Track market-moving stories before they get noisy

17.7.2026 13:36

EUR/USD 1,1432 (euro oslabuje o 0,08 %)
USD/CZK 21,16 (dolar posiluje o 0,04 %)
EUR/CZK 24,2 (euro oslabuje o 0,04 %)
GBP/CZK 28,42 (libra oslabuje o 0,25 %)
CHF/CZK 26,22 (frank posiluje o 0,28 %)
PLN/CZK 5,5656 (zlotý oslabuje o 0,36 %)

Zdroj: Reuters

Michal Šnobl
Fio banka, a.s.
Prohlášení

When Space Exploration Technologies (SPCX 3.07%) debuted last month, it became the largest initial public offering (IPO) ever. However, after a blistering start, the stock has fallen back down to earth and now trades around its IPO price.

Let's look at three reasons I think the company (commonly called SpaceX) could lose half its value over the next year.

Images source: The White House.

1. An extreme valuation It's not uncommon for IPOs to debut at frothy valuations, but SpaceX takes this to a whole other galaxy. The company has a nearly $2 trillion market cap, making it one of the 10 largest companies in the world. However, its revenue increased by only 33% to $18.7 billion last year while the company recorded an operating loss.

The company is expected to see a meaningful acceleration in revenue this year, with Morgan Stanley projecting sales will climb to nearly $45 billion. Nonetheless, that still values SpaceX at a forward price-to-sales (P/S) multiple of 40 times for what is ultimately a business with high capital expenditures that is likely to burn cash for about the next decade. In fact, Morgan Stanley does not project that it will become free cash flow positive until 2035. 

As such, not only does the stock carry an extreme valuation, but it will also need to take on debt or issue equity on top of that.

Today's Change

(

-3.07

%) $

-4.15

Current Price

$

131.12

2. Unrealistic goals and timelines With not much to justify its current valuation in the form of revenue or profits, CEO Elon Musk instead has made a bevy of promises and predictions to get investors excited. Eventually, these will have to be realized, or investors may lose faith. However, Musk has a poor track record in this area, with The New York Times recently reporting that fewer than 20% of his past predictions were delivered on schedule.

Among Musk's recent promises for SpaceX have been a data center in space by next year, the company generating $1 trillion in revenue by 2030, and launching five uncrewed ships to Mars later this year with a fleet of Tesla Optimus robots. All are unlikely to happen.

The Mars Mission and orbital AI data centers both have big technical hurdles that still need to be overcome. For the Mars Mission, the biggest obstacle is refueling, as its largest rocket, Starship, uses up most of its fuel to reach low Earth orbit. Musk has a history of making promises about landing on Mars, but has consistently missed deadlines.

Meanwhile, putting a data center in space would require the company to solve the issue of chips being affected by cosmic radiation and to devise a way to cool a system in the vacuum of space. Coming up with solutions for those obstacles will take time and won't happen in the next year. Meanwhile, $1 trillion in revenue by 2030 is an outlandish number that would need everything to go the company's way.

Missing out on Musk's predictions could eventually weigh on the stock.

3. Lockup expirations Perhaps the biggest catalyst for SpaceX shares to plummet over the next year is that many more of them will hit the open market. At its IPO, fewer than 5% of its shares were available to be traded, but the number to hit the open market will expand exponentially over the next year as the company faces 15 lockup expirations over this period.

The first lockup expiration will come later this month or in early August after the company's first earnings release, when insiders will be permitted to sell 911.5 million shares. That's more than the 555.6 million shares the company initially offered in its IPO.

With a flood of new shares hitting the market over the next year, the likelihood of SpaceX missing deadlines, and an extreme valuation, the stock could easily see its price cut in half over the next year -- and it would still arguably be expensive.

U.S. Small Business Administrator Kelly Loeffler speaks during a Small Business Summit in the East Room at the White House in Washington, D.C., U.S., May 4, 2026. REUTERS/Kylie Cooper Purchase Licensing Rights, opens new tab

SummaryCompaniesLoeffler disclosed two separate SpaceX and xAI investments of $1 million to $5 million eachHer second investment was worth $2.2 million to $25.4 million at the IPO, PitchBook saysAt least 10 Trump administration officials reported SpaceX or xAI holdings on 2025 disclosure formsWASHINGTON, July 17 (Reuters) - U.S. Small Business ​Administration head Kelly Loeffler multiplied the value of her investment in Elon Musk's SpaceX after she was nominated for the ‌job, earning millions of dollars from the company's record initial public offering, a Reuters review of her financial disclosures showed.

Loeffler invested between $1 million and $5 million as of January 3, 2025, in xAI, Musk’s AI and social media firm that has since merged with SpaceX (SPCX.O), opens new tab, according to a required financial disclosure submitted before she became SBA’s administrator.

The Reuters Inside Track newsletter is your essential guide during the World Cup. Sign up here.

Later ​in 2025, Loeffler invested again in SpaceX and xAI between $1 million and $5 million, according to a separate financial disclosure covering her ​investments for all of 2025 that she signed on May 14, 2026. Reuters obtained the form from the ⁠SBA on June 12.

Loeffler's second investment has not been previously reported. Two independent government ethics attorneys agreed with Reuters' assessment of Loeffler’s disclosure.

Cabinet ​members use ranges to declare the value of their assets on their required financial disclosure forms, and they do not disclose the dates of ​their investments before taking office.

SpaceX is a military contractor for the U.S. government. Federal law, opens new tab prohibits cabinet members from participating in decisions involving a company in which they have a financial interest. Public records do not show a financial relationship between SBA and xAI or SpaceX. xAI was not included on the public list of AI tools, opens new tab ​used by SBA employees in 2025.

Loeffler and her team did not respond to multiple requests for comment about her SpaceX investment.

