Apple žaluje OpenAI kvůli údajnému zneužití obchodního tajemství a chce soudně zakázat používání svých důvěrných informací. Spor míří na hardware a může zbrzdit ambice OpenAI v AI zařízeních.
Apple's decision to sue OpenAI marks one of the biggest legal confrontations yet in the artificial intelligence industry, transforming what was once a strategic partnership into an increasingly bitter rivalry.
The iPhone maker alleges that OpenAI systematically acquired Apple trade secrets to accelerate its ambitions in AI hardware, accusing the ChatGPT creator of using former employees, recruiting tactics, and supplier relationships to gain access to confidential information.
The lawsuit filed on Friday comes at a time when the battle in artificial intelligence is expanding beyond software models into consumer devices, making hardware the next major competitive frontier.
Here is a closer look at what Apple's lawsuit is about, why it matters, and what it could mean for the AI industry.
Apple's complaint alleges that OpenAI orchestrated a broad campaign to obtain confidential information relating to Apple's unreleased technologies, manufacturing processes, and products.
According to the lawsuit, OpenAI relied heavily on former Apple employees and supplier relationships to accelerate development of its own hardware products.
"Recently, significant evidence has emerged suggesting individuals employed by OpenAI wrongfully took Apple's secret and confidential information regarding our unreleased technologies, processes, and products," an Apple spokesperson said.
OpenAI has denied the allegations.
"We have no interest in other companies' trade secrets," OpenAI spokesperson Drew Pusateri said.
"We remain focused on building innovative technology that empowers people everywhere."
Apple is seeking a court order preventing OpenAI from possessing or using its confidential information and wants the AI company to return any Apple intellectual property it may possess.
The lawsuit represents a remarkable reversal in the relationship between the two companies.
In 2024, Apple announced a major partnership with OpenAI that integrated ChatGPT into iPhones, iPads, and Macs as part of its Apple Intelligence initiative.
That alliance, however, has steadily weakened.
Last month, Apple unveiled a revamped Siri powered by Google's Gemini AI model rather than ChatGPT, signalling a shift in its AI strategy.
Meanwhile, OpenAI has increasingly moved toward building its own consumer hardware ecosystem.
The turning point came when OpenAI agreed to acquire io Products, the hardware startup founded by legendary former Apple designer Jony Ive, in a deal valued at $6.4 billion.
The acquisition made clear that OpenAI intended to compete directly in hardware rather than simply provide AI software.
"OpenAI's nascent hardware business now rests on the shakiest of foundations, rotten to its core by its illegal reliance on misappropriated trade secrets," Apple said in its complaint.
Much of Apple's complaint focuses on former executives who later joined OpenAI.
Among those named is Tang Tan, OpenAI's chief hardware officer and a former Apple vice president.
Apple alleges Tan directed Apple employees interviewing with OpenAI to disclose confidential information.
"He has directed job candidates still working for Apple to bring 'actual parts' from Apple to their interviews for 'show and tell' sessions in which he and his team at OpenAI can elicit still more Apple confidential information," Apple alleged.
The lawsuit also names former Apple employee Chang Liu, alleging he stole an Apple laptop before joining OpenAI.
According to the lawsuit, Liu allegedly left Apple with three key assets: a company-issued MacBook that was never returned, an ongoing relationship with an Apple employee who continued sharing internal information, and, most significantly, knowledge of a software flaw that gave him continued access to Apple's internal file servers.
"LOL, I found out I can access the (network storage), so funny," Liu allegedly wrote to his former Apple colleague, Alyssa Peng, Bloomberg reported.
Liu then used that access to download presentations, hardware designs, manufacturing details and testing procedures – while already working at OpenAI, Apple alleges.
According to Apple, OpenAI also coached departing employees on how to avoid Apple's internal security procedures when leaving the company.
The complaint notes that more than 400 former Apple employees now work at OpenAI.
"That OpenAI now employs people who were once entrusted with Apple's trade secrets does not entitle OpenAI to use that information to jumpstart its hardware efforts," Apple wrote.
The complaint goes beyond employee recruitment.
Apple alleges OpenAI sought confidential information from Apple's manufacturing partners and suppliers.
One allegation claims OpenAI asked a hardware supplier to reproduce a proprietary metal-finishing technique developed by Apple while leading the supplier to believe Apple had authorised the work.
The company also claims that Tang Tan carried confidential information relating to Apple suppliers after leaving the company.
Apple said it first raised concerns with OpenAI in February, writing to the company about what it believed was the misuse of confidential information.
According to the complaint, OpenAI did not respond.
The lawsuit reflects a broader shift underway in artificial intelligence.
While AI companies initially competed by building increasingly powerful language models, attention is now turning toward dedicated AI devices that could reduce dependence on smartphones.
OpenAI's acquisition of Jony Ive's startup signalled ambitions to create new categories of AI hardware.
For Apple, whose business remains centred around the iPhone, such efforts represent a potential long-term competitive threat.
"Apple sees OpenAI moving from partner to potential rival, while OpenAI is trying to reduce its dependence on the iPhone and build a direct relationship with consumers," PP Foresight analyst Paolo Pescatore told 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."
Does Apple have a history of such lawsuits?Yes.
Apple has previously taken legal action against former employees whom it believed misused confidential information.
In 2019, it sued former chief chip architect Gerard Williams III after he left to establish semiconductor startup Nuvia.
Apple eventually dropped that case in 2023.
The current lawsuit also recalls one of the company's most famous legal battles under Steve Jobs.
Jobs famously described Google's Android operating system as "a stolen product" and vowed to wage "thermonuclear war" against it.
According to accounts published at the time, Jobs said he would "spend every penny of Apple's $40 billion in the bank, to right this wrong."
Some observers see Apple's action against OpenAI as a similar attempt to slow an emerging competitor before it can reshape the consumer technology landscape.
Legal experts say Apple has raised serious allegations, but proving them may not be straightforward.
Mark Lemley, a professor at Stanford Law School, said the case could become significant if Apple can demonstrate that confidential documents were actually taken and used.
"But if Apple's claims that the employees took confidential documents with them — and that OpenAI is using those documents — are true, that is a problem for OpenAI," Lemley said in a Reuters report.
At the same time, he noted that hiring former employees is not illegal in California, where employment laws have historically encouraged labour mobility.
Rutgers Law School professor Camilla Hrdy said the dispute could prove unusually complex because most previous AI trade-secret cases have focused on software rather than hardware.
"These trade secret lawsuits are frequently brought in the tech space, and we usually learn much, much more as the case develops. OpenAI is not a defendant that can't afford to defend itself," Hrdy said.
Regardless of the eventual outcome, the lawsuit underscores how the AI race is rapidly expanding beyond algorithms into hardware, manufacturing and intellectual property, making the competition between technology giants increasingly resemble the smartphone wars that defined the previous decade.
Uber ve Washingtonu, D.C. lobbuje za pravidla, která by robotaxi musela fungovat v hybridní síti s lidskými řidiči, a tím se dostává do sporu s Waymo. Návrh zákona zároveň počítá s poplatkem 0,15 USD za míli.
A proposed bill that would allow autonomous vehicles to operate in Washington, D.C. has become a test case for Uber’s broader robotaxi strategy. Instead of simply partnering with, and investing in, robotaxi developers, Uber is also trying to shape the rules that govern them, an effort that puts it in direct opposition with its business partner, Waymo.
Uber, which opposes the bill, argues the proposed rule would displace for-hire human drivers and hand Waymo a de facto monopoly. It has lobbied instead for a system that would require robotaxis to operate on a ride-hailing network that also uses human drivers, according to public records viewed by TechCrunch and interviews with industry and company sources.
“We have already seen in other jurisdictions how a flawed, first-party only regulatory approach can disrupt a city,” Javi Correoso, who leads U.S. policy and federal affairs for Uber, said in May during a D.C. Council roundtable on a separate, existing statute regulating for-hire drivers. Correoso argued at the time that robotaxis create congestion by idling or cruising empty, cannot provide the kind of physical assistance to older or disabled adults that human drivers can, and cited data that states one AV displaces roughly four drivers.
When asked about the hybrid model, Correoso shared Uber’s regulatory vision.
“Hybrid model means that consumers should have the ability to access both. If a consumer is on the app, they should be able to choose,” he said, according to a publicly available recording and transcript. “I would go a step further: I think it should be part of the regulatory framework for the industry. There should be a requirement for consumers to be able to take an Uber that’s driven by a human.”
Alphabet-owned Waymo contends the bill, which it backs, will allow for the safe deployment of autonomous vehicles while supporting public transit, equitable access, and workers without restricting companies like Uber.
The two companies will pitch their positions on Monday during a day-long hearing. The bill’s passage is not imminent — many parties told TechCrunch they hope legislation is approved before the end of the year, and before Washington, D.C. Mayor Muriel Bowser leaves office in January. Still, the arguments and lobbying efforts surrounding the bill reflect a broader debate that stretches beyond Washington, D.C.
The proposed AV bill The bill, which was introduced by Councilmember Charles Allen in May, would update the existing Autonomous Vehicle Act of 2012 to allow for driverless testing and commercial driverless operations within the district. Today, companies like Waymo and Zoox can test autonomous vehicles, but only with a human safety operator behind the wheel.
The proposed bill would give the District Department of Transportation (DDOT) the authority to issue driverless testing and deployment permits to AV developers that meet certain requirements. Such requirements include holding a minimum of $5 million in liability insurance, and agreeing to report crash data within either eight hours or 72 hours, depending on whether the vehicle is part of a commercial fleet or a privately owned AV (which doesn’t yet exist in the market).
The bill would also charge robotaxi operators a $0.15 per mile tax, a proposal that robotaxi advocates have argued is too expensive. Revenue from the “vehicles miles traveled” (VMT) tax would be split, with 50% going toward public transit and the remaining used to support education and workforce development for rideshare and taxi drivers at risk of losing their jobs to robot cars.
Uber and Waymo are not the only parties interested in the bill. Numerous organizations and companies, including representatives from Tesla, Lyft, the Teamsters and Service Employees International Union labor unions, disability rights and accessibility advocacy groups, local business and industry groups, highway safety proponents, government officials, and think tanks are all scheduled to speak during Monday’s hearing.
The bill has even prompted an anti-robotaxi campaign, launched by a New York-based organization called Coalition for Accountability and Road Safety, which is canvassing voters and posting on social media.
It’s unclear who is funding the organization, which is registered to an employee of Pitta Bishop & Del Giorno LLC, a New York lobbying and government affairs outfit affiliated with labor and employment law firm Pitta LLP. According to publicly available lobbying documents listed by the city, Pitta has been retained over the past year by several labor unions and the New York Black Car Operators’ Injury Compensation Fund.
The stakes are high for all robotaxi developers, human drivers, and the ride-hailing and taxi companies that employ them in D.C. It’s arguably elevated for Uber and Waymo too, given their considerable market positions. Uber is the largest ride-hailing and delivery network in the United States, and Waymo is the largest robotaxi operator, providing more than 500,000 rides each week across 11 cities.
If Uber is successful and its hybrid network idea is adopted in D.C. — or elsewhere — it would leave AV developers like Waymo with two choices: put their robotaxis on ride-hailing apps like Uber’s, or employ human drivers who provide ride-hailing services alongside the robot cars that have taken years and hundreds of millions of dollars to develop.
If Waymo and other supporters of the D.C. bill are successful, Uber argues it will be pushed out altogether.
Protect and expand Image Credits:Uber/Lucid/Nuro The bill is a local policy fight, but it also highlights one prong of Uber’s strategy to protect its leading position in the ride-hailing and delivery market.
Uber is actively investing in and partnering with autonomous vehicle technology companies — more than 30 globally — while also building AV Labs, a new business unit designed to collect and share real-world driving data with AV developers. The company is hiring dozens of engineers for the division, according to job listings and interviews with sources familiar with the effort.
While Uber stakes its claim in the AV market, it is also championing protective policies that would require autonomous vehicles to operate alongside human drivers within a single platform — much like the Uber app.
Uber’s investment and partnership activity has been underway for several years. The company’s push for a hybrid network is recent, first emerging in a white paper published in May. Since then, Uber has ramped up its rhetoric with policymakers, including the D.C. Council roundtable meeting in May to discuss updates to the district’s Vehicle-for-Hire Innovation Amendment Act of 2014. (That law, which regulates ride-hailing and taxi services through the Department of For-Hire Vehicles, is separate from the AV bill, but multiple sources told TechCrunch that the policies overlap.)
Uber submitted a letter to the D.C. Council in June, which TechCrunch has seen, elaborating on Uber’s policy chief Correoso’s earlier comments. The letter stated the hybrid approach would be a single transportation network with traditional drivers that gradually incorporates autonomous vehicles.
“What this means in practice is that if you call an Uber in a market with AVs, you might get matched with an AV or a human driver, depending on the nature of your trip,” the letter reads.
In D.C., Uber is responding to a bill that would effectively ban hybrid networks altogether, company spokesperson Noah Edwardsen told TechCrunch.
Waymo disputes that interpretation, and a representative for the company said Waymo does not support efforts to limit AVs to specific types of networks. “We would welcome changes clarifying that different types of networks can operate in the District,” Waymo spokesperson Ethan Teicher wrote in an emailed statement sent to TechCrunch.
More broadly, Edwardsen said Uber has never taken a one-size-fits-all approach to policy, contrasting it to “advocacy from parts of the AV industry today, where proposals have repeatedly failed to address important issues like labor and transportation equity — or that have tried to cynically lock out competitors and create monopolies — making them largely unworkable.”
While numerous industry insiders have criticized aspects of the D.C. bill — notably the VMT tax and proposed cap on robotaxis — some disagree with Uber’s hybrid proposal.
Greg Rogers, founder and executive director of the nonprofit mobility and tech think tank The Innovation Majority, is scheduled to speak at Monday’s hearing, and he called Uber’s move an attempt at “regulatory capture.”
“Mobility is already a marketplace — people already can make choices on whether to take a bus, or ride a bike, or walk, or take rideshare every day,” Rogers told TechCrunch in an interview. “And any argument that you can improve consumer welfare by forcing certain business models and canceling out others does not improve people’s mobility choices. It does not improve road safety, and what it risks is only further entrenching interests and charging rent on anyone who seeks to operate AVs in the district.”
Uber’s pro-driver, ”let’s compromise” positioning may surprise close followers of the ride-hailing company. The company’s early history was painted by an anti-regulation ethos that sought out loopholes within existing laws, or ignored them altogether.
Uber often opposed union-supported regulations, like AB 5 in California, which would have disrupted its asset-light business model by classifying gig workers as employees. Proposition 22, a 2020 ballot initiative passed by voters and upheld by the California Supreme Court, was backed by Uber, Lyft, and others as a compromise that gave workers access to health insurance and other benefits while maintaining their contractor status.
Those fights, and others like it, have taught Uber that it has to consider human workers, and the power of labor unions that support them, if it wants to play a central role in the robotaxi market, according to sources. Uber’s own chief operating officer Andrew Macdonald struck a similar we-learned-our-lesson tone in a LinkedIn post in May that promoted its white paper.
Macdonald noted that the consequences of the company’s grow-at-all-costs approach led to “regulatory battles and a corporate crisis that damaged trust for years. “
“That experience changed us,” he wrote. “Today, we partner with cities instead of confronting them.”
Uber argues its hybrid network proposal is that compromise — one that allows robotaxis and human drivers to coexist on the same platform while easing labor concerns.
The company is committed to pitching the idea in other cities and states as lawmakers develop new AV laws or update existing ones.
Wired published its own report detailing lobbying efforts in New Jersey and D.C.
Uber’s stance, and its active lobbying, puts it on a collision course with Waymo.
Frenemies Image Credits:Waymo/Uber Waymo and Uber have squared off over autonomous vehicle technology before.
In 2017, Waymo sued Uber over allegations of trade secret theft. The high-profile trial, in which Waymo accused Uber of using trade secrets downloaded by former Google engineer Anthony Levandowski, delivered memorable testimony and evidence, including phrases like “laser is the sauce.” The trial lasted just five days before Uber agreed to settle, and the two companies stopped sparring, at least publicly.
Six years later, with Uber’s in-house AV development program sold off to Aurora, the former courtroom rivals teamed up. Waymo agreed to put its self-driving vehicles on Uber’s app in Phoenix in 2023. That partnership, which quietly ended in May, has been described as limited and as a “pilot.” Waymo also operates its own stand-alone app in Phoenix, its first robotaxi market.
The relationship seemed to solidify by March 2025, when company executives — grasping mugs of prickly pear margaritas and plates of Terry Black’s barbecue at a private party — celebrated the launch of Waymo robotaxis on the Uber app in Austin during the annual music, film, and tech fest, SXSW. The partnership soon expanded to Atlanta. In both of those cities, prospective customers cannot hail a robotaxi directly through Waymo’s app, and have to use the Uber app and hope for a match.
In recent months, the relationship has soured — and publicly.
Earlier this year, Uber chief technology officer Praveen Neppalli openly criticized Waymo on X, posting a video and commentary calling out the unsafe and “scary” behavior of a Waymo robotaxi. During an earnings call in May, Uber chief executive Dara Khosrowshahi directed comments toward Waymo without directly naming the company when he expressed support for regulators.
“They’re asking the right questions, which is how are AVs going to interact with — in situations where the power goes out or interacting in school zones or working with firefighters, etc. in the city,” said Khosrowshahi, referring to recent incidents that involved Waymo robotaxis.
The tension between Waymo and Uber has even gone global, with both companies poised for a looming showdown in London.
As speculation swirls over when Uber and Waymo’s existing partnerships in Austin or Atlanta will implode, both companies are gearing up for a regulatory fight that appears poised to spill into other cities and states.
Uber is betting, and lobbying for, a different future than the one Waymo envisions.
“We think the future of our transportation system will be hybrid,” Uber’s head of AV policy Harry Hartfield said in testimony submitted ahead of Monday’s meeting. “Public policy should be designed around that reality, not around an AV-only future that does not exist.”
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Netflix zveřejní výsledky za 2. čtvrtletí po uzavření trhu ve čtvrtek 16. července; analytici čekají zisk 79 centů na akcii a tržby 12,58 miliardy USD.
Netflix, Inc. (NASDAQ:NFLX) will release its second quarter earnings report after the closing bell on Thursday, July 16.
Analysts expect the Los Gatos, California-based company to report quarterly earnings of 79 cents per share, up from 72 cents per share in the year-ago period. The consensus estimate for Netflix’s quarterly revenue is $12.58 billion. It reported $11.08 billion last year, according to Benzinga Pro.
According to the Wall Street Journal, Netflix is exploring options to boost subscriber engagement.
Shares of Netflix fell 2.8% to close at $73.37 on Friday.
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 NFLX stock? Here’s what analysts think:
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MEXC rozšiřuje nabídku tokenizovaných akcií a ETF Ondo o pět nových párů, včetně SOXLON/USDT, SOXSON/USDT, HALON/USDT a CORZON/USDT. Na spotový trh přidá také SKHYON/USDT sledující SK hynix (Nasdaq: SKHY).
MEXC, a pioneer in 0-fee digital asset trading, announced the addition of five Ondo tokenized stock and ETF trading pairs to its spot market, the latest expansion of its ongoing collaboration with Ondo Finance. The new pairs cover the semiconductor, energy and AI infrastructure sectors, expanding the range of tokenized U.S. equities available to users and allowing them to trade these assets using USDT.
The trading pairs include tokenized stocks and ETFs tracking Direxion Daily Semiconductor Bull 3X ETF (SOXLON/USDT), Direxion Daily Semiconductor Bear 3X ETF (SOXSON/USDT), Halliburton (HALON/USDT) and Core Scientific (CORZON/USDT), all now open for trading on MEXC’s spot market.
SK hynix completed its Nasdaq listing on July 10, 2026, raising $26.5 billion in one of the largest U.S. listings this year, with shares initially trading under the ticker SKHYV before switching to SKHY on July 13, 2026. The company is a leading global supplier of high-bandwidth memory (HBM) chips, a component in high demand amid the expansion of AI infrastructure. To meet user demand for trending U.S. stocks, MEXC will add SKHYON/USDT, tracking SK hynix (Nasdaq: SKHY), to the spot market at 13:30 on July 13, 2026 (UTC).
Ondo Finance focuses on bringing traditional financial assets on-chain through compliant infrastructure, allowing users to access assets such as U.S. Treasuries, stocks and ETFs in a blockchain-native format, with each tokenized asset backed by the corresponding underlying security held through regulated custodial brokers. This deepened collaboration with Ondo reflects MEXC’s continued build-out in the tokenized real-world asset space. As a one-stop trading platform, MEXC provides users with diverse access to global markets, offering both Ondo’s tokenized stocks and RealStocks, a product that allows users to hold real share ownership and dividends.
About MEXC
MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.
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This content does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.
Goldman Sachs před výsledky za 2. čtvrtletí klesl od letošního maxima o více než 6 % a technicky vytváří medvědí formaci. Trh čeká silné výsledky, ale akcie zůstávají zranitelné.
Goldman Sachs stock has pulled back more than 6% from its year-to-date high and has gradually formed a risky chart pattern ahead of its second-quarter earnings on Tuesday. The stock was trading at $1,055 and appears vulnerable to further downside despite expectations for strong earnings.
The GS stock price has pulled back in the past few weeks, moving from a high of $1,125 on June 15 to $1,055. It has formed a head-and-shoulders pattern, a common bearish reversal sign in technical analysis. Its head is at $1,125, while the right and left shoulders are at $1,100. The neckline is at $1,000.
The stock has also formed what looks like a diamond reversal pattern, which normally leads to a bearish breakout over time. At the same time, the two lines of the MACD indicator formed a bearish crossover and are pointing downwards.
Therefore, there is a risk that the stock will retreat in the coming weeks, potentially to the neckline at $1,000. The bearish outlook will become invalid if it jumps above the head section of $1,125.
GS stock chart | Source: TradingView
On the positive side, all signs are that the company will publish strong financial results on Tuesday this week.
All indications are that its business is having one of its best years. For example, data compiled by the Wall Street Journal shows that Goldman Sachs has advised M&A deals worth over $1.2 trillion this year, much higher than JPMorgan’s $843 billion.
Goldman Sachs has also led as the top bookrunner in IPOs this year, with the value of deals rising to over $67.9 billion, higher than last year’s $35 billion. Dealogic estimates that its investment banking revenue jumped to over $5.7 billion, higher than last year’s $4.1 billion.
The most recent results showed that its business boomed in the first quarter, with the Global Banking and Markets division rising by 11% to over $12.7 billion. Its asset and wealth management revenue rose by 10% to $4 billion.
READ MORE: Goldman Sachs stock has soared: here’s why it has more gains ahead
This growth likely continued growing in the second quarter as its investment banking and trading businesses soaring. Its investment banking revenue is benefiting from major deals, including the recent SpaceX IPO and the recent SK Hynix listing. It also took part in the $67 billion deal between NextEra and Dominion Energy.
Trading has also continued booming this year, helped by the US-Iran war that has led to substantial market volatility.
Analysts anticipate that the upcoming results will show that its business continued to boom. The average estimate is that its revenue rose by 12.50% to $16.4 billion, while its guidance for the third quarter will be $16 billion. Goldman has a long history of doing better than expected.
Analysts have a bullish outlook for the company. Bank of America boosted its target from $1,050 to $11,50, while UBS hiked from $940 to $1,120. BMO Capital Markets and Morgan Stanley hiked to $1,070 and $1,099.
Intel investuje kapitálově 5 miliard eur (5,7 miliardy USD) do modernizace irského areálu v Leixlipu a rozšíření evropské výroby pro AI a high-performance computing. Investice má vytvořit několik stovek pracovních míst.
