Macro
Oil prices climbed as attacks around the Strait of Hormuz and a Gulf storm renewed supply concerns. The move is feeding into fuel prices and bond yields, adding another layer of pressure to the global economic outlook.
Innovation & Tech
Marvell raised its revenue outlook as demand for AI connectivity, switching and custom silicon accelerates. MRVL surged while Broadcom also advanced, highlighting continued spending across custom AI chips and data-center networking.
Business Trends
Warner Bros. Discovery has completed its acquisition by Paramount Skydance, ending WBD trading and creating the newly named Skydance. WBD shareholders received about $31 per share in cash as the combined company begins trading under SKYD.
Business Trends
Disney is licensing selected movies and television series to Netflix, adding recognizable titles to Netflix’s library while keeping major Disney brands largely exclusive to its own platforms. The agreement comes as both companies navigate a competitive streaming market.
Business Trends
The FAA determined that a Boeing 737 MAX software glitch does not pose a flight-safety risk, removing a potential obstacle for the MAX 10. The decision comes as Boeing adds major defense contracts, but BA shares showed a muted investor reaction.
Business Trends
C.H. Robinson shares fell sharply after agreeing to acquire RXO, while RXO surged toward the deal value. The transaction promises greater freight scale and cost savings, but added debt and integration risk are weighing on investor reaction.
Sector
Vistra shares advanced after reports that the U.S. government plans roughly $4 billion in financing for upgrades at three nuclear plants, reinforcing the role of reliable nuclear generation as electricity demand from data centers and other large users grows.
Innovation & Tech
Rocket Lab, SpaceX and Planet Labs moved higher as a record Electron contract, a busy SpaceX launch schedule and Google’s first orbital AI-chip test highlighted growing activity across commercial launch, satellite infrastructure and space-based computing.
Macro
Oil prices fell sharply as Europe and International Energy Agency members discussed releasing emergency supplies. The decline came alongside weak U.S. jobs data and reduced expectations for an October Federal Reserve rate hike.
Innovation & Tech
IBM is expanding its Bob agentic software development platform to customer-controlled infrastructure, targeting enterprises that need AI while keeping sensitive code and data on premises, in private clouds or even fully isolated environments.
Innovation & Tech
Broadcom has agreed to provide Anthropic with up to $42 billion in financing for AI infrastructure, while Anthropic is expected to become a major Broadcom chip customer. The arrangement expands AVGO’s role from hardware supplier to financing and infrastructure partner.
Innovation & Tech
SpaceX reached orbit with Starship and deployed operational Starlink V3 satellites, moving the rocket beyond testing and closer to a commercial role. Elon Musk is also outlining a much larger vision that could eventually connect Starship, Starlink and orbital AI computing.