Track market-moving stories before they get noisy

SBI Holdings and the Solana Foundation have formed a strategic partnership to develop an onchain financial market based in Japan. 

Summary

SBI and Solana target stablecoins, tokenized assets, payments and institutional services across Japan and Asia. Solana Foundation will join SBI R3 Japan, which plans to become SBI Solana Global soon. The venture aims to connect Japan’s regulated financial system with global blockchain liquidity and markets. Under the agreement, the foundation will join SBI R3 Japan alongside SBI and Sumitomo Mitsui Financial Group, one of Japan’s major banking groups. The company plans to change its name to SBI Solana Global, subject to the required corporate process. The partners announced the arrangement on July 13.

The venture will use Solana as its main blockchain infrastructure. SBI said the project will connect Japan’s financial assets, regulated institutions and legal framework with international blockchain markets. 

The group said it aims to make Japan “a core hub for onchain finance in Asia.” That remains a business target. The announcement did not provide revenue forecasts, launch volumes or client commitments. It also did not say whether the renamed company will end any existing Corda-related work.

Stablecoins and tokenized assets lead the plan SBI Solana Global plans to support the issuance and distribution of yen stablecoins, including JPYSC. It will also work on tokenized corporate bonds, commercial paper, investment funds and real estate. 

The company aims to provide one system for issuance, distribution and settlement rather than offering blockchain technology alone. This structure could allow issuers to manage an asset through its full onchain life cycle.

JUST IN: Japanese Financial Giant SBI Teams Up With Solana to Expand Onchain Finance

Japanese financial giant SBI Holdings and Solana Foundation announced a strategic partnership to develop Japan-originated onchain financial markets. As part of the initiative, Solana… pic.twitter.com/GNNxVQleT1

— Wu Blockchain (@WuBlockchain) July 13, 2026 The partners also listed cross-border payments, institutional onchain services and payment systems for AI agents among their planned business areas. The statement did not give launch dates for each product. It also did not explain which services will require separate approval from Japanese regulators. Any live offering will need to follow local rules for stablecoins, securities, custody and financial market operations.

SBI expands its regulated digital asset network The Solana deal adds to SBI’s wider digital asset program. As crypto.news reported, SBI and Startale developed a regulated yen stablecoin for payments, tokenized assets and onchain settlement. SBI also worked with Ripple to launch the dollar-backed RLUSD stablecoin in Japan through SBI VC Trade after regulatory approval.

SBI is also moving to acquire Bitbank, one of Japan’s established crypto exchanges. As previously reported, the planned ¥46.7 billion transaction would add trading, custody and lending services to SBI’s existing network. The Solana partnership creates another route for SBI to connect stablecoins and tokenized securities with institutional markets. However, the companies have not announced whether Bitbank or SBI VC Trade will distribute SBI Solana Global products.

Solana gains another institutional finance partner The partnership arrives as tokenized asset activity grows on Solana. As previously reported, the network recorded $5.77 billion in tokenized-asset spot volume during a record quarter and processed more than one billion weekly non-vote transactions. Solana has also attracted stablecoin settlement, tokenized equities and institutional trading projects, though activity levels can change with market conditions.

SBI and the Solana Foundation said they want to extend Japan-originated products into Asian and global markets. A “Japan-originated digital financial asset market” is the stated direction, but the partners have not named overseas markets, banking partners or settlement corridors. 

They also did not disclose the size of the Solana Foundation’s investment. Their next steps will center on the company rename, product development and regulatory work needed to move stablecoins, tokenized assets and payments into live use.

https://www.webopedia.com/crypto/exchanges/bybit-review/

A substantial transfer of 191,806,130 USDT, equivalent to approximately $191.7 million, was made from an unidentified wallet to the Bybit cryptocurrency exchange, as reported by Whale Alert on July 13, 2026. This transfer comes amid Bybit’s ongoing Global Assets Fest, which offers a prize pool of $202,000 USDT and is expected to run until July 16, 2026. The transfer’s purpose remains unconfirmed, but such large movements typically suggest institutional activities like over-the-counter trade settlements or exchange wallet consolidations. Meanwhile, the exchange’s significant role as the world’s second-largest by volume adds further interest to this transaction.

Advertisement

The transaction has garnered attention within the cryptocurrency markets, particularly those related to Solana. The large inflow of USDT to Bybit could indicate increased exchange activity, which may influence Solana’s price movements. The current market sentiment reflects a 20% probability that Solana will reach $90 by the end of July, as market participants assess potential impacts from increased activity.

Key Takeaways The transfer of 191.8 million USDT to Bybit appears to suggest potential institutional activity or wallet consolidations. Pricing suggests increased exchange activity could impact Solana’s price, with current odds indicating a 20% chance of reaching $90 in July. The event coincides with Bybit’s Global Assets Fest, potentially amplifying market activity and interest. What to Watch Market participants will be observing any further large transactions or announcements from Bybit that could shed light on this significant transfer. Additionally, any on-chain analysis revealing the transaction’s purpose could provide more clarity. The ongoing Global Assets Fest may continue to drive heightened activity and volatility in related markets, influencing sentiment around Solana’s price targets for July.

Get live prediction-market analysis, powered by Vera. Sign up for Vera.

Term Structure

Contract Odds Δ since publish Volume 24h August 1 2026 20% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.5% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.8% — — View market → August 1 2026 4.5% — — View market → August 1 2026 0.7% — — View market → August 1 2026 11.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 46.5% — — View market →

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Major crypto exchange OKX has sent out a notice to users of USDC on the Solana blockchain, announcing a temporary suspension of deposit and withdrawal services due to scheduled wallet maintenance.

OKX said the temporary pause is due to wallet maintenance and will take place in the next 24 hours, on July 14.

由于钱包维护，我们将于7月14日14:30 (UTC+8) 暂停 USDC 在 Solana 网络的充提服务，待维护完成后恢复。

相关代币的交易不受影响，请勿在钱包维护期间进行 USDC 的充提操作，以免造成资金损失，感谢您的理解与支持~

HOT Stories

— OKX中文 (@okxchinese) July 13, 2026 Due to wallet maintenance, OKX said it will suspend USDC deposit and withdrawal services on the Solana network on July 14 at 14:30 (UTC+8), and resume them after the maintenance is completed.

You Might Also Like

The exchange added that trading services will continue to operate normally as trading of related tokens will not be affected. Users are, however, urged to refrain from performing USDC deposits or withdrawals during the wallet maintenance period to avoid potential fund losses.

USDC on Solana is native to the Solana blockchain and can be swapped across chains. Circle has just issued an additional 250 million USDC on the Solana network.

Solana newsIn a recent milestone, Solana has crossed epoch 1,000, marking the finalization of 432,000 slots on Solana and highlighting over 5.5 years of Solana.

You Might Also Like

1,000 epochs also marked 120.5 billion total non-vote transactions, $4.3 trillion traded on Solana DEXes, $193.5 trillion in stablecoins transferred on Solana rails, 2 years and 154 days of 100% availability, multiple unicorns building on Solana, 78,000 unique developers, and over 7.4 million commits on Git repos.

As reported by Wu Blockchain, Japanese financial giant SBI Holdings and the Solana Foundation have announced a strategic partnership to develop Japan-originated onchain financial markets.

As part of the initiative, the Solana Foundation will join SBI R3 Japan, which is set to be renamed SBI Solana Global, alongside SBI and Sumitomo Mitsui Financial Group (SMFG), one of Japan's three megabanks.  

The partnership will focus on JPY stablecoins, tokenized real-world assets (RWAs) including bonds, funds, and real estate, cross-border payment infrastructure, and institutional onchain financial services. SBI said the initiative aims to connect Japan's regulated financial markets with global blockchain liquidity and position Japan as a hub for onchain finance in Asia.

OKX will temporarily suspend USDC deposits and withdrawals on the Solana network on July 14 while it completes scheduled wallet maintenance. 