VALUE OF SPACEX INVESTMENT ​SOARSLoeffler’s bet on SpaceX paid off. The company priced the biggest-ever U.S. IPO on June 12, valuing the space, satellite and AI provider at $1.77 trillion.

Her first investment ‌in xAI ⁠would have been worth between $7 million and $2.6 billion on the day of the IPO, depending on the exact amount she invested and the date she made it, said Franco Granda, analyst at data provider PitchBook. The second investment would have been worth between $2.2 million and $25.4 million that day, he said.

The earlier the investment, the more it would have been worth at the IPO, he said. xAI's valuation increased by more than 7,000% ​between its first investment round and ​January 5, 2025. SpaceX's valuation ⁠more than doubled in 2025.

At least 10 Trump administration officials listed investments in SpaceX or xAI on their 2025 financial disclosure forms. None of those officials works for the Defense Department.

Billionaire Musk, a former Trump adviser, ​is the founder and CEO of SpaceX.

Loeffler initially invested in xAI via a private placement, according to ​her disclosure form. ⁠Private placements are typically open to select individuals and institutions with significant financial resources.

Loeffler is a wealthy businesswoman. She was the founding chief executive at Bakkt, a bitcoin trading platform, and spent 16 years working at Intercontinental Exchange, the firm that owns the New York Stock Exchange, according to her ⁠LinkedIn profile. ​She is married to Intercontinental Exchange CEO Jeffrey Sprecher. Loeffler briefly represented Georgia in ​the Senate.

The SBA helps entrepreneurs start and build their small businesses, according to the agency website. It connects business owners with lenders and funding to help them recover from natural ​disasters, among other responsibilities. The Senate confirmed Loeffler as SBA administrator on February 19, 2025.

Reporting by Courtney Rozen Editing by Chris Sanders and Rod Nickel

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Courtney Rozen reports on the world's largest technology companies from Washington, D.C., focusing on the relationship between the tech industry and the U.S. government. She reported on DOGE and the federal workforce during the first year of U.S. President Donald Trump’s second term. Prior to joining Reuters, she was a White House correspondent at Bloomberg Government. She graduated from American University with a master's degree in journalism. Contact: [email protected]

SpaceX's stock fell further on Friday, a day after it aborted a test flight for its Starship rocket at the last second, and amid choppy post-IPO trading.

The aerospace giant was expected to launch its Starship mega rocket within a 90-minute window at 5:45 p.m. in Texas on Thursday, but an engine ignition failure forced SpaceX to scrub the launch.

"Some of the engines didn't start, triggering an automatic launch abort," billionaire founder Elon Musk said in a post on X. "Now offloading propellant. Next launch attempt hopefully in a few days."

SpaceX was last seen down 3.5% in premarket trading, after falling more than 3% in after hours trading.

Musk later added in a post that 2 Raptors will be removed and replaced, and that a launch is planned again for early next week.

Investors are watching the company's rocket tests more closely after it raised a record $85.7 billion in the biggest initial public offering ever in June, pricing shares at $135. SpaceX's shares have soared and dipped since its stock market debut.

SpaceX's stock since it went public in June.

This was SpaceX's first test flight of Starship V3 since its blockbuster IPO. A previous attempt in May failed after sending the Starship upper stage toward the Indian Ocean. The Super Heavy booster failed to make a controlled landing in the Gulf of Mexico after five of its 33 Raptor engines failed to reignite.

The U.S. Federal Aviation Administration ordered an investigation into the mishap and on Monday cleared the company so it could continue its test trials.

SummaryCompaniesDraft bill would require platforms to pay for news link previews and AI training useOnly AI-assisted works with meaningful human creative input would qualify for copyright protectionNon-compliant platforms could face sanctions including removal of their Indonesian operating licenceGoogle warns disclosure rules are too broadJAKARTA, July 17 (Reuters) - Indonesia is preparing sweeping changes to its copyright law, ​including granting copyright privileges to people who use artificial intelligence to help them generate content, a draft bill reviewed by Reuters showed, setting up a ‌potential showdown between the government and major tech platforms.

If passed, Indonesia could become the first country in Southeast Asia to incorporate AI in its copyright law, as governments globally grapple with the impact of the technology on copyright rules, including the use of work created by humans to train AI models.

Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here.

It was not immediately clear when the bill, which was an initiative of parliament and given to the ​government for its input, would be passed into law.

Hermansyah Siregar, an Indonesian law ministry official overseeing intellectual property, confirmed the authenticity of the draft bill ​and told Reuters it would mark the first explicit recognition of AI in Indonesia's copyright law.

"The development of generative AI has disrupted ⁠the copyright framework," Siregar said. "If unregulated, it could kill human creation."

FAIR-USE PROVISIONSThe previously unreported AI-specific clauses of the bill include banning the use of AI to imitate a ​creator's "distinctive style" and mandating disclosure on AI use in content.

The bill also requires tech platforms to pay compensation for aggregating, republishing or link-previewing news content, as well as using it for ​AI training. The compensation would go to state-supervised collective management organisations, which would distribute the funds to news publishers.

The rules would apply to a variety of content including video games, photography, computer programs, journalism and films.

AI-assisted works would qualify for copyright protection only if they met human involvement criteria, while fully AI-generated works would be excluded. The draft did not say how much human involvement was needed to qualify for ​protection.

The use of copyrighted works to train AI models would also be subject to fair-use provisions or licensing agreements, the draft said.

Ari Juliano Gema, an IP and ​entertainment lawyer, said Indonesia's bill might trigger concern among tech companies as it appeared to conflate commercial use of AI with its use for research.

Tech giants such as Google (GOOGL.O), opens new tab, which issued a statement ‌last month ⁠criticising the copyright overhaul, could face sanctions if they do not comply with the bill's provisions, including having their local business permits revoked.