The Intel logo at the 10th edition of the VivaTech technology startups and innovation fair in Paris, France, June 18, 2026. REUTERS/Gonzalo Fuentes/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesInvestment to add several hundred jobs at Irish operationMajority of investment to be deployed by end-2027LEIXLIP, Ireland, July 13 (Reuters) - Intel (INTC.O), opens new tab has begun a €5 billion ($5.7 billion) capital investment to upgrade its Irish campus and expand its European output to meet growing global demand for AI and high-performance computing, the U.S. chipmaker said on Monday.
Intel said the move would upgrade and maximize capacity at its facility in Leixlip outside Dublin that produces Intel 3 silicon wafers, which the company says is the most advanced semiconductor manufacturing facility of its kind in Europe.
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It will also link the facility to other factories at the campus, Intel's European manufacturing base, as well as advance research and development and retrain staff, Naga Chandrasekaran, executive vice president of Intel Foundry, said.
Intel is one of the key multinationals in Ireland's foreign investment-focused economy, having already invested €30 billion in the country since 1989, more than half of which was spent between 2019 and 2023 on the fabrication facility that doubled the available capacity in Ireland.
The leading-edge manufacturing equipment that Intel has begun to install will help deliver Intel Xeon 6 processors and next-generation Intel Xeon built on the group's Intel 3 manufacturing process, the company said.
"The demand for servers, the demand for AI is driving a significant increase in the need for Intel 3 wafers," Chandrasekaran told reporters.
Chandrasekaran said the investment would add "several hundred" more jobs to the 4,900 people Intel employs in Ireland.
The majority of the investment would be made by the end of 2027 and represents about 30% of Intel's $17 billion planned capital expenditure for 2026, he added.
Ireland is hugely reliant on the taxes and jobs of foreign multinationals such as Intel. Foreign-owned firms have almost doubled their Irish workforce in the last decade to make up 11% of the entire labour market.
Irish Prime Minister Micheal Martin said Intel's latest investment was a powerful vote of confidence in Ireland and its position as a location for advanced manufacturing.
($1 = 0.8750 euros)
Reporting by Padraic Halpin; Editing by Sarah Young and Tomasz Janowski
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Adobe (NASDAQ: ADBE | ADBE Price Prediction) has been beaten down while fundamentals improved. Our 24/7 Wall St. price target is $283.39, roughly 26.72% above the current price of $223.64. We rate the stock a buy with 90% model confidence. An $88.9 billion software franchise with AI-first ARR north of $500 million, trading at a forward P/E near 9.
Metric Value Current Price $223.64 24/7 Wall St. Price Target $283.39 Upside 26.72% Recommendation BUY Confidence Level 90% Adobe Was Cut Nearly in Half While Fundamentals Improved ADBE is down 39.79% over the last year and 36.1% year to date, below the 52-week high of $376.16 and just above the $190.12 low.
Q2 FY26, reported June 11, 2026, was a record. Revenue hit $6.62 billion (up 13% YoY), non-GAAP EPS of $5.96 marked a fifth straight beat, and total ARR closed at $27.10 billion. Management raised FY26 non-GAAP EPS guidance to $24.35 to $24.45.
The Case for $322 and Higher Our bull scenario takes ADBE to $322.51, a 44.21% return over 12 months. Firefly ARR is approaching $300 million and grew roughly 50% quarter over quarter, Firefly enterprise ARR is up 4x YoY, and Creative freemium MAU jumped from 50 million to 90 million.
Acrobat AI Assistant paid MAU grew 150%+ YoY. Options positioning skews bullish with a full-chain put/call ratio of 0.46. The Semrush deal adds roughly $480 million in ARR, and consensus of $272.48 implies meaningful upside.
What Could Go Wrong Our bear scenario finishes at $249.71, still an 11.66% return. CEO Shantanu Narayen is transitioning to Board Chair, CFO Dan Durn departed June 15, 2026, and Q2 GAAP EPS of $4.25 was weighed by a $70 million goodwill impairment and a $30 million litigation accrual.
Competition from OpenAI, Canva, Figma, and Microsoft Copilot has crushed the multiple. Recent insider activity skewed to selling. The goodwill charge is a non-cash write-down on a legacy Publishing and Advertising unit. Non-GAAP EPS of $5.96 still grew 18% YoY. The operating engine remains intact.
How Adobe Compares to Salesforce and Autodesk Adobe’s forward P/E near 9 looks cheap against two AI-forward software peers.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Adobe didn't make the cut. Grab the names FREE today.
Salesforce (NYSE: CRM) Salesforce (NYSE: CRM) is the cleanest AI-monetization comparison. Q1 FY27 revenue of $11.13 billion grew 13.3% YoY, with Agentforce plus Data 360 ARR near $3.4 billion, up over 200% YoY. Salesforce trades at a trailing P/E of 18 versus Adobe at 13. On a comparable AI-growth basis, Adobe screens materially cheaper.
Autodesk (NASDAQ: ADSK) Autodesk (NASDAQ: ADSK) is the closest creative and design software analogue. Q1 FY27 revenue of $1.93 billion grew 18.4% YoY with non-GAAP EPS of $2.99. Management guides FY27 non-GAAP EPS of $12.40 to $12.65.
Adobe’s forward EPS of $26.26 and Q2 revenue growth of 13% suggest the market is pricing ADBE like a decelerating incumbent, while the numbers describe a raised-guidance AI beneficiary.
I Would Buy Here, With Eyes Open The 24/7 Wall St. price target of $283.39 with 90% confidence and a buy rating reflects a rare valuation gap in mega-cap software. A forward P/E of 9 attached to a business that just raised guidance and tripled AI-first ARR to over $500 million makes this compelling.
The setup looks attractive for investors who can stomach CEO and CFO succession noise. The thesis weakens if AI-first ARR growth breaks or if the freemium payback (management expects it to play out over 2027) fails to materialize.
Year 24/7 Wall St. Price Target 2026 $251.16 2027 $283.39 2028 $335 2029 $390 2030 $446.28 These projections assume Adobe converts freemium traffic into paid seats and defends its creative moat. Meaningful upside or downside could come from the CEO succession outcome, the pace of AI monetization, or a broad re-rating of the software sector.
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Merck získal nové schválení FDA pro Keytrudu a Keytrudu QLEX v kombinaci s Padcevem u dospělých se svalově invazivním karcinomem močového měchýře jako léčbu před a po operaci. Akcie MRK byly po zprávě téměř na maximech.
Merck & Co. Inc. (NYSE:MRK) shares are in focus Monday after a wave of analyst activity capped by a new FDA approval for its cancer drug Keytruda.
Merck stock is trading near recent highs. What’s the outlook for MRK shares? Analyst Consensus and Recent Actions The stock carries a Buy rating with an average price target of $133.86. Recent analyst moves include:
Morgan Stanley: Equal-Weight (Raises Target to $113.00) (July 9) RBC Capital: Outperform (Maintains Target to $142.00) (July 8) Wells Fargo: Overweight (Raises Target to $150.00) (July 8) The FDA ApprovalThe week culminated Friday when the U.S. Food and Drug Administration (FDA) approved KEYTRUDA and KEYTRUDA QLEX, Merck’s anti-PD-1 therapies, each in combination with Padcev, as treatment before and after surgery for adults with muscle-invasive bladder cancer.
The approval expands Keytruda’s already dominant position in the immuno-oncology landscape and adds another indication to the drug’s broad label, which already spans multiple cancer types.
Merk Shares Edge HigherMRK Price Action: At the time of publication, Merck shares are trading 0.11% higher at $123.68, according to data from Benzinga Pro.
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Jim Cramer walked onto CNBC’s Mad Dash last week on Wednesday morning and turned on a company he has championed for years. The target was Palantir (NASDAQ:PLTR | PLTR Price Prediction), a stock he has repeatedly told viewers to own through every valuation panic since the AI trade caught fire. His complaint was about a company-produced NFT video that Palantir made, posted, and then quietly pulled. Cramer wants management to disavow it publicly before market close.
What Cramer Said Cramer opened by re-anchoring his bull case. “I’ve been a big supporter, Palantir, mostly because of what it does in real business, which is really help organizations get their act together,” he said. Then came the pivot. Reacting to a Financial Times piece examining Palantir’s political alignment with Republicans, Cramer zeroed in on the NFT video itself, calling it “one of the most frightening things I’ve seen” and describing it as “a Punisher-like video… on the site of the company made itself, which is subsequently pulled, that I found very disturbing.”
The line that will get replayed all day is his interpretation of the imagery. “It’s basically saying, listen, we’re Satan. Look out!” Cramer said. From a host who has spent two years defending Alex Karp’s leadership and Palantir’s growth story, that is a genuine break.
Why Reputational Risk Matters for a Stock Like Palantir Palantir sells Gotham, Foundry, and AIP to defense agencies, hospital systems, and Fortune 500 boards that require multi-year procurement cycles and internal champions willing to stake their reputations on the vendor choice. The fundamentals have been extraordinary. Q1 2026 revenue landed at $1.63 billion, up 84.7% year over year, with U.S. commercial revenue up 133% to $595 million, and management raised full-year guidance to roughly 71% growth (see the Q1 2026 press release filed with the SEC).
That is the growth profile of a company whose customers are still saying yes. Cramer’s warning is about the second derivative. “A board member might say… maybe we can’t use Palantir because… it shouldn’t be doing these kinds of videos,” he said. Enterprise procurement runs on soft signals as much as on software demos, and a single risk committee memo citing brand-safety concerns can freeze a nine-figure pipeline for a quarter.
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The stock is already wobbling. Palantir is down 3.6% in the past five trading sessions and off 23% year to date. At a trailing P/E of 144x and a price-to-sales ratio above 60x, this is a stock priced for perfect execution on both the product and narrative fronts.
What Palantir Did Cramer’s prescription was unusually direct. “They have to distance themselves from this. They have to do it today,” he said. A quiet takedown is not enough when a Financial Times feature is already in circulation, and CNBC’s most-watched personality is telling his audience the imagery evokes Satan.
Palantir indeed removed that video after Cramer’s warning.
The Palantir bull case has always rested on hard product wins and a founder-led mystique that made customers feel they were joining a movement. Movements attract iconography, and iconography can go wrong. The video did not spiral into a bigger deal due to its quick removal.
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Micron ve 4. fiskálním čtvrtletí 2026 očekává tržby kolem 50 miliard USD a upravený zisk na akcii (EPS) 31 USD, oba údaje nad odhady. Firma zároveň oznámila investice v USA přes 250 miliard USD do roku 2035.
Key Takeaways Micron's AI memory business is benefiting from strong demand, supply shortages and rising HBM pricing.MU forecast fiscal Q4 2026 revenue of about $50B and adjusted EPS of $31, above consensus estimates. Micron plans major U.S. investments through 2035 to expand AI memory capacity and secure silicon supply. Micron Technology Inc. (MU - Free Report) witnessed a meteoric rise in its stock price in the first half of 2026, rallying nearly 340%. On June 24, the company posted blockbuster third-quarter fiscal 2026 earnings results, crushing all estimates.
As a result, on June 25, shares of MU touched an all-time high of $1,255. Thereafter, the stock has seen a gradual decline and is currently in the bear-market territory plunging 22% from its all-time high. However, the recent softness in the stock price has opened a tremendous opportunity for both short and long-term investors.
The chart below shows the price performance of MU in the past month.
Image Source: Zacks Investment Research
Excellent Business Opportunity Micron has been benefiting tremendously from the enormous application of AI in day-to-day life, which has pushed up the demand for memory chips. The four major hyperscalers raised their AI capital expenditure budget to $750 billion for 2026. This figure is set to cross $1 trillion next year and is likely to rise further beyond 2027.
This has resulted in more AI semiconductor sales, implying the need for multiple AI memory chips to operate. Flash memory technologies like DRAM and NAND are used in AI chips, enabling them to perform optimally.
This has pushed up the demand for AI-enabled memory chips. In their last earnings reports, all four major hyperscalers highlighted a shortage of memory and storage chips, resulting in soaring prices of these products. As a result, MU benefits significantly.
Micron’s CEO, Sanjay Mehrotra, said, “Our customers are recognizing that supply shortages in memory and storage will take considerable time to improve, even as we expect industry supply to improve gradually in 2028.”
Solid Estimate RevisionsMicron has an expected revenue and earnings growth rate of more than 100% each, for the current year (ending August 2026). The Zacks Consensus Estimate for the current year’s earnings has improved 22.6% over the last 30 days.
MU has an expected revenue and earnings growth rate of 87.8% and more than 100%, for the next year (ending August 2027). The Zacks Consensus Estimate for next year’s earnings has improved 44.3% over the last 30 days.
Image Source: Zacks Investment Research
Image Source: Zacks Investment Research
Micron’s gross margin climbed to 84.9% in the third quarter from 74.9% in the prior quarter and 39% in the year-ago period. This proved how high-bandwidth memory (HBM) shortage is helping these high-end memory developers to increase prices in a world of AI-powered data center boom. Likewise, the Zacks Consensus Estimate for 2027 EBITDA margin has shown steady improvement since mid-May.
Image Source: Zacks Investment Research
New Tech Trends to Drive ProspectsThe performance of any AI model depends on memory performance and capacity. MU’s HBM is a highly sought-after product for NVIDIA Corp. (NVDA - Free Report) , Advanced Micro Devices Inc. (AMD - Free Report) and Alphabet Inc. (GOOGL - Free Report) to name a few, for their AI-enabled chipsets.
Micron has meaningful exposure to AI, cloud data centers, industrial IoT and autonomous vehicles, all of which require increasingly advanced memory solutions. As AI adoption accelerates, demand for DRAM and NAND products continues to rise.
NVIDIA identified Micron as a key HBM supplier for its GeForce RTX 50 Blackwell GPUs, reinforcing its importance within the AI supply chain. Demand for HBM4 is also benefiting from next-generation AI infrastructure deployments, including NVIDIA’s Vera Rubin platform.
On July 8, Reuters reported that Micron has decided to invest more than $250 billion in the United States through 2035. The company’s original investment plan was $170 billion, which it raised to $200 billion in June.
Moreover, MU also unveiled its plan to invest $3 billion in GlobalWafers' silicon wafer manufacturing operations in Texas. The two companies plan to enter a 10-year deal to ensure a long-term supply of raw silicon wafer capacity to the AI memory chip behemoth.
Strong Guidance Micron anticipates revenues of $50 billion (+/1 billion) in the fiscal fourth quarter of 2026. Operating expenses on a non-GAAP basis are estimated to be approximately $1.65 billion. Adjusted EPS is anticipated to be $31.00 (+/- $1.00).
Attractive Valuation Despite a robust rally, the MU stock still looks very attractive. It trades at a forward 12-month price-to-earnings (P/E) multiple of 13.43, which is significantly lower than the industry average of 27.73. This discount adds to the appeal for long-term investors.
MU trades at a price-to-sales (P/S) multiple of 12.41, compared with the industry average of 10. Further, it trades at a price-to-book (P/B) multiple of 11.12, compared with the industry average of 8.40. These two multiples warrant premiums due to the company’s dominant position in the AI HBM and DRAM markets.
Huge Price Upside PotentialThe current Zacks Consensus average price for Micron is based on short-term price targets offered by 33 analysts. The short-term average price target of brokerage firms represents an increase of 52.2% from the last closing price of $979.30.
The brokerage target price is currently in the range of $2,000-$470. This indicates a maximum upside of 104.2% and a maximum downside of 52%. The risk/reward ratio is highly favorable 1:2.
Image Source: Zacks Investment Research
What Next for MU?Micron currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
MU has invested heavily in next-generation memory technologies, positioning itself to meet the growing performance and efficiency requirements of AI ecosystems. MU’s position in the AI ecosystem continues to strengthen.
Micron Technologies represents an opportunity to invest in a company with substantial unrealized potential in the AI revolution. At this stage, it will be prudent to buy MU on every dip. Hold this stock for the long term as the astonishing growth potential of the global AI-powered data centers and MU’s strong guidance and business visibility are likely to generate more value.
Micron, SanDisk a Western Digital v pondělí ráno klesly o 6 % poté, co slabý výhled zisku SK Hynix za 2. čtvrtletí otřásl akciemi firem z oblasti pamětí. Korejský broker KIS snížil odhad o 8 % pod konsensus.
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Memory and storage stocks are selling off sharply Monday morning as a weak second-quarter profit estimate for South Korea’s SK Hynix rattled the AI memory trade. Micron Technology (NASDAQ:MU | MU Price Prediction) stock, SanDisk (NASDAQ:SNDK) shares, and Western Digital (NASDAQ:WDC) stock were each down 6% a few minutes after the day’s session started.
The moves come after historic runs. Micron stock was up 243% year to date (YTD) through Friday’s close, SanDisk shares had climbed 707%, and Western Digital stock was higher by 238%. Today’s 5% pullback trims only a small slice of those gains.
Renewed U.S.-Iran headlines and the ongoing debate about the payoff on AI capital spending sit in the background of these stock declines. However, specific events surrounding SK Hynix are hitting memory/storage stocks particularly hard.
Weak SK Hynix Estimate Triggers a Memory Reset The trigger came from Seoul. South Korean brokerage KIS published a Q2 2026 profit estimate for SK Hynix 8% below consensus, citing slower-than-expected HBM4 (high-bandwidth memory) shipments and heavy reliance on HBM contracts. That call cut into the core bull thesis for the entire memory complex.
SK Hynix stock fell 15% in Asia, its largest single-day drop ever, a stunning reversal from its strong U.S. NASDAQ debut on Friday. Samsung slid alongside it and the KOSPI dropped 9%, triggering a 20-minute trading halt. U.S.-listed SK Hynix shares were set to open sharply lower after Friday’s debut.
U.S. memory names sold in sympathy. SK Hynix is Micron’s most direct competitor in DRAM and high-bandwidth memory, so any signal that HBM4 shipments are slipping raises questions about pricing power across the group. The reaction reads as profit-taking plus a scare that the memory super-cycle‘s momentum may be cooling.
Peers and the Memory ETF Feel the Ripple Seagate Technology (NASDAQ:STX) stock is down 4% to $869 this morning after a YTD run of 231% through Friday’s close of $910.34. The hard-disk maker trades on similar AI storage tailwinds as Western Digital, and both are moving in tandem with the DRAM and NAND names. Seagate stock also carries a beta of 2.07, so its swings have tended to run larger than the broader tape in both directions.
The Roundhill Memory ETF (NYSEARCA:DRAM) is taking a bigger hit than the U.S. constituents, with the ETF down 9% to $57.52. That reflects concentration: the top three holdings, Samsung Electronics, SK Hynix, and Micron, account for 73% of net assets, and the Korean names are leading the losses. The ETF is a narrow, non-leveraged thematic fund, and today’s move highlights its single-region concentration risk.
Sell-side conviction hasn’t evaporated, though. Citi recently reaffirmed a Buy on Western Digital with an $800 target, well above Friday’s close. That constructive analyst view is being overshadowed by sector-wide selling this morning.
What to Watch Now The bull case for Micron rests on durable AI-driven memory demand. Micron’s recent Q3 FY2026 results showed revenue of $41.5 billion, up 346% year over year (YoY), with non-GAAP EPS of $25.11 and gross margin expanding to 85%. CEO Sanjay Mehrotra guided Q4 FY2026 revenue to $50 billion, plus or minus $1 billion, citing multi-year Strategic Customer Agreements and HBM4 already in high-volume shipments. The bear case is memory cyclicality, the HBM4 shipment and pricing concern flagged for SK Hynix, and rich valuations after a massive run. Investors should consider keeping their position sizes modest given the volatility.
SanDisk’s own Q3 FY2026 report was similarly outsized. Revenue jumped 251% YoY to $5.9 billion, non-GAAP EPS came in at $23.41, and management guided Q4 revenue between $7.75 billion and $8.25 billion. The company also cleared $650 million in debt to reach a zero-debt balance sheet, giving it flexibility to weather any near-term memory pricing wobble.
Prediction market participants are leaning cautious near term. Polymarket odds place the highest conviction on Micron trading in the $930 to $960 range this week, with a 0.865 probability that shares finish today lower. Upside conviction above $1,020 drops sharply.
Still, Reddit sentiment tells a more bullish story. Aggregate sentiment on Micron scored 66 (bullish) as of Monday morning, and SanDisk sentiment on WallStreetBets held between 58 and 75 through the initial selloff, indicating retail dip-buyers stayed engaged. Traders can watch for whether the $920 level holds on Micron stock and whether the DRAM ETF stabilizes once U.S.-listed SK Hynix shares find a level after their delayed open, and could look for any updated commentary from Korean analysts later this week.
Intuitive Surgical rozšiřuje robotický ekosystém o AI a digitální nástroje; v 1. čtvrtletí 2026 hlásila širší adopci da Vinci, Ion i digitálních platforem.
Key Takeaways ISRG expands its robotic ecosystem with AI, digital tools and minimally invasive platforms. TER, CDNS, MCHP and FTV are advancing robotics through AI, automation and data center innovation.The picks are set to benefit from rising robotics adoption despite industry dynamics and regulatory risks. Robotics companies are at the forefront of innovation, driving efficiency and productivity across industries such as manufacturing, healthcare and logistics. The global robotics market is poised for significant growth, fueled by technological breakthroughs, and rising demand for automation and advancements in artificial intelligence (AI) and machine learning.
This potential for high growth promises substantial returns to investors. Also, robotics can address labor shortages and enhance precision in tasks, thereby reducing operational costs and improving quality. This space includes companies that integrate hardware, software and AI to build intelligent machines capable of performing complex tasks autonomously or semi-autonomously.
Pros and Cons of Robotics ApplicationDespite the rapid growth and transformative potential of this space, the investment landscape is not without risks. Robotics technology is still evolving, and companies in this space often face high research and development costs with no guaranteed success. Regulatory challenges, market volatility, concerns about job displacement and data privacy, along with the societal impact of automation add to the uncertainty.
At this stage, we recommend five robotics stocks for investment in second-half 2026. These are: Intuitive Surgical Inc. (ISRG - Free Report) , Teradyne Inc. (TER - Free Report) , Cadence Design Systems Inc. (CDNS - Free Report) , Microchip Technology Inc. (MCHP - Free Report) and Fortive Corp. (FTV - Free Report) . Each of our picks currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
The chart below shows the price performance of our five picks in the past three months.
Image Source: Zacks Investment Research
Intuitive Surgical Inc.Intuitive Surgical is increasingly embedding AI and digital tools into its robotic ecosystem. ISRG operates in the robotic surgery market for soft tissue procedures, where adoption is supported by the shift toward minimally invasive care. The company’s platforms include the da Vinci surgical system and the Ion endoluminal system.
ISRG continues to add digital capabilities that can improve training, workflow and program management for hospitals. These efforts include software and analytics that connect systems, instruments and services and can deepen customer engagement over time.
In the first quarter of 2026, ISRG highlighted expanded adoption of its da Vinci, Ion and digital platforms, which support continued investment in the connected ecosystem. Over time, digital features can differentiate the installed base and support incremental service and software revenues as hospitals focus on standardizing surgical programs.
Intuitive Surgical has an expected revenue and earnings growth rate of 16.5% and 16.7%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 0.1% over the last 30 days.
Teradyne Inc.Teradyne benefits from strong AI-related demand that is driving significant investments in cloud AI build-out as customers accelerate the production of a wide range of AI accelerators, networking, memory, and power devices. AI computing is witnessing technological progress, which is bringing rapid transformation to design, process, and packaging technologies.
Robotics delivered $91 million of first-quarter 2026 revenues, up 32% year over year, and management highlighted a fourth consecutive quarter of sequential growth. The company cited customer engagement across e-commerce, electronics manufacturing, and semiconductor end markets, and noted that AI-related revenues in Robotics increased to 15% of quarterly sales with emerging data center applications.