Summary

OKX will pause Solana USDC deposits and withdrawals while keeping related trading services fully operational. The suspension begins July 14 at 14:30 UTC+8 and resumes after maintenance without separate announcement. Solana remains a major USDC settlement network despite this short exchange-level maintenance window for users. The pause will begin at 14:30 UTC+8, equal to 06:30 UTC and 09:30 East Africa Time. OKX published the notice on July 13 and did not provide a fixed completion time. The exchange said it will restore the two services after the work ends.

The change applies only to deposits and withdrawals of USDC through Solana. OKX said users who already hold the token in their accounts do not need to take action. Trading for related assets will continue during the maintenance period. Other supported USDC networks were not included in the notice, so the announcement does not describe a platform-wide USDC suspension.

由于钱包维护，我们将于7月14日14:30 (UTC+8) 暂停 USDC 在 Solana 网络的充提服务，待维护完成后恢复。

相关代币的交易不受影响，请勿在钱包维护期间进行 USDC 的充提操作，以免造成资金损失，感谢您的理解与支持~

— OKX中文 (@okxchinese) July 13, 2026 OKX also advised traders to consider risks in margin and derivatives markets and add margin early where needed. That guidance matters for users who move USDC through Solana to fund positions. The notice does not promise that deposit networks will remain available in every region, so customers should rely on the options shown in their accounts.

Users should avoid transfers during the pause OKX asked customers not to send or withdraw Solana-based USDC after the maintenance window opens. The exchange warned that transfers made during the pause could create a risk of lost funds. Users should check the selected network before confirming any transaction, because USDC exists on several blockchains and each network uses a different deposit route.

Users should allow time for blockchain confirmations before the cutoff, since a transfer initiated earlier may arrive after the suspension begins.

The company described the work only as “wallet maintenance.” It did not report a hack, a Solana network outage, or a problem with USDC. OKX also said “trading will not be affected,” although that statement covers exchange trading rather than external transfers. The exchange did not explain whether pending transactions submitted before the cutoff could face delays.

Solana remains a major USDC settlement network USDC on Solana is a native version of Circle’s dollar-backed stablecoin rather than a wrapped token issued by another bridge provider. Circle lists Solana among the networks where it directly issues USDC. Its cross-chain tools can also burn native USDC on one supported network and mint the same amount on another, without using wrapped copies or outside liquidity pools.

As crypto.news reported earlier in 2026, Circle minted more than $10.5 billion in USDC on Solana within roughly one month. The same coverage cited about $650 billion in Solana stablecoin settlement volume during February. Those figures show the network’s large role in dollar-denominated transfers, but they do not indicate that OKX’s maintenance pause resulted from higher usage.

Exchange notice does not signal a Solana shutdown Solana has also attracted more payment and financial infrastructure. As previously reported, the Solana Foundation launched an institutional developer platform with Mastercard, Western Union and Worldpay as early users. The tools cover stablecoin issuance, payments and trading services. That expansion increases the need for exchanges and custodians to maintain reliable wallet systems as transaction routes grow.

The OKX notice remains an exchange-level service update, not a suspension of USDC on the Solana blockchain. Users can still trade supported assets inside OKX, but they should avoid Solana USDC deposits and withdrawals until the exchange restores access. 

OKX said it may resume the services without another announcement, making the platform’s deposit page and status tools the main places to check before sending funds.

SBI Holdings is teaming up with the Solana Foundation to create Japan’s first on-chain financial market, with plans to bring Japan-developed stablecoins and tokenized real-world assets to Asian and global markets, according to a Monday statement.

Advertisement

Under the agreement, the Solana Foundation will become a shareholder in SBI R3 Japan, which will be renamed SBI Solana Global, joining SBI Holdings and Sumitomo Mitsui Financial Group.

SBI Solana Global will support the issuance and distribution of stablecoins including JPYSC, tokenize assets such as corporate bonds, commercial paper, funds and real estate, build a cross-border payment infrastructure, deliver on-chain financial services for institutions, and develop AI-ready payment systems.

The collaboration seeks to combine Japan’s financial ecosystem and regulatory advantages with Solana’s blockchain network to establish Japan as a regional center for on-chain finance.

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

Solana price has remained below the $80 psychological barrier after renewed macro pressure and weakening risk appetite pushed buyers into a wait-and-see mode despite an emerging bullish chart pattern.

Summary

Solana price remains below $80 as a falling wedge keeps the possibility of a bullish breakout intact. Liquidation clusters near $80-$81 could accelerate gains if buyers reclaim the psychological resistance. Macro headwinds and weak institutional flows continue to threaten the bullish setup despite resilient on-chain activity. According to data from crypto.news, Solana (SOL) price traded near $76.3 on July 13 after slipping almost 1% over the previous 24 hours. The token has spent the past several sessions consolidating as rising U.S. Treasury yields and persistent expectations that interest rates could stay higher for longer continued to pressure high-beta crypto assets.

Bitcoin held close to $64,000 during the same period, but institutional demand remained concentrated in larger-cap assets, limiting Solana’s ability to reclaim the $80 level.

Network activity has nevertheless remained resilient. Active addresses have stayed near yearly highs while transaction throughput continues to benefit from speculative meme coin trading and recent network upgrades. Yet those on-chain gains have not translated into sustained price appreciation as capital has largely circulated within the ecosystem instead of attracting fresh external inflows.

Combined with softer institutional appetite following a difficult second quarter for digital asset investment products, the imbalance has left SOL struggling to establish a fresh uptrend.

Commenting on the latest price structure, analyst Eliz argued that the recent pullback should not necessarily be viewed as bearish.

“$SOL is showing an orderly bearish consolidation following the rally. This type of price action is often a positive sign: the market is shaking off excesses without compromising the bullish structure.”

The analyst added that, “As long as the outlook remains unchanged, I continue to expect the upward trend to continue.”

Falling wedge keeps breakout hopes alive despite weakening momentum The 4-hour chart shows Solana carving out a falling wedge after rejecting the early July high above $83. The pattern has compressed price action between descending trendlines, with support holding near the Fibonacci 100% retracement around $75.4 while resistance has gradually fallen toward $78.5.

Solana price has formed a falling wedge pattern on the 4-hour chart — July 13 | Source: crypto.news A decisive move above the upper boundary would expose the 61.8% Fibonacci level near $78.6, followed by $79.6, before bringing the key $80 psychological barrier back into focus. A successful breakout could then open the path toward $81.8 and the recent swing high near $83.7.

Momentum indicators, however, remain mixed. The 4-hour RSI sits just below the neutral 50 level at around 40, leaving buyers without clear momentum. Meanwhile, the MACD remains below its signal line with only a modest improvement in histogram bars, suggesting bearish momentum has slowed but has not yet reversed.

The daily chart presents a similar picture. SOL continues to trade above the major Murrey Math support level at $75 while Chaikin Money Flow has recovered into positive territory near 0.10, showing that capital has continued to enter the asset despite the recent consolidation.

Solana daily price chart — July 13 | Source: crypto.news Still, the market has repeatedly rejected advances toward the 5/8 Murrey resistance near $81.25, reinforcing the importance of the $80-$81 region.

Derivatives positioning also identifies nearby trigger zones. CoinGlass liquidation data shows one of the largest short liquidation clusters sitting around $79.5-$80, with another concentration extending above $81.

Solana liquidation heatmap | Source: CoinGlass A strong breakout through those levels could force leveraged short positions to close, adding fuel to an upside move. On the downside, notable long liquidation pockets have accumulated around $75 and just below $74.5, making those areas important support if selling pressure intensifies.

Macro headwinds continue to threaten the bullish setup Any bullish breakout remains dependent on improving macro conditions. Rising Treasury yields have increased the opportunity cost of holding non-yielding assets, prompting institutions to reduce exposure to more volatile layer-1 tokens such as Solana. Upcoming U.S. inflation data and Federal Reserve policy expectations are therefore likely to remain major catalysts for the crypto market over the coming weeks.