"Rigid, overbroad mandates, however, would harm local creators, slow innovation, and leave Indonesia as an international outlier, ultimately discouraging the investment needed to drive its digital future," Google said in its statement, adding it would engage with the government on the bill.

Meta (META.O), opens new tab and TikTok did not immediately respond to requests for comment on the proposals. Meta's Instagram and Facebook platforms are popular among Indonesians.

Siregar said AI regulation was ​a global issue, citing an ongoing court case led ​by the New York Times, one of ⁠many brought by copyright owners against tech companies for alleged misuse of their material to train AI systems.

The draft was not final and the government was seeking further input, Siregar added.

INDONESIA'S AI PUSHIndonesia's proposals come as Southeast Asia's largest economy pushes for the wider adoption ​of AI and as the government moves to embed AI in key programmes.

On Thursday, Indonesia was among 29 countries that signed an ​agreement in Shanghai to establish an ⁠intergovernmental body China says will promote cooperation and global governance of AI.

China's President Xi Jinping on Friday outlined a vision for a new global AI order in which China would share its open-source AI technology and expertise with countries across the developing world.

Xi also called for AI systems to remain under human control and urged countries to establish early-warning and emergency-response mechanisms to ⁠manage AI ​risks, stressing the importance of human oversight and control.

Indonesia's AI disclosure requirements mirror transparency rules emerging elsewhere.

The European ​Union AI Act requires companies to clearly label where AI has been used to generate or modify images, video or audio content "constituting a deepfake", though it carves out exemptions for certain artistic or satirical works.

AI is ​not explicitly mentioned in U.S. or Singapore copyright statutes, but their copyright offices have said copyright protection requires human contribution.

Reporting by Stanley Widianto; Editing by Gibran Peshimam and Kate Mayberry

Our Standards: The Thomson Reuters Trust Principles., opens new tab

NEW YORK, July 17, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Microsoft Corporation (NASDAQ:MSFT) and certain of the Company’s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.

If you invested in Microsoft, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/microsoft-class-action-lawsuit.

Key Details of the Microsoft ($MSFT) Class Action:

Lead Plaintiff Deadline: August 11, 2026Alleged Misconduct: Securities fraud alleging that Microsoft misled investors regarding its Azure cloud computing platform and AI chatbot CopilotStock Drop: January 28, 2026 – 10% Stock DropCourt: U.S. District Court for the Western District of WashingtonAction: Contact BFA Law to discuss your rights Investors have until August 11, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Microsoft common stock. The class action is pending in the U.S. District Court for the Western District of Washington. It is captioned City of St. Clair Shores Police and Fire Retirement System, et al., No. 26-cv-02071.

Why is Microsoft Being Sued for Securities Fraud?

Microsoft is a multinational technology company that develops software, cloud services, and devices. In recent years, Microsoft’s cloud computing platform named Azure has been Microsoft’s main growth driver. A key reason for Azure’s recent growth is Microsoft’s multi-billion-dollar investment into AI, including the development of its own generative AI chatbot named Copilot.

According to the complaint, during the relevant period, Microsoft consistently touted Copilot’s best-in-class capabilities, which purportedly drove widespread and growing user adoption. Copilot’s apparent success allowed Microsoft to report surging Azure-related revenue.

As alleged, in truth, Copilot suffered from severe functionality issues that caused user adoption to decline and put Microsoft’s Azure revenue at risk.

Why did Microsoft’s Stock Drop?

On January 28, 2026, Microsoft announced disappointing 2Q 2026 financial results and that Azure growth had slowed suddenly. Microsoft also allegedly revealed for the first time that the number of Microsoft 365 Copilot premium customers totaled only 15 million, materially below analyst estimates.

This news caused the price of Microsoft common stock to decline $48.13 per share, or 10%, from $481.63 per share on January 28, 2026, to $433.50 per share on January 29, 2026.

Additionally, on February 3, 2026, The Wall Street Journal reported in an article titled “Microsoft’s Pivotal AI Product Is Running Into Big Problems” that severe challenges and functionality issues had plagued Copilot, causing the application to lose market share. Specifically, The Wall Street Journal reported that “[c]onfusing brand positioning and interoperability problems have frustrated users.”

Click here for more information: https://www.bfalaw.com/cases/microsoft-class-action-lawsuit.

What Can You Do?

If you invested in Microsoft, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/microsoft-class-action-lawsuit

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/microsoft-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

BrewDog and Tilray are keeping football’s biggest celebration alive by unlocking the £1 million bar tab at participating pubs1 beginning July 20 because great football deserves celebrating, no matter who lifts the trophy

LONDON and ELLON, Scotland, July 17, 2026 (GLOBE NEWSWIRE) -- Leading UK craft beer brand and Scottish brewer BrewDog, owned by Tilray Brands, Inc. (NASDAQ: TLRY; TSX: TLRY), today announced that this celebration is for the fans. BrewDog and Tilray Brands will continue bringing football supporters together with watch parties throughout the tournament and will keep the celebration going after the final whistle by kicking off the £1 million bar tab at participating BrewDog pubs beginning July 20, 2026. Running through September 30, 2026, the bar tab gives fans across England, Scotland and Ireland more reasons to come together, raise a pint and celebrate the game, no matter who lifts the trophy. This promotion is not affiliated with, sponsored by, endorsed by, or in any way officially connected with any international football governing body, team, federation, league or tournament.

Irwin Simon, Chairman and Chief Executive Officer, Tilray Brands, said, “The greatest moments in sport are not defined only by the scoreline or the team that lifts the trophy; they are defined by the people who come together to share them. At Tilray Brands and BrewDog, we believe great brands create experiences that bring fans together, and that is exactly what this celebration is about. Football has an extraordinary way of filling pubs, sparking conversation and turning every match into a shared moment. The £1 million bar tab is our way of keeping that energy alive for fans, giving people more reasons to gather, raise a pint and celebrate the spirit of sport together.”

