🏔️ Robinhood climbing higher than Everest

Good evening. Trade talks lifted hopes for new all-time highs to close out a volatile first half of the year. Canada’s last-minute decision to cancel its digital services tax, which would have impacted U.S. tech giants like Google and Amazon, helped ease tensions after Trump abruptly ended trade discussions on Friday.

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Market data: today’s market close

WINNERS

⬆︎12.77% Robinhood

The zero-commission trading app is launching tokenized stocks in the EU. Europeans can now trade over 200 U.S. stocks and ETFs 24 hours a day, five days a week. The tokens, issued via Arbitrum, also includes plans for private companies like OpenAI and SpaceX. The move taps into growing global demand for flexible, low-cost access to U.S. markets, eventually offering 24/7 trading through its own blockchain. [Read more]

⬆︎11.76% Joby Aviation

One step closer to reality. The electric air taxi startup just completed piloted a series of test flights in Dubai. The company delivered its first aircraft to the UAE under a partnership with Dubai’s transport and aviation authorities, giving it exclusive rights to operate air taxis in the city for six years. The aircraft seats four passengers and a pilot, flying at speeds up to 200 mph. [Read more]

⬆︎11.73% GMS

GMS is now Depot property. Home Depot finalized its $4.3 billion acquisition of building materials distributor GMS, deepening its pivot toward professional builders. GMS will operate under the SRS Distribution umbrella, expanding Home Depot’s footprint in residential and commercial construction supply. [Read more]

⬆︎11.08% HPE

Reluctantly approved by the DOJ. The enterprise tech firm has reached a settlement with the DOJ to move forward with its $14 billion acquisition of Juniper Networks. To address antitrust concerns, HPE will sell its “Instant On” wireless business and license Juniper’s AI Ops software to competitors. HPE says will create a modern, AI-ready network option for customers. [Read more]

⬆︎3.99% Oracle

Floating in the clouds. Oracle, the legacy database titan now going big on cloud and AI infrastructure, just locked in a massive $30 billion cloud services deal, nearly triple what its data center business made last year. While the customer wasn’t named, it may be tied to the $500 billion Stargate project backed by SoftBank and OpenAI. [Read more]

⬆︎1.58% Moderna

Flu season might meet its match. Moderna, the mRNA vaccine innovator behind one of the first Covid shots, just got promising results from a large trial of its flu vaccine. The shot outperformed a standard flu vaccine by over 26% (and even more in seniors) giving Moderna the green light to seek FDA approval later this year. [Read more]

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Market data: today’s market close

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LOSERS

⬇︎3.36% Fortive

Fortive lets Ralliant fly solo. Fortive, a maker of industrial tools and tech, has completed its spin-off of Ralliant, separating its Precision Technologies unit. Shareholders got one Ralliant share for every three Fortive shares. The move aims to streamline the business into two focused companies. Fortive also flagged short-term revenue pressure, especially in healthcare and government sectors. [Read more]

⬇︎12.95% Chemed

🛎️ Earnings report - Too much, too soon? Chemed, the parent company of VITAS hospice and Roto-Rooter, is dealing with a few setbacks. In Florida, more patients are entering hospice care earlier, which sounds like good news, but it's triggered limits on how much Medicare will pay, hurting profits. On top of that, Roto-Rooter’s home repair business slowed down unexpectedly this quarter. [Read more]

⬆︎⬇︎ 1-day change
Market data: today’s market close

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EXTRA

THE END

That’s it for today’s recap. We hope you found it valuable.

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