The bullish wedge thesis would weaken if SOL closes decisively below the $75 support zone, as that would invalidate the current pattern and expose the Murrey support near $68.75. A deeper correction could then bring the $62.5 pivot region back into play.

Conversely, sustained buying above $80 would break both the falling wedge and a multi-session resistance zone, increasing the probability of a move toward $83-$84 where the next significant supply cluster awaits.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Summary

SBI Holdings' blockchain initiative is turning to Solana for its stablecoin and RWA tokenization efforts.SBI Solana Global, previously SBI R3 Japan, aims to use the network to connect Japan's domestic market to global liquidity.SBI Holdings lists supporting the issuance and distribution of stablecoins, supporting the structuring and distribution of tokenized RWAs and developing payment infrastructure for AI agents among SBI Solana's functions. Japanese asset giant SBI Holdings' (8473) blockchain initiative is turning to Solana for its stablecoin and real-world asset (RWA) tokenization efforts.

SBI Solana Global, previously SBI R3 Japan, aims to use the network to connect Japan's domestic market to global liquidity, according to a Monday post on its website.

The SBI Solana Global joint venture, which also counts Sumitomo Mitsui Financial Group (SMFG) among its shareholders, now includes the Solana Foundation, the Zug, Switzerland-based organization that oversees the layer-1 network.

"By creating a new market for Japan-originated digital assets, the collaboration aims to establish Japan as a core hub for onchain finance in Asia," SBI Holdings said in the statement.

SBI Holdings lists supporting the issuance and distribution of stablecoins, supporting the structuring and distribution of tokenized RWAs and developing payment infrastructure for AI agents among the venture's functions.

The blockchain initiative previously centered around Corda, the permissioned blockchain developed by R3.

SBI Holdings has been active in expanding its digital asset business in recent months, agreeing to buy Japanese cryptocurrency exchange Bitbank last month for around $289 million.

Dubai, United Arab Emirates, July 13th, 2026, Chainwire

Byreal, a decentralised exchange incubated by Bybit, today marked its first anniversary since launching on the Solana testnet on 30 June 2025. Over the past year, the platform has grown into a primary liquidity venue for tokenized real-world assets (RWA) and established itself as one of the first AI agent-native exchanges in DeFi.

Since launch, Byreal has recorded more than $3.7 billion in cumulative trading volume across 25.3 million total transactions. The platform has attracted close to half a million total users and paid out $2.8 million in fees to liquidity providers.

“One year ago, Byreal set out to prove that DeFi could match the liquidity and execution quality of a centralised operation while keeping our ecosystem authentic. Reaching $3.7 billion in total volume and becoming a leading venue for tokenized real-world assets on Solana validates that vision. This is only the foundation for what Byreal will build next,” said Emily Bao, Founder of Byreal. 

Real-World Assets and Crypto Liquidity Hub

Byreal has established itself as a primary on-chain liquidity venue for tokenized equities and commodities. Partnerships with xStocksFi, Backpack, Tether Gold, and Sunrise have enabled more than 20 tokenized equities, including MU, SPCX, SNDK, NVDAx, and CRCLx, to trade with real depth on Solana.

Through deep integration with Bybit Alpha, Byreal became the top Day 1 trading volume venue on Solana for multiple new tokens, including BP, MON, ARX, SKR, and BRIB, bridging centralised exchange liquidity with on-chain markets from launch day.

Over the past year, Byreal has expanded its product suite across three verticals, now available on a single platform:

Real Farmer: the first copy-farming product on Solana Perps: offering up to 50x leverage trading for both equities and crypto, available 24/7 Predict: an on-chain market for trading real-world outcomes AI and Agent Infrastructure

Byreal positions itself as the most agent-native DEX on Solana, combining deep hybrid liquidity (CEX + on-chain), real-world asset support, and purpose-built tools for the next wave of AI-driven trading and DeFi activity. Incubated by Bybit and powered by Solana.

The platform has continued to build agent-native infrastructure over the past year, releasing tools that allow both human users and AI agents to participate in DeFi. Agent Skills is an open infrastructure layer that allows AI agents to swap, provide liquidity, trade perps, and participate in prediction markets. RealClaw is a personal AI agent that autonomously farms yield, trades spot, perps, and prediction markets, and manages positions on behalf of users.

Community Meme Contest

To mark its first anniversary, Byreal is hosting a community meme contest. Participants are invited to create and share memes celebrating the platform’s agent-native features, RWA integrations, and product innovations. Winners will receive prizes and recognition on official channels.

About Byreal

Byreal is a decentralised exchange (DEX) built on the Solana blockchain and incubated by Bybit. Byreal brings together trading, liquidity provision, and yield generation into one unified onchain platform, with execution quality and infrastructure designed to match the standards of a professional trading venue. Built from the ground up as an AI agent native DEX, Byreal enables both human users and AI agents to trade, swap, and provide liquidity programmatically.

For more information about Byreal, please visit: www.byreal.io

For updates, please follow Byreal’s social media: https://x.com/byreal_io

For media inquiries, please contact: [email protected]

SBI Holdings announced on July 13 that the Solana Foundation will acquire a stake in SBI R3 Japan, turning the entity into a new joint venture under the name SBI Solana Global. This move is set to support the migration of Japanese stablecoins, digital assets, and cross-border payments onto the Solana blockchain.

Strategic partnership strengthens digital finance expansionWith this strategic partnership, Sumitomo Mitsui Financial Group (SMFG), a major Japanese banking institution, will remain a shareholder alongside SBI Holdings and the Solana Foundation. The transition will see SBI R3 Japan rebranded as SBI Solana Global Co., Ltd., pending standard corporate procedures.

SBI Solana Global will develop five business lines based on the Solana network, including investments in stablecoins like the Japanese yen-pegged JPYSC. The company plans to launch tokenized Real-World Assets (RWAs) that may encompass corporate bonds, commercial paper, investment funds, and real estate.

In addition to these products, the joint venture aims to establish cross-border settlement infrastructure, on-chain institutional services, and payment systems designed for an anticipated era of AI-driven agents, SBI Holdings stated in the official press release.

SBI is aiming to create a unified platform managing issuance, distribution, and settlement, rather than focusing solely on blockchain provision for digital assets and payments.

Mini dictionary: Solana Foundation, a non-profit organization, supports development and adoption of the Solana blockchain, known for its high throughput and focus on decentralized finance applications.

Japan positioned as on-chain finance hubSBI Holdings outlined ambitions for Japan to become a central hub for on-chain financial services in Asia, with plans to expand business offerings to other Asian and global markets.

The company did not provide revenue forecasts, identify client commitments, or disclose financial terms regarding the Solana Foundation’s stake. No specific overseas markets or additional banking partners were mentioned in the statement.

SBI’s products must still receive regulatory clearance under Japan’s cryptocurrency and securities regulations before launch.

SBI’s broader move into digital assetsThe collaboration with Solana follows a series of digital asset initiatives by SBI Holdings. In March, SBI and blockchain developer Startale introduced a regulated yen stablecoin for payment and settlement services. Furthermore, SBI worked with Ripple to bring the dollar-pegged RLUSD stablecoin to Japan via its crypto subsidiary, SBI VC Trade, after obtaining relevant regulatory permissions. SBI continues to be Ripple’s largest domestic partner.

SBI Holdings is also in the process of acquiring Bitbank, a prominent Japanese cryptocurrency exchange, in a deal valued at 46.7 billion yen. Whether Bitbank or SBI VC Trade will offer SBI Solana Global’s new products has not been addressed.

Mini dictionary: Bitbank is a licensed Japanese cryptocurrency exchange, recognized for its large trading volumes and compliance with Japanese financial regulations.

Solana’s network momentum attracts institutional partnersBy partnering with SBI, the Solana Foundation gains access to institutional finance within Japan’s expanding blockchain ecosystem. Solana’s network has recently reported $5.77 billion in tokenized asset spot volume and surpassed one billion transactions in a single week.