Watch parties will continue at BrewDog pubs throughout the tournament and the £1 million bar tab celebration will activate across participating venues beginning July 20, 2026, and run through September 30, 2026. The bar tab is to celebrate and bring ALL football fans together at participating Tilray-owned BrewDog pubs in Scotland, England and Ireland, excluding franchised BrewDog bars. Fans should rally their crew and be ready to continue celebrating football together.

Beginning July 20, 2026, fans can redeem two free pints per person from the £1 million bar tab through September 30, 2026, via BrewDog’s Treats loyalty platform. To redeem, fans must be signed up to BrewDog Treats and show their Treats QR code at participating BrewDog pubs; this is separate from the BrewDog Now order-to-table app. Existing Treats customers will automatically receive the offer in their wallets and can redeem by showing their QR code to their server. New customers can sign up at brewdog.com/treats and add their Treats QR code to their Apple or Google Wallet; once enrolled, the two free beers will appear in their wallet beginning July 20 and will be redeemable through September 30, 2026, or until the £1 million bar tab runs out. Redemptions will be available on a first-come, first-served basis while funds and stocks last, subject to participating venue availability and applicable local laws.

From BrewDog pubs across participating markets, the bar tab is built for the kind of match-day energy fans live for - packed pubs, team colours, cold pints, big screens and one massive reason to cheer as BrewDog bars continue building their role as go-to destinations for live sport all summer long.

Beyond football, participating BrewDog bars will continue activating watch parties and big-screen moments around major summer sporting occasions, including auto racing in July and August, major golf tournaments in July, the return of top-flight football in August, and world-class tennis tournaments, with the biggest matches shown across participating venues.

Terms & Conditions
The £1 million bar tab will be honoured beginning July 20, 2026, across participating venues and will run through September 30, 2026, or until the £1 million bar tab runs out, whichever comes first. This promotion is not affiliated with, sponsored by, endorsed by, or in any way officially connected with FIFA or any other international football governing body, team, federation, league or tournament. The bar tab will be activated by BrewDog and redeemable at participating Tilray-owned BrewDog pubs only in Scotland, England and Ireland, excluding franchised BrewDog bars. Fans must be signed up to the BrewDog Treats loyalty platform and show their Treats QR code at participating BrewDog pubs to redeem two free pints per person. Fans can sign up at brewdog.com/treats and add the Treats QR code to their Apple or Google Wallet. Existing BrewDog Treats customers will automatically receive the offer in their wallets; new customers who sign up will see the two free beers appear in their wallet upon enrolment. This redemption process is separate from the BrewDog Now order-to-table app. Redemptions will be available for a standard serve of BrewDog beer on a first-come, first-served basis while funds and stocks last. Offer is subject to availability, applicable local laws and venue participation; no cash alternative; valid government-issued ID may be required; please drink responsibly. Participants must meet the legal drinking age requirements in the country or region where redemption takes place. Participating venues may continue watch parties through the end of the tournament. Additional terms, timing, participating locations and redemption details may apply.

About BrewDog
BrewDog, the #1 craft beer brand in the UK, has always had one mission: making people as passionate about great beer as we are.

From iconic classics like Punk IPA, to crowd-pleasers like Lost Lager and Wingman, to boundary-pushing innovations like NanoDog, BrewDog has been brewing bold, distinctive beers since 2007.

Born in Scotland and built by a passionate community of beer lovers, BrewDog has grown into one of the world’s most recognizable craft beer brands, with a global presence spanning breweries, bars and distribution across multiple international markets. BrewDog’s future will continue to be shaped by the three things that matter most: People, Planet and Beer.

For more information, visit www.brewdog.com or follow @BrewDog on social media.

About Tilray Brands 
Tilray Brands, Inc. (“Tilray”) (Nasdaq: TLRY; TSX: TLRY), is a leading global lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe and Latin America that is leading as a transformative force at the nexus of cannabis, beverage, wellness, and entertainment elevating lives through moments of connection. Tilray’s mission is to be a leading premium lifestyle company with a house of brands and innovative products that inspire joy and create memorable experiences. Tilray’s unprecedented platform supports over 40 brands in over 20 countries, including comprehensive cannabis offerings, hemp-based foods and craft beverages.

For more information on how we are elevating lives through moments of connection, visit

Tilray.com and follow @Tilray on all social platforms. 

Forward-Looking Statements
Certain statements in this communication that are not historical facts constitute forward-looking information or forward-looking statements (together, “forward-looking statements”) under Canadian and U.S. securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be subject to the “safe harbor” created by those sections and other applicable laws. Forward-looking statements can be identified by words such as “forecast,” “future,” “should,” “could,” “enable,” “potential,” “contemplate,” “believe,” “anticipate,” “estimate,” “plan,” “expect,” “intend,” “may,” “project,” “will,” “would” and the negative of these terms or similar expressions, although not all forward-looking statements contain these identifying words. Certain material factors, estimates, goals, projections, or assumptions were used in drawing the conclusions contained in the forward-looking statements throughout this communication. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses, or current expectations. Many factors could cause actual results, performance, or achievement to be materially different from any forward-looking statements, and other risks and uncertainties not presently known to the Company or that the Company deems immaterial could also cause actual results or events to differ materially from those expressed in the forward-looking statements contained herein. For a more detailed discussion of these risks and other factors, see the most recently filed annual information form of Tilray and the Annual Report on Form 10-K (and other periodic reports filed with the SEC) of Tilray made with the SEC and available on EDGAR. The forward-looking statements included in this communication are made as of the date of this communication and the Company does not undertake any obligation to publicly update such forward-looking statements to reflect new information, subsequent events, or otherwise unless required by applicable securities laws.