TER continues to expect its large e-commerce customer to triple its revenue contribution in 2026 versus 2025, which, if executed, would improve scale and utilization in the Robotics segment. Over time, the use of robots in assisted assembly, test and data center operations could broaden the installed base beyond traditional factory automation deployments.
Teradyne has an expected revenue and earnings growth rate of 42.1% and 81.8%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 1.6% over the last 30 days.
Cadence Design Systems Inc.Cadence Design Systems is benefiting from higher design complexity and rising customer spend on AI-driven automation. CDNS’ efforts to unify EDA, IP, 3D-IC, PCB and system analysis are aiding in capitalizing on the opportunity presented by the AI super cycle. The focus on generative AI, agentic AI and physical AI is leading to an exponential increase in computing demand and semiconductor innovation.
Amid rapid AI proliferation, the Cadence.ai portfolio has been gaining strength and new product launches (like AgentStack along with ChipStack, ViraStack and InnoStack AI Super Agents) are expected to aid in sustaining the momentum.
CDNS’ hardware systems continue to gain traction from AI, HPC, robotics and automotive companies. The inorganic strategy is the calculated execution of its Intelligent System Design vision. Backlog stood at $8 billion. CDNS now expects 2026 revenues to be between $6.125-$6.225 billion compared with $5.3 billion in 2025.
Cadence Design Systems has an expected revenue and earnings growth rate of 17.1% and 11.2%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has remained the same over the last 30 days.
Microchip Technology Inc.Microchip Technology benefits from growing AI investments. The company’s Gen 4 and Gen 5 data center products are witnessing strong sales growth. MCHP’s new products are expected to gain traction with the launch of the industry's first 3-nanometer-based PCIe Gen 6 switch that powers modern AI infrastructure.
These switches offer double bandwidth, lower latency, advanced security and high-density AI connectivity for next-generation cloud and data center performance. The success of the restructuring plan also bodes well for MCHP’s prospects. The company also entered the PCIe retimer market in the June 2026 quarter as a companion device for Gen6 switches, and disclosed an OEM design win that displaced a competitor.
MCHP has expanded connectivity, storage and compute offerings for AI and data center applications, as well as intelligent power modules for AI at the edge. These factors are expected to drive top-line growth in the long term.
Microchip Technology has an expected revenue and earnings growth rate of 31.7% and 88.4%, respectively, for the current year (ending March 2027). The Zacks Consensus Estimate for the current year’s earnings has improved 0.3% in the last 30 days.
Fortive Corp.Fortive has been benefiting from productivity actions and reinvestment in innovation and commercial initiatives. FTV is benefiting from steady demand across Intelligent Operating Solutions and Advanced Healthcare Solutions. The company’s Fortive Accelerated strategy bodes well.
FTV is building the new Fortive around faster, profitable organic growth, disciplined capital allocation and consistent delivery. In first-quarter 2026, the company cited higher innovation velocity with several hardware milestones and AI-enhanced launches.
In healthcare, FTV’s Provation Mira Documentation Assist was introduced as a real-time, AI-powered, voice-driven documentation capability embedded into GI procedural workflows, which can reduce administrative burden and support continued software adoption.
FTV’s commercial efforts are increasingly targeted at higher-growth verticals such as AI data centers, defense and distributed energy, alongside made-in-region actions in India and China and a European launch of STERRAD ULTRA GI.
Fortive has an expected revenue and earnings growth rate of -6.9% and 9.6%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 0.3% in the last 30 days.
Hyperscalery letos utratí za kapitálové výdaje asi 750 miliard USD, což dál podporuje poptávku po AI čipech pro datová centra. Z toho těží hlavně Micron Technology a Taiwan Semiconductor.
In the third quarter of 2025, Goldman Sachs analysts were trying to estimate just how much the technology hyperscalers (Alphabet, Meta, Amazon, Microsoft, and others) would spend in 2026 to build out data centers.
Their estimate at the time: $465 billion.
That was supposed to account for all the monumental spending on artificial intelligence(AI) infrastructure. But even after they revised their estimate to $527 billion just three months later, they still missed the mark.
Hyperscalers now are forecast to devote about $750 billion to capital expenditures (capex) this year -- and the number could go higher next year.
That's fantastic news for Micron Technology (MU 1.05%) and Taiwan Semiconductor Manufacturing (TSM 0.55%), also called TSMC. These two companies are leading pick-and-shovel investments in the enormous AI data center build-out that's currently underway, and they could benefit for years to come. Here's why.
Image source: Getty Images.
Hyperscalers can't get enough of Micron Technology's memory So called pick-and-shovel companies benefit from selling the tools that help other companies build what they need. In the current AI gold rush, Micron is a great pick-and-shovel play because it sells much-needed memory chips to tech companies.
With AI data center spending surging, hyperscalers are buying up as many memory processors as they can get. Artificial intelligence uses a lot of it, and that's driving memory prices higher and leading to much higher profits for Micron.
Consider that in the third quarter of fiscal 2026 (ended May 28), Micron's sales jumped 345% to $41.5 billion, and adjusted earnings per share spiked more than 1,300% to $24.67. The company's management believes this growth isn't anywhere near finished yet. Just read what Micron Chief Executive Officer Sanjay Mehrotra said on the Q3 earnings call: "The memory industry has been structurally transformed by the proliferation of AI. We are only in the early innings of the significant innovation and productivity that can be unleashed in every part of the global economy over time."
And the company likely isn't exaggerating the shift toward long-term memory demand. Alphabet's capex spending will reach as much as $190 billion this year, and management said that next year's spending is likely to "significantly increase." In short, AI spending is still accelerating.
That's one of the reasons three analysts recently raised their price target for Micron stock to $1,500, representing a 51% increase from its current price.
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Taiwan Semiconductor could be the ultimate pick-and-shovel AI play As the world's leading semiconductor manufacturer, TSMC is arguably one of the best ways for investors to play long-term demand in AI data center infrastructure. The company makes an estimated 70% of the world's processors and 90% of the most advanced processors (including those for AI).
This means that no matter which company leads the AI gold rush, TSMC benefits. If Nvidia loses ground to a competitor, Taiwan Semiconductor still wins. If Alphabet outpaces OpenAI and Anthropic to take the crown for the top AI model, TSMC still wins as long as they all need lots of processors.
And they all need lots of processors.
TSMC's revenue jumped about 41% in the first quarter to nearly $36 billion, and adjusted earnings (not in accordance with generally accepted accounting principles, or GAAP) popped 58% to $3.49 per American depositary receipt (ADR). It's worth mentioning that TSMC's gross margin is very impressive, too, reaching 66% in the quarter and helping the company's bottom-line growth as processor demand heats up.
And more growth is likely on the way. Taiwan Semiconductor Chief Executive Officer C.C. Wei said on the first-quarter earnings call: "The shift from generative AI and the query mode to agentic AI and the command and action mode is leading to another step up in the amount of tokens being consumed. This is driving the need for more and more computation, which supports the robust demand for leading-edge silicon."
For investors looking to tap into the AI data center boom and benefit regardless of which hyperscaler leads the pack, Micron Technology and Taiwan Semiconductor are two fantastic choices right now.
Chris Neiger has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Goldman Sachs Group, Meta Platforms, Micron Technology, Microsoft, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
CANADA - 2026/07/03: In this photo illustration, the AMD (Advanced Micro Devices) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images
This article was written by Doug Nathman, with research by his team at Trefis.
AMD (AMD) has nearly quadrupled its value in the last year, with its market capitalization nearing $900 billion.
The factors driving this surge are quite evident.
EPYC CPUs are capturing significant server market share from Intel (INTC), with proactive AI workloads fostering a structural recovery in CPU demand that extends beyond normal cycles. On the GPU front, the MI400 series represents the most formidable product AMD has ever released, so much so that its specifications compelled Nvidia (NVDA) to enhance memory bandwidth and power capacity just to maintain competitiveness. Commitments from hyperscalers are genuine and expanding, with Meta alone intending to deploy up to 6 gigawatts of AMD Instinct GPUs, all amidst over $700 billion in AI infrastructure capital expenditures pledged by hyperscalers this year.
The bullish outlook is credible.
The chips are increasingly attractive. The clientele is dedicated. The CPU segment is concurrently experiencing a structural rebound. With the stock trading at over 70x projected 2026 earnings, the market is aware of all these factors. (See AMD valuation multiples)
What it might be neglecting is an issue unrelated to demand.
The Constraint Is PhysicalIn contrast to conventional CPUs, AI accelerators achieve a significant portion of their performance through the close integration of processing dies and high-bandwidth memory. Advanced packaging is essential for facilitating that integration. Specifically, TSMC's CoWoS technology is what enables the binding of chiplets into a complete AI accelerator. Without it, the silicon in a fabrication plant is essentially useless. Presently, no other manufacturer can provide advanced packaging at a level comparable to TSMC's leading edge. TSMC's CEO informed shareholders on June 4, 2026, that CoWoS capacity remains exceptionally limited and fully booked through 2026, with lead times varying from 52 to 78 weeks.
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This is not a fleeting bottleneck. The machinery necessary for expansion requires years for acquisition and installation, indicating that the limitation will mainly remain fixed for the upcoming years.
Evaluating how this limited capacity is allocated reveals that Nvidia commands approximately 60% of the overall CoWoS production, around 595,000 wafers, and has already secured more than half of TSMC's expansion capacity for 2026-2027. The top three clients together account for over 85% of total output. AMD possesses about 105,000 wafers, roughly 11% of total need. However, in AI, the scarcity is no longer in demand. It resides in packaging capacity.
Intel has directed substantial investments towards developing a foundry business, which has contributed to the stock's appreciation. The more pressing question is whether Intel's capacity is supported by committed external clients.
AMD Is Competing With Itself For What Limited Capacity ExistsAMD's collaboration with TSMC encompasses both SoIC-X and CoWoS-L packaging across its complete data center range, including CPUs and GPUs. These advanced packaging solutions are employed in the assembly of AMD's most intricate server processors and AI accelerators. The Venice EPYC CPU, which is transitioning to 2nm, shares the same restricted resource pool as the MI400 GPU. Each EPYC slot utilized cannot be allocated to an Instinct GPU. Thus, AMD is allocating capacity between its two rapidly expanding product lines at the same time.
Nvidia does not experience this issue. Its CoWoS allocation is dedicated to one product family. More critically, packaging capacity is reserved several years in advance, which means AMD cannot simply acquire additional capacity if demand for the MI400 surpasses expectations. AMD is the only significant entity simultaneously scaling both its server CPU and AI GPU franchises through the same bottleneck.
The ConclusionAI investors frequently engage in discussions about chips, benchmarks, and clients. For AMD, a more crucial question may be whether it can acquire adequate advanced packaging capacity to convert that demand into shipments.
With the current valuation exceeding 70x forward earnings, even a minor execution error could translate into a substantial investment error. A single-stock strategy at these valuations is inherently unstable. As historical volatility illustrates, depending on the perfect pricing assumptions of a single position ignores the structural risks that high-multiple stocks face during broader market shifts. The remedy is a rule-based portfolio strategy.
The Trefis High Quality (HQ) Portfolio merges analytical precision with a forward-looking perspective spanning 30 stocks, utilizing a consistent selection framework and sizing/rebalancing protocols formulated to provide upside without the risks associated with individual stocks you have just reviewed.
By selecting 30 high-conviction stocks, the HQ strategy has historically outperformed a benchmark that encompasses the three major indices – the S&P 500, S&P Mid-cap, and Russell 2000.
Eli Lilly and Company (NYSE:LLY) shares are in the spotlight Monday as the company presents new data at the Alzheimer’s Association International Conference in London. Wall Street weighed in on the stock last week.
Eli Lilly stock is trading flat. What’s next for LLY stock? The AAIC PresentationEli Lilly is presenting 16 abstracts at the 2026 Alzheimer’s Association International Conference, running July 12-15 in London, with significant new data expected on its Alzheimer’s treatment Kisunla. The presentations could help clarify Kisunla’s competitive standing in a market where diagnosis bottlenecks, required scans, and monitoring requirements remain key hurdles to broader adoption.
Kisunla at a GlanceAnalyst Consensus & Recent Actions The stock carries a Buy rating with an average price target of $1293.73. Recent analyst moves include:
B of A Securities: Buy (Raises Target to $1334.00) (July 10) Truist Securities: Buy (Raises Target to $1370.00) (July 8) Morgan Stanley: Overweight (Raises Target to $1347.00) (July 8) Eli Lilly Shares Trade FlatLLY Price Action: At the time of publication, Eli Lilly shares are edging 0.01% higher at $1,188.75, according to data from Benzinga Pro.
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Key Takeaways MS' Q2 revenues are projected to rise 15.4%, while earnings are expected to jump 35.7%.Strong advisory and underwriting fees are expected to drive a 40% increase in MS' IB income.Higher client activity and volatility may lift MS' equity and fixed-income trading revenues. Morgan Stanley (MS - Free Report) is scheduled to announce second-quarter 2026 earnings on July 15 before market open. The company’s financial results and subsequent management conference call are expected to attract significant attention from analysts and investors seeking insights into how it is navigating the current operating environment.
Morgan Stanley’s first-quarter 2026 performance was impressive, driven by robust trading and deal-making activities. The company’s results in the to-be-reported quarter are likely to have benefited from similar positive factors. The Zacks Consensus Estimate for second-quarter revenues of $19.38 billion suggests 15.4% year-over-year growth.
In the past seven days, the consensus estimate for earnings for the to-be-reported quarter has been revised 4% upward to $2.89. The figure indicates a 35.7% jump from the prior-year quarter.
Estimate Revision Trend
Image Source: Zacks Investment Research
MS has an impressive earnings surprise history. The company’s earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, with the average beat being 17.07%.
Earnings Surprise History
Image Source: Zacks Investment Research
Factors to Influence Morgan Stanley’s Q2 ResultsIB Income: After an impressive first-quarter performance, global deal-making activity moderated as geopolitical uncertainty, persistent valuation gaps, slowing economic growth, elevated inflation and interest rates, and a stubbornly high backlog of private equity exits weighed on transaction value. However, strategic buyers remained active, targeting deals that could expand scale, bolster resilience and strengthen supply chain security amid the challenging operating environment.
So, while global mergers and acquisitions (M&As) volume improved year over year, deal value fell as only a handful of big transactions dominated the space. This, along with Morgan Stanley’s position as one of the leading players in the space, is expected to have driven advisory fees in the second quarter. The Zacks Consensus Estimate for advisory fees is pegged at $684.6 million, indicating a year-over-year jump of 34.8%.
The quarter witnessed strong IPO activity and equity issuances. Morgan Stanley’s prominent underwriting role in SpaceX’s mega IPO is likely to have boosted its equity underwriting fees. Further, global bond issuance volume was solid, driven by corporate refinancing and infrastructure builds. So, Morgan Stanley’s equity and fixed income underwriting fees are expected to have increased on a year-over-year basis.
The Zacks Consensus Estimate for equity underwriting fees of $554.4 million suggests year-over-year growth of 10.9%. The consensus estimate for fixed-income underwriting fees is pegged at $704.9 million, indicating a surge of 32.5%. The consensus estimate for total underwriting fees of $1.26 billion implies a jump of 22%.
The Zacks Consensus Estimate for IB income of $2.3 billion indicates a year-over-year jump of 40%.
Trading Revenues: The performance of Morgan Stanley’s trading business (constituting a significant portion of its top line) is expected to have been solid in the second quarter of 2026, supported by increased client activity and market volatility. Trading conditions were shaped by evolving expectations surrounding artificial intelligence, ongoing geopolitical tensions, persistent inflationary pressures and a more hawkish Federal Reserve. These factors contributed to heightened volatility across equities and other asset classes, including commodities, fixed income and foreign exchange.
The Zacks Consensus Estimate for the company’s equity trading revenues is pegged at $4.42 billion, suggesting a rise of 18.7% from the prior-year quarter. The consensus estimate for fixed-income trading revenues of $2.31 billion indicates a gain of 6%.
Net Interest Income (NII): In the to-be-reported quarter, the Fed kept interest rates unchanged, while signaling a hike later in the year because of persistently high inflation. This created a favorable backdrop for Morgan Stanley.
Further, the lending scenario is likely to have improved in the second quarter, which, along with stabilizing funding/deposit costs, is expected to have offered much-needed support. Hence, Morgan Stanley’s NII is likely to have witnessed a decent improvement in the quarter.
The Zacks Consensus Estimate for net interest revenues is pegged at $2.62 billion, suggesting a rise of 11.5% on a year-over-year basis.
For the wealth management segment, management expects NII to rise modestly on a sequential basis.
Expenses: Cost reduction, which has long been Morgan Stanley's primary strategy for remaining profitable, is unlikely to have provided much support in the June-ended quarter. As the company has been investing in franchises, overall costs are likely to have been elevated.
What Our Quantitative Model Unveils for MSMorgan Stanley’s Price PerformanceIn the second quarter, Morgan Stanley’s share performance was impressive as the operating backdrop turned favorable. The stock fared better than the industry as well as its peers, Goldman Sachs (GS - Free Report) and JPMorgan (JPM - Free Report) .
2Q26 Price Performance
Image Source: Zacks Investment Research
Goldman and JPMorgan are scheduled to announce second-quarter 2026 numbers tomorrow.
Over the past seven days, the Zacks Consensus Estimate for Goldman’s second-quarter 2026 earnings has been revised north to $14.47. The consensus estimate for JPMorgan’s second quarter 2026 earnings has been revised upward to $5.59 over the past week. At present, both GS and JPM carry a Zacks Rank #2 (Buy).
Hyperliquid dosáhl open interestu přes 11 miliard USD, což je nejvyšší úroveň v roce 2026. Platforma zároveň drží zhruba 70 % objemu on-chain perpetual futures.
Activity on Hyperliquid, a decentralized perpetual futures platform, has surged to a new peak with over $11 billion in open positions, marking the highest level for the year. This development reflects growing interest in the platform, which operates on its proprietary Layer 1 blockchain. The increase includes significant engagement in non-crypto markets, such as gold and equities, through its HIP-3 markets. Hyperliquid already accounts for about 70% of all on-chain perpetual futures volume, highlighting its dominant role in the sector. This milestone comes as the platform continues to attract interest amid a backdrop of robust global market activity.
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Key Takeaways The surge in open positions on Hyperliquid suggests increased confidence and engagement from market participants, indicating a potential upward trend in user activity. Pricing within related prediction markets shows a minor increase in the likelihood of Hyperliquid reaching the $100 target by the end of 2026, now at 41.5% YES. The platform’s ability to capture a substantial share of both crypto and non-crypto markets appears to support its continued growth and relevance in the sector. What to Watch Market participants will be observing whether Hyperliquid can sustain this level of engagement and whether it will translate into further price increases, particularly towards the $100 target by December 31, 2026. Key developments to monitor include potential partnerships, technological advancements, and institutional interest, which could further influence market confidence. Additionally, any security incidents or regulatory challenges could impact market sentiment and alter current pricing expectations.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 41.5% — — View market → January 1 2027 5.4% — — View market → January 1 2027 4% — — View market → January 1 2027 70.5% — — View market → January 1 2027 9.1% — — View market → January 1 2027 4.5% — — View market →
PENN Entertainment spustila v Albertě theScore Bet Sportsbook & Casino i samostatné aplikace theScore Casino a Hollywood Casino. Tím rozšiřuje své kanadské online herní působení.
- Expands PENN's Canadian online gaming footprint, bringing premier sportsbook and online casino experiences to players across Alberta -
TORONTO & WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment (Nasdaq: PENN) (“PENN” or the “Company”) today announced the launch of theScore Bet Sportsbook & Casino in Alberta, as well as theScore Casino and Hollywood Casino standalone apps, further expanding the Company’s Canadian online gaming footprint and bringing its leading digital gaming brands to players across the province. These apps are now available across Alberta on iOS, Android, and are also available on the web.
The Alberta launch marks the next chapter in theScore Bet’s continued growth in Canada, building on its success in Ontario. Players in Alberta can now enjoy the uniquely integrated sports media and betting experience from two of Canada’s most trusted brands, theScore and theScore Bet, bringing live scores, news, stats and betting together in one connected ecosystem.
In addition to sports betting, theScore Bet Sportsbook & Casino gives Alberta players access to a comprehensive online casino experience featuring hundreds of slots, table games, live dealer experiences and exclusive games, including Blue Jays Blackjack.
Complementing theScore Bet Sportsbook & Casino experience, PENN is also launching standalone Hollywood Casino and theScore Casino apps in Alberta. Hollywood Casino, a popular online and retail casino brand, delivers a casino-first experience featuring an extensive portfolio of slots, table games and live dealer content. For players who prefer a dedicated casino app, theScore Casino offers the same premium gaming experience, providing additional choice alongside the all-in-one theScore Bet Sportsbook & Casino app.
“Alberta has an incredible sports culture, and we’re excited to bring theScore Bet Sportsbook & Casino to players across the province,” said Aaron LaBerge, Chief Technology Officer and Head of Interactive at PENN Entertainment. “Fans already know and trust theScore, and with theScore Bet, we’re extending that connection into a seamless sportsbook and casino experience. Whether you’re following your favorite team, placing a bet, or enjoying casino games, we’ve built the experience around the way fans naturally engage with sports. We commend the Alberta government for introducing a regulated online gaming market for private operators and look forward to serving fans in one of Canada’s great sports markets.”
As Canada’s sportsbook, theScore Bet is proud to partner with Canada’s most iconic sports organizations as the exclusive official gaming partner of the Toronto Blue Jays, the exclusive gaming partner of Golf Canada and an official gaming partner of the NHL and PGA Tour.
Alberta customers can now enjoy:
Same Game Parlays, player props and live, in-game betting. Seamless betting integration with theScore's trusted sports news, scores and data. Hollywood Casino's extensive portfolio of slots, table games and live dealer experiences, including Blue Jays Blackjack, the Dancing Drums series, and Sweet Bonanza series. To celebrate the launch, theScore Bet is introducing a series of fan experiences throughout the summer, including its popular Toronto Blue Jays Jersey Swap event. Additional details are available at theScore.bet/alberta.
About theScore Bet Sportsbook, theScore Casino & Hollywood Casino
theScore Bet Sportsbook & Casino, theScore Casino and Hollywood Casino are PENN Entertainment's leading online gaming brands in Canada, offering premium sports betting and online casino experiences powered by PENN's proprietary technology platform. theScore Bet Sportsbook & Casino uniquely integrates with theScore to deliver a connected sports media and betting experience, while Hollywood Casino and theScore Casino provide players with a comprehensive portfolio of slots, table games, live dealer experiences and exclusive content.
About PENN Entertainment, Inc.
PENN Entertainment, Inc., together with its subsidiaries (“PENN,” or the “Company,” “we,” “our,” or “us”), operates in 28 jurisdictions throughout North America, with a broadly diversified portfolio of casinos, racetracks, and online sports betting and iCasino offerings. PENN’s focus is on organic cross-sell opportunities, reinforced by its market-leading retail casinos, sports media assets and technology, including a proprietary state-of-the-art, fully integrated digital sports betting and iCasino platform, and an in-house iCasino content studio. The Company’s portfolio is further bolstered by its industry-leading PENN Play™ customer loyalty program, offering its approximately 34 million members a unique set of rewards and experiences.