At the time of the announcement, Solana’s SOL token traded at approximately $76.35.

Token / NetworkLatest Trading PriceRecent VolumeRecent Transactions/WeekSOL (Solana)$76.35$5.77 billion1 billion+Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced it has been selected as Independent Certifier for the design and construction of The Wave – Stage 1, with joint venture partner Bureau Veritas. As Queensland’s next major rail project, The Wave will enhance regional connectivity, reduce road congestion, improve accessibility, and support population growth as part of the 2032 Delivery Plan for the Brisbane 2032 Olympic and Paralympic Games.

For the next six years, the joint venture will certify the design and construction of a new dual-track rail line from Beerwah to Caloundra that includes new and upgraded stations along the line. Through this work, the joint venture will ensure the project meets its safety, operational and regulatory objectives.

"The Wave represents a transformative step forward for South East Queensland, connecting the eastern communities of the Sunshine Coast to the passenger rail network and making travel simpler for thousands of residents across the region,” said Mark McManamny, chief executive of AECOM’s Australia and New Zealand region. “As Independent Certifier, we are focused on giving the Queensland Government, communities and future users confidence that the project meets the standards expected of infrastructure that will serve the region for generations.”

AECOM brings deep, multidisciplinary expertise across rail, transport and major infrastructure, with a proven track record of delivering Independent Assurance on some of Australia's most complex and high-profile projects, including Melbourne Metro Tunnel, Sydney Metro Brownfields and the M1 Pacific Motorway extension to Raymond Terrace.

“We continue to win premier roles on a robust pipeline of major transportation opportunities in Australia,” said Russell Jackson, interim chief executive of AECOM’s global Transportation business. “Our advantage is the result of decades-long investment in trusted, local teams backed by the technical knowledge of the #1 Transportation design firm in the world, as ranked by Engineering-News Record. We’re proud to support Australia’s federal, state and local governments as they continue to prioritize transportation modernization and capacity upgrades, particularly ahead of the Brisbane 2032 Olympic and Paralympic Games.”

The Wave is a key component of the Queensland Government’s 2032 Delivery Plan and infrastructure program for the Games. Beyond the Games, the project is expected to strengthen regional connectivity across the Sunshine Coast, improving access to employment hubs, social infrastructure and tourist destinations throughout the region.

About AECOM

AECOM (NYSE:ACM) is the global infrastructure leader, committed to delivering a better world. As a trusted professional services firm powered by deep technical abilities, we solve our clients’ complex challenges in water, environment, energy, transportation and buildings. Our teams’ partner with public- and private-sector clients to create innovative, sustainable and resilient solutions throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. AECOM is a Fortune 500 firm that had revenue of $16.1 billion in fiscal year 2025. Learn more at aecom.com.

Forward-Looking Statements

All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, capital allocation strategy including stock repurchases, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; government shutdowns; changes in administration or other funding directives and circumstances that cause governmental agencies to modify, curtail or terminate our contracts; government contracts are subject to audits and adjustments of contractual terms; long-term government contracts are subject to uncertainties related to government contract appropriations; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; changes in government laws, regulations and policies, including failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; our capital allocation strategy, including our ability to continue payment of dividends and purchase stock; exposure to political and economic risks in different countries, including tariffs and trade policies, geopolitical events, and conflicts; inflation, currency exchange rates and interest rate fluctuations; changes in capital markets and stock market volatility; retaining and recruiting key technical and management personnel; legal claims and litigation; inadequate insurance coverage; environmental law compliance and inadequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; managing pension costs; AECOM Capital real estate development; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas construction businesses, including the risk that any purchase adjustments from those transactions could be unfavorable and any future proceeds owed to us as part of the transactions could be lower than we expect; risks associated with our strategic initiatives, including AI investments and potential acquisitions and divestitures; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.

NextDecade Corporation (NEXT) has quietly recovered toward $8 while the market fixates on the Strait of Hormuz. The reason is a building gas supply shock, and this overlooked LNG stock sits directly in its path.

NEXT Share Price: Google FinanceMost investors are trading the crisis through oil tankers. That trade, however, is already crowded. The longer prize, by contrast, sits with American gas exporters.

What the Tanker Trade MissesThe tanker trade is simple. Investors buy the companies that own the ships hauling crude oil. When Hormuz turns dangerous, rerouting and war insurance push tanker rents higher, so those shares climb.

Want more insights like this? Sign up for Editor Harsh Notariya’s Daily Newsletter here.

That move, however, is late. Analysts at Evercore previously cut Frontline and DHT Holdings to hold, citing reversion risk. The easy money has likely gone. Even as the US-Iran standoff flares again, tanker rate spikes tend to fade fast.

The trade also misses the deeper wound. Iran’s strikes damaged close to 20% of Qatar’s liquefaction supply at Ras Laffan during early 2026. Unlike shipping delays, broken plants do not recover when a ceasefire holds.

A Qatari LNG tanker was struck while exiting the Strait of Hormuz 🇶🇦🚨

🚢 The laden ship (Al Rekayyat) was traversing the Omani route when it was hit by a projectile. The tanker was dark at the time
⚠️ This threatens Qatar's plans to rapidly revive LNG exports from Ras Laffan pic.twitter.com/sMMJEJoWGU

— Stephen Stapczynski (@SStapczynski) July 7, 2026 Indeed, Iran’s navy closed the strait again on July 12. Tanker crossings have plunged to near 33 a day, versus about 130 before the war.

Why LNG Is the Real PrizeLiquefied Natural Gas (LNG) is gas chilled into liquid form. That cooling shrinks its volume about 600 times, which lets tankers carry it across oceans.

Qatar is a top supplier, and about one fifth of the world’s LNG passes through Hormuz. As a result, buyers now scramble for supply from safer regions.

An armada of US LNG shipments are heading to Asia
🇺🇸🇺🇸🇺🇸

The near-closure of Hormuz has forced Asian LNG importers to scramble for alternatives. US supply has largely filled the gap

West>East LNG flows via Cape of Good Hope is at a seasonal high (+80% from last year) pic.twitter.com/4JbdIDMYwS

— Stephen Stapczynski (@SStapczynski) July 6, 2026 The United States fits that need. It is the biggest LNG exporter and sits an ocean away from Iran. Meanwhile, Shell expects global LNG demand to rise about 65% by 2050.

NextDecade is building the Rio Grande LNG plant in Brownsville, Texas. The site holds about 48 million tonnes of yearly capacity under development, with first cargoes due in early 2027.

That timing lands just as the shortage bites. The firm could become a top-four US exporter early next decade. In July, XRG, the investment arm of Abu Dhabi’s state oil producer ADNOC, boosted its stake.

Wall Street, however, has barely moved. Citi set a Buy rating and an $11 target on May 13 and has not changed it since, showing how overlooked a stock NEXT is. That stale call predates the latest closure, so the case has strengthened while the number sat still.

Citi Called A Buy: TipRanksToday, the stock trades near $7.99, roughly 40% below that target.

What the Money Flow and Options SignalMoney flow is turning. The Chaikin Money Flow fell from a mid-May peak to a June 18 low, then recovered to near minus 0.03.

The last time it crossed above zero, on April 30, the stock rose about 7% into mid-May. Another cross would repeat that signal, and price has already recovered while flow lags.

NextDecade Chaikin Money Flow Near Zero: BeInCryptoOptions traders lean bullish too. Last week the put-call volume ratio sat near 0.27, with open interest near 0.21. Both low readings mean far more bets on gains than on losses.

Still, that can shift fast. NextDecade reports second-quarter results on July 30, which may confirm construction progress and new contracts.

NEXT Options Positioning: BarchartUltimately, the tanker trade priced the crisis in days, because shipping rates spike then fade. The LNG trade works on a longer clock. Qatar’s plants take years to rebuild, so buyers need new supply well into the decade.