Tilray Brands Contacts:
Media 
[email protected]

Investor Relations 
[email protected]

1 Participation includes Tilray-owned BrewDog brewpubs only – does not included franchise locations.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ab6f4807-fecf-41fd-8751-9d336bd0f4bd

SpaceX (SPCX) fell 4.2% after aborting its Starship V3 launch, extending a five-day losing streak below its $135 IPO price. Netflix (NFLX) missed Q2 revenue expectations at $12.56B, despite 13.4% Y/Y growth and operating income of $4.19B beating consensus.

Gold (XAU/USD) shows moderate gains on Friday, but remains close to the year-to-date lows, at the $3,940 area, with upside attempts capped below the $4,000 psychological level for now. The precious metal is set for a 3% weekly decline, as the resumed hostilities between the US and Iran and the higher Oil prices have offset the positive impact of lower US Treasury yields.

Bullion tumbled on Thursday as tensions in Iran escalated with US President Donald Trump threatening to target civilian infrastructure, like power plants and bridges. Tehran, in turn, flagged the closure of the Strait of Bab el-Mandeb, a move that would strangle Oil supply further and bring the global economy to the brink of recession.

Technical Analysis: The YTD low of $3,941 is coming under pressure

XAU/USD trades remain on a bearish trend from February's highs with no clear sign of a trend shift on the horizon, other than the bullish divergence in the Relative Strength Index (RSI). Momentum indicators in the 4-hour remain in bearish territory, with the mentioned RSI below 40 and the Moving Average Convergence Divergence (MACD) just below zero, suggesting that rallies will find sellers.

The psychological $4,000 level is holding bulls at the time of writing, closing the path towards the trendline resistance at $4,075 and mid-July highs in the $4,100 area. A clear break of these levels is needed to ease bearish pressure and shift the focus towards July's peak, in the $4,200 area.

On the downside, the year-to-date low, at $3,941, remains at a short distance. Further down, the October 2025 low, at $3,886, emerges as the next target, ahead of the 127.2% Fibonacci extension of the late-June downleg, at the $3,830 area.

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

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

Summary:

CAD/JPY is on a winning streak despite a notable spike in geopolitical risk following renewed US-Iran hostilities. Why has the yen lost it? The CAD/JPY currency pair has recovered from an 18-week low of 112.96 on July 4th, achieving a four-day winning streak and surpassing 115.70. Typically, global markets see investors move away from cyclical currencies towards safe-haven assets like the Japanese yen during periods of geopolitical tension.

However, the yen is currently weakening while the loonie gains. This analysis explores why the CAD/JPY pair is deviating from traditional safe-haven behavior and what factors might influence its near-term performance.

Can the Yen Challenge the Canadian Dollar? Rising oil prices generally benefit the Canadian dollar, reflecting Canada’s position as a significant energy exporter. Recent geopolitical events in the Middle East have pushed crude oil prices higher, providing fundamental support for the Canadian dollar.

Meanwhile, the Japanese yen, often considered a safe-haven currency, faces its own challenges. Persistent interest rate differences and the Bank of Japan’s cautious monetary policy limit the yen’s attractiveness compared to currencies like the Canadian dollar, which offer higher yields.

While the yen has weakened against the US dollar, the CAD/JPY pair is benefiting from Canada’s resource-based economy. A continued increase in oil prices could further favor the Canadian dollar, although any easing of geopolitical tensions might reduce this advantage.

The Yen’s Deeper Problem Oil aside, the yen’s been fighting a losing battle for months. The Bank of Japan lifted its policy rate to its highest level since 1995, yet the currency still slid to its weakest point since 1986 by late June. Tokyo’s Ministry of Finance stepped in with a record ¥11.7 trillion between late April and May, but that effect vanished within six weeks.

Lazard Asset Management points out that the usual explanation, the US-Japan interest rate gap, has actually narrowed recently. That would normally support the yen. Instead, rising inflation expectations and worries about Japan’s ballooning public debt, now close to 240% of GDP, seem to be the main problem, keeping the currency under pressure no matter what.

Beyond the oil slick, the broader trajectory of the CAD/JPY is being shaped by monetary policy differentials. On July 15, 2026, the Bank of Canada decided to keep its main interest rate at 2.25%. This makes sense because Canada’s economy grew by 2.5% in the second quarter, and the job market is getting tighter. So, the Bank of Canada doesn’t feel any pressure to lower interest rates right now.

Positioning Strategies for Investors Considering the Japanese yen is generally weak and oil prices are helping the Canadian dollar in the short term, the overall trend suggests that CAD/JPY could go up. Predictions show it might climb a bit more in the near future, although some models suggest it might eventually settle back down.

However, just betting on this upward trend has a risk of intervention. Japanese officials have shown they’re ready to step in to influence the market, even if their actions haven’t always had a lasting effect.

Instead of treating this as a sure thing, it seems smarter to be cautious with how much you invest, take smaller positions, and keep an eye out for any signs that the Bank of Japan or the Ministry of Finance might step in.

Why has CAD/JPY shown recent strength?

Gains in oil prices from US-Iran tensions have supported the commodity-linked Canadian dollar against the yen.

Has Bank of Japan intervention helped the yen?

Bank of Japan intervention provided only temporary support for the yen. Record intervention in April-May 2026 briefly boosted the yen, but its weakness soon resumed.

How should investors approach CAD/JPY currently?

They should favor the broader uptrend but size positions cautiously. It is advisable to monitor intervention risks and developments in the Middle East rather than assuming continued, unchecked momentum.

Target is recalling more than 200,000 children’s sandals over the potential risk of “serious injury or death” from a choking hazard.