Forward Looking Statement
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as “expects,” “believes,” “estimates,” “projects,” “intends,” “plans,” “goal,” “seeks,” “may,” “will,” “should,” “look forward to,” or “anticipates” or the negative or other variations of these or similar words, or by discussions of future events, strategies or risks and uncertainties. These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results, or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in PENN Entertainment’s filings with the Securities and Exchange Commission (the “SEC”), including PENN Entertainment's current reports on Form 8-K, quarterly reports on Form 10-Q and its annual report on Form 10-K for the year ended December 31, 2025. Forward-looking statements speak only as of the date they are made and, except for PENN Entertainment’s ongoing obligations under the U.S. federal securities laws, PENN Entertainment undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
Key Takeaways State Street's Q2 earnings is estimated at $3.30, up 30.4%, while sales are seen rising 11.5%.NII is projected to climb 14.4% to $833.8 million, supported by robust lending and stable funding costs.Total fee revenues are expected to rise 12.6%, led by management, servicing and securities finance fees. State Street (STT - Free Report) is slated to report second-quarter 2026 results on July 16, before market open. The company’s quarterly revenues and earnings are expected to have risen year over year.
In the first quarter of 2026, STT’s earnings outpaced the Zacks Consensus Estimate. Results were aided by growth in fee revenues and net interest income (NII). Also, the company witnessed improvements in the total assets under custody and administration (AUC/A) and assets under management (AUM) balances. However, higher expenses and provisions were undermining factors.
State Street has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering a surprise of 6.97%, on average.
Major Q2 Factors & Estimates for State StreetNII: In the quarter, the Federal Reserve kept interest rates unchanged and signaled a hike later in the year. Further, a solid lending scenario (per the Fed’s latest data, overall loan growth was robust in the quarter) and stabilizing funding/deposit costs are expected to have offered the much-needed support to STT’s NII growth.
The Zacks Consensus Estimate for State Street’s average interest-earning assets is pegged at $294.8 billion, which implies a 3.2% decline from the prior-year quarter.
The consensus estimate for NII (on a fully taxable-equivalent basis) of $833.8 million indicates a 14.4% year-over-year rise.
Fee Revenues: Supported by solid inflows, the company’s AUM and AUC/A balances are expected to have increased in the to-be-reported quarter. Thus, management fees are likely to have benefited. The consensus estimate for management fees of $747.6 million implies a 33% year-over-year jump.
The consensus estimate for securities finance revenues of $133.9 million implies a 6.2% increase.
At the end of the first quarter, STT reported $315 million of servicing fee revenues to be installed. Hence, the metric is likely to have grown in the second quarter. The Zacks Consensus Estimate for servicing fees of $1.48 billion indicates a 13.1% improvement.
The Zacks Consensus Estimate for FX trading services income is pegged at $404.6 million, suggesting a 6.1% year-over-year decline. The consensus estimate for software services fees suggests a 22.8% decrease to $177.6 million.
Overall, the Zacks Consensus Estimate for total fee revenues of $3.06 billion indicates 12.6% year-over-year growth.
Expenses: Total expenses at State Street are expected to have increased in the second quarter, primarily due to higher information systems and communication costs, as well as spending on strategic acquisitions, expansion efforts and franchise investments.
While the company has been taking steps to enhance operating efficiency, ongoing investments in growth initiatives, infrastructure and technology are likely to have exerted upward pressure on costs in the to-be-reported quarter.
What the Zacks Model Unveils for State StreetPer our model, the likelihood of State Street beating the Zacks Consensus Estimate this time around is high. This is because the company has the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for State Street is +0.35%.
Zacks Rank: STT currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
State Street’s Q2 Earnings & Sales EstimatesThe Zacks Consensus Estimate for State Street’s earnings of $3.30 per share has been revised 2.8% higher over the past seven days. The figure suggests a 30.4% surge from the year-ago quarter.
The consensus estimate for quarterly sales of $3.85 billion indicates an 11.5% increase.
State Street’s Peers Worth a LookHere are STT’s peers that you may want to consider, as our model shows that these, too, have the right combination of elements to post an earnings beat this time:
The Bank of New York Mellon Corporation (BNY - Free Report) is slated to report second-quarter 2026 results on July 15. The company has a Zacks Rank #2 at present and an Earnings ESP of +0.05%.
Quarterly earnings estimates for BNY have been moved north to $2.20 over the past week.
The Earnings ESP for Northern Trust (NTRS - Free Report) is +0.50% and it carries a Zacks Rank of 2 at present. The company is slated to report second-quarter 2026 results on July 22.
Over the past seven days, the Zacks Consensus Estimate for Northern Trust’s quarterly earnings has been revised upward to $2.68.
MicroStrategy zvýšila rezervy v dolarech na 3 miliardy USD po prodeji akcií za 466,7 milionu USD a bitcoinové zásoby nechala beze změny na 843 775 BTC. MSTR v předobchodní fázi klesly o 3 %.
MicroStrategy, a leading enterprise analytics and software firm, announced an increase to its US dollar cash reserves, adding $466.7 million last week through sales of common stock. The move raised the company’s USD reserve to $3 billion, according to a recent regulatory filing published on Monday.
MicroStrategy’s capital raise and reservesThe proceeds were secured via an at-the-market equity program, which allows the company to sell shares to raise capital as market conditions allow. MicroStrategy reported that it holds this substantial cash reserve to support dividends on its preferred shares and interest payments on its outstanding debt obligations.
Despite recent market volatility, MicroStrategy made no changes to its bitcoin position last week. The firm’s bitcoin holdings remain at 843,775 BTC, a figure that has made it one of the largest corporate holders of the cryptocurrency internationally.
MicroStrategy now holds its US dollar reserve at $3 billion, while its bitcoin position remains unchanged at 843,775 coins acquired for a total of approximately $63.69 billion at an average purchase price of $75,476 per bitcoin.
According to the company, the aggregate purchase price for these bitcoin holdings, including fees and expenses, totals about $63.69 billion. The average purchase price per coin stands at $75,476.
MSTR shares were down 3% in pre-market trading as bitcoin traded at $62,800 following a weekend decline for the largest cryptocurrency by market capitalization.
MetricValueUSD Reserve$3 billionBitcoin Holdings843,775 BTCTotal Bitcoin Purchase Price$63.69 billionAverage Price per Bitcoin$75,476Current Bitcoin Price$62,800MSTR Pre-market Change-3%Founded in 1989 and headquartered in Tysons Corner, Virginia, MicroStrategy is known for its business intelligence and cloud-based analytics platforms. In recent years, the company has become widely recognized for its aggressive bitcoin accumulation strategy, spearheaded by Executive Chairman Michael Saylor.
Crypto market dynamicsBitcoin experienced downward pressure over the weekend, falling through several support levels to its current price of $62,800. The decline in the cryptocurrency’s price corresponded with the drop in MSTR’s stock seen before markets opened.
Other factors, including renewed tensions in the Middle East and ongoing profit-taking across major crypto assets, have added volatility after a bullish streak in the previous week.
Crypto market analysts are closely watching developments in inflation data and earnings reports this quarter, anticipating their effect on both traditional equities and digital assets.
While broader market sentiment has been mixed, MicroStrategy’s steady bitcoin position signals continued confidence in the long-term prospects of the cryptocurrency.
Recent fluctuations have not prompted additional purchases or sales by the company, as its reserves are currently allocated for corporate financial obligations.
MicroStrategy’s dual strategy of maintaining a large bitcoin treasury while securing traditional dollar reserves continues to set it apart from other public companies operating in the digital asset sector.
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.
Cloudflare zpřístupnila Precursor, nástroj pro průběžné behaviorální ověřování proti botům v reálném čase bez zásahů do běžných uživatelů. Funguje jedním kliknutím a sleduje celou relaci v prohlížeči.
Built on one of the world’s largest networks, Precursor is the only defense of its kind to replace disruptive checkpoints to stop evasive bots without slowing down users
SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced the general availability of Precursor, a next-generation, continuous behavioral validation engine for bot management. Built directly on Cloudflare’s edge, Precursor runs seamlessly inside web browsers to monitor entire user sessions in order to detect bot automation. Unlike traditional, static CAPTCHAs, it analyzes ongoing interactions in real time to catch advanced bots, improving detection precision without interrupting legitimate users.
For the first time, automated bot traffic has eclipsed human activity on the Internet, now generating roughly 57% of all web requests. This milestone emphasizes a seismic evolution from an Internet built for human clicks to a digital landscape now dominated by AI agents. For organizations and everyday consumers, this means that legacy defenses are blind to a new breed of automated threats that drive up infrastructure costs, manipulate inventory, and compromise data. While a modern bot can easily fake a single action to pass a one-time security check, replicating an entire human journey remains a massive engineering hurdle. To protect the integrity of the global Internet, organizations must move away from static, point-in-time defenses and embrace continuous behavioral validation—analyzing telemetry across an entire session to unmask automated imposters trying to blend into the crowd.
"Traditional security checks look at a single moment in time, but modern bots have gotten smart enough to fake their way through the front door," said Dane Knecht, CTO of Cloudflare. "Instead of just checking an ID at the gate, we are looking at behavior over the entire visit. This makes life seamless for real users, while making it incredibly difficult and expensive for bad actors to fake human behavior. Cloudflare already protects users billions of times a day at critical moments like login and checkout, but until now, the space between those moments was a black box. With Precursor, we’re now eliminating that blindspot."
Now generally available, Precursor provides a session-level view of site activity by continuously collecting robust browser signals to block unwanted automated traffic through:
Privacy-Led Defense: Built to protect end user confidentiality, Precursor logs aggregate behavioral patterns rather than recording specific user inputs. For example, keyboard activity is recorded exclusively as timing rhythm and cadence—never capturing actual keystrokes. Zero-Code, One-Click Setup: Precursor is enabled with one click, automatically allowing Cloudflare to inject a compact, dynamic script passing through the network, requiring no modifications to underlying code. The script evaluates interaction trail dimensions such as mouse movement, scrolling rhythm, typing cadence, clipboard activity, and page visibility duration. A Real-Time Analysis Engine: Cloudflare's servers instantly unpack the telemetry data sent from a user's browser and scan it for signs of faked or computer-generated activity. We then validate whether interaction streams map rationally to human behavior, such as cross-referencing that pointer activity aligns with page visibility or text fields are focused during typing events. Session-Long Security Measures: Unlike traditional defense challenges that reset per every request, Precursor continuously evaluates the visitor’s user journey across a web or single page application. Automated agents cannot reset their behavioral signatures by refreshing a page, allowing defensive algorithms to adjust a session's Bot Score with compounding context. To learn more, please check out the resources below:
Blog: Introducing Precursor: detecting agentic behavior with continuous client-side signals Cloudflare Precursor About Cloudflare
Cloudflare, Inc. (NYSE: NET) is the leading connectivity cloud company. It empowers organizations to make their employees, applications and networks faster and more secure everywhere, while reducing complexity and cost. Cloudflare’s connectivity cloud delivers the most full-featured, unified platform of cloud-native products and developer tools, so any organization can gain the control they need to work, develop, and accelerate their business.
Powered by one of the world’s largest and most interconnected networks, Cloudflare blocks billions of threats online for its customers every day. It is trusted by millions of organizations – from the largest brands to entrepreneurs and small businesses to nonprofits, humanitarian groups, and governments across the globe.
Learn more about Cloudflare’s connectivity cloud at cloudflare.com/connectivity-cloud. Learn more about the latest Internet trends and insights at radar.cloudflare.com.
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Forward-Looking Statements
This press release contains forward-looking statements 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, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “explores,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of these words, or other similar terms or expressions that concern Cloudflare’s expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding the capabilities and effectiveness of Cloudflare Precursor and Cloudflare’s other products and technology, the benefits to Cloudflare’s customers from using Cloudflare Precursor and Cloudflare’s other products and technology, the timing of when Cloudflare Precursor or any of its related features will be generally available to all current and potential Cloudflare customers, Cloudflare’s technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflare’s CTO. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Cloudflare’s filings with the Securities and Exchange Commission (SEC), including Cloudflare’s Quarterly Report on Form 10-Q filed on May 8, 2026, as well as other filings that Cloudflare may make from time to time with the SEC.
The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Cloudflare undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Cloudflare may not actually achieve the plans, intentions, or expectations disclosed in Cloudflare’s forward-looking statements, and you should not place undue reliance on Cloudflare’s forward-looking statements.
SLB OneSubsea získala od Eni velkou EPC zakázku na 3. fázi hlubokomořského projektu Baleine na Pobřeží slonoviny. Kontrakt pokrývá kompletní subsea systémy pro 13 vrtů.
Integrated subsea production system and local capabilities enable accelerated deepwater development
HOUSTON--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) announced today that its OneSubsea™ joint venture has been awarded a major multi-well engineering, procurement, and construction (EPC) contract by Eni for Phase 3 of the deepwater Baleine project offshore Côte d’Ivoire.
Under the contract, SLB OneSubsea will deliver complete subsea production systems (SPS) for 13 wells, reinforcing its role as a core technology and execution partner on one of the most strategically significant offshore developments currently underway in the region.
The EPC scope includes subsea trees, umbilical, manifolds, multiphase flowmeters and control systems, along with installation, commissioning and life-of-field support. The integrated delivery model is designed to streamline execution and support the project’s fast-track development schedule.
"Baleine Phase 3 brings together scale and execution certainty," said Mads Hjelmeland, chief executive officer of SLB OneSubsea. "Through our subsea production system technology and by leveraging our established local presence, we are supporting Eni’s efforts to advance a complex, deepwater project efficiently while contributing to the long-term development of offshore resources in Côte d’Ivoire."
Project execution will be supported by SLB OneSubsea’s in-country presence and local capabilities, contributing to efficient delivery across the life of the project.
Key points
Eni has awarded SLB OneSubsea a multi-well EPC contract for the Baleine Phase 3 development. The SPS contract covers 13 wells and includes subsea trees, umbilicals, manifolds, flowmeters and control systems, along with installation and commissioning. SLB OneSubsea will execute the project through its established in-country presence and local capabilities, supporting efficient project delivery. About SLB
SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at SLB.com.
About SLB OneSubsea
SLB OneSubsea is driving the new subsea era that leverages digital and technology innovation to optimize our customers’ oil and gas production, decarbonize subsea operations and unlock the large potential of subsea solutions to accelerate the energy transition. OneSubsea is a joint venture backed by SLB, Aker Solutions and Subsea7 headquartered in Oslo and Houston, with 10,000 employees across the world. Find out more at onesubsea.com.
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB’s new technologies and partnerships; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits of SLB’s strategies, initiatives or partnerships; and other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
T. Rowe Price Group oznámila k 30. červnu 2026 aktiva pod správou ve výši 1,893 bilionu USD. V červnu přiteklo čistě 0,8 miliardy USD, za čtvrtletí ale firma vykázala čistý odliv 6,5 miliardy USD.
, /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced June month-end assets under management of $1.89 trillion. Net inflows for June 2026 were $0.8 billion, including a large subadvised equity inflow. Net outflows for the quarter-ended June 2026 were $6.5 billion. Quarterly net flows include $0.5 billion of manager-driven distributions.
The below table shows the firm's assets under management as of June 30, 2026, and for the prior month-, quarter- and year-end by asset class and in the firm's target date retirement portfolios.
As of
(in billions)
6/30/2026
5/31/2026
3/31/2026
12/31/2025
Equity
$ 919
$ 919
$ 810
$ 879
Fixed income, including money market
222
221
215
212
Multi-asset
690
691
625
627
Alternatives
62
61
60
58
Total assets under management
$ 1,893
$ 1,892
$ 1,710
$ 1,776
Target date retirement portfolios
$ 622
$ 623
$ 561
$ 561
Q2 2026 EARNINGS RELEASE AND EARNINGS CALL
T. Rowe Price will release Q2 2026 earnings on Friday, July 31, 2026 at 7:00 AM ET. The company will host an earnings call from 8:00 – 8:45 AM ET that day. To access the webcast and accompanying materials, visit the company's investor relations website at: investors.troweprice.com.
OTHER MATTERS
T. Rowe Price (NASDAQ-GS: TROW) is a leading global asset management firm, entrusted with managing $1.89 trillion in client assets as of June 30, 2026, about two-thirds of which are retirement-related. Renowned for over 85 years of investment excellence, retirement leadership, and independent proprietary research, the firm leverages its long-standing expertise to ask better questions that can drive better investment decisions. Built on a culture of integrity and prioritizing client interests, T. Rowe Price empowers millions of investors worldwide to thrive amidst evolving markets. Visit troweprice.com/newsroom for news and public policy commentary.
Workhorse jmenovala Jody Davis novou finanční ředitelkou, která nahradí odcházejícího Boba Ginnana. Firma uvedla, že má pomoci se zajištěním růstového kapitálu a snižováním nákladů.
DETROIT, July 13, 2026 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse”), a North American OEM and provider of all-electric trucks, step vans, shuttles and buses, today announced the appointment of Jody Davis as Chief Financial Officer (CFO), replacing current CFO Bob Ginnan, who is retiring.
Davis is a finance executive with approximately 15 years of finance leadership experience across manufacturing, energy storage, aerospace, and technology companies, with a track record of closing large capital rounds and guiding development-stage businesses into full production. His experience includes roles in strategic finance, capital formation, capital markets, treasury, financial planning & analytics, as well as building the finance infrastructure needed to support capital intensive companies as they move from development into commercialization and production.
“Jody is a company-builder who has deep and direct experience in numerous areas that are critical to Workhorse at this stage in our journey,” said Scott Griffith, CEO of Workhorse. “His experience raising later-stage growth capital combined with experience developing relationships with analysts and investors will be a strong addition to the Workhorse leadership team. We believe he’s the right CFO for where we are and where we’re going.”
Immediately prior to joining Workhorse, Davis served as Vice President of Strategic Finance at Unimacts, where he led financing initiatives across multiple entities within a complex capital structure. Previously, he served as Chief Financial Officer of Evio, formerly EOS Aircraft Inc., a hybrid-electric regional aircraft program, where he led the strategic repositioning of the business to Montreal, Canada as part of an Industrial and Technological Benefits (ITB) partnership with Boeing Canada. In connection with that transition, he built integrated financial models linking design, production and certification milestones to capital deployment.
Davis was part of the founding team and served as Chief Financial Officer of Our Next Energy, Inc., (ONE), a Michigan-based LFP battery innovator. During his time with the company, ONE scaled from pre-seed stage to production while expanding to approximately 500 employees, and Davis built the finance, human resources, financial planning & analytics functions needed to support this rapid growth. He played a key role across capital formation, various debt structures, investor diligence, board reporting, treasury, working capital discipline, and manufacturing scale-up.
“Workhorse is at an inflection point. I believe it has something rare: a product that already wins on real operator economics, a commercial-grade manufacturing facility, and a customer base that includes many of the largest medium-duty fleets in North America,” said Davis. “Workhorse is in the early stages of an exciting growth plan, and with the right capital partners, I believe there is significant upside ahead. My focus will be to bring in those partners and work to maintain a financial architecture that keeps pace with the opportunity: the right capital structure, rigorous cost management, and the systems that give Workhorse’s team, customers and investors the visibility they need. I’m thrilled to join the Workhorse team and look forward to getting to work.”
The Company believes Davis’ background is well-suited to help Workhorse achieve its near-term priorities, including securing additional growth capital, developing relationships with analysts and institutional investors, and accelerating cost reductions on the W56 and next-generation Class 5–6 platforms. Davis replaces current CFO Bob Ginnan, who is retiring. Ginnan served as CFO at Workhorse since January, 2022, helping the company navigate through several key corporate financial events, including capital raises, a divestiture and the merger with Motiv Electric Trucks.
“I want to thank Bob for his years of leadership and tireless work, including his most recent efforts to assist with finalizing and closing the Workhorse-Motiv merger and his efforts to lead several key aspects of integration,” said Griffith. “We all wish him well.”
About Workhorse Group Inc.
Headquartered in the Detroit area with a commercial-scale manufacturing plant in Union City, Indiana, Workhorse (Nasdaq: WKHS) is redefining what a medium-duty truck should be. Workhorse builds software-first, electric trucks, shuttles and buses that are powerful, cost-efficient, reliable, safe and comfortable — all with zero tailpipe emissions. Our deep experience building electric vehicles at scale drives intentional innovations designed to help customers lower operating costs, improve fleet performance, enhance the driver experience, and maximize uptime without compromise. More information is available at www.workhorse.com.
Media Relations Contacts:
Workhorse
John Williams, Communications
+1-206-660-5503, [email protected]
This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that are not historical facts, including statements regarding the impact of Mr. Davis’ appointment, and those regarding the Company's achievement of its priorities and its other plans, objectives, expectations, business strategies, future operations, financial performance, prospects, and other future events or developments, are forward-looking statements. These forward-looking statements are based on management's current expectations, assumptions, and estimates as of the date of this press release and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties are described in greater detail under the caption "Risk Factors" in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable law.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/92a2014d-8229-4cbb-a588-2b25e1a0886b
Jody Davis, Chief Financial Officer at Workhorse Jody Davis joins Workhorse as CFO, replacing current CFO Bob Ginnan, who is retiring.
Ripple podpořila britskou tokenizační strategii a uvedla, že tokenizované trhy ve Spojeném království by mohly do roku 2035 dosáhnout ročního objemu 33 miliard GBP, tedy asi 45 miliard USD. Firma zároveň pokračuje v práci s britským ministerstvem financí na rozvoji digitálních trhů.
Ripple has announced that onchain financial products are rapidly transforming the global finance sector, signaling a clear shift from the experimental phase of blockchain toward widespread adoption. The technology company, which specializes in digital payment protocols and the XRP Ledger, cited increasing evidence that tokenized funds, bonds, and repurchase agreements (repos) are delivering significant improvements in settlement speed, cost reduction, transparency, and round-the-clock operational efficiency when compared to traditional systems.
UK takes the lead in digital assetsThe UK government has set out a strategic plan to establish itself as a center for tokenized wholesale finance. Ripple stated that the country’s robust capital markets, strong regulatory framework, and long-standing credibility in global finance give it a competitive advantage in driving digital asset innovation.
Industry forecasts suggest tokenized wholesale markets in the UK could achieve up to £33 billion, or approximately $45 billion, in annual economic output by 2035. Advocates claim that moving conventional financial instruments onto blockchain networks could deliver notable economic benefits as well as modernize financial infrastructure.
Ripple projects that tokenized funds, bonds, and repos are already enabling faster settlements, lower operational costs, and continuous market access, supporting the case for blockchain as a core element of future financial infrastructure.
Ripple also confirmed its ongoing participation in the UK Treasury’s Wholesale Digital Markets Taskforce. The Taskforce, working with regulators and private firms, is developing policies to advance the United Kingdom’s digital markets and support the rollout of blockchain-based financial products.
The UK initiative aims to increase the tokenization of real-world assets, including government bonds, corporate debt, money market funds, and repos. These efforts are designed to modernize financial markets while enabling real-time, transparent, and resilient transactions.
Mini dictionary: Repurchase agreement (repo), a short-term loan where one party sells securities to another with an agreement to repurchase them at a set date and price. Repos are widely used in money markets to manage liquidity between financial institutions.
Ripple and institutional adoption of blockchainThe momentum in tokenization is not confined to the UK. Financial institutions around the world are increasingly recognizing the advantages of bringing capital markets onchain. JPMorgan, one of the largest global banks, has underlined the growing importance of tokenized assets and programmable money, describing them as building blocks for the financial market’s next evolution.
Country/InstitutionTokenization StrategyAnnual Output TargetUKWholesale market and real-world asset tokenization£33 billion ($45 billion) by 2035RippleXRP Ledger as core infrastructure for regulated digital marketsGlobal scale (no explicit target)JPMorganAdoption of tokenized assets and programmable moneyNo direct output target statedRipple maintains that the XRP Ledger is well positioned to meet the needs of regulated digital markets. David Schwartz, Ripple’s Chief Technology Officer, has recently highlighted tokenized loans, securities, and repo markets as a significant opportunity for the network, stating that the platform could serve as an institutional backbone for bond issuance, securities processing, tokenized lending, and wholesale funding.