That is why NextDecade matters. Its Texas plant starts shipping in 2027, just as that gap widens. Yet the market still values it like a pre-revenue project, which keeps this hidden LNG stock overlooked.

-

Seasoned Cybersecurity and Channel Sales Executive to Lead Global Sales, Partner Ecosystem, Support and Sales Operations

BURLINGTON, Mass.--(BUSINESS WIRE)--N-able, Inc. (NYSE: NABL), a global cybersecurity company delivering business resilience, today announced the appointment of Russell Rosa as Chief Revenue Officer (CRO), effective July 13, 2026. In this role, Rosa will assume full responsibility for N-able's global sales organization, channel and partner ecosystem, support, and sales operations. With significant leadership experience across cybersecurity, AI, and SaaS, Rosa brings the proven expertise to accelerate N-able's next phase of revenue growth through its global channel network protecting more than 500,000 businesses worldwide.

Concurrent with this appointment, Frank Colletti has left his role as N-able's Executive Vice President and Chief Revenue Officer. N-able thanks Colletti for more than two decades of service and the instrumental role he played in building the company's culture, global presence, and go-to-market foundation.

A Proven Revenue Leader Built for the Channel

Russell Rosa joins N-able with a more than 25-year proven track record executing highly successful channel sales strategies and partner-driven go-to-market motions across global markets. Most recently, Rosa served as Chief Revenue Officer at Sumo Logic, where he led the global sales and partner organization across North America, EMEA, and Asia-Pacific, consistently delivering double-digit growth while building high-performing, collaborative teams. Prior to his CRO role, he served as Sumo Logic's Senior Vice President of Americas Sales, overseeing enterprise and public sector teams across North America, Canada, and Latin America.

Before Sumo Logic, Rosa built decades of progressive sales leadership at Cisco, Actifio, and VCE (a joint venture of VMware, Cisco, and EMC). At Actifio, he built worldwide sales channels and a go-to-market strategy from the ground up. Across these roles, Rosa developed a career defined by scaling channel programs and achieving strong growth. He holds a BSBA in Marketing and an MBA in Management from Suffolk University’s Sawyer Business School.

Rosa's appointment reflects a deliberate investment in N-able's channel-first commercial model. His commitment to customer outcomes and partner-driven growth is a natural fit for N-able's robust channel approach, serving businesses of all sizes through MSPs, VARs, and distributors worldwide.

John Pagliuca, Chief Executive Officer of N-able, said:

“Businesses around the world are navigating unprecedented complexity and risk, and the partners who serve them—whether MSPs, VARs, or distributors—need a trusted cybersecurity vendor that understands their business and the threat landscape firsthand. Russell has spent his career building exactly that kind of channel organization. His track record at scale in cybersecurity, combined with a genuine commitment to partner success, is precisely what N-able needs to accelerate our next phase of growth. We are thrilled to welcome him to the team.”

Russell Rosa stated:

“The depth and diversity of N-able’s channel is incredible. MSPs, VARs, and distributors all play a role in how N-able protects customers ranging from small businesses to large enterprises, and navigating that complexity is what I’ve built my career around. My focus will be on strengthening those partner relationships, building programs that help the channel grow, and running a sales organization built for consistent, repeatable execution. I am thrilled to join the N-able team and look forward to getting to work!”

About N-able

N-able protects businesses from evolving cyberthreats. Our AI powered cybersecurity platform delivers business resilience to more than 500,000 organizations worldwide, leveraging advanced end-to-end capabilities, simplified workflows, market leading integrations, and flexible deployment options to improve efficiency and drive critical security outcomes. Our partner first approach pairs our technology with experts, training, and peer-led events that empower customers to be secure, resilient, and successful. n-able.com

© 2026 N-able Solutions ULC and N-able Technologies Ltd. All rights reserved.

The N-able trademarks, service marks, and logos are the exclusive property of N-able Solutions ULC and N-able Technologies Ltd. All other trademarks are the property of their respective owners.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to risks and uncertainties. Actual results may differ materially. Readers are referred to the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, for a discussion of risks that could cause actual results to differ materially from those expressed in any forward-looking statement.

Category: Company

More News From N-able, Inc.

Back to Newsroom

Mr. Rath brings senior leadership experience in business development across a range of biopharmaceutical companies July 13, 2026 08:00 ET  | Source: Geron Corporation

FOSTER CITY, Calif., July 13, 2026 (GLOBE NEWSWIRE) -- Geron Corporation (Nasdaq: GERN), a commercial-stage biopharmaceutical company aiming to change lives by changing the course of blood cancer, today announced the appointment of Chinmaya Rath as Chief Business Officer.

“Chinmaya is an experienced business development leader who will bring strategic insights and further executional focus to our team,” said Harout Semerjian, President and Chief Executive Officer of Geron. “His appointment underscores our continued dedication to maximizing the value of RYTELO across the globe and evaluating opportunistic innovation to build a leading hematology company.”

“RYTELO’s best-in-class profile, strong commercial performance in lower-risk myelodysplastic syndromes, along with the management team’s commitment to operational excellence, position Geron well for continued growth,” said Mr. Rath. “I am honored to join Geron at this exciting time in the company’s evolution and look forward to working with the team to make a meaningful impact on the lives of people with blood cancers.”

Mr. Rath brings over 25 years of U.S. and global biopharma leadership experience to Geron. He spent a significant portion of his career at Novartis, advancing through roles of increasing responsibility with substantial experience leading high-impact, enterprise-wide strategic initiatives, including the integrations of GSK Oncology and Alcon.

Most recently, he served as Head of Pharma Solutions at Cellworks and Chief Business Officer at GlycoMimetics. He also served as Founder CEO of CelluRx, and as Vice President of Innovation and Strategic Alliances at Omega Therapeutics. He has been instrumental in major U.S. launches across both hematology (Tasigna® TFR, Ped) and solid tumors (Lynparza® ovarian cancer, co-promotion with Merck). He formerly served as Head of Strategy and Operations for the Novartis U.S. Oncology Business Unit. Additionally, as a Venture Partner with Social Impact Capital, he represents the firm on the Board of Directors at Catena Biosciences and as a Board Observer at Menten AI.

Mr. Rath received his MBAs from Warwick Business School in the United Kingdom and Army Institute of Management studies in India. He completed his undergraduate studies in Life Science with honors from Ravenshaw University, India.

About Geron
Geron is a commercial-stage biopharmaceutical company aiming to change lives by changing the course of blood cancer. Our first-in-class telomerase inhibitor RYTELO® (imetelstat) is approved in the United States and the European Union for the treatment of certain adult patients with lower-risk myelodysplastic syndromes with transfusion dependent anemia. We are also conducting a pivotal Phase 3 clinical trial of imetelstat in JAK-inhibitor relapsed/refractory myelofibrosis, as well as studies in other hematologic malignancies. Inhibiting telomerase activity, which is increased in malignant stem and progenitor cells in the bone marrow, aims to potentially reduce proliferation and induce death of malignant cells. To learn more, visit www.geron.com or follow us on LinkedIn.

