK) ("Akeso" or the "Company") today announced that the first patient has been dosed in a Phase II clinical study (AK146D1-201) evaluating its internally developed TROP2/Nectin-4 bispecific antibody-drug conjugate (ADC), AK146D1, in combination with ivonescimab (the Company's PD-1/VEGF bispecific antibody) in patients with advanced non-small cell lung cancer (NSCLC). The study will explore the therapeutic potential of this combination, with a particular emphasis on the first-line treatment setting.

The advancement of ADC 2.0 candidates AK146D1 and AK138D1 into Phase II trials marks a critical milestone for Akeso's "IO2.0 + ADC2.0" strategy. Built upon our proprietary bispecific and multispecific antibody technology alongside our innovative IO2.0 portfolio, this progress underscores our commitment to elevating the standard of care for major global diseases like lung cancer. Furthermore, it reinforces our cancer therapy matrix, positioning Akeso with distinct, cross-generational competitive advantages in the global market.

In the immuno-oncology (IO) arena, Akeso stands as the only company globally with two approved bispecific antibodies for cancer immunotherapy. The Company is actively evaluating ivonescimab and cadonilimab in combination with its pipeline of proprietary next-generation ADC2.0 agents. Increasingly, global partners recognize both ivonescimab and cadonilimab as preferred agents for combination regimens and breakthrough therapy explorations across a wide spectrum of tumor types.

Within the ADC landscape, Akeso has established a pipeline of breakthrough next-generation candidates, with AK146D1, AK138D1, AK157D1, and AK158D1 (a bispecific ADC) already in clinical development. These novel agents are designed to overcome the narrow therapeutic window and safety limitations frequently observed in conventional ADCs, effectively ushering ADC therapy into a new 2.0 era.

Ivonescimab, a first-in-class PD-1/VEGF bispecific antibody, has demonstrated clinically transformative benefits compared to PD-1 inhibitor-based therapies across multiple Phase III studies, supported by a robust body of clinical evidence. AK146D1 is an ADC2.0 agent that exhibits potent antitumor activity and a favorable safety profile. The combination of AK146D1 and ivonescimab holds the potential to significantly enhance clinical efficacy, reduce treatment-related toxicity, and broaden the range of eligible patients. By addressing the multifaceted clinical limitations of conventional immunotherapy and current ADC therapies, this regimen aims to emerge as a next-generation solution that offers superior efficacy and safety for patients with cancer.

About Akeso

Akeso (HKEX: 9926.HK) is a leading biopharmaceutical company committed to the research, development, manufacturing and commercialization of the world's first or best-in-class innovative biological medicines. Founded in 2012, Akeso has built a comprehensive R&D innovation ecosystem anchored by its proprietary Tetrabody antibody technology platform, AI-powered drug R&D platform, Dual-Shield ADC technology platform, Dual-Lock T-cell engager (TCE) technology platform, Tissue-Smart siRNA/mRNA technology platform, and cell therapy technology platforms.

Backed by world-class GMP manufacturing facilities and a highly efficient, integrated commercialization system, Akeso has developed into a globally competitive biopharmaceutical enterprise. Leveraging its fully integrated, multi-functional platform, the company maintains a robust pipeline of more than 50 innovative assets targeting cancer, autoimmune diseases, inflammation, metabolic disorders, and other major therapeutic areas. Of these, 27 candidates have advanced into clinical trials—including 15 bispecific or multispecific antibodies and bispecific ADCs—and 8 innovative drugs have reached commercial stage.

Through efficient and groundbreaking R&D, Akeso integrates premier global resources to develop transformative medicines, deliver high-quality, affordable therapeutic antibodies to patients worldwide, and generate sustained commercial and societal value as it strives to become a global leader in biopharmaceutical innovation.

Forward-Looking Statements

This announcement by Akeso, Inc. (9926.HK, "Akeso") contains "forward-looking statements". These statements reflect the current beliefs and expectations of Akeso's management and are subject to significant risks and uncertainties. These statements are not intended to form the basis of any investment decision or any decision to purchase securities of Akeso. There can be no assurance that the drug candidate(s) indicated in this announcement or Akeso's other pipeline candidates will obtain the required regulatory approvals or achieve commercial success. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.