Ripple is working with regulators, financial institutions, and technology partners to shape frameworks that support regulated tokenization and encourage adoption of blockchain solutions in global finance.
As governments and leading institutions accelerate tokenization strategies, Ripple aims to ensure the XRP Ledger is prepared to facilitate large-scale, regulated trading of real-world assets. Observers say that the global financial system is increasingly positioning blockchain not simply as a vehicle for cryptocurrencies but as a foundational technology for markets and payments infrastructure.
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.
Soud v kauze SEC vs. Ripple rozhodl, že XRP samo o sobě není cenný papír. Zároveň ale označil přímý prodej XRP institucionálním investorům v hodnotě 728 milionů dolarů za neregistrovanou nabídku cenných papírů.
Today marks the three-year anniversary of what the digital asset community calls "The XRP Victory Day".
On July 13, Judge Analisa Torres of the U.S. District Court for the Southern District of New York delivered a landmark summary judgment in the SEC v. Ripple Labs case, fundamentally reshaping the cryptocurrency regulatory landscape.
The historic ruling decisively declared that XRP, in and of itself, is not a security.
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The historic Torres rulingThe legal warfare initiated by the U.S. Securities and Exchange Commission (SEC) in December 2020 sought to classify all sales of XRP as unregistered investment contracts.
Judge Torres's final ruling, however, rejected this attempt by relying on the decades-old Howey Test for modern digital assets.
Judge Torres ruled that Ripple’s programmatic sales of XRP on public digital asset exchanges did not constitute the sale of securities. She concluded that retail buyers purchasing tokens on secondary markets through blind bid-ask auctions had no way of knowing their funds were going to Ripple. Consequently, these buyers could not have had a reasonable expectation of profits derived directly from Ripple's effort (hence, it failed a core prong of the Howey Test).
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Conversely, the court sided with the SEC regarding direct institutional sales. Judge Torres ruled that Ripple’s $728 million in direct token sales to institutional players constituted unregistered securities offerings. These sophisticated parties were aware they were purchasing directly from Ripple (and their success depended on the company's efforts).
On the verge of a shutdown In the meantime, recently surfaced statements from Ripple CEO Brad Garlinghouse and Chief Technology Officer David Schwartz confirmed that the company was seriously considering closing its doors. "We almost decided to shut down the company when the SEC sued us," Garlinghouse admitted. "We were like, you know, the government has infinite power and resources." This was due to advice from their lawyers, according to Schwartz.
Aktivita na XRP Ledgeru ožila: označené transakce vyskočily za týden o 28,6 % na 676 800. Počet nových peněženek zůstal na 12 400, což naznačuje vyšší aktivitu stávajících uživatelů.
XRP Ledger app activity has picked up, with tagged transactions jumping 28.6% as more applications become active on the network.
Developer-related activity on the XRP Ledger is showing renewed momentum, with new data pointing to a noticeable rise over the past week. According to an X post from XRPL dUNL validator Vet, source-tagged transactions have increased sharply as more applications and services come live on the ecosystem.
XRP Ledger Records Stronger App Activity According to the data, source-tagged transactions reached 676,800 per week, representing a 28.6% increase compared to the first week of the reporting period.
An accompanying chart shows daily source-tagged transactions trending higher after a noticeable drop in late June. Activity accelerated on the third day of July, with several sessions since then pushing above the 80,000 mark. On July 10, tagged transactions on the XRP Ledger reached 120,000 per day, one of the highest readings on the chart.
XRP Ledger App Activity Spike/Vet Network participation also ticked up during the same timeframe. Average daily active source tags rose to 176, up 13% from the beginning of the reporting period.
Notably, source tags identify the services and applications generating activity on the XRP Ledger. As such, their increase suggests that more platforms are now operating on the network.
Overall, the metric shows that developers are actively deploying newer applications on XRP Ledger. Also, those apps are generating interest, resulting in more source-tagged transactions processed on the Ledger per day.
While the overall activity grew, the data shows that new wallets per week held steady at 12,400. Vet noted that the flat new wallet count suggests that existing users are becoming more active. The current increase in app usage is from users already registered on the network, not primarily from new addresses.
Rising Developer Activity Fueled by “Make Waves?” Vet noted that one possible explanation for the higher level of activity is the ongoing “Make Waves on XRPL” initiative organized by XRPL Commons.
For the uninitiated, the three-month competition started on June 22. XRPL Commons offers 50,000 XRP in rewards to developers who launch live applications on the XRP Ledger mainnet and attract active users and measurable on-chain activity.
The hackathon bases the incentives on working products and does not accept prototypes. At the end of the program on September 21, the best projects will receive a share of the 50,000 XRP prize money.
For context, 25,000 XRP will go to the best overall project, selected by the jury. 5,000 XRP will go to the application with the highest number of users. The project with the highest on-chain volume will receive another 5,000 XRP, while 1,000 XRP will be shared among 15 projects with 300 active users.
Vet suggested that this could be the reason why both tagged transactions and active source tags have climbed together. Nonetheless, this remains unconfirmed.
XRP Whale Activity and Price Decline Despite the increase in app activity, XRP whales have slowed down transactions. Over the past week, transactions exceeding $1 million on the XRP Ledger have dropped from 70 to two, a 97% decline.
At the same time, XRP also pulled back by 6%, as bears continue to dominate market proceedings. At the time of writing, XRP trades at $1.078, continuing to defend key support areas despite weakness.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
UK Treasury zařadilo Ripple do 54členné skupiny pro reformu velkoobchodních trhů s cílem modernizace prostřednictvím tokenizace. Program se zaměří hlavně na fixed-income trhy, DIGIT a tokenizované repo transakce.
The UK Treasury has selected Ripple, the US-based blockchain payments company, as a member of a major government-backed initiative designed to modernize the nation’s wholesale financial markets through tokenization.
Ripple joins top financial institutions in reform groupRipple will be part of a working group composed of 54 organizations, formed under the leadership of Wholesale Digital Markets Champion Chris Woolard and the City of London Corporation. Other members include prominent global financial institutions such as BlackRock, Goldman Sachs, and J.P. Morgan, as well as leading market infrastructure providers Euroclear and Bloomberg.
The government aims to fully replace traditional settlement systems with blockchain technology across wholesale financial markets. This initiative reflects the UK’s ambition to capture a share of the rapidly expanding global market for tokenized real-world assets, which analysts forecast could reach $88 trillion by 2035.
The UK government estimates a transition to on-chain wholesale markets may generate £33 billion in additional annual economic output and boost tax revenues by £14 billion each year by 2035.
By moving established financial activity onto blockchain-based platforms, officials seek to streamline operations and expand the competitive position of London’s financial sector.
Mini dictionary: City of London Corporation, a municipal governing body for the historic center of London, plays a central role in promoting the city as a leading financial hub and supports initiatives aimed at financial innovation and regulation.
Action plan targets digital bonds and tokenized marketsThe group has set a 12-month timetable focused initially on the fixed-income sector, which officials identify as ready for rapid transformation. A key part of the strategy involves launching DIGIT, sovereign digital bonds issued by the UK government, and digitizing collateral markets.
Nine specialized action groups will pursue end-to-end deployment of technological solutions. Their brief also includes live testing of tokenized repurchase (repo) transactions, targeted for completion by spring 2027.
Key Reform TargetImplementation GoalFixed-income marketsImmediate digital transformationDIGIT bondsLaunch as UK sovereign digital bondsTokenized repo transactionsLive end-to-end tests by spring 2027Input from market participants will be collected through September 4, 2026. After this feedback phase, the reform program will advance into implementation, ushering in a new era for Britain’s wholesale capital markets.
Ripple is expected to contribute its global technological expertise to support high-volume institutional transactions as the UK aims for digital innovation in its financial core.
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.
K3 Capital a Abraxas Capital během jedné hodiny vybraly z burz 16 948 ETH za zhruba 30,27 milionu USD. On-chain analytici to berou jako možný signál tiché akumulace Etherea.
Two institutional entities pulled a combined 16,948 $ETH, worth roughly $30.27 million, from centralized exchanges in a single one-hour window on July 13, raising fresh questions about whether sophisticated players are quietly building positions in Ethereum.
The Withdrawals K3 Capital moved 10,000 $ETH (approximately $17.85 million) off @Binance, while Abraxas Capital withdrew 6,948 $ETH (approximately $12.42 million) split across @Binance and @Bitfinex. The tight timeframe of both transactions has drawn attention from on-chain observers, who note that the coordination suggests a deliberate rather than coincidental strategy.
The move is consistent with a pattern that analysts have flagged across the broader market. Large withdrawals from centralized exchanges are often interpreted as a signal of accumulation, typically suggesting that the holder intends to store assets for the long term rather than trade them in the near future. Abraxas Capital has form here too: the firm previously withdrew 33,035 $ETH worth $60 million from Binance and Kraken in a single move, flagged by on-chain analytics platform Lookonchain.
The Bigger Picture The dual withdrawal lands against a backdrop of shifting institutional sentiment toward $ETH. According to CryptoQuant and Glassnode, exchange reserves have trended downward into Q2 2026 as long-term holders and institutions accumulate supply. Staking participation continues to draw liquid supply from the market, and some analysts believe a continuing structural supply shortage could arise from sustained ETF inflows, given that over 30% of circulating $ETH is already staked.
On the ETF side, sentiment has shown early signs of stabilisation. U.S. spot Ethereum ETFs recorded $14.8 million in net inflows on July 1, ending nine consecutive trading days of withdrawals. BlackRock's iShares Ethereum Trust (ETHA) led that rebound with $36.6 million in inflows.
The net outflow of $30.27 million from K3 Capital and Abraxas Capital alone points toward a shift to self-custody or professional staking protocols, though neither firm has publicly confirmed its intentions. Exchange withdrawals of this size often indicate long-term positioning rather than short-term speculation. Whether the move signals the start of a broader institutional accumulation wave or remains an isolated event is something on-chain analysts will be watching closely in the days ahead.
Sources:
Crypto Times: Whales Pull $29M in Ethereum From Binance as Accumulation Grows
Blockchain.news: Abraxas Capital $60M Ethereum Withdrawal
Analytics Insight: Spot Ethereum ETF Outflows Reverse as Institutional Gateways Launch
Ethereum Foundation pomocí koordinovaných AI agentů našla skutečnou chybu: vzdáleně spustitelný pád validátoru, který byl opraven a označen jako CVE-2026-34219.
The Foundation's security team used coordinated AI agents to uncover a remotely triggerable crash, then spent most of its effort weeding out convincing false positives.
Posted July 13, 2026 at 6:19 am EST.
The Ethereum Foundation pointed a fleet of coordinated AI agents at the software that runs the network and came away with a genuine security flaw: a remotely triggerable crash that could take a validator offline until an operator restarts it. The bug was fixed and disclosed as CVE-2026-34219.
In field notes published July 9, the Foundation’s Protocol Security team, writing through researcher Nikos Baxevanis, walked through how it ran the agents and vetted their output.
This story is an excerpt from the Unchained Daily newsletter.
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The more striking finding was about the work itself. Baxevanis wrote that little effort went into finding bugs and most went into separating the real ones from findings that only looked real. Unlike a fuzzer, which returns a crash and a stack trace, an AI agent returns a persuasive narrative, complete with a call chain, a severity rating, and working code, and it reads the same whether the bug is genuine or invented.
That gap has practical stakes as AI reshapes the security threat model. The team catalogued recurring false positives: crashes that only occur in test builds, attacks that work only if a value is planted by hand, and formal proofs that pass without proving anything useful. Agents also struggle with exploits that unfold across a sequence of individually valid steps, the pattern behind several of this year’s costly DeFi attacks, so the Foundation now uses agents to suggest which sequences to test rather than to render a verdict.
The experiment fits a broader shift at the Foundation, which has said it will lean more on AI-assisted verification after deep staff cuts. Its conclusion echoes work by Anthropic and Cloudflare on agent-driven security research: the models can cover far more ground than humans alone, but a person still has to decide what counts as a real bug and what gets disclosed.
Related Listen: Ex-Ethereum Foundation Researchers Launched Their Own Lab: Uneasy Money
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Ethereum treasury firm Bitmine has purchased more ETH over the past week, pushing its holdings above 5.77 million ETH. The BMNR stock has fallen amid the announcement of this latest purchase, while Tom Lee cited the Robinhood Chain as a new bullish catalyst for Ethereum.
Bitmine Acquires 27,801 ETH as Holdings Climb Above 5.77 Million ETH In a press release, the Ethereum treasury firm announced that it acquired 27,801 ETH over the past week. The company’s Chairman, Tom Lee, reiterated that they expect to reach their goal of holdig 5% of the total ETH supply sometime this year.
Bitmine notably holds 5,770,038 ETH, which represets 4.8% of the total ETH supply of 120.7 million. The firm has also staked 4,917,189 out of its holdings, with its annualized staking revenues now projected at $242 million.
It is worth noting that the Ethereum treasury firm has maintained weekly ETH purchases since the start of the year. As CoinGape reported last week, Bitmine purchased 42,197 ETH between June 29 and July 3, around the time the Bitcoin treasury firm Strategy sold over $200 million worth of Bitcoin.
The Ethereum treasury firm continues to double down on its ETH accumulation despite sitting on an unrealized loss of around $9.2 billion, according to DropsTab data. The company has an average purchase price of $3,374 o its Ethereum holdings.
Robinhood Chain As A Catalyst For ETH Tom Lee highlighted the successful launch of the Robinhood Chain as a bullish catalyst for Ethereum. “Robinhood Chain uses ETH as the native gas token. And transaction fees are denominated in ETH, and the finality is settled on Ethereum. Robinhood’s 27 million users are paying crypto fees denominated in ETH. In other words, everyday users are starting to see ETH as money,” he said.
The Bitmine Chairman also noted that the Robinhood Chain’s dollar volume has exceeded $1 billion and that it has more trading volume than any other decentralized exchange (DEX), which he said demonstrates its outstanding utility and product-market fit for Ethereum. CoinGape recently reported that the Robinhood Chain hit 7.6 million daily transactions as it closed o the Base network.
Meanwhile, it is worth mentioning that the BMNR stock is down amid Bitmine’s announcement of its latest Ethereum purchase. The stock is currently trading at around $14.72, down almost 2%, according to TradingView data.
Source: TradingView; BMNR daily chart Please check out our page on Best Platforms to Trade Tokenized Stocks
Williams získá od skupiny vedené Blackstone investici 5,34 miliardy USD za 49% nekontrolní podíl v pěti projektech výroby elektřiny za měřičem. Součástí jsou i Apollo a vozidla a účty spravované KKR.
A logo of Blackstone is pictured in Manhattan, New York City, U.S. July 29, 2025. REUTERS/Mike Segar/File Photo Purchase Licensing Rights, opens new tab
CompaniesJuly 13 (Reuters) - U.S. pipeline operator Williams (WMB.N), opens new tab said on Monday a consortium led by Blackstone (BX.N), opens new tab will invest $5.34 billion for a 49% noncontrolling stake in five of its behind-the-meter power generation projects.
The consortium, which also includes Apollo and insurance vehicles and accounts managed by KKR (KKR.N), opens new tab, will provide $4.4 billion representing 49% of expected growth capital expenditures for the projects, along with about $900 million of additional consideration to Williams.
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The transaction covers the company's Socrates, Apollo, Aquila, Socrates the Younger and Neo projects, part of a broader pipeline of more than 6 gigawatts of power projects that Williams is developing.
Reporting by Sumit Saha in Bengaluru; Editing by Maju Samuel
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Čínská policie zadržela 63 podezřelých v kauze praní peněz přes Tether (USDT); podle úřadů šlo asi o 1,7 miliardy USD v kryptu. Pekingské regulátory zároveň znovu zakázaly neautorizované jüanové stablecoiny a většinu tokenizace aktiv z reálného světa.
China is ramping up its efforts to combat cryptocurrency-related crime, with institutions and prosecutors outlining new frameworks for prosecution and asset disposal as police continue to break up large money laundering rings.
Prosecutors seek new rules for crypto money laundering casesAn opinion article published in the Procuratorate Daily, the official newspaper of the Supreme People’s Procuratorate, presents a detailed approach to tackling crypto-related money laundering in China. Authored by two district prosecutors from Hunan province and a university law professor, the article suggests that prosecutors often rely on broad “concealment” charges, as China’s existing money-laundering laws cover only seven predicate crimes, leaving crypto cases in a legal grey area.
The authors recommend adopting a “double investigation of one case” approach. This would involve screening every underlying crime for possible crypto-related laundering and mapping the flow of any digital assets involved. This proposal builds on a 2024 judicial interpretation from China’s Supreme People’s Court, which treats virtual-asset transactions used for moving criminal proceeds as a form of laundering.
To strengthen the evidentiary process, the article introduces the idea of using “blockchain data self-verification.” Under this principle, on-chain records that match public block explorer data would be regarded as legitimate unless proven otherwise. Reports from blockchain analytics companies, including fund tracing and address clustering, would serve as expert evidence. The article also supports the idea that circumstantial and fragmentary evidence can be acceptable if it presents a coherent narrative, even when not every coin is traced to its origin.
They propose that blockchain data, when verified using on-chain hash values and public explorers, should be assumed genuine unless disputed, while reports from blockchain analytics firms could serve as expert evidence in court.
Mini dictionary: Supreme People’s Procuratorate — This is China’s highest national agency responsible for legal prosecution and investigation of criminal offenses.
The article further addresses the challenge authorities face after seizing crypto assets. With China’s ban on trading, there is no legal method to convert seized tokens to fiat currency, leaving large sums effectively stranded.
Authorities push for official platform to manage seized cryptocurrenciesTo resolve the dilemma of disposing of seized digital assets, the article calls for the creation of a national platform dedicated to the custody and sale of confiscated cryptocurrencies through officially recognized channels, such as directed auctions. This system would rely on an expert committee to value assets accurately using both on-chain data and global exchange prices, and would potentially support cross-border cooperation to trace and recover assets moved abroad.
Currently, local government agencies have circumvented domestic trading bans by discreetly liquidating seized cryptocurrencies through external partners operating in overseas markets, a process previously documented by international agencies.
In 2024 alone, China’s prosecution authorities charged over 3,000 individuals with crypto-related money laundering activities, highlighting the scale of the issue and the urgency for legal reform.
China intensifies crackdown on yuan stablecoins and RWA tokenizationIn a separate move, China’s central bank and nine regulatory agencies issued a joint directive reaffirming the country’s tough stance against crypto activity. The notice, published on Friday, prohibits the creation of any yuan-linked stablecoin without regulatory approval and classifies most projects involving the tokenization of real-world assets as illegal. The statement warns that virtual currencies, stablecoins, and tokenized assets present systemic dangers to financial stability, repeating that cryptocurrencies have no status as legal tender and that trading, issuance, and brokerage activities tied to them are prohibited.
The new notice from China’s central bank, together with other regulators, explicitly bans the issuance of unapproved yuan-backed stablecoins and categorizes most real-world asset tokenization as unlawful.
Chinese police arrest group in $1.7 billion Tether laundering caseChinese law enforcement in Tonglio, a city in Inner Mongolia, announced the arrest of 63 suspects linked to a major Tether-based money laundering network. Authorities began their investigation when they detected unexplained deposits exceeding 10 million yuan at a local bank, prompting anti-money laundering procedures. Subsequent raids resulted in the seizure of 130 million yuan in cash and payment cards potentially connected to the laundering operations.
According to the official statement, the criminal group laundered around $1.7 billion in cryptocurrency, mostly using the Tether (USDT) stablecoin. Tether is a widely used US dollar-pegged digital asset, often used for cross-border transactions but also attracting scrutiny because of its utility in illicit activities.
Mini dictionary: Tether (USDT) — A leading stablecoin designed to maintain a 1-to-1 value with the US dollar, facilitating easy exchange and transfer of value across digital platforms.
Despite banning cryptocurrency trading and mining in 2021, China remains a global hotspot for crypto-based money laundering. Chainalysis, a blockchain analytics firm, estimates that Chinese-language laundering networks processed $16 billion worth of cryptocurrency in 2025 and now account for about 20% of global crypto money laundering. The company’s analysis links the continued prominence of such networks to China’s strict capital controls, as wealthy individuals looking to move assets offshore indirectly fuel laundering operations that also serve international crime syndicates.
YearEstimated Laundered Crypto AmountMajor Enforcement Action2022$1.7 billionMajor ring dismantled in China2024Over $1.7 billion63 suspects arrested, Mongolian city case2025 (projection)$16 billionChinese-language networks process 20% of global totalDisclaimer: 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.
Hyundai Motor America a Hyundai Motor de México dokončily pilotní přeshraniční vypořádání v USD₮ přes Avalanche. V průměru trvalo sedm minut, oproti třem až čtyřem hodinám u běžných mezibankovních převodů.
Global Industrial Conglomerate Hyundai Completes Enterprise Treasury Pilot on Tether USD₮, Moving Corporate Funds Across Global Borders
13 July 2026 – Tether, the largest company in the digital asset industry and the issuer of USD₮, announces the successful completion of the first enterprise cross-border settlement Proof of Concept (POC) between Hyundai Motor America and Hyundai Motor de México through Axiym on the Avalanche blockchain network.
The initiative demonstrated that an enterprise cross-border transfer and verification process could be completed in an average of seven minutes, compared with traditional interbank transfers that typically require three to four hours or more.
As part of the first phase of the POC, Hyundai Motor America (HMA) converted USD 20,000 into USD₮, transferred the stablecoin to Hyundai Motor Mexico (HMM), and converted it back into U.S. dollars. The full process included international transfer and verification, highlighting how stablecoins can support cross-border settlement for global businesses.
While the pilot demonstrated the speed and efficiency of stablecoin-based settlement, it also reflects a broader shift in enterprise finance. The significance extends beyond the transaction itself: one of the world’s largest industrial companies is actively evaluating blockchain-based financial infrastructure for corporate treasury operations. As stablecoins move beyond crypto-native use cases, participation from global enterprises highlights growing interest in using digital dollars to support faster cross-border payments, treasury management, and capital movement.
This achievement builds on Tether’s existing strategic investment in Axiym and reaffirms Tether’s commitment to expanding enterprise and institutional use cases for USD₮ by supporting infrastructure purpose-built to enable compliant, scalable, and efficient global payment settlements. During the POC, Axiym’s regulated settlement infrastructure enabled the near-real-time movement of USD₮, demonstrating faster, more efficient cross-border settlement at enterprise scale.
The PoC went beyond the transaction itself, with Hyundai Card leading the design of the remittance structure and overseeing regulatory review, compliance considerations, accounting requirements, and the operational framework needed to evaluate stablecoin-based settlement between overseas subsidiaries.
As businesses expand across multiple jurisdictions, the ability to move capital quickly, transparently, and efficiently has become a strategic necessity. Stablecoins provide enterprises with a new way to streamline settlement, improve treasury management, and create more efficient global payment flows without compromising existing operational, governance, or compliance standards.
“Stablecoins are becoming a critical part of the next generation of global financial infrastructure,” said Paolo Ardoino, CEO of Tether. “Hyundai’s initiative shows the growing demand for financial infrastructure that can help enterprises to move value across borders with greater speed, efficiency, and transparency. USD₮ is helping bridge traditional finance and blockchain-based infrastructure, offering companies new tools to streamline settlement and unlock new ways to manage global operations effectively.”
The next phase of the initiative will explore additional cross-border corridors and local currency settlement, further evaluating how stablecoins can support broader enterprise payment and treasury workflows.
As global financial infrastructure continues to evolve, the conversation is no longer about whether stablecoins have meaningful real-world applications; it is about how quickly they will become embedded in the systems that power international commerce. Tether remains committed to supporting the technologies, infrastructure, and innovators accelerating that transformation.