Use of Forward-Looking Statements
Except for the historical information contained herein, this press release contains forward-looking statements made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such statements, include, without limitation, those regarding: (i) Geron’s ability to advance its strategy to build a leading, sustainable hematology company; (ii) Geron’s commercial strategy positioning it for long term sustainable growth; (iii) Geron delivering on its strategic priorities and driving value creation for patients and shareholders; and (iv) and other statements that are not historical facts, constitute forward-looking statements.  These forward-looking statements involve risks and uncertainties that can cause actual results to differ materially from those in such forward-looking statements. These risks and uncertainties, include, without limitation, risks and uncertainties related to: (a) whether Geron is successful in commercializing RYTELO for the treatment of certain patients with lower-risk MDS with transfusion dependent anemia and achieves market acceptance across the breadth of the eligible patient segments in RYTELO’s approved indication; (b) whether the FDA and European Commission will approve imetelstat for other indications on the timelines expected, or at all; (c) Geron’s plans to commercialize RYTELO outside of the U.S. and risks related to operating outside of the U.S.; (d) Geron’s future opportunities and plans, including the uncertainty of future revenues, expenses and other financial performance and results; (e) whether Geron overcomes potential delays and other adverse impacts that may be caused by enrollment, clinical, safety, efficacy, technical, scientific, intellectual property, manufacturing, regulatory and healthcare challenges in order to have the financial resources for and meet expected timelines and planned milestones; (f) whether regulatory authorities permit the further development of imetelstat on a timely basis, or at all, without any clinical holds; (g) whether any future safety or efficacy results of RYTELO treatment cause its benefit-risk profile to become unacceptable; (h) whether imetelstat actually demonstrates disease-modifying activity in patients and the ability to target the malignant stem and progenitor cells of the underlying disease; (i) whether Geron meets its post-marketing requirements and commitments for RYTELO; and (j) whether there are failures or delays in manufacturing or supplying sufficient quantities of RYTELO (imetelstat) or other clinical trial materials that impact commercialization of RYTELO or the continuation of clinical trials. Additional information on the above risks and uncertainties and additional risks, uncertainties and factors that could cause actual results to differ materially from those in the forward-looking statements are contained in Geron’s filings and periodic reports filed with the Securities and Exchange Commission under the heading “Risk Factors” and elsewhere in such filings and reports, including Geron’s annual report on Form 10-K for the year ended December 31, 2025. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made, and the facts and assumptions underlying the forward-looking statements may change. Except as required by law, Geron disclaims any obligation to update these forward-looking statements to reflect future information, events, or circumstances.

Investors and Media
Dawn Schottlandt
Senior Vice President, Investor Relations and Corporate Affairs
[email protected]

The British Pound (GBP) recovers its early losses and flattens around 1.3400 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair bounces back as the US Dollar surrenders its opening gains and turns negative amid hopes that renewed hostilities between the United States (US) and Iran won’t be prolonged.

In the late European trade, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.1% lower at around 100.85.

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar.

USDEURGBPJPYCADAUDNZDCHFUSD-0.10%0.09%0.26%-0.16%0.14%-0.34%0.07%EUR0.10%0.20%0.35%-0.06%0.25%-0.20%0.19%GBP-0.09%-0.20%0.17%-0.25%0.08%-0.38%0.04%JPY-0.26%-0.35%-0.17%-0.43%-0.13%-0.58%-0.14%CAD0.16%0.06%0.25%0.43%0.31%-0.12%0.29%AUD-0.14%-0.25%-0.08%0.13%-0.31%-0.41%0.00%NZD0.34%0.20%0.38%0.58%0.12%0.41%0.43%CHF-0.07%-0.19%-0.04%0.14%-0.29%-0.01%-0.43% 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).

During the day, a spokesperson from the Iranian Foreign Ministry confirmed that efforts from Qatar, Oman and Pakistan to mediate tensions with the United States (US) are continuing, while accusing Washington of violating the memorandum of understanding (MoU) terms.

Meanwhile, military aggression between the US and Iran continues as Iran's Mehr News Agency stated during the European trade that several explosions were heard around Iran's Bandar Abbas and Qeshm island. However, the news has not been confirmed by major media outlets.

Going forward, investors will focus on the US Consumer Price Index (CPI) data for June and the United Kingdom (UK) monthly Gross Domestic Product (GDP) data for May, which are scheduled for Tuesday and Thursday, respectively.

GBP/USD technical analysis

GBP/USD trades calmly near 1.3400. The pair holds a modest bullish bias as spot trades above the 20-day exponential moving average (EMA) at 1.3344, but the overall trend appears sideways amid the Descending Triangle formation.

The Relative Strength Index (RSI) at roughly 55 leans to the topside but remains shy of overbought territory, hinting at constructive yet not overstretched momentum.

On the topside, initial resistance emerges at the downward resistance trend line break price near 1.3528, and a daily close above this barrier would open the way for a more sustained advance. On the downside, immediate support is provided by the 20-day EMA at 1.3344, and a drop back below this moving average would ease the current bullish tone and expose deeper pullbacks toward the June 30 low at 1.3212.

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

Economic Indicator Gross Domestic Product (MoM) The Gross Domestic Product (GDP), released by the Office for National Statistics on a monthly and quarterly basis, is a measure of the total value of all goods and services produced in the UK during a given period. The GDP is considered as the main measure of UK economic activity. The MoM reading compares economic activity in the reference month to the previous month. Generally, a rise in this indicator is bullish for the Pound Sterling (GBP), while a low reading is seen as bearish.

Read more.

Key Takeaways Apple initiated legal action against OpenAI in California federal court, claiming trade secret misappropriation and contractual violations Tang Yew Tan, ex-hardware executive at Apple, is accused of transferring supplier information and instructing candidates to bring confidential Apple components to job interviews Chang Liu, a former Apple engineer, allegedly retained company equipment after departure and accessed sensitive files OpenAI reportedly demonstrated Apple’s exclusive metal-finishing process to a third-party manufacturer without authorization Industry experts suggest the litigation may hinder OpenAI’s consumer device roadmap and strain its collaborative ties with Apple The Cupertino-based tech giant launched legal proceedings against OpenAI this past Friday, alleging systematic theft of confidential information and violation of existing agreements. The complaint was submitted to the U.S. District Court for the Northern District of California.

$AAPL sued OpenAI in federal court, alleging trade secret theft tied to OpenAI’s consumer hardware push.

Apple named OpenAI hardware chief Tang Tan and former Apple engineer Chang Liu in the suit, alleging confidential hardware files and unreleased product materials were taken.… pic.twitter.com/qJKR7X6vDq

— Wall St Engine (@wallstengine) July 11, 2026

The legal action marks a dramatic shift in relations between the two technology leaders, who established a collaborative arrangement in 2024 integrating ChatGPT functionality into iOS. This partnership has now devolved into courtroom confrontation.

The Allegations in Detail At the heart of Apple’s complaint stands Tang Yew Tan, who spent nearly a quarter-century at the iPhone maker working on design initiatives for flagship products including the iPhone and Apple Watch. Tan later established io Products, a hardware development firm that OpenAI purchased for approximately $6.5 billion last year.

According to the filing, Tan systematically transferred sensitive supplier data to his private email account during his final days at Apple. The lawsuit further claims he provided guidance to prospective OpenAI hires on circumventing Apple’s exit protocols and explicitly directed interview candidates to transport unreleased Apple components—such as battery systems, circuit boards, and integrated System-in-Package technology—to OpenAI facilities as demonstration materials.

The complaint also names Chang Liu, who served as a senior systems electrical engineer at Apple. The filing asserts Liu retained an Apple-issued computing device following his transition to OpenAI and subsequently utilized it to extract proprietary technical documentation.

A third accusation centers on manufacturing processes. Apple contends that OpenAI showcased a confidential metal surface treatment methodology to an external manufacturing collaborator while falsely implying Apple had granted permission for such disclosure.

OpenAI has categorically rejected these accusations. In an official response, the company stated: “We have no interest in other companies’ trade secrets.”

Implications for OpenAI’s Device Strategy The timing of this lawsuit is particularly significant for OpenAI’s broader ambitions. The artificial intelligence company has publicly acknowledged its intention to enter the consumer hardware market, with industry sources describing products including a screenless wearable device and an intelligent camera-enabled speaker system. Development timelines for certain products have reportedly shifted into early 2027.

The legal process will now grant Apple extensive access to OpenAI’s hardware development operations during a pivotal phase. Should Apple secure preliminary injunctive relief, it could effectively halt progress on OpenAI’s entire device initiative.

Industry analyst Paolo Pescatore commented to Reuters: “Even if the allegations are not proven, the lawsuit could delay OpenAI’s hardware ambitions and further weaken what is already becoming an increasingly fragile partnership.”