About 211,000 Cat & Jack Toddler Girls’ Sequerah Sandals are affected by the recall, the US Consumer Product Safety Commission (CPSC) announced Thursday.

The choking hazard concern is due to the possibility of decorative pearls falling off the shoes.

“The sandals’ decorative pearls can fall off, posing a risk of serious injury or death from a choking hazard,” the CPSC said.

The sandals are tan and have two raffia straps with gold buckles and plastic pearls. The brand name is printed on the soles and bottoms of the shoes.

The shoes were sold in sizes 5T through 12T.

The sandals were sold at Target stores across the country and online at the retailer’s website from January 2026 through May 2026 for about $20.

Target has received 23 reports of pearls falling off the shoes.

Target is recalling more than 200,000 children’s sandals over the potential risk of “serious injury or death” from a choking hazard. Christopher Sadowski for NY Post About 211,000 Cat & Jack Toddler Girls’ Sequerah sandals are affected by the recall. Target No injuries have been reported so far with the recall.

Consumers are urged to stop using the recalled sandals immediately, keep them away from children and contact Target for a full refund.

Travelers reported adjusted earnings well above the Wall Street view.

NEW YORK, July 17, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into International Business Machines Corporation (NYSE:IBM) for potential securities fraud after its significant stock drop.

If you invested in IBM, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/ibm-class-action-lawsuit.

Key Details of the IBM ($IBM) Class Action Investigation:

Investigation Overview: Securities fraud relating to IBM’s misrepresentations about the pace of securing new business deals and the strength of its IBM Z product outlook  Stock Decline: July 14, 2026 – 25% Stock DropAction: Contact BFA Law to discuss your rights
Why is IBM Being Investigated for Securities Fraud?

IBM is being investigated for securities fraud following a significant stock drop. The decline in IBM’s stock price caused significant losses to investors.

IBM is a global technology and consulting company that focuses on hybrid cloud and artificial intelligence. IBM uses IBM Z to deliver enhanced AI acceleration through multi-model AI capabilities, low unit cost architecture at scale for workloads that require end-to-end encryption, continued availability, and ultra-high throughput.

BFA is investigating whether IBM misled investors about its pace securing new business deals and the strength of its IBM Z outlook.

Why did IBM’s Stock Drop?

On July 14, 2026, IBM released its 2026 Q2 financial results. IBM announced a disappointing quarter that it attributed to “a shortfall in our Z performance and the associated software stack, primarily in Transaction Processing.” IBM also revealed that it had “faltered,” and “did not adapt and move quickly enough” so that “numerous large deals failed to close on the timelines we expected, driving the majority of our shortfall.”

This news caused the price of IBM stock to decline over $75 in intraday trading on July 14, 2026, or over 25%.

Click here for more information: https://www.bfalaw.com/cases/ibm-class-action-lawsuit.

What Can You Do?

If you invested in IBM, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/ibm-class-action-lawsuit

Or contact:

Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/ibm-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

NEW YORK, July 17, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that it is investigating Barry Diller’s bid to buy MGM Resorts International (NYSE:MGM). MGM is incorporated in Delaware.

Barry Diller is a member of MGM’s board of directors. People, Inc. (“People,” f/k/a/ IAC, Inc.), a company that Diller founded and controls, is MGM’s largest single stockholder. On June 1, 2026, People made an unsolicited bid to buy the remaining MGM stock for $48.30 per share.

If you are a current shareholder of MGM, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/mgm-resorts-investigation.

Key Details of the MGM ($MGM) Investigation:

Investigation Overview: Breaches of Fiduciary Duty in connection with Barry Diller’s offer to acquire the remaining stock of MGM for $48.30 per shareAction: Contact BFA Law to discuss your rights Why is the MGM Transaction being Investigated?

As a director, Diller owes fiduciary duties to MGM and its stockholders. People also recently entered a governance agreement with MGM that gave People the right to designate two MGM directors going forward.   Because Diller “stands on both sides” of the proposed deal, and because other MGM fiduciaries could potentially receive benefits that other stockholders do not receive, these facts create a create conflicts of interest under Delaware law. If MGM and Diller reach an agreement, they must comply with Delaware’s strict requirements for “cleansing” these conflicts and ensuring the deal is fair to MGM’s stockholders.

In a news release on June 1, MGM stated that the board of directors “will carefully review and consider the proposal to determine the course of action that it believes is in the best interests of the Company and all of its shareholders.”  

BFA is investigating whether the potential agreement complies with Delaware law.

Click here for more information:

https://www.bfalaw.com/cases/mgm-resorts-investigation

What Can You Do?

If you are a current holder of MGM stock, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/mgm-resorts-investigation

Or contact:

Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/mgm-resorts-investigation

Attorney advertising. Past results do not guarantee future outcomes.

13.53K Followers

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.

The transaction involved 39,161 shares with a total value of ~$3.1 million based on a weighted average execution price of $79.00 on July 10, 2026. This disposition accounted for 10% of the insider's total equity holdings and 22% of their direct ownership in the company.

Micron stock is down 25% in the past month and has fallen below $1 trillion but there is hope on the horizon.

AMC Entertainment Holdings, Inc. (NYSE:AMC) will release its second quarter earnings report before the opening bell on Monday, July 20.

Analysts expect the Leawood, Kansas-based company to report a quarterly loss of 6 cents per share. The consensus estimate for AMC Entertainment’s quarterly revenue is $1.46 billion. It reported $1.4 billion last year, according to Benzinga Pro.

On June 25, AMC Entertainment announced closing of $200 million registered direct offering of common stock.

Shares of AMC Entertainment rose 0.2% to close at $2.07 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Considering buying AMC stock? Here’s what analysts think:

Photo via Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) stock fell in Friday’s premarket session as investors weighed the chipmaker’s sharply higher capital spending plans despite another quarter that topped expectations.