Enphase Energy uvedla na trh v Austrálii a na Novém Zélandu nové mikroinvertory IQ9N pro rezidenční solární systémy s technologií GaN. Jsou zpětně kompatibilní s mikroinvertory IQ7 a IQ8 a kompatibilní s bateriemi IQ Batteries.
FREMONT, Calif., July 13, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced the launch of the new IQ9N™ Microinverter for residential solar in Australia and New Zealand, continuing the product's global rollout following recent launches across Europe and the United States. Built with gallium nitride (GaN) technology, IQ9N Microinverters are designed for the latest high-power solar panels and backed by an industry-leading 25-year limited warranty.
IQ9N Microinverters support 16 A of continuous DC current and 427 VA of continuous output power to help maximize energy production from each module. They are backward compatible with IQ7™ and IQ8™ Series Microinverters and compatible with IQ® Batteries, enabling homeowners and installers to expand existing Enphase systems using similar installation methods and accessories. GaN technology enables peak efficiency of up to 97.95% and cooler operation.
IQ9N Microinverters optimize energy from each panel across partial shading, complex roof layouts, and high-temperature conditions, making them well suited to the Australian climate. Enphase’s GaN architecture reduces conduction losses and heat while supporting long-term reliability and consistent performance across seasons. Read the technical white paper, "Enphase Adoption of GaN Bi-Directional Switch Technology for Distributed Power Electronics," for more details.
Like all Enphase microinverters, IQ9N Microinverters convert DC to AC at each panel, eliminating long high-voltage DC runs used in traditional string inverter designs and delivering a safer, all-AC architecture on the roof. Per-panel power conversion also keeps the rest of the system producing even if one panel is shaded, soiled, or offline.
“With some of the highest rooftop solar penetration anywhere in the world, Australian homeowners expect their systems to turn every available ray of sunshine into real savings,” said Kallan Smith, director at GoSolar Newcastle, an installer of Enphase products in the Hunter region of New South Wales, Australia. “IQ9N Microinverters bring Enphase’s latest GaN-based technology to the roof, helping maximize production from each panel while pairing seamlessly with Enphase IQ Batteries to create a truly state-of-the-art, unified home energy system.”
“New Zealand homes need solar technology that can handle real-world conditions – coastal air, fast-changing weather, complex rooflines, and the growing use of higher-power panels,” said James Reid, solar team leader at ElectraServe, an installer of Enphase products in Canterbury, New Zealand. "IQ9N Microinverters let us pair the latest panels with per-panel optimization that captures energy other architectures leave on the roof. Additionally, they enable simple expansion and coupling to the latest technologies."
"Homeowners here want solar that performs for decades, not just on day one," said Luke Rose, director at Helcro Solar, an installer of Enphase products in Greater Melbourne in Victoria, Australia. "The efficiency, reliability, and 25-year warranty of IQ9N Microinverters give us complete confidence in every system we design."
IQ9N Microinverters meet rigorous grid compliance standards, including AS/NZS 4777.2:2020, and are CEC listed. A double-insulated, corrosion-resistant polymer housing and -40°C to +65°C operating range enable them to withstand extreme weather conditions. Built-in rapid shutdown capability helps reduce risk to utility workers and first responders. Homeowners can monitor system performance at the panel level, receive real-time alerts, and benefit from over-the-air software updates through the Enphase® App.
"Australia is one of the world’s most advanced rooftop solar markets and a natural next step in the global expansion of IQ9N Microinverters," said Ken Fong, senior vice president and general manager for Americas and Asia Pacific at Enphase Energy. "IQ9N Microinverters combine our proven distributed architecture with GaN technology in a compact form factor for residential solar.”
IQ9N Microinverters are currently available through Enphase distribution partners in Australia and New Zealand. Learn more about IQ9N Microinverters on the Enphase website.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems, EV chargers, home energy management systems, and virtual power plant (VPP) solutions. Enphase products enable people to harness the sun to make, use, save, and sell their own power, all controlled through the Enphase App. The company revolutionized the solar industry with its microinverter-based technology and has shipped approximately 87.8 million microinverters, with more than 5.2 million Enphase-based systems deployed in over 165 countries. For more information, visit https://enphase.com/.
This press release contains forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy's IQ9N Microinverters and related technology, including safety, quality, and reliability; the suitability of IQ9N Microinverters for residential solar applications and the latest high-power residential solar panels; the expected benefits of gallium nitride-based technology, including higher efficiency, cooler operation, and optimized performance across conditions; the expected benefits of Enphase's distributed microinverter architecture; the availability and timing of IQ9N Microinverter shipments in Australia and globally; the compatibility of IQ9N Microinverters with existing Enphase systems and IQ Batteries; anticipated homeowner and installer adoption of IQ9N Microinverters in Australia and New Zealand; and the scope and terms of Enphase's limited warranty. These forward-looking statements are based on Enphase Energy's current expectations and assumptions and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements. Such risks include, but are not limited to, market demand; competitive developments; changes in incentive programs and regulatory or compliance requirements; the pace of residential solar adoption in Australia, New Zealand, and other markets; manufacturing and supply chain constraints; and other factors discussed in Enphase Energy's filings with the Securities and Exchange Commission, including those risks described in more detail in Enphase Energy's most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and other filings made from time to time with the Securities and Exchange Commission. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, or changes in its expectations, except as required by law.
Kratos získal zakázku v hodnotě přibližně 100 milionů USD na výrobu pozemního modulárního systému pro sledování vesmírného prostoru. Program přechází do výroby.
Ground Based Modular System Recently Demonstrated Mission Effectiveness July 13, 2026 08:00 ET | Source: Kratos Defense & Security Solutions, Inc.
SAN DIEGO, July 13, 2026 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Global Markets, today announced that the company has recently received an approximate $100 million sole source prime contract award for the production of a ground-based modular space domain awareness system. Kratos is an industry leader in space domain awareness, directed energy and other relevant national security systems. Work under this new program award will be performed at secure Kratos production and integration facilities.
Mike Johns, Kratos Senior Vice President, said, “Kratos is proud to have developed, tested and demonstrated this true technology-leading space domain awareness system, which will now be entering production. Our entire organization is extremely proud to have the confidence with our customer to move forward with this mission critical national security system. Based on customer feedback, we believe that this program could in the future become one of the most important for our DRSS business.”
Eric Demarco, Kratos’ President and CEO, said, “We believe that across our company, Kratos has the right, relevant products, at the right time, at the right cost points—products which can be rapidly mass produced and fielded now. There is a generational rebuild and recapitalization of the U.S. defense industrial base under way, including for strategic space systems, to deter and defeat our enemies, and Kratos is committed to supporting the Department of War and the success of its mission.”
Due to security related, competitive and other considerations, no additional information will be provided.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements. At Kratos, affordability is a technology, and we seek to utilize proven, leading-edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions. We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low-cost future manufacturing which is a value-add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers. Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos’ comfort level. Kratos’ primary business areas include virtualized ground systems for satellites and space vehicles including software for command & control (C2) and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, hypersonic vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter. For more information, visit www.KratosDefense.com and follow Kratos on LinkedIn and X.
Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 28, 2025, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.
DTCC plánuje do svého Collateral AppChain integrovat standardy Chainlinku s nasazením ve 4. čtvrtletí roku 2026. Má to zlepšit oceňování, řízení marží, optimalizaci kolaterálu i vypořádání.
The Depository Trust & Clearing Corporation (DTCC), a major US-based post-trade financial services company, will embed Chainlink standards into its Collateral AppChain, with a rollout slated for the fourth quarter of 2026. The integration targets pricing, valuation, margin management, collateral optimization, and streamlined settlement processes within the new blockchain-based layer.
Chainlink standards to power collateral and settlementDTCC has revealed plans to integrate Chainlink’s Runtime Environment into its Collateral AppChain, a specialized blockchain platform designed for collateral management and settlement operations. This environment supports the running of applications governed by shared business rules across interconnected financial systems.
The integration is expected to enhance functions such as real-time pricing, precision valuation, and improved margin calculations for institutional participants. Tools for collateral optimization aim to help firms more efficiently allocate and manage assets while meeting margin requirements and reducing settlement risk.
By leveraging blockchain, DTCC aims to deliver improved consistency in data usage across financial workflows, making key processes more transparent and auditable for participants and regulators.
Mini dictionary: DTCC, or Depository Trust & Clearing Corporation, is a leading provider of clearing and settlement services for US equity, bond, and derivative markets.
Tokenization and Smart NAV pilot inform new integrationThe planned move builds on DTCC’s recent tokenization initiatives, where traditional financial assets are represented and settled on blockchain platforms. Tokenization facilitates improved asset tracking and workflow efficiency, aligning with broader trends in capital markets modernization.
DTCC previously launched its 2024 Smart NAV pilot, which saw collaboration with major institutions, including JPMorgan, BNY Mellon, and Franklin Templeton. The project focused on using Chainlink to distribute fund Net Asset Value (NAV) data across blockchain-based channels securely and reliably.
Chainlink standards are set to be embedded into DTCC’s Collateral AppChain, combining advanced data integrity features with existing settlement infrastructure within the platform. The upcoming Q4 2026 rollout will support essential functions such as pricing, valuation, margining, and collateral optimization, according to project statements from industry participants.
Net Asset Value, or NAV, is a crucial measure in the investment industry, referring to the total value of a fund’s assets minus its liabilities. Precise and auditable NAV figures support both investor confidence and regulatory compliance in fund management.
ProjectScopeKey PartnersYearCollateral AppChainCollateral/settlementDTCC, Chainlink2026 (planned)Smart NAV pilotNAV data distributionDTCC, Chainlink, JPMorgan, BNY Mellon, Franklin Templeton2024Market reaction and LINK holder activityFollowing DTCC’s announcement, market attention around Chainlink has intensified. Chainlink is a blockchain protocol popular for delivering secure external data to smart contracts and supporting tokenized asset solutions in finance.
Some LINK holders, referencing the asset’s growing institutional footprint, have publicly reported new investments. One investor stated that $55,000 was allocated into LINK over the past two months, describing strong confidence in its future utility, while acknowledging such views do not guarantee returns or represent broader market consensus.
One market participant shared an investment of $55,000 into LINK within two months, attributing the decision to Chainlink’s perceived importance in evolving financial infrastructure. They dismissed critics who underestimate Chainlink’s impact, though these remarks represent individual perspectives rather than assured outcomes.
Attention now shifts to the fourth-quarter 2026 launch window, as observers look to track both the technical progress of the Collateral AppChain and its broader implications for adoption of blockchain solutions in traditional finance.
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.
Lawson v srpnu otestuje platby stablecoinů v prodejně Lawson Takanawa Gateway City v Tokiu s HashPort a KDDI. Netstars mezitím spustil Stablecoin Pay pro USDC, USDT a JPYC s poplatkem 0,98 %.
Japanese convenience-store operator Lawson plans to test yen-denominated stablecoin payments at a Tokyo location in August, examining whether stablecoin payments can work inside a standard convenience store checkout flow.
On Monday, blockchain company HashPort said it had signed an agreement with Lawson and telecom group KDDI to conduct the trial at the Lawson Takanawa Gateway City store. Participants will use HashPort's non-custodial wallet, while the store will process payments through the company's point-of-sale system without needing to open or manage crypto wallets.
The pilot aims to explore how stablecoin payments can be integrated into Japan’s existing retail infrastructure while shielding merchants from much of the operational complexity associated with accepting digital assets.
The companies plan to assess integration requirements, checkout operations, payment processing times and wallet usability before considering broader applications.
Netstars launches multi-stablecoin merchant serviceSeparately, Japanese payments company Netstars launched Stablecoin Pay on Monday, opening applications from merchants seeking to accept multiple stablecoins as payment options.
The service initially supports USDC, USDT and the yen-denominated JPYC through the Solana and Polygon networks, with MetaMask as the supported wallet. Netstars set the merchant payment fee at 0.98% and said it plans to add more wallets and blockchains.
With the service, merchants can use existing payment terminals in most cases and handle product pricing, sales records and settlement in yen, even when customers pay with dollar-denominated stablecoins. Netstars said this removes the need to hold crypto or manage exchange rates.
The commercial launch follows Netstars trials involving USDC payments at Tokyo’s Haneda Airport from January to February and at a trading-card store in Himeji from April.
The move from limited pilots to a merchant-facing service comes as Japanese companies build more consumer-facing products around the country’s regulated stablecoin market. On June 1, 2023, Japan introduced a dedicated framework for stablecoins when amendments to the Payment Services Act and related laws took effect.
The rules created regulatory categories for fiat-linked stablecoins and require businesses acting as intermediaries to register with the Financial Services Agency.
The framework was followed by regulatory approval for USDC distribution in March 2025 and by JPYC’s registration as a fund transfer service provider that August, before the stablecoin was launched in October.
Magazine: Has Bitcoin bottomed for this cycle? Analysts say 'not yet'
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Circle získala konečné schválení OCC pro založení národní trust banky Circle National Trust, což posílí federální dohled nad USDC. To může zvýšit důvěru institucí ve stablecoin.
In a significant development for the cryptocurrency sector, Circle has received final approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, named Circle National Trust. This move positions Circle to bring its USDC stablecoin under federal oversight, potentially enhancing institutional confidence in digital currencies. Meanwhile, Senate Democrats have called for hearings on former President Donald Trump’s substantial cryptocurrency earnings amid national security concerns. Additionally, a new law temporarily bans the Federal Reserve from issuing a central bank digital currency (CBDC), although private stablecoins remain unaffected. Lastly, a bug in Ethereum’s gossipsub protocol, discovered by AI agents, has been patched to prevent validator disruptions.
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Key Takeaways Circle’s approval to open a national trust bank appears to enhance market confidence, possibly impacting Bitcoin demand positively. The temporary ban on a Fed-issued CBDC, while leaving private stablecoins unaffected, suggests a complex regulatory landscape for digital currencies. The Ethereum bug patch indicates proactive measures in the blockchain space to ensure network stability and security. What to Watch Markets will likely monitor the impact of Circle’s new federal status on institutional interest in cryptocurrencies, which could influence Bitcoin’s market dynamics. Attention will also be on regulatory developments, particularly any changes in the stance of U.S. lawmakers towards digital currencies. The resolution of the Ethereum bug demonstrates the importance of ongoing technical vigilance, suggesting that further discoveries or patches could continue to affect sentiment within the crypto space.
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Term Structure
Contract Odds Δ since publish Volume 24h July 13 2026 99.9% — — View market → July 13 2026 99.2% — — View market → July 13 2026 93.2% — — View market → July 13 2026 0.1% — — View market → July 13 2026 0.1% — — View market → July 13 2026 0.1% — — View market → July 13 2026 6.6% — — View market → July 13 2026 0.1% — — View market → July 13 2026 99.9% — — View market → July 13 2026 99.9% — — View market →
Chesapeake Utilities a Peninsula Pipeline oznámily projekt Florida Energy Pathway, nový intrastátní plynovod v jižní Floridě s investicí kolem 1,2 miliardy USD. Má být uveden do provozu v roce 2030 a podpořit kapacitu i spolehlivost dodávek.
, /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) (the "Company" or "Chesapeake Utilities") and its subsidiary, Peninsula Pipeline Company ("PPC"), today announced the Florida Energy Pathway ("FEP"), a new intrastate natural gas infrastructure project in south Florida. This project will be developed, constructed and operated by PPC in order to expand natural gas transportation capacity to address regional supply constraints, enhance system reliability and extend natural gas infrastructure to serve homes and businesses.
FEP is anticipated to be a 24-inch intrastate natural gas pipeline originating in Palm Beach County and terminating in Miami-Dade County. The project is anchored by firm commitments totaling nearly 250,000 dekatherms per day from multiple investment grade shippers. Upstream capacity will be supplied by Florida Gas Transmission in conjunction with its Phase IX expansion. PPC is also accepting binding commitments with additional shippers for firm transportation service.
Total project investment is estimated to be approximately $1.2 billion, pending finalization of design and development activities. The project is anticipated to be in service in 2030, subject to final commissioning. Chesapeake Utilities is evaluating options for financing the project and intends to partner with one or more third parties to invest in and own up to 49% of the total project.
"Florida continues to lead the nation in population and economic growth, which drives increasing energy demand. In the south Florida area, this has led to significant energy supply constraints. Natural gas infrastructure expansions, including the Florida Energy Pathway project, play an important role in enabling regional growth, increasing natural gas capacity and supporting long-term energy independence," said Jeff Householder, Chesapeake Utilities chair of the board, president and chief executive officer.
"Florida Energy Pathway represents a long-term, regulated, organic growth opportunity and aligns strategically with our natural gas transportation expertise, above-average growth expectations and increased presence in south Florida following the acquisition of Florida City Gas. We are excited to bring this project online to serve our customers' needs and deliver energy that strengthens our local economies and communities."
Chesapeake Utilities will discuss this project in further detail and address its long-term capital investment expectations on its second quarter earnings call in August.
About Chesapeake Utilities Corporation
Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange. Chesapeake Utilities Corporation offers sustainable energy solutions through its natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions, and other businesses. For more information, visit www.chpk.com.
About Peninsula Pipeline Company
Peninsula Pipeline Company (PPC) is Chesapeake Utilities' intrastate transmission business in Florida. PPC provides transportation service that links interstate pipelines to local distribution systems, industrial customers and power generation facilities. For more information, visit www.peninsula-pipeline.com/.
Forward-Looking Statements
Matters included in this release may include forward-looking statements that involve risks and uncertainties. Forward-looking statements include, but are not limited to, statements regarding project investment, timeline and financing. Actual results may differ materially from those in the forward-looking statements due to a number of factors, including uncontrollable authorization and construction impediments. Please refer to the Safe Harbor for Forward-Looking Statements in the Company's 2025 Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the first quarter of 2026 for further information on the risks and uncertainties related to the Company's forward-looking statements.
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, /PRNewswire/ -- InMode Ltd. (NASDAQ: INMD), a leading global provider of innovative medical technologies, announced today that it expects to release its financial results for the second quarter of 2026 before the Nasdaq market opens on Wednesday, August 5, 2026.
InMode is currently finalizing its financial results for the second quarter of 2026. While complete financial information and operating data are not yet available, set forth below are certain preliminary results such period, subject to final adjustments and other developments that may arise between now and the time such financial results are finalized. Based on preliminary results, management expects:
Revenue for the second quarter of 2026 to be in the range of $95.2 million to $95.4 million Full year 2026 revenue to be in the range of $365 million to $375 million As the Company's Special Committee continues its evaluation of strategic proposals, the Company will not host an investor conference call or webcast in connection with this earnings release and will not be conducting investor meetings at this time.
About InMode
InMode is a leading global provider of innovative medical technologies. InMode develops, manufactures, and markets devices harnessing novel radio frequency ("RF") technology. InMode strives to enable emerging surgical procedures as well as improve existing treatments. InMode has leveraged its medically accepted minimally invasive RF technologies to offer a comprehensive line of products across several categories for plastic surgery, gynecology, dermatology, otolaryngology, and ophthalmology. For more information about InMode, please visit www.inmodemd.com.
Forward-Looking Statements
The information in this press release includes forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or InMode's future financial or operating performance. Actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. In some cases, you can identify these statements because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "will," "would" and similar expressions that concern our expectations, strategic plans or intentions. Forward-looking statements are based on management's current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Consequently, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in InMode's Annual Report on Form 20-F filed with the Securities and Exchange Commission on February 10, 2026, and our subsequent public filings. InMode undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which pertain only as of the date of this press release.
First Hawaiian se dohodla na převzetí TriCo v čistě akciové transakci; kombinovaná banka bude mít zhruba 34 miliard USD aktiv a vznikne 6. největší banka se sídlem na západě USA.
HONOLULU and CHICO, Calif., July 13, 2026 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ: FHB) ("First Hawaiian"), parent company of First Hawaiian Bank, and TriCo Bancshares (NASDAQ: TCBK) ("TriCo"), parent company of Tri Counties Bank, today announced they have entered into a definitive agreement pursuant to which First Hawaiian will acquire TriCo in an all-stock transaction.
This partnership combines two culturally aligned, relationship-driven banking franchises with attractive deposit bases, disciplined credit cultures and deep local market positions. On a combined basis, the company will have approximately $34 billion of assets and be the 6th largest bank headquartered in the Western U.S. This partnership will increase First Hawaiian’s presence on the mainland and offer customers the full suite of banking capabilities and expand the combined bank’s market areas to include a more diverse geography. The combined bank is expected to leverage its strong capital position, liquidity profile and credit quality to deliver enhanced earnings and generate long-term value to shareholders.
“This partnership creates a broader platform for long-term growth,” said Bob Harrison, Chairman, President and CEO of First Hawaiian. “TriCo is an ideal partner to execute this next phase of our growth: a well-managed, relationship-focused bank in California with a strong deposit franchise, disciplined credit culture, experienced local leadership and deep commitment to its communities. Together, we will preserve what has made both companies successful while creating a stronger and more diversified bank. I could not be more excited to partner with TriCo.”
“TriCo has built its franchise around long-term customer relationships, local decision-making and a commitment to the communities we serve,” said Rick Smith, Chairman, President and CEO of TriCo. “First Hawaiian shares those values and brings the scale, capital strength and broader product capabilities to help us do even more for our customers and communities. We are excited for our employees and shareholders to participate in the future of the combined company, and we look forward to working closely with Bob and the First Hawaiian team.”
Pursuant to the terms of the agreement, TriCo’s shareholders will receive 2.095 First Hawaiian shares for each TriCo share, representing $63.12 per share as of First Hawaiian’s closing stock price on July 10, 2026. Upon closing of the transaction, First Hawaiian and TriCo shareholders are expected to own approximately 65% and 35%, respectively, of the combined company. Four current TriCo directors, including Rick Smith, will join the First Hawaiian and First Hawaiian Bank Boards of Directors, with the remaining three to be mutually agreed upon by First Hawaiian and TriCo prior to the closing. To ensure business and client continuity, leadership will include representation from both organizations and First Hawaiian will retain Tri Counties Bank branding on the mainland. There are no expected branch closings associated with the transaction and TriCo’s commitment to its communities is not expected to change.
The Boards of Directors of First Hawaiian and TriCo unanimously approved the definitive agreement and the parties expect to close the transaction by the end of 2026, subject to the receipt of required regulatory approvals, approval by First Hawaiian and TriCo shareholders and the satisfaction of customary closing conditions.
Second Quarter 2026 Financial Highlights
The announcement precedes First Hawaiian’s release of its financial results for the second quarter ended June 30, 2026. The following are key highlights of the results the company expects to report on July 24, 2026:
Continued earnings growth, with net income of $73.4 million and diluted EPS of $0.60, compared to net income of $67.8 million and diluted EPS of $0.55 in the prior quarterCost of deposits improved 2 basis points to 1.20% from 1.22% in the prior quarterNet interest margin expanded by 6 bps QoQ to 3.25%Return on average assets improved to 1.23%, up 9 bps from 1.14% in the prior quarterReturn on average tangible common equity of 16.3%, compared to 15.3% in the prior quarter*Gross loans increased to $14.6 billion, compared to $14.4 billion in the prior quarterBook value per share increased to $23.22, up from $22.75 in the prior quarterTangible book value per share of $15.04, reflecting 3% QoQ growth* * Return on average tangible common equity and tangible book value per share are non-GAAP financial measures. Refer to the appendix to the investor presentation furnished by FHI as an exhibit to Form 8-K with the U.S. Securities and Exchange Commission on the date of this release for further information, including a reconciliation of those measures to the comparable GAAP measurements.
These preliminary results are estimates based on information available to management of FHI as of the date of this release and are subject to change upon completion of FHI's standard closing procedures and review by its independent registered public accounting firm. As a result, there can be no assurance that FHI's final results will not differ from these preliminary estimates.