The legal battle also coincides with a major transition in Apple’s executive structure. Tim Cook is scheduled to assume the role of executive chairman on September 1, transferring CEO responsibilities to John Ternus, who currently oversees hardware engineering operations.

Apple’s legal filing requests judicial intervention to prevent OpenAI from retaining or utilizing any allegedly misappropriated materials and demands their immediate return.

Legal proceedings are anticipated to extend through multiple procedural phases in the coming months. Despite their current dispute, both organizations recognize a fundamental truth: the battle to define the next generation of consumer computing platforms is unfolding in real time.

July 13, 2026 06:45 ET  | Source: Brookfield Corporation

BROOKFIELD, NEWS, July 13, 2026 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) will host its second quarter 2026 conference call and webcast on Thursday, August 13, 2026, at 10:00am (ET).

Results will be released that morning at approximately 7:00am (ET) and available on our website at https://bn.brookfield.com/events-news/press-releases

Participants can join by conference call or webcast:

Conference Call

Please pre-register by conference call:
https://register-conf.media-server.com/register/BI33fe6ec1392e4d5b96be7ae5bf3808cf Upon registering, you will be emailed a dial-in number, and unique PIN. This process will bypass the operator and avoid the queue. Webcast

Please join and register by webcast: https://edge.media-server.com/mmc/p/54f6ymvpReplay of the event is available on the above webcast link for 90 days. About Brookfield Corporation

Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Asset Management, Wealth Solutions, and our Operating Businesses which are in infrastructure, energy, private equity, and real estate.

We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities. At the center of our success is the Brookfield Ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN).

For more information, please visit our website at bn.brookfield.com or contact:

8.76K Followers

Analyst’s Disclosure: I/we have a beneficial long position in the shares of NBIS either through stock ownership, options, or other derivatives. 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.

, /PRNewswire/ -- Hut 8 Corp. (Nasdaq, TSX: HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies, today announced it will release financial results for the second quarter of 2026 before the market opens on August 4, 2026. The Company will host a conference call and webcast to review the results on the same day at 8:30 a.m. ET.

Conference Call and Webcast Details

Date: Tuesday, August 4, 2026
Time: 8:30 a.m. ET

To register for the webcast, use the following link: https://app.webinar.net/aA6jEPYlwy5.

Supplemental Materials and Upcoming Communications

For important news and information regarding the Company, including investor presentations and timing of future investor conferences, visit the Investor Relations section of the Company's website, hut8.com/investors, and its social media accounts, including on X and LinkedIn. The Company uses its website and social media accounts as primary channels for disclosing key information to its investors, some of which may contain material and previously non-public information.

About Hut 8

Hut 8 is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies such as AI, high-performance computing, and ASIC compute. The Company develops, commercializes, and operates industrial-scale energy and data center infrastructure through a power-first, innovation-driven approach. For more information, visit hut8.com.

SOURCE Hut 8 Corp.

13.7.2026 13:48

EUR/USD 1,1428 (euro posiluje o 0,13 %)
USD/CZK 21,22 (dolar oslabuje o 0,06 %)
EUR/CZK 24,25 (euro posiluje o 0,05 %)
GBP/CZK 28,38 (libra oslabuje o 0,19 %)
CHF/CZK 26,21 (frank oslabuje o 0,15 %)
PLN/CZK 5,6087 (zlotý posiluje o 0,21 %)

Zdroj: Reuters

Marek Krejčiřík
Fio banka, a.s.
Prohlášení

Vertical Aerospace ("Vertical" or the "Company") (NYSE: EVTL), a global aerospace and technology company that is pioneering electric aviation, today provided a

Every company needs working capital, particularly to get things going. Space Exploration Technologies (SPCX 4.51%) is no exception.

The timing and scope of SpaceX's most recent fundraising, however, are a bit of a red flag. We're not talking about SpaceX's mid-June initial public offering, which raised proceeds of $85.7 billion when demand exceeded the $75 billion worth of stock it originally intended to issue.

Surprise! Without nearly as much fanfare as that surrounding the record-breaking June 12 IPO, late last month SpaceX issued $25 billion in bonds with maturity dates extending all the way out to 2056. The primary purpose of these funds was to fully pay off its bridge loan, which stood at $20 billion as of the end of March. Any remaining proceeds were earmarked for "general corporate purposes," although nearly $10 billion more in other debt-based financing remains on the company's balance sheet.

Image source: Getty Images.

This begs the (not entirely rhetorical) question: Why didn't the company just sell enough stock less than two weeks earlier to eliminate this debt entirely? It certainly wasn't a lack of demand, or pricing power, or availability of shares to issue. SpaceX is now a $2 trillion behemoth, with only a tiny fraction of the company now publicly traded.

More to the point, perhaps the bond sale should have been disclosed -- even if only as a possibility -- prior to the public offering, particularly given that SpaceX is going to remain in the red for a while and is likely to raise more money in the foreseeable future. That was the case when CEO Elon Musk was turning Tesla into an electric vehicle titan, anyway.

That's not the only curveball SpaceX shareholders were thrown since its IPO, either. Shortly after its initial public offering, the company also disclosed its intent to acquire Anysphere, the parent company of AI coding specialist Cursor, for $60 billion, payable in stock. Again, it's material information that could have been -- and arguably should have been -- disclosed to investors prior to the public offering, given how few shares are now issued and outstanding.

Today's Change

(

-4.51

%) $

-6.87

Current Price

$

145.29

Ordinary shareholders aren't in charge There's nothing illegal, atypical, or untoward about any of it. Companies acquire other companies. Young companies are often unprofitable at the beginning and need cash, which is often supplied by the sale of stock at a bargain relative to that ticker's long-term potential.

The worry here, rather, is the lack of transparency that's already evident in just the first few days of SpaceX's existence as a publicly traded entity. It hasn't yet earned the leeway with investors to make a major acquisition at a price three times last year's revenue. The company's not yet deserving of the right to simply turn a bridge loan into a long-term debt burden that could be difficult for the unprofitable outfit to service with actual operating profits anytime soon.

Yet, that's exactly what's happened.

Shareholders should be hoping this sort of unilateral, unchecked decision-making doesn't remain the norm. Given that Musk controls over 80% of total shareholder voting rights, however, there's little that investors could do if it does.

In a dazzling display of market enthusiasm last month, Space Exploration Technologies (SPCX 4.51%) completed the largest initial public offering (IPO) in history. Debuting at $150 per share, SpaceX was instantly propelled into the ranks of the world's most valuable companies.

The historic event reflected genuine excitement over the company's ability to lower the cost of putting satellites into orbit through reusable rocket technology, its expanding Starlink constellation, and an emerging role in the artificial intelligence (AI) landscape.

Supported by synergies from xAI and Cursor, these factors painted a picture of a company uniquely positioned to dominate not only launch services but also the data and connectivity layers that underpin modern society.

Image source: Getty Images.

SpaceX's post-IPO reality check Within a month of going public, SpaceX's stock has now slipped below its $150 debut price, and the company's market capitalization has contracted by roughly $1 trillion from its highs. At the post-IPO peak, SpaceX commanded a $2.9 trillion market value -- a valuation that was undoubtedly stretched relative to its current revenue and inconsistent profitability.

Much of the selling pressure stemmed from a sober reassessment of the company's business model, which features heavy capital expenditures (capex) required to increase Starship production and Starlink deployments. Some investors also have doubts about the speed and scale at which the company can complement existing product lines with meaningful AI-driven revenue.

SPCX Market Cap data by YCharts

This fueled a typical post-IPO pattern: Momentum investors and day traders who had piled into the IPO for a quick pop began locking in gains, amplifying downward pressure and leaving unsuspecting investors holding the bag.

Tailwinds pointing toward a recovery in SpaceX stock The same dynamics that fueled SpaceX's original surge could be the recipe for a credible path to recovery. SpaceX's vertically integrated model -- managing rocket design, manufacturing, launch cadence, and satellite production -- gives the company an edge when it comes to cost discipline and product iteration speed. This reduces the need to rely on external suppliers and accelerates the timeline for routine, low-cost heavy-lift capability with Starship.