While Taiwan Semiconductor boosted its U.S. investment plans and raised its 2026 capital spending outlook to meet surging AI demand, the announcements also renewed concerns about rising costs, potential margin pressure, and whether massive AI-related spending is becoming increasingly difficult for investors to justify.

Taiwan Reassures Investors On Domestic ExpansionThe spending plans also prompted renewed attention on Taiwan’s role as the world’s leading semiconductor manufacturing hub.

Taiwan’s government said Friday it will work to ensure Taiwan Semiconductor’s most advanced chip technology remains on the island after the company unveiled an additional $100 billion investment in Arizona.

Cabinet spokesperson Michelle Lee said Taiwan Semiconductor’s planned construction of 13 leading-edge and advanced packaging fabs in Taiwan will help preserve the country’s semiconductor leadership, while the government continues supporting domestic expansion through land, water, electricity and energy infrastructure, according to Focus Taiwan.

Higher AI Spending Raises New QuestionsThe government’s comments came after Taiwan Semiconductor increased its 2026 capital spending forecast to $60 billion to $64 billion and raised its sales outlook, underscoring management’s confidence in long-term AI demand.

Chief Financial Officer Wendell Huang told analysts that the company’s conviction in the AI megatrend remains very strong and said capital spending over the next three years will be significantly higher than in the past three years, Bloomberg reported Thursday.

Even so, investors focused less on the stronger outlook and more on the implications of sharply higher spending. Taiwan Semiconductor shares declined in both the U.S. and Taipei as concerns grew over capital intensity, future margins and signs of fatigue across AI-related stocks.

Analysts See Short-Term Pressure, Long-Term OpportunityAnalysts largely agreed that near-term sentiment has become more cautious, although many remain constructive on Taiwan Semiconductor’s longer-term outlook.

Leonid Mironov of Gavekal Capital told Bloomberg that investors appear to be rotating away from semiconductor stocks after a prolonged run-up in valuations.

Morgan Stanley said the higher spending partly reflects inflation in semiconductor equipment costs and warned that investors are increasingly focused on the potential impact on profit margins.

Still, not everyone expects the weakness to last.

Kevin Wang of Mizuho Securities told CNBC on Friday that the recent pullback looks more like a temporary correction than a fundamental shift.

The analyst said Taiwan Semiconductor remains fundamentally “very solid” despite the recent share price pullback, arguing the decline reflects broader semiconductor sector volatility rather than company-specific weakness.

He noted that Taiwan Semiconductor continues to trade at a valuation discount to many AI peers and raised his price forecast to 3,150 New Taiwan dollars from 3,000 New Taiwan dollars, citing sustained demand for generative AI servers, CPUs and application-specific integrated circuits.

Wang said the higher capital spending should support stronger growth over the next two years by expanding advanced manufacturing capacity.

Taiwan Semiconductor Price ActionTSM Stock Price Activity: Taiwan Semiconductor shares were down 3.63% at $394.86 during premarket trading on Friday, according to Benzinga Pro data.

Photo via Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Here are three stocks with buy rank and strong income characteristics for investors to consider today, July 17:

Texas Instruments Incorporated (TXN - Free Report) : This semiconductor company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.4% the last 60 days.

This Zacks Rank #1 company has a dividend yield of 1.9%, compared with the industry average of 0.3%.

JPMorgan Chase & Co. (JPM - Free Report) : This bank and financial holding company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.1% the last 60 days.

This Zacks Rank #1 company has a dividend yield of 1.7%, compared with the industry average of 1.1%.

The Goldman Sachs Group, Inc. (GS - Free Report) : This financial services company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.3% in the last 60 days.

This Zacks Rank #1 company has a dividend yield of 1.6%, compared with the industry average of 1.1%.

See the full list of top ranked stocks here.

Find more top income stocks with some of our great premium screens.

Scotts (SMG) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Gold trades below $4000 level on Friday following Thursday’s break and daily close below this level (the first close well below the mark since 6 November 2025), after the price moved around 4K for almost one month, but all attacks failed to register a clear break lower.

Fresh violation of very significant 4K support may signal an end of extended directionless phase and continuation of larger downtrend from new record high, if break is sustained.

The metal came under fresh pressure as the latest escalation in the Middle East fuels inflationary risk (also partially offsets optimism from better than expected US June inflation numbers) that underpins the US dollar.

Loss of $4K support zone (including recent spike low at $3942) would expose immediate support at $3886 (28 Oct 2025), followed by $3666 (weekly Ichimoku cloud base) and $3606 (50% retracement of $1613/$5598 uptrend).

Gold is on track for the second consecutive weekly loss, with bearish daily studies contributing to negative scenario.

Conversely, failure to hold gains below $4000 would weaken developing bearish signal and keep the price in prolonged directionless mode, but biased lower as long as recent range top ($4203) stays intact.

Res: 4067; 4134; 4162; 4203
Sup: 3970; 3942; 3886; 3717

Windsor Brokers Ltdhttp://www.windsorbrokers.com/

The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.

NEW YORK, July 17, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against ZoomInfo Technologies Inc. (NASDAQ:GTM) and certain of the Company’s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.

If you invested in ZoomInfo, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/zoominfo-class-action-lawsuit.

Key Details of the ZoomInfo ($GTM) Class Action:

Lead Plaintiff Deadline: August 24, 2026Alleged Misconduct: Securities fraud alleging that ZoomInfo misled investors regarding the impact of ZoomInfo’s AI-integrated products on customer retentionStock Drop: May 12, 2026 – 33% Stock DropCourt: U.S. District Court for the Western District of WashingtonAction: Contact BFA Law to discuss your rights Investors have until August 24, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in ZoomInfo securities. The class action is pending in the U.S. District Court for the Western District of Washington. It is captioned Tejeda v. ZoomInfo Technologies et al., No. 26-cv-05696.