Advisors
Evercore served as financial advisor and Sullivan & Cromwell LLP served as legal counsel to First Hawaiian.
Keefe, Bruyette & Woods, A Stifel Company served as financial advisor and Holland & Knight LLP served as legal counsel to TriCo.
Conference Call Information
First Hawaiian and TriCo will host a conference call today to discuss the transaction at 8:30 a.m. Eastern Time, 5:30 a.m. Pacific Time and 2:30 a.m. Hawaii Time.
To access the call by phone, please register via the following link: https://register-conf.media-server.com/register/BI2891c10b1f314068b969f7a768bfea65, and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time.
A live webcast of the conference call, including a slide presentation, will be available at the following link: https://edge.media-server.com/mmc/p/zk2u4mjj. The archive of the webcast will be available at the same location.
First Hawaiian, Inc.
First Hawaiian, Inc. (NASDAQ: FHB) is a bank holding company headquartered in Honolulu, Hawaii. Its principal subsidiary, First Hawaiian Bank, founded in 1858 under the name Bishop & Company, is Hawaii’s oldest and largest financial institution with branch locations throughout Hawaii, Guam and Saipan. The company offers a comprehensive suite of banking services to consumer and commercial customers including deposit products, loans, wealth management, insurance, trust, retirement planning, credit card and merchant processing services. Customers may also access their accounts through ATMs, online and mobile banking channels. For more information about First Hawaiian, Inc., visit the Company’s website, www.fhb.com.
TriCo Bancshares
Established in 1975, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares (NASDAQ: TCBK) headquartered in Chico, California, providing services in traditional stand-alone and in-store bank branches and loan production offices in communities throughout California. Tri Counties Bank provides an extensive and competitive breadth of consumer, small business and commercial banking financial services, along with convenient around-the-clock ATMs, online and mobile banking access. Brokerage services are provided by Tri Counties Advisors through affiliation with Raymond James Financial Services, Inc. Visit www.TriCountiesBank.com to learn more.
Forward-Looking Statements
This communication may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, among others, statements regarding the expected timing, completion and effects of the proposed business combination transaction between First Hawaiian, Inc. (“FHI”) and TriCo Bancshares (“TriCo”) (the “Transaction”), and the plans, objectives, expectations and intentions of FHI and TriCo. Any statement that does not describe historical or current facts is a forward-looking statement. Forward-looking statements are often, but not always, made through the use of words or phrases such as “annualized,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “goal,” “intend,” “may,” “might,” “outlook,” “plan,” “potential,” “predict,” “projection,” “seek,” “should,” “target,” “will,” “would” or the negative version of those words or other comparable words or phrases of a future or forward-looking nature.
FHI and TriCo caution that the forward-looking statements in this communication are not guarantees of future performance and involve a number of known and unknown risks, uncertainties and assumptions that are difficult to assess and are subject to change based on factors which are, in many instances, beyond FHI’s and TriCo’s control. A number of important factors could cause actual results to differ materially from those indicated in these forward-looking statements, including the following: changes in general economic, political, or industry conditions, and in conditions impacting the banking industry specifically; uncertainty in U.S. fiscal, monetary and trade policy, including the interest rate policies of the Federal Reserve Board or the effects of any declines in housing and commercial real estate prices, high or increasing unemployment rates, continued or renewed inflation, the impact of proposed or imposed tariffs by the U.S. government or retaliatory tariffs proposed or imposed by U.S. trading partners that could have an adverse impact on customers or any recession or slowdown in economic growth particularly in the markets in which FHI and TriCo conduct business, including Hawaii, Guam, Saipan and California; volatility and disruptions in global capital and credit markets; the impact of bank failures or adverse developments at other banks on general investor sentiment regarding the stability and liquidity of banks; changes in interest rates that could significantly reduce net interest income and negatively affect asset yields and valuations and funding sources, including impacts on prepayment speeds; competitive pressures among financial institutions and nontraditional providers of financial services, including on product pricing and services; concentrations within FHI’s or TriCo’s loan portfolio (including commercial real estate loans) or other asset classes, and the parties’ ability to attract and retain customer deposits, large loans to certain borrowers, access liquidity and capital, and manage deposit costs and funding sources; the success, impact, and timing of FHI’s and TriCo’s respective business strategies, including market acceptance of any new products or services and FHI’s and TriCo’s ability to successfully implement strategic, operational, technology and integration initiatives; the failure to properly use and protect customer and employee information and data; cybersecurity risks, including the occurrence of fraudulent activity or a material breach of, or disruption to, the security of FHI’s, TriCo’s or their vendors’ systems; risks related to the development, implementation, use and management of artificial intelligence and other emerging technologies; the effects of failures or interruptions of information, communications or third-party service-provider systems; the nature, extent, timing, and results of governmental actions, examinations, reviews, reforms, regulations, and interpretations; changes in laws or regulations; adverse weather conditions, natural disasters and other catastrophic events such as wildfires; the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the merger agreement to which FHI and TriCo are parties; the outcome of any legal proceedings that may be instituted against FHI or TriCo, including potential litigation relating to the Transaction; delays in completing the Transaction; the failure to obtain necessary regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the Transaction); the failure to obtain stockholder or shareholder approvals, as applicable, or to satisfy any of the other conditions to the closing of the Transaction on a timely basis or at all; changes in FHI’s or TriCo’s share price before closing, including as a result of the financial performance of the other party prior to closing, or more generally due to broader stock market movements, and the performance of financial companies and peer group companies; the possibility that the anticipated benefits of the Transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where FHI and TriCo do business; certain restrictions during the pendency of the proposed Transaction that may impact the parties’ ability to pursue certain business opportunities or strategic Transactions; the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management’s attention from ongoing business operations and opportunities; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the Transaction; the ability to complete the Transaction and integration of FHI and TriCo promptly and successfully; the dilution caused by FHI’s issuance of additional shares of its capital stock in connection with the Transaction; and other factors that may affect the future results of FHI and TriCo.
The foregoing factors should not be considered an exhaustive list and should be read together with the other cautionary statements set forth in FHI’s Annual Report on Form 10-K for the year ended December 31, 2025 and its latest Quarterly Report on Form 10-Q, which are on file with the Securities and Exchange Commission (the “SEC”) and available on FHI’s investor relations website, https://ir.fhb.com, under the heading “SEC Filings,” and in other documents FHI files with the SEC, and in TriCo’s Annual Report on Form 10-K for the year ended December 31, 2025 and its latest Quarterly Report on Form 10-Q, which are on file with the SEC and available on TriCo’s website, www.tcbk.com, under the “About” tab and the “Investor Relations” link and then under the heading “SEC Filings” and in other documents TriCo files with the SEC. If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. Accordingly, you should not place undue reliance on any such forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is made, and neither FHI nor TriCo undertakes any obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by applicable law.
Important Additional Information and Where to Find It
In connection with the proposed Transaction, FHI will file with the SEC a Registration Statement on Form S-4 that will include a Joint Proxy Statement of FHI and TriCo and a Prospectus of FHI, as well as other relevant documents concerning the Transaction. Certain matters in respect of the Transaction involving FHI and TriCo will be submitted to FHI’s stockholders and TriCo’s shareholders, as applicable, for their consideration.
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. INVESTORS, FHI STOCKHOLDERS AND TRICO SHAREHOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE TRANSACTION WHEN THEY BECOME AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Stockholders or shareholders, as applicable, will be able to obtain a free copy of the definitive joint proxy statement/prospectus, as well as other filings containing information about the Transaction, FHI and TriCo, without charge, at the SEC’s website, www.sec.gov. Copies of the joint proxy statement/prospectus and the filings with the SEC that will be incorporated by reference in the joint proxy statement/prospectus can also be obtained, without charge, by directing a request to First Hawaiian, Inc., Attention: Secretary, 999 Bishop Street, Honolulu, HI 96813, (808) 525-7000 or to TriCo Bancshares, Attention: Shareholder Services, 63 Constitution Drive, Chico, CA 95973, (530) 898-0300.
Participants in the Solicitation
FHI, TriCo, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from FHI stockholders or TriCo shareholders in connection with the Transaction under the rules of the SEC. Information regarding FHI's directors and executive officers is available in the sections entitled “Directors, Executive Officers and Corporate Governance” and “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” in FHI's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, which was filed with the SEC on February 27, 2026 (available at https://www.sec.gov/ix?doc=/Archives/edgar/data/36377/000110465926021544/fhb-20251231x10k.htm); in the sections entitled “Corporate Governance and Board Matters,” “Compensation Discussion and Analysis,” “Executive Compensation Tables,” “Biographies of Executive Officers” and “Security Ownership of Certain Beneficial Owners, Directors and Management” in FHI's definitive proxy statement relating to its 2026 Annual Meeting of Stockholders, which was filed with the SEC on March 12, 2026 (available at https://www.sec.gov/ix?doc=/Archives/edgar/data/36377/000110465926026700/tm2532317-1_def14a.htm); and other documents filed by FHI with the SEC. Information regarding TriCo's directors and executive officers is available in the sections entitled “Directors, Executive Officers and Corporate Governance” and “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters;” in TriCo's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, which was filed with the SEC on March 2, 2026 (available at https://www.sec.gov/ix?doc=/Archives/edgar/data/356171/000035617126000010/tcbk-20251231.htm); in the sections entitled “Board of Directors,” “Corporate Governance, Board Nominations and Board Committees,” “Compensation of Directors,” “Ownership of Voting Securities,” “Compensation Discussion and Analysis” and “Compensation of Named Executive Officers” in TriCo's definitive proxy statement relating to its 2026 Annual Meeting of Shareholders, which was filed with the SEC on April 17, 2026 (available at https://www.sec.gov/ix?doc=/Archives/edgar/data/356171/000035617126000033/tcbk-20260417.htm); and other documents filed by TriCo with the SEC. To the extent holdings of FHI common stock by the directors and executive officers of FHI or holdings of TriCo common stock by directors and executive officers of TriCo have changed from the amounts held by such persons as reflected in the documents described above, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus relating to the Transaction. Free copies of this document, when available, may be obtained as described in the preceding paragraph.
Contacts
First Hawaiian Investor Relations: Kevin Haseyama, CFA, (808) 525-6268, [email protected]
First Hawaiian Media Relations: Bill Weeshoff, (808) 525-6229, [email protected]
TriCo Investor Contact: Peter G. Wiese, (530) 898-0300 [email protected]
Curaleaf jako první získala ve Španělsku registraci pro dva standardizované konopné přípravky podle nového rámce. Přípravky s THC a CBD mohou být dodávány do nemocničních lékáren.
Milestone reinforces Curaleaf's leadership in bringing pharmaceutical-grade cannabis products to emerging international markets
, /PRNewswire/ -- Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer cannabis products, today announced that the Spanish Agency of Medicines and Medical Devices ("AEMPS") has formally approved the registration of two standardized cannabis preparations (THC-dominant and CBD-dominant) developed by Curaleaf's Spanish manufacturing subsidiary. These registrations clear the regulatory pathway for the supply of preparations to hospital pharmacies, where they can be used in the production of magistral formulas pursuant to medical prescription. Based on the official registry numbering (CAN-1 and CAN-2), Curaleaf is the first company to register standardized cannabis preparations in Spain under the country's new regulatory framework, Royal Decree 903/2025.
Approved by Spain's Council of Ministers on October 7, 2025, Royal Decree 903/2025 establishes Spain's regulatory framework for the medicinal use of standardized cannabis preparations, setting out the requirements for their production, quality standards, and registration with AEMPS. It provides, for the first time, a clear national pathway for patients to access standardized cannabis preparations through the healthcare system. Curaleaf's registrations under this new framework mark one of the first steps in bringing that pathway to life.
The registrations build on Curaleaf's long-established presence in Spain, where the Company operates an EU-GMP certified manufacturing facility and R&D laboratory in Alicante. In May 2020, Curaleaf's EU-GMP laboratory, Medalchemy SL, secured the first-ever license granted by AEMPS to process medicinal cannabis derivatives for commercial distribution, an early milestone that laid the foundation for today's achievement.
'Spain, a country of nearly 50 million people, has always been central to Curaleaf's vision for Europe, and this registration is a defining moment for us," said Boris Jordan, CEO and Chairman of Curaleaf. "We were the first company to be licensed here in 2020, and we believe we are the first to register under this new framework today. This achievement reflects the strength of our team, our sustained investment in science, and our conviction that patients deserve access to standardized, high-quality cannabis medicines."
The standardized preparations are expected to become available to patients through hospital pharmacies in due course, in line with the requirements of the new framework. Curaleaf will continue to work alongside healthcare professionals and partners to support access as Spain's regulated system takes shape.
About Curaleaf Holdings
Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) ("Curaleaf") is a leading international provider of consumer products in cannabis with a mission to enhance lives by cultivating, sharing and celebrating the power of the plant. As a high-growth cannabis company known for quality, expertise and reliability, the Company and its brands, including Curaleaf, Select, Grassroots, Find, Dark Heart, and Anthem, provide industry-leading service, product selection and accessibility across the medical and adult use markets. Curaleaf International is powered by a strong presence in all stages of the supply chain. Its unique distribution network throughout Europe, Canada and Australasia brings together pioneering science and research with cutting-edge cultivation, extraction and production. Curaleaf is listed on the Toronto Stock Exchange under the symbol CURA and trades on the OTCQX market under the symbol CURLF. For more information, please visit https://ir.curaleaf.com.
Forward Looking Statement
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward–looking statements or information. Generally, forward-looking statements and information may be identified by the use of forward-looking terminology such as "plans", "expects" or "proposed", "is expected", "intends", "anticipates", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. More particularly and without limitation, this news release contains forward-looking statements and information concerning the expected availability of the Company's standardized cannabis preparations to patients through hospital pharmacies in Spain, the timing thereof, the anticipated implementation and rollout of Spain's regulatory framework for the medicinal use of standardized cannabis preparations under Royal Decree 903/2025, and the Company's ability to support patient access as that framework takes shape. The availability of these preparations is subject to the requirements of the new regulatory framework, the discretion of Spanish health authorities, and the pace at which the regulated system is implemented and may be delayed or may not occur as anticipated. There can be no assurance that any of these potential effects will be realized within the expected timeframe or at all, as implementation depends on regulatory action and other factors outside the Company's control. Such forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the Company with respect to the matter described in this news release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and uncertainties is contained under "Risk Factors and Uncertainties" in the Company's latest annual information form filed on February 26, 2026, which is available under the Company's profile on SEDAR+ at www.sedarplus.ca, and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements contained herein are made only as to the date of this press release and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. The Toronto Stock Exchange has not reviewed, approved or disapproved the content of this news release.
Payoneer otevřel v Gurugramu nové inovační centrum, které má posílit vývoj AI a globální platformu firmy. Centrum bude sloužit jako klíčové technologické a provozní centrum pro růst v Indii i po celém světě.
Strategic investment positions India as both growth market and critical R&D center for AI-
powered fintech transformation
, /PRNewswire/ -- Payoneer (NASDAQ: PAYO), the global financial technology company powering business growth across borders, today announced the opening of its new innovation hub in Gurugram, serving as a key center for technology development and business operations. The Gurugram hub is currently home to teams spanning engineering, go-to-market, and Workforce Management, with plans to continue growing as Payoneer invests in innovation and global growth.
The Gurugram hub will play a central role in advancing Payoneer's AI capabilities, bringing together engineering, product, data, AI, compliance technology, workforce management, commercial, and operational teams to accelerate innovation and build core platform capabilities and AI-enabled experiences. This work will strengthen Payoneer's global enterprise marketplaces payout capabilities while supporting the cross-border payments and operational needs of businesses operating in India and around the world.
Payoneer chose Gurugram for its exceptional engineering and AI talent, as well as its ability to enable seamless collaboration across time zones and with teams around the globe. The hub will support around-the-clock product development, helping to accelerate innovation for customers worldwide.
Oren Ryngler, Chief Product and Technology Officer, Payoneer, said, "India is central to how we're building Payoneer's future. As we work towards becoming an AI-native company, the work happening in Gurugram will directly shape our global platform. This hub is where we're building key capabilities for our enterprise marketplace clients, financial services and workforce management, and expanding the next generation of our core capabilities. Gurugram is central to our worldwide innovation strategy - not a support site - and I'm excited about what our teams will build here."
Gaurav Gupta, SVP and Platform Site Leader – India, Payoneer, added, "India is both a critical growth market and where we're building core Platform capabilities that serve our customers globally. India today combines one of the world's deepest pools of fintech and AI engineering talent, making it uniquely positioned for this moment as AI moves from experimentation to enterprise deployment. We're attracting elite AI and engineering experts here to solve complex problems at scale, allowing us to stay close to our customers while accelerating innovation for businesses around the world."
Payoneer continues to expand its presence in one of the world's fastest growing business ecosystems. As Indian entrepreneurs and businesses increasingly operate across multiple markets, currencies and regulatory environments, they need financial infrastructure built for global growth. With its in-principle authorization from the Reserve Bank of India to operate as a Payment Aggregator and recent acquisitions, including Skuad (now Payoneer Workforce Management), Payoneer is positioned to support businesses with localized offerings backed by global capabilities and deep market understanding.
Payoneer will officially celebrate the hub's opening at the Sector 42 office on July 13, 2026.
About Payoneer
Payoneer is the financial platform for cross-border business and global payments. Payoneer empowers millions of businesses with the financial tools and services they need to grow and transact globally with confidence. We make it easier for businesses, particularly in emerging markets, to connect to the global economy, pay and get paid across borders, manage their funds across multiple currencies, and grow their businesses.
For more information, visit www.payoneer.com.
Forward-Looking Statements
This press release includes, and oral statements made from time to time by representatives of Payoneer, may be considered "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Payoneer's future financial or operating performance. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expect," "intend," "plan," "will," "estimate," "anticipate," "believe," "predict," "potential" or "continue," or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Payoneer and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) our ability to complete our merger with Nuvei on the expected terms or according to the anticipated timeline; (2) changes in applicable laws or regulations; (3) the possibility that Payoneer may be adversely affected by geopolitical events and conflicts, such as Israel's and the United States' conflicts in the Middle East, and other economic, business and/or competitive factors, such as changes in global trade policies (including the imposition of tariffs); (4) changes in the assumptions underlying our financial estimates; (5) the outcome of any known and/or unknown legal or regulatory proceedings; and (6) other risks and uncertainties set forth in Payoneer's Annual Report on Form 10-K for the period ended December 31, 2025 and future reports that Payoneer may file with the SEC from time to time. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Payoneer does not undertake any duty to update these forward-looking statements.
Alcoa zveřejní hospodářské výsledky za 2. čtvrtletí po uzavření trhu ve čtvrtek 16. července. Analytici čekají zisk 2,24 USD na akcii a tržby 4,12 miliardy USD.
Alcoa Corporation (NYSE:AA) will release its second quarter earnings report after the closing bell on Thursday, July 16.
Analysts expect the Pittsburgh, Pennsylvania-based company to report quarterly earnings of $2.24 per share, up from 39 cents per share in the year-ago period. The consensus estimate for Alcoa’s quarterly revenue is $4.12 billion. It reported $3.02 billion last year, according to Benzinga Pro.
On June 30, Alcoa announced it will acquire South32’s interest in bauxite mine, alumina refinery and aluminum smelter operations.
Alcoa shares fell 0.1% to close at $48.68 on Friday.
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.
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Růst cen ropy a plynu po eskalaci na Blízkém východě podporuje dolar a tlačí EUR/USD dolů. Pár může v nejbližších dnech a týdnech mířit k 1.1350 až 1.1300.
Energy prices are once again setting the tone for currency markets, with the renewed tensions in the Middle East reinforcing the dollar’s appeal while weighing on low-yielding and energy-importing currencies. As oil and natural gas prices climb, investors are becoming increasingly reluctant to price out further Fed tightening, providing the greenback with another tailwind. This is keeping the near-term EUR/USD forecast tilted to the downside.
Dollar remains bid as oil climbs on fresh escalation At the weekend, the US launched fresh strikes on dozens of Iranian military targets after Iran attacked commercial shipping in the Strait of Hormuz. Targets reportedly included air-defense systems, radar installations, missile and drone capabilities, and naval assets. In retaliation, Iran said it targeted US military bases in Jordan, Bahrain, and Kuwait, as well as radar systems in Oman.
The latest exchanges mark a significant intensification of tensions between Washington and Tehran. Last week, US President Donald Trump declared that the US-Iran ceasefire was “over” and sharply criticized Iran’s leadership. What it means for the markets is that the re-escalation has disrupted maritime traffic through the Strait of Hormuz. No commercial vessels have transited the waterway since Sunday evening, according to reports tracking shipping data. In turn, oil prices have surged higher again.
With crude oil rising once again, the obvious question is: what does this mean for the US dollar?
Given that the Fed’s new chairman has made it clear that he wants to keep inflation under control, another spike in oil prices is likely to reinforce expectations that US interest rates will stay higher for longer. Even if some of the near-term economic data softens, persistently high energy prices would make it difficult for the Fed to adopt a more dovish stance.
That is one of the reasons why we’re seeing the US dollar regain momentum, particularly against currencies whose economies are heavily reliant on imported energy, such as the euro and the Japanese yen.
Should Iran succeed in disrupting shipping through the Strait of Hormuz for al lengthy period of time once again, the US is likely to be viewed as relatively insulated thanks to its energy independence. At the same time, higher oil prices would add to inflationary pressures, making it harder for the Fed not to signal intentions of policy tightening.
US CPI and Warsh testimony in focus The focus now turns to a busy week for US economic data and Federal Reserve officials. Tuesday’s inflation report will be closely watched, with headline CPI expected to ease 0.1% on a monthly basis, lowering the year-over-year rate to 3.8% from 4.2%. However, firmer energy prices and sticky core inflation, still hovering around 2.9% year-on-year, suggest it remains premature to rule out at least one rate increase before the end of the year.
Markets will also hear from Fed Chair Kevin Warsh as he begins two days of testimony before Congress. Investors will be looking for any clues on the policy outlook. With energy prices firming and little evidence that the US economy is slowing enough to offset inflation risks, Warsh is unlikely to sound dovish at all. So, the fundamental backdrop continues to favour the dollar.
That leaves low-yielding, energy-dependent currencies such as the euro and the yen particularly vulnerable, meaning that the EUR/USD forecast is tilted to the downside. Of particular concern for Europe is the renewed strength in natural gas prices, especially with inventories still relatively low and demand rising (for air cooling systems) amid elevated summer temperatures.
Technical EUR/USD forecast and key levels to watch That combination leaves the euro exposed. In the near term, the EUR/USD could drift back towards the 1.1350 region, with a follow-up move into the 1.1300 area looking increasingly plausible over the coming days and weeks.
Source: TradingView.com There is also a bearish flag pattern to consider, too. If there EUR/USD breaks below the support trend of the pattern, which is what I expect, then at the very least I’d anticipate a retest of the recent lows around 1.1324.
Below that the 1.1300 area would come into focus. This level also lines up with the 127.2% Fibonacci extension of the major advance we saw between March and April. Given what’s happening in the oil market, together with the prospect of a more hawkish Fed, the path of least resistance for EUR/USD still appears to be to the downside.
Resistance is seen around 1.1450, followed by the 1.1480-1.1500 region.
Meanwhile, the European data calendar is relatively quiet this week, meaning short-term moves in the euro are likely to be driven more by developments in energy markets and shifts in US rate expectations than by domestic fundamentals.
Resideo na Investor Day uvedla, že se po oddělení ADI Global Distribution zaměří na budování pozice čistě technologické firmy pro budovy. Cílí na růst tržeb o 4 % až 5 % ročně od roku 2025 do roku 2030 a expanzi marže upravené EBITDA na 23 % až 25 % do konce roku 2030.