Recent AI-focused agreements with Anthropic, Google Cloud, and Reflection further strengthen the bull case. These partnerships carry more than headline value; they provide tangible validation that established AI developers recognize the value of collaborating with SpaceX.

By combining Starlink's global, low-latency network with AI model deployment and edge computing, these collaborations help counter the notion that SpaceX cannot evolve into a serious player in AI infrastructure. Instead, they position the company as a core connectivity backbone for distributed AI workloads.

Against this backdrop, AI is becoming a natural extension of SpaceX's core segments: advancing space exploration through intelligent autonomy, expanding connectivity through low-orbit satellites, and ultimately reshaping telecommunications networks that legacy terrestrial carriers struggle to replicate.

How should you approach investing in SpaceX stock?

Today's Change

(

-4.51

%) $

-6.87

Current Price

$

145.29

Investors weighing a position in SpaceX stock should exercise measured patience rather than hoping for a quick rebound. Although the pullback from its post-IPO highs has created a more attractive entry point, sentiment rarely reverses on a dime after such a dramatic retreat.

Operational milestones will be required before broader investor confidence returns, especially from institutional capital. These catalysts are more realistically recognized during the course of several quarters than in mere weeks.

Adopting a multiyear investment horizon makes the most sense. During this time frame, the compounding effects of lower launch costs, global broadband expansion, and AI-enabled services have a better chance of materially increasing revenue and expanding profit margins. The prudent way to invest in SpaceX stock is through dollar-cost averaging, committing capital across market cycles rather than attempting to time a bottom and going all-in. This strategy mitigates the inherent volatility that comes with investing in a high-growth, capital-intensive business.

Short-term traders will likely continue driving price swings. In the long run, however, the current environment favors disciplined investors who remain focused on SpaceX's gradual transformation over those who make speculative bets on an imminent turnaround.

Getty Images

Listen below or on the go via Apple Podcasts and Spotify

Apple sues OpenAI, former employees. (00:13) This strike could cost Hyundai. (01:32) Wall Street is craving CAKE. (02:31)

This is an abridged transcript.

Apple (AAPL) filed a civil suit against OpenAI (OPENAI) and former employees for misappropriation of trade secrets on Friday.

The case comes as OpenAI is also in the midst of pursuing its own line of AI-powered devices.

Apple alleged OpenAI used former and current Apple employees to steal confidential hardware designs and confidential information of unreleased technologies, processes and products. It also alleges that the misconduct was orchestrated by OpenAI's leadership.

Apple is seeking an injunction to prevent two former employees from destroying any evidence and to return all confidential information. The company is also suing for monetary damages related to the alleged thefts.

This story took a twisted turn over the weekend when Elon Musk jumped in. He called Sam Altman “Scam Altman” again. Altman fired back saying ″[T]here are a lot of benchmarks that suggest 5.6 sol is the best model in the world right now, but the most reliable way to tell is that elon is obsessed with me again,” Altman wrote on X.

5.6 sol is OpenAI’s new model.

Hyundai Motor (HYMTF) workers began a three-day partial strike on Monday after wage negotiations with management ended without an agreement.

The union is demanding larger bonuses, higher wages, and stronger job protections.

The production workers at South Korea's largest automaker are walking off the job two hours before the end of their scheduled shifts through Wednesday. Union leaders are set to meet Thursday to determine their next steps while continuing negotiations with management.

The union stated, "Management has not made a responsible decision regarding our core demands, and has also betrayed the members' expectations regarding additional wage-related items," adding that they would "go their own way."

According to Yonhap News, the strike could result in production losses exceeding 18.7B won per hour, which is about $12M.

Hyundai said it has limited room to increase compensation after operating profit declined about 19.5% last year.

Shares of The Cheesecake Factory (CAKE) hit record high with the help of a price target hike from Citi Research.

The restaurant’s newly launched mobile app, expanding rewards program, and its free slice promo all “may be enough to return Cheesecake Factory to positive traffic,” analyst Jon Tower said in his note to clients.

Tower also cites a more engaging social media strategy, a growing relevance with younger customers, and the re-emergence of shopping malls as an entertainment destination will also amplify a firmer same-store sales trajectory.

Citi Research views The Cheesecake Factory (CAKE) as a Buy with a new price target of $90, an 18% increase from the prior PT.

What’s Trending on Seeking Alpha

SK Hynix slides 12% in Seoul as investors lock in post-Nasdaq profits

SpaceX sheds 35% from post-IPO peak one month after record debut

Which companies reporting earnings this week show the strongest bullish signals?

Stock index futures are lower before the opening bell. Tensions in the Middle East intensified after Washington and Tehran exchanged military strikes.

Crude oil is up 2.1% at $72. Bitcoin is down 1.1% at $63,000. Gold is down 1.2% at $4,071.

The FTSE 100 is little changed and the DAX is up 0.3%.

One stock on the biggest movers list: SK Hynix (SKHYV) -10% - Shares slid after the company's record-breaking $26.5B Nasdaq ADR debut.

Economic calendar:

12:30 pm Fed's Christopher Waller speaks on the economic outlook in conversation before the New York Association for Business Economics.

Meta's massive Hyperion data center project in rural Louisiana is getting much bigger and costlier, with a big assist from the state's government.

The company said in a blog post on Monday that the site in Richland Parish, Louisiana — home to what will be Meta's largest data center — will be a 5GW facility and cost over $50 billion. That's higher than the $27 billion figure that was revealed in October, when Meta and Blue Owl Capital formed a joint venture to help with the buildout and management of the facility, originally planned as a 2GW data center.

As Meta pursues its multi-hundred-billion-dollar buildout artificial intelligence buildout, the company and hyperscaler rivals Microsoft, Alphabet and Amazon are taking advantage of tax rebates and energy deals being offered by states that are fighting to get a piece of the AI boom.

In late 2024, Louisiana Republican Governor Jeff Landry signed into law a 20-year sales tax exemption for data centers built before 2029 as part of an effort to court Meta in the state, CNBC previously reported. Landry is set to host a press event on Monday in Baton Rouge.

"I'm a business guy," Landry told CNBC in an interview last year. "What we know is when you look at the overall comprehensive package here, it's in the black. For local government, and the state, and how you get to the bottom line is irrespective to me."

Meta is expanding the project as it seeks to build out enough AI infrastructure to meet demand. The announcement comes after Meta had its best week on the stock market since early 2024 following the release of two major AI models under the leadership of AI chief Alexandr Wang, head of Meta Superintelligence Labs. Investors have been looking for the company to start showing returns on its outsized AI investments.

Meta said in Monday's post that the company "pays the full costs of the energy, water, and related infrastructure the data center uses so consumers aren't paying the cost." Since construction of the Louisiana data center began in December 2024, local businesses have received over $1.6 billion in contracts from Meta, the company said.

"With this expansion, we will be investing over $1 billion in local infrastructure improvements, including roads, water and wastewater systems," Meta said in the post. The company didn't announce a financial partner for the expansion.

When the project began, the estimated price tag was $10 billion. CEO Mark Zuckerberg said in a Facebook post roughly six months later that the supercluster, named Hyperion, would be "able to scale up to 5GW over several years." Unlike traditional data centers, superclusters are packed with graphics processing units and related cutting-edge hardware tailored for AI workloads.

"Meta Superintelligence Labs will have industry-leading levels of compute and by far the greatest compute per researcher," Zuckerberg wrote.

A Meta spokesperson told CNBC that the Hyperion project should reach 2GW by 2030, but there's no timeline for when the full 5GW project will be completed.

WATCH: Meta rebound should continue through July.

watch now

The company scaled up the size of its massive data-center project in Northeast Louisiana to 5 gigawatts of compute capacity and said it would now cost more than $50 billion.