News

The financial blog Zero Hedge previously posted that "massive short selling occurred ahead of SpaceX's earnings report: 95% of the available SpaceX shares have been lent out, representing 34% of the outstanding shares in short positions." Musk replied to the post, saying, "I tried to remind them, but they just kept adding to their bets." (SpaceX (SPCX.O) will release its Q2 earnings after the US stock market closes today.)

The Dow Jones Industrial Average and S&P 500 both extended their gains to 2%, while the Nasdaq Composite rose 2.7%. The Philadelphia Semiconductor Index rose to 7%, with Arm (ARM.O) up 17.4%, Intel (INTC.O) up 10.9%, AMD (AMD.O) up 9.3%, Broadcom (AVGO.O) and Qualcomm (QCOM.O) both rising over 7%, and Nvidia (NVDA.O) up 2.5%.

Fitch Ratings: New U.S. student visa rules will put pressure on some universities.

American Petroleum Institute (API) CEO: Approximately 7 million barrels of oil are transported through the Strait of Hormuz daily.

The Federal Reserve accepted a total of $2.551 billion from three counterparties in its fixed-rate reverse repurchase operations.

The Nasdaq 100 index extended its gains to 3%, hitting a new daily high. Palantir (PLTR.N) rose nearly 30%, Arm (ARM.O) rose 15%, SanDisk (SNDK.O) rose over 11%, and Intel (INTC.O) rose 10.3%.

Thorne has reached a definitive acquisition agreement with Procter & Gamble (PG.N).

Market sources say that JPMorgan Chase’s acquisition of Antin’s business is expected to value Idex at approximately €3.8 billion (including debt), and the deal could be announced in the coming days.

Market news: JPMorgan Chase (JPM.N) is reportedly close to finalizing a deal to acquire Antin's French regional refrigeration network supplier.

Indian Shipping Minister: All 14 seamen (including 13 Indian nationals) have been safely rescued by the Yemeni Coast Guard and taken to Muha Port.

Indian Shipping Minister: The Indian-flagged MSV Faize Noore Oliya was hit by a projectile near Yemeni waters, capsized and sank.

Novo Nordisk (NVO.N): Second-quarter operating profit was negatively impacted by the reversal of the U.S. 340B rebate provision.

Procter & Gamble (PG.N) shares rose 1% after reports that the company would acquire Thorne for $3.8 billion.

According to Reuters, sources say Lockheed Martin (LMT.N) is in talks to source scandium from NioCorp Developments in the U.S. and germanium from Teck Resources and 5N Plus.

The statement indicates that the union at EasyJet France has submitted a strike notice, and all cabin crew members will strike from August 7 to September 2.

Market news: The U.S. Federal Aviation Administration has proposed new rules that would give airlines greater flexibility in carrying essential medical equipment and medications on board flights.

The Stoxx Europe 600 index rose 0.7% to close at its first record high since July 3.

Marathon Petroleum (MRO.N) anticipates that more Venezuelan crude oil will enter the US market, putting pressure on Western Canadian Select crude oil prices.

Intel (INTC.O) shares extended gains to 10%, while the Philadelphia Semiconductor Index is currently up 6.2%.

According to Nikkei, Japanese oil giant Eneos Holdings plans to increase its global growth investment to approximately 1 trillion yen (about US$6.36 billion) after acquiring Chevron's (CVX.N) oil product marketing business in Southeast Asia and Australia.