Why is ZoomInfo Being Sued for Securities Fraud?

ZoomInfo has been sued for securities fraud following a significant stock drop resulting from potential violations of the federal securities laws. The decline in ZoomInfo’s stock price caused significant losses to investors.

ZoomInfo provides go-to-market (“GTM”) intelligence and a customer engagement platform for sales, marketing, operations, and recruiting professionals.

Throughout the relevant period, ZoomInfo allegedly stated that “the demand for AI for GTM is evident up and down our customer stack.” According to ZoomInfo, its “innovative go-to-market AI” was “driving stronger daily engagement from a diverse set of go-to-market personas.”

On February 9, 2026, ZoomInfo issued its 2026 revenue guidance “in the range of $1.247 billion to $1.267 billion,” because “in 2026, our focus is on bringing” ZoomInfo’s “all-in-one AI platform for go-to-market teams . . . to our customers at scale.”

In truth, as alleged, ZoomInfo’s customer retention declined as customers were rejecting ZoomInfo’s AI products.

Why did ZoomInfo’s Stock Drop?

On May 11, 2026, ZoomInfo announced its Q1 2026 results and slashed its 2026 revenue guidance from $1.247-$1.267 billion to $1.185-$1.205 billion. ZoomInfo revealed that its customer growth “regressed” due to “AI and agentic confusion” leading to “a pause in [customers’] purchasing decisions[.]”

This news caused the price of ZoomInfo stock to decline $1.98 per share, or 32.78%, from a closing price of $6.04 per share on May 11, 2026, to $4.06 per share on May 12, 2026.

Click here for more information: https://www.bfalaw.com/cases/zoominfo-class-action-lawsuit.

What Can You Do?

If you invested in ZoomInfo, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/zoominfo-class-action-lawsuit

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/zoominfo-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

Across Protocol, one of the largest cross-chain bridge platforms in crypto, confirmed on July 17 that its Solana bridge deployment was hit by an attack. The good news: user funds appear untouched. The less good news: it’s another reminder that bridges remain crypto’s favorite punching bag for exploiters.

The incident was detected at approximately 5:30 AM UTC, and the team moved quickly to disable Solana deposits as a precautionary measure. All transactions completed before the attack were secured, and the protocol continues to function normally on other supported chains like Ethereum and Base.

What happened and who’s exposed Here’s the thing about this attack: the potential losses appear limited to a very specific bucket. Only funds associated with the relayer operated by Risk Labs, the foundation that supports Across Protocol, are considered at risk. That’s an important distinction. In the world of bridge exploits, where users often wake up to find their deposits evaporated, this outcome is about as contained as it gets.

Advertisement

Across uses what’s called an intent-based architecture. Think of it like placing an order at a restaurant: you state what you want (move tokens from Chain A to Chain B), and a relayer fills that order using their own capital, getting reimbursed later. The relayer takes on the risk, not the user. In this case, Risk Labs was operating that relayer on the Solana side, which is why their funds, not users’ funds, are the ones in the crosshairs.

The protocol employs an optimistic verification model powered by the UMA oracle. Transactions are assumed valid unless someone challenges them within a dispute window.

Across has stated that a full post-mortem analysis will be published in the coming days. The team is also working with SEAL_911, a well-known crypto security response group, to monitor addresses linked to the attack.

A $35 billion track record, now with an asterisk Before this incident, Across Protocol had processed over $35 billion in transaction volume without a single exploit. Its intent-based model was specifically designed to reduce the attack surface by keeping user funds out of vulnerable smart contract pools. That design philosophy appears to have held up here: users weren’t exposed.

What this means for investors If you had funds moving through Across’s Solana bridge, they appear safe. If you’re planning to bridge assets to or from Solana via Across, you’ll need to wait. Deposits on that chain are disabled until further notice.

The bigger question is what the post-mortem reveals. Was this a smart contract vulnerability specific to the Solana deployment? A relayer configuration issue? Something in how the UMA oracle interacted with Solana’s architecture? The answer matters, because it determines whether this was a one-off implementation bug or something that could theoretically affect other chains in the Across ecosystem.

Traders and liquidity providers who interact with Across on other chains should monitor the post-mortem closely. If the vulnerability turns out to be Solana-specific, operations on Ethereum, Base, and other supported networks should remain unaffected. But if the root cause touches shared infrastructure, the calculus changes fast.

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

New York, NY, July 17, 2026 (GLOBE NEWSWIRE) -- Tribeca Strategic Acquisition Corp. (the “Company”) announced today that, commencing July 20, 2026, holders of the units sold in the Company's initial public offering may elect to separately trade the Company's Class A ordinary shares and rights included in the units. The Class A ordinary shares and rights that are separated will trade on the Nasdaq Global Market under the symbols “BID” and “BIDWR,” respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol “BIDWU.” Holders of units will need to have their brokers contact Efficiency, INC., the Company’s transfer agent, in order to separate their respective units into Class A ordinary shares and rights.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Tribeca Strategic Acquisition Corp.

The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.  Although the Company may pursue an initial business combination in any business or industry sector or geographical location, it intends to focus on identifying a business combination target in the software, technology, artificial intelligence, digital asset, clean energy and other high growth sectors.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the anticipated use of the net proceeds from the offering and simultaneous private placement and search for an initial business combination. No assurance can be given that the Company will ultimately complete a business combination transaction.

Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company's registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company Contact

Tribeca Strategic Acquisition Corp.
1301 Avenue of the Americas, 6th Floor
New York, NY, 10019
Attn: Timothy R. Ramdeen
[email protected]
(646) 593-7050