The yen is near a four-decade high against the dollar as markets await FOMC minutes for clues on future rate guidance amid persistent inflation. Analysts are focused on geopolitical tensions, UK CPI, and energy prices impacting currencies and inflation trends.

SpaceX's recent $75 billion IPO generated about $500 million in fees for bankers, highlighting a fee structure of 0.67% which is lower than SK Hynix's 0.97% fee rate. The variation in fee efficiency underscores differences in major capital-raising events, with SK Hynix's U.S. listing raising $26.5 billion.

Coinbase undergoes a significant leadership change as Paul Grewal steps down from his chief legal officer role, transitioning to an advisory position while Molly Abraham and Ryan VanGrack step into new roles. This shift underscores Coinbase's commitment to regulatory clarity and global expansion, with Grewal's advocacy playing a pivotal role in advancing crypto legislation.

Frasers Group proposes to buy remaining Hugo Boss shares for €1.98 billion, seeking full control beyond its 26% stake. The market reaction suggests investors find the €38 per share offer insufficient.

California AG Rob Bonta may soon file a multistate antitrust challenge to halt Paramount's $110 billion merger with Warner Bros. Discovery, citing potential competition harm. The review involves several states, and regulatory scrutiny is also expected from the UK, with possible court actions that could delay the merger and affect its financial dynamics.

Paramount's $110 billion merger with Warner Bros. Discovery faces delays as Oregon requests a 60-day review, citing antitrust concerns. Paramount, under scrutiny from U.S. and EU regulators, argues that lobbying efforts are irrelevant to antitrust issues, while offering concessions to secure approval.

Saudi Real Estate Refinance Co. (SRC) has doubled its International Sukuk Programme to $10 billion, now listed on the LSE and backed by a government guarantee. The latest $2.75 billion issuance was heavily oversubscribed, highlighting global confidence in Saudi debt and SRC's role in Vision 2030.

Enovix appoints Dr. Michael Vyvoda as COO to spearhead its transition to high-volume production, starting July 29, 2026. With a rich background in operations, Vyvoda aims to enhance manufacturing efficiency and expand Enovix's global market reach, leveraging his experience from Apple and other high-tech firms.

Honeywell revises its 2026 earnings forecast, now projecting an adjusted EPS of $7.90 to $8.30 due to a reverse stock split, not business gains. The company maintains its sales and margin targets, while its aerospace unit spins off as Honeywell Aerospace, trading separately on Nasdaq.

Micron's stock has surged 229% this year, buoyed by strong Q3 results and AI-driven demand for memory chips. The firm increased its Q4 revenue guidance to $50 billion, citing strategic customer deals and robust pricing power.

NATO's European production of the FIM-92 Stinger expands missile manufacturing beyond U.S. borders, aiming for resilient multinational supply chains. Announced in Ankara, this move addresses inventory needs and strengthens defense capabilities amid geopolitical tensions.

Starbucks is making a bold shift by developing AI-powered software to replace Microsoft and IBM applications, aiming to cut $2 billion in operating expenses. This strategic move, which includes a $30 million reduction in tech division costs, has already boosted Starbucks' stock by 3% while putting pressure on legacy software providers.

Firmus Technologies secures A$2.9 billion in funding, with Nvidia as lead investor, to expand AI infrastructure, including a new data center in Tasmania. The investment boosts Firmus's valuation to A$15.5 billion and involves preference shares converting at an anticipated ASX IPO within a year.

AstraZeneca shares plunged up to 9% following the failure of its Wainua drug in a Phase III trial to meet its primary endpoint for ATTR-CM. Despite this setback, Citi retained an optimistic outlook, focusing on other promising drugs in the pipeline.

SpaceX is eyeing the creation of orbital data centers leveraging Starlink to build a global AI computing infrastructure, potentially redefining its revenue streams and boosting stock value. ARK Invest projects this AI-driven pivot could generate $300 billion annually by decade's end, positioning SpaceX as a critical player in AI innovation ecosystems.

Rebellions, an AI chip startup backed by Samsung, is planning a Korean IPO in early 2027, targeting the KOSPI to leverage domestic demand for AI infrastructure. The company, valued at $2.34 billion, considers a U.S. ADR listing later, supported by strategic investments from major firms and a government initiative aimed at boosting Korea's chip industry.

Micron Technology, Alphabet, and Taiwan Semiconductor are highlighted as promising market-beating stocks due to their dominant positions in AI infrastructure and services. Their strong financial growth and strategic advancements in AI set them up as long-term winners, with each company showing impressive revenue and EPS figures for recent quarters.

Luxshare, a key Apple supplier, has launched its IPO on the Hong Kong Stock Exchange, raising roughly HK$24.3 billion ($3.1 billion). The funds will be used for expansion into automotive electronics, AI hardware, and other emerging tech fields, highlighting Luxshare's strategic growth beyond consumer electronics.

B Capital and partners, including CalPERS, are set to acquire Russell Investments in a $2.8 billion deal, aiming to bolster its strategy as a next-gen asset manager. The acquisition will maintain existing leadership, focusing on growth through technology and personalized solutions.