Significant Opportunity To Leverage Distinct Value Proposition to Generate Above Market Growth and Expand Margins
, /PRNewswire/ -- Resideo Technologies (NYSE: REZI) ("Resideo") a leading global manufacturer, developer and distributor of technology-driven sensing and controls products and solutions for residential and commercial end markets, will host its Investor Day at the New York Stock Exchange in New York City today, ahead of the planned spin-off of ADI Global Distribution.
"We are beginning Resideo's next phase as a pure play building technologies company with differentiated products and trusted brands, deep relationships with professional installers ("Pros") and a clear opportunity to grow the top and bottom line," said Tom Surran, incoming President and Chief Executive Officer of Resideo. "As a more focused company, every decision, every investment and every strategic initiative we make will now be evaluated through a single lens of creating value within our core residential sensing and control business. We have an extraordinary team aligned to a shared mission and we are ready to capture the opportunities ahead and continue delivering for our stakeholders."
A Focused Building Technologies Company with Strong Track Record and Clear Strategy to Accelerate Value Creation
Accelerated Development of Differentiated Solutions: Resideo intends to leverage its market leadership in sensing and controls, differentiated products, trusted brands and vast installed base of over 150 million locations to continue building its leadership position in a core serviceable addressable market exceeding $40 billion. By accelerating differentiated innovation, expanding into adjacent categories and increasing content per home, Resideo believes it is positioned to convert demand into profitable growth, margin expansion and robust cash generation. Continued Focus on the Pro: Resideo intends to continue deepening its relationships with over 100,000 global Pros who have built their businesses around Resideo's products. Supported by more than 15 million installations annually, the Company's professional ecosystem represents a powerful competitive advantage with a platform to introduce new products, enter adjacent markets and expand customer reach. Geographic Expansion: There are meaningful opportunities for strategic international expansion, leveraging Resideo's scale and highly efficient global manufacturing footprint. Expansion initiatives are expected to drive incremental growth above Resideo's baseline revenue targets, while strengthening the Company's ecosystem and creating long-term demand for Pros. Leverage Scale to Provide Superior Value: Maximize the advantages of Resideo's scale, including its installed base, manufacturing footprint, supply chain capabilities and relationships across the Pro ecosystem to invest more in innovation, operate more efficiently and drive financial growth. Introducing Financial Goals
Resideo's recent financial performance, including 12 consecutive quarters of gross margin expansion and over 85% free cash flow conversion in each of the last three years, demonstrates the meaningful revenue growth and margin improvement the business has achieved and expects to expand upon as a standalone company. This strong financial profile is expected to provide significant cash flow to de-leverage the balance sheet and deploy across compelling organic and inorganic opportunities in line with Resideo's rigorous returns-based capital allocation approach.
Resideo is introducing the following medium-term financial framework:
Targeting revenue compound annual growth rate of 4% to 5% from 2025 through 2030 Gross margin expansion of approximately 400 basis points from 2025 through 2030 and targeting to be in the range of 43%-45% by the end of 2030 Adjusted EBITDA margin expansion of approximately 400 basis points from 2025 through 2030 and targeting to be in the range of 23%-25% by the end of 2030 Webcast Information
The live webcast will begin at 12:00 p.m. EDT, today, July 13, 2026, at https://investor.resideo.com, where the webcast link and related materials will be posted.
Additional Information
Resideo is expected to complete its spin-off of ADI Global Distribution on August 3, 2026, and ADI common stock is expected to begin "regular-way" trading on the NYSE under the ticker symbol "ADIG" on August 4, 2026, subject to satisfaction or waiver of the conditions precedent to the spin-off. The spin-off is expected to be tax-free to Resideo shareholders for U.S. federal income tax purposes, except for cash that shareholders may receive in lieu of fractional shares.
About Resideo
Resideo is a leading global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions for residential and commercial end markets. We are a leader in the home heating, ventilation, and air conditioning controls markets, smoke and carbon monoxide detection home safety and fire suppression products markets, and security products markets. Our solutions and services can be found in over 150 million residential and commercial spaces globally, with tens of millions of new devices sold annually.
Forward-Looking Statements
This press release contains forward-looking statements, including, but not limited to, those regarding the anticipated separation of Resideo Technologies' Products & Solutions and ADI Global Distribution businesses into two independent publicly traded companies and the expected timing of the completion of the separation, our medium-term financial goals, and other future events or developments. Forward-looking statements are typically identified by such words as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "project," "should," "will," and similar expressions, although not all forward-looking statements contain these words. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Among the factors that could cause actual results to differ materially from those expressed or implied in any forward-looking statements are the possibility that the conditions to the separation may not be obtained or satisfied within the expected timeframe or at all; that the separation may not be completed on the anticipated terms or timing or may not occur at all; that the separation may not achieve the intended strategic, operational, or financial benefits for Resideo, its businesses, or its shareholders; that Resideo may experience operational or other disruptions as a result of the separation, including those relating to information technology systems, business processes, internal controls, customer and vendor relationships, and workforce alignment. Resideo' s ability to succeed as an independent enterprise without ADI will depend on numerous factors, including the execution of their respective strategies and plans, access to capital markets, the competitive landscape, and general business and economic conditions. Other risks and uncertainties include, but are not limited to, our ability to recognize the expected savings from, and the timing and impact of, our existing and anticipated cost reduction actions, and our ability to optimize our portfolio and operational footprint, the ability of Resideo to drive increased customer value and financial returns and enhance strategic and operational capabilities, risks and uncertainties relating to tariffs that have been or may be imposed by the United States and other governments, and the other risks described under the headings "Risk Factors" and "Cautionary Statement Concerning Forward-Looking Statements" in our Annual Report on Form 10-K for the year ended December 31, 2025 and other periodic reports.
All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Although we believe forward-looking statements are based upon reasonable assumptions, such statements involve known and unknown risks and uncertainties, which may cause the actual results or performance of Resideo to differ materially from such forward-looking statements. Forward-looking statements are not guarantees of future performance, and actual results, developments, and business decisions may differ from those envisaged by our forward-looking statements. Except as required by law, we undertake no obligation to update such statements to reflect events or circumstances arising after the date of this press release and we caution investors not to place undue reliance on any such forward-looking statements.
Contacts:
Investors:
Christopher T. Lee
Global Head of Strategic Finance
[email protected]
Media:
Garrett Terry
Corporate Communications Manager
[email protected]
or
Dan Moore, Tali Epstein
Collected Strategies
[email protected]
Graphic Packaging vstupuje na trh neobalovaného recyklovaného papírového kartonu s novým produktem PaceSetter Ridgeline. Materiál je ze 100% recyklovaných vláken, s nejméně 45 % postconsumer recyklovaného obsahu, a má rozšířit nabídku pro více zákazníků a použití.
New grade expands customers and markets served across coated and uncoated recycled paperboard applications
, /PRNewswire/ -- Graphic Packaging Holding Company (NYSE: GPK), a global leader in sustainable consumer packaging, today announced the launch of PaceSetter RidgelineTM, marking the company's entry into the uncoated recycled paperboard (URB) market. The URB offering — a high-performing solution for folding cartons, laminations, edge protectors, tubes and cores, and other specialty purposes — positions Graphic Packaging to serve a broader spectrum of paperboard and consumer packaging customers.
"PaceSetter Ridgeline extends our recycled paperboard platform to new markets and customers, further diversifying our portfolio to include industrial applications," said Robbert Rietbroek, president and chief executive officer at Graphic Packaging. "This new uncoated grade gives customers a fit-for-purpose recycled paperboard option backed by the scale, reliability and manufacturing capability they expect from Graphic Packaging."
Made from 100% recycled fiber, with at least 45% post-consumer recycled content, PaceSetter Ridgeline is available in 12- to 30-point calipers and produced at Graphic Packaging's state-of-the-art Waco, Texas, paperboard mill. The Waco facility enables seamless transitions between coated and uncoated recycled paperboard, giving the company flexibility to respond quickly to shifts in customer demand. Its advanced technology also supports sheet squareness, color consistency, quality assurance and converting performance across high-volume applications.
About Graphic Packaging Holding Company
Graphic Packaging Holding Company (NYSE: GPK), headquartered in Atlanta, designs and produces consumer packaging made primarily from renewable or recycled materials. An industry leader in innovation, the company is committed to reducing the environmental footprint of consumer packaging. Graphic Packaging operates a global network of design and manufacturing facilities serving many of the world's leading brands in food, beverage, foodservice, household and other consumer products. Learn more at graphicpkg.com.
Premier American Uranium dokončila vrtací program na projektu Cebolleta v Novém Mexiku a předala 77 vzorků do Hazen Research pro metalurgické testy. Cílem je optimalizovat výtěžnost uranu a podklady pro budoucí ekonomické studie.
TORONTO, July 13, 2026 (GLOBE NEWSWIRE) -- Premier American Uranium Inc. (“PUR”, the “Company” or “Premier American Uranium”) (TSXV: PUR) (OTCQB: PAUIF) is pleased to announce the successful completion of its drilling program at the Company's wholly owned Cebolleta Uranium Project (“Cebolleta” or the “Project”) in New Mexico. As announced in a press release on May 12, 2026, the program was designed to recover representative samples from the underground resource area to support advanced technical studies as part of the Company’s 2026 work program focused on advancing process optimization and Project economics. The recovered samples have now been delivered to Hazen Research, Inc. (“Hazen Research”), the Company’s contracted metallurgical laboratory in Golden, Colorado, where they will support a planned comprehensive metallurgical testing program aimed at optimizing heap-leach uranium recovery and informing key assumptions for future economic studies including a planned update to the Company’s current Preliminary Economic Assessment with respect to the Project (the “2025 PEA”) targeted for completion in 2027.
Highlights
Representative Drill Program Successfully Completed: Completion of a 6,030-foot PQ-core drilling program. Core drilling occurred at four locations targeting mineralization representative of the underground mining portion of the Company’s current Mineral Resource Estimate (“MRE”) for the Project included in the 2025 PEA. To obtain sufficient sample volume for metallurgical tests, mineralized core was collected from a total of 18 vertical holes (4 to 6 per location) with results summarized in Table 1. Downhole gamma results are generally consistent with historic drilling and the Company’s 2023 confirmation drilling program and will be added to the drilling database for the planned updated MRE in the 2027 PEA.
Metallurgical Samples Delivered to Hazen Research: Delivery of 77 core samples to Hazen Research. Combined mineralized PQ-core samples totaled 282.6 feet (85.9 m) and 2,124 pounds (963.3 kg). Selection of core samples was guided by handheld scintillometer readings in a sterile background combined with downhole gamma results, utilizing a cutoff grade of 0.06% eU3O8, the underground mining cut-off grade used in the 2025 PEA.
High Sample Recovery Enables Expanded Metallurgical Testing Program: Drilling conditions achieved 97% footage recovery in mineralized zones and an overall mass recovery of 90%, exceeding the target sample mass of 800 kg by 20%. The recovered material provided representative samples for the planned metallurgical test program. Sample preparation by Hazen Research is underway, and the Company anticipates the extra sample material will facilitate additional laboratory tests including density, chemical disequilibrium, and a larger suite of geochemical analyses. Colin Healey, CEO of PUR commented, “We are pleased with the progress being made to advance and optimize Cebolleta. With representative underground and open-pit samples now with Hazen Research, our comprehensive metallurgical program is underway with the goal of optimizing uranium recoveries and refining processing assumptions for future engineering and economic studies. As demonstrated in our 2025 PEA, increasing metallurgical recovery from 80% to 90% has the potential to increase the after-tax NPV (8%) by approximately 90%, from US$84 million to US$159 million, if test work can successfully validate this potential. This program is designed to evaluate those opportunities and support the continued advancement of the Cebolleta Project.”
The results of the 2025 PEA are included in a Technical Report (the “Technical Report”) prepared in accordance with the requirements of NI 43-101 by SLR International Corporation (“SLR”), an independent consulting firm with extensive experience in mining and mineral processing, including uranium operations in the United States. The 2025 PEA is preliminary in nature and includes Inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the 2025 PEA will be realized.
Metallurgical Testing
Under the guidance of Dr. Terence (“Terry”) McNulty, P.E., of T.P. McNulty and Associates, a metallurgical consultant to the Company and a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), Hazen Research has commenced a metallurgical testing program including mineralogical characterization, bottle roll recovery testing, and long-term column leach tests to simulate heap leaching utilizing both the underground core samples referenced herein and the open-pit bulk sample delivered in March 2026.
Bottle roll and column leach tests will examine multiple oxidants, lixiviants, and application rates to assess uranium recovery characteristics and support future engineering and economic studies. The Company expects to report key findings as the metallurgical testing progresses.
Table 1. 2026 Drilling Results and Core Sampling Summary
2026 drill hole IDs are from the current core drilling program. 2023 Twin drill hole IDs are from the Company's 2023 confirmation drilling program. Historic drill hole IDs are historic drill holes completed by Sohio Western Mining Co. Historical and twin holes are presented for comparison purposes.All drill holes were vertical (90 degrees) through flat lying strata. Measured and reported intercepts represent true thicknesses.Downhole geophysical surveys included natural gamma, self-potential (SP) and single point resistivity (SPR) measurements and were completed by the Company with direct oversight by management with 20 years’ experience performing downhole gamma surveys in connection with uranium exploration.Natural gamma, SP and SPR were measured using a 40LGR-1000 downhole gamma probe manufactured in 2024 by Mount Sopris Instrument Company.Contemporaneous gamma calibration of the 40LGR-1000 probe was completed by the Company at the U.S. Department of Energy's calibration facility in Grand Junction, Colorado on March 18, 2026, measuring a Dead Time (DT) of 2.89 microseconds and K Factor of 5.93×10-6. A Mud Factor (MF) of 1.18 was derived from Century Geophysical LLC’s Mud Factor Correction Chart using the true measured hole diameter of 5.0 inches and true measured drilling mud weight of 8.4 pounds per gallon (ppg). Pipe Factor (PF) was calculated comparing downhole gamma results at 465 identical 0.1-foot intervals measured within and without the core drill pipe through the mineralized zone of LJ-25 2026 A, yielding a no-pipe:pipe mean ratio of 1.52, median ratio of 1.52, with low skew of 0.15 (PF only applicable for RLB-83 2026 F and LJ-25 2026 D).Calibration factor summary: Dead Time (DT) 2.89 ; K Factor (K) 5.93×10-6; Mud Factor (MF) 1.18; Pipe Factor (PF) 1.52;Grade (% eU3O8) calculated using standard 2KN formula with natural gamma results expressed in counts per second (CPS) at 0.1-foot intervals:
2026 results are reported at a cut-off grade of 0.06% eU3O8 in conformance with the underground mining cut-off grade utilized to calculate the MRE in the 2025 PEA.eU₃O₈ grades are equivalent uranium grades derived from calibrated downhole natural gamma surveys and have not been verified by chemical assays. Numerous historical comparisons of eU₃O₈ and chemical assays of core samples from the Project indicate that eU₃O₈ is a reasonable indicator of the actual uranium assay.Numbers in table may not add due to rounding and 3% footage recovery loss. About the Cebolleta Uranium Project and Mineral Resources
Located in New Mexico, the Project is a past-producing property with extensive historical work and infrastructure. Its location in one of the U.S.’s premier uranium districts provides strategic advantages, including proximity to utilities and existing processing facilities.
Figure 1: Plan View Map of the Cebolleta Uranium Project and Uranium Deposits. See Qualified Person Statement for additional details.
Qualified Person Statement
The scientific and technical information contained in this news release relating to the 2026 drilling program were reviewed and approved by Mike Thompson, C.P.G., who is a “Qualified Person” (as defined in NI 43-101), a consultant to the Company, and the Company’s Project Manager for the Cebolleta Project.
The scientific and technical information contained in this news release relating to the 2025 PEA and the MRE was reviewed and approved by Mr. Mark B. Mathisen, C.P.G. for SLR, the lead author of the Technical Report, who is a “Qualified Person” (as defined in NI 43-101).
Mr. Mathisen has verified the exploration, sampling, analytical, and testing data supporting the MRE and the 2025 PEA through a review and audit of historical and recent databases, comparisons with original geophysical logs and assay records, and inspections of drill hole collar, interval, and grade data for completeness and accuracy. Verification included a site visit on September 12, 2023, a review of drilling and downhole logging procedures, and an evaluation of the 2023 twin-hole and 2025 Willie P database audits, which confirmed a strong correlation with historical results and overall data reliability. Although no historical core or quality assurance/quality control reference materials are available, and most legacy holes lack deviation surveys, no limitations were placed upon the QP during the verification process, and the QP considers the verification methods and resulting database adequate for mineral resource estimation and compliant with NI 43-101 requirements.
For additional information regarding the Project, including the 2025 PEA and the MRE, please refer to the Technical Report, available under PUR’s profile on www.sedarplus.ca.
Additional scientific and technical information in this news release not specific to the 2025 PEA and MRE and relating to the 2026 work program has been reviewed and approved by Terry McNulty, PE, a consultant of Premier American Uranium, who is a “Qualified Person” (as defined in NI 43-101).
About Premier American Uranium Inc.
Premier American Uranium is focused on consolidating, exploring, and developing uranium projects across the United States to strengthen domestic energy security and advance the transition to clean energy. The Company’s extensive land position spans five of the nation’s top uranium districts, with active work programs underway in New Mexico’s Grants Mineral Belt and Wyoming’s Great Divide and Powder River Basins.
Backed by strategic partners including Sachem Cove Partners, IsoEnergy Ltd., Mega Uranium Ltd., and other leading institutional investors, PUR is advancing a portfolio supported by defined resources and high-priority exploration and development targets. Led by a distinguished team with deep expertise in uranium exploration, development, permitting, operations, and uranium-focused M&A, the Company is well positioned as a key player in advancing the U.S. uranium sector.
For More Information, Please Contact:
Premier American Uranium Inc.
Colin Healey, CEO and Director [email protected]
Toll-Free: 1-833-223-4673
X: @PremierAUranium
www.premierur.com
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Non-GAAP Financial Measures
This news release includes certain terms or performance measures commonly used in the mining industry that are not defined under International Financial Reporting Standards (“IFRS“). Such non-GAAP performance measures, including operating costs and free cash flow, are included because it understands that investors use this information to determine the Company’s ability to generate earnings and cash flows. The Company believes that conventional measures of performance prepared in accordance with IFRS do not fully illustrate the ability of mines to generate cash flows. Non-GAAP financial measures should not be considered in isolation as a substitute for measures of performance prepared in accordance with IFRS and are not necessarily indicative of cash flows presented under IFRS. These measures have no standardized meaning under IFRS and may not be comparable to similar measures presented by other companies.
Cautionary Statement Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements with respect to, the planned metallurgical testing and the anticipated results thereof and the expected timing thereof; economic and scoping-level parameters of the 2025 PEA and the Project; the potential impact of increased metallurgical recovery on the results of the 2025 PEA; the planned update to the 2025 PEA and the expected timing thereof; mineral resource estimates; the NPV of the Project; the uranium industry and uranium prices; expectations with respect to project development and permitting, construction and operational processes; availability of services to be provided by third parties; future development methods and plans; and other activities, events or developments that are expected, anticipated or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.
Forward-looking information and statements are based on our current expectations, beliefs, assumptions, estimates and forecasts about PUR’s business and the industry and markets in which it operates. Such forward-information and statements are based on numerous assumptions, including among others, assumptions that the results of planned metallurgical testing activities are as planned and will be reported when anticipated; that changes to metallurgical recovery rates will have the anticipated impact on the results of the 2025 PEA; that updates to the 2025 PEA will be completed and on the timing anticipated; general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by PUR in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of Premier American Uranium to differ materially from any projections of results, performances and achievements of Premier American Uranium expressed or implied by such forward-looking information or statements, including, among others: risks related to the inherent uncertainties regarding cost estimates; changes in commodity and metal prices; results of future exploration activities; cost overruns; the limited operating history of the Company; negative operating cash flow and dependence on third party financing; uncertainty of additional financing; delays or failure to obtain required permits and regulatory approvals; changes in mineral resources; no known mineral reserves; aboriginal title and consultation issues; reliance on key management and other personnel; potential downturns in economic conditions; availability of third party contractors; availability of equipment and supplies; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; changes in laws and regulation, competition, and uninsurable risks and the risk factors with respect to Premier American Uranium set out in the documents of PUR filed with the Canadian securities regulators and available under PUR’s profile on SEDAR+ at www.sedarplus.ca.
Although PUR has attempted to identify important factors that could cause actual actions, events or results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. PUR undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities law.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/eadbee05-9fdd-41c7-8464-4541d6263b99
https://www.globenewswire.com/NewsRoom/AttachmentNg/8171ba2a-17bd-4aa5-8331-6b1db8e9dbf0
PancakeSwap nativně integroval 95 tokenizovaných akcií a dalších aktiv vydaných na Robinhood Chain a zpřístupnil tak decentralizovaným obchodníkům široký výběr akcií přes své rozhraní. Nabídka zahrnuje i ETF a další tradiční cenné papíry.
@PancakeSwap has officially integrated 95 tokenized assets natively issued on the @RobinhoodCrypto Chain, opening up a broad catalog of traditional equities to decentralized traders directly through the PancakeSwap interface. The listed assets span tech giants, semiconductor companies, space exploration firms, quantum computing plays, nuclear energy stocks, and conventional ETFs.
Robinhood Chain: The Infrastructure Behind the Listings The integration builds on Robinhood's broader push into on-chain finance. Robinhood launched the public mainnet of Robinhood Chain on July 1, 2026, an Arbitrum-based Ethereum Layer 2 with 24/7 tokenized stocks that plug into DeFi as collateral. Robinhood Chain is a permissionless, AI-native Layer 2 blockchain built for financial services and real-world assets. Robinhood Chain has adopted Chainlink as its official data and cross-chain oracle infrastructure, with Chainlink's Cross-Chain Interoperability Protocol (CCIP), Data Streams, and Data Feeds live on mainnet from day one, delivering verifiable data for tokenized RWAs and unlocking secure interoperability across the multi-chain ecosystem.
With the new Stock Tokens, eligible individuals can unlock 24/7 trading directly on Robinhood Chain, including deploying tokens into lending pools and utilizing them as trading collateral across the broader DeFi ecosystem. Access runs through Robinhood Wallet in more than 120 countries, though availability varies by jurisdiction.
PancakeSwap's Growing RWA Ambitions The Robinhood Chain integration is consistent with PancakeSwap's broader real-world asset strategy. In April 2026, PancakeSwap added 60-plus new tokenized stocks and ETFs on BNB Chain, bringing the total to over 260 tradeable RWAs. The DEX has been one of the more active venues for tokenized equities in the DeFi space, having crossed $50 million in cumulative tokenized asset trading volume as of May 2026, growth triggered by a partnership with Ondo Finance in late October 2025 that brought tokenized US stocks and ETFs to the $BNB Chain ecosystem.
The broader market backdrop supports the push. The RWA tokenization market grew by 30 to 38 percent in a single quarter, from approximately $21 billion to nearly $29 billion excluding stablecoins during Q1 2026. By connecting on-chain liquidity to sectors that have historically been inaccessible through decentralized venues, the PancakeSwap and Robinhood Chain integration represents another step in the convergence of traditional finance and DeFi. For DeFi participants, the expansion of tokenized assets creates new yield and trading strategies, with liquidity providers now able to earn fees from pools that track real-world equities, blending traditional market exposure with DeFi mechanics.
Sources:
Robinhood: Robinhood Chain Mainnet and Stock Tokens Launch
Forbes: Robinhood Launches Its Own Blockchain
CryptoNews: PancakeSwap Hits $50M in Tokenized Assets Trading