Risks and uncertainties include but are not limited to, general industry conditions and competition; general economic factors, including interest rate and currency exchange rate fluctuations; the impact of pharmaceutical industry regulation and health care legislation in P.R.China, the United States and internationally; global trends toward health care cost containment; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; Akeso's ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of international economies and sovereign risk; dependence on the effectiveness of the Akeso's patents and other protections for innovative products; and the exposure to litigation, including patent litigation, and/or regulatory actions.

Akeso does not undertake any obligation to publicly revise these forward-looking statements to reflect events or circumstances after the date hereof, except as required by law.

SOURCE Akeso, Inc.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

20.7.2026 08:48

Západoevropské burzy zahájí nový týden mírným poklesem v důsledku přetrvávajícího napětí na Blízkém východě

Zámořské akciové trhy zakončily minulý týden v záporném teritoriu, přičemž největší ztráty zaznamenal technologický index Nasdaq. Investory znervóznila eskalace konfliktu na Blízkém východě, která vedla k růstu cen energetických komodit. Cena ropy se aktuálně pohybuje na nejvyšších úrovních za poslední měsíc a jediným ziskovým sektorem v rámci indexu S&P 500 tak byly energetické společnosti. V úvodu nového týdne se asijské akciové trhy vyvíjejí smíšeně. Výrazně oslabují například jihokorejské akcie, které jsou pod tlakem kvůli obavám z vysokých valuací společností spojených s umělou inteligencí. Naopak čínské akcie posilují díky optimismu ohledně rozvoje domácích technologií v oblasti umělé inteligence. Futures na americké akciové indexy se po pátečních výprodejích stabilizovaly a pohybují se pouze nepatrně v záporném teritoriu. Západoevropské burzy by podle indikací futures měly zahájit nový týden poklesem, ten by však neměl přesáhnout 0,5 %. Pražská burza by mohla otevřít bez výraznějších změn poblíž pátečních závěrečných hodnot.

Josef Dudek, makléř, Fio banka, a.s.

Google is escalating its campaign to break Nvidia Corp's (NASDAQ:NVDA, XETRA:NVD) grip on artificial intelligence chips, deploying creative dealmaking to push its Tensor Processing Units (TPUs) into the wider market.

The strategy, detailed in exclusive reporting by The Information's Amir Efrati, targets the "neo-clouds": specialised GPU cloud providers, many of which began life as cryptocurrency miners.

Hundreds of these firms exist, but only about half a dozen matter, and Alphabet Inc (NASDAQ:GOOG)-owned Google has been in talks with them about adding TPUs to their offerings.

The pitch is diversification, freeing these providers from total dependence on Nvidia, alongside a technical argument that TPU designs have remained stable while Nvidia's architecture changes radically with each generation.

Those frequent shifts create genuine installation headaches for the data centre operators tasked with deploying them.

Financial firepower

The competition is increasingly being fought with balance sheets rather than benchmarks.

Nvidia has long used its financial muscle to support its largest customers, and Google is now considering matching that approach by offering backstop deals to lenders.

Under these arrangements, Google would guarantee payments if businesses that borrow to buy TPUs cannot find renters or buyers for the chips.

Google holds a structural advantage here: unused TPUs can simply be absorbed into its own cloud operations, whereas Nvidia lacks a cloud business of comparable scale to soak up stranded hardware.

A joint venture with Blackstone to build a TPU-based cloud provider extends the same logic.

The friction is already visible, with reports suggesting Nvidia became aware of Google's discussions with neo-cloud provider Nscale and may have offered additional incentives to discourage TPU adoption, though Nscale has said on the record that this is not its position.

Jensen Huang is said to monitor Google's chip programme closely and regards the company as a significant competitive threat.

An awkward embrace

The rivalry is complicated by mutual dependence.

Google remains one of Nvidia's largest customers, buying GPUs at scale for a cloud business that serves external clients, and it currently needs Nvidia's supply as much as Nvidia needs its custom.

Meanwhile, the external TPU business is gaining real traction, with Anthropic, Apple and Meta among the clients, and Meta emerging as a significant customer.

The next constraint is manufacturing, since TSMC is the bottleneck through which all chip ambitions must pass, and Google secures its capacity via Broadcom as intermediary.

Allocations for 2027 production are being determined now, and the capacity Google wins will indicate how seriously TSMC takes the TPU business against competing demands from Nvidia and others.

The stakes extend beyond chips: with gigawatt data centres costing $50 billion to $60 billion and rising, the companies able to guarantee that spending will shape the infrastructure of the entire AI economy.