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Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
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According to a report from the Australian Financial Review, U.S. chipmaker Nvidia has committed approximately $500 million to Firmus Technologies, an Australian cloud infrastructure startup. The investment is part of a larger funding round ahead of Firmus's planned public listing.
Crude oil prices extended gains after new U.S. military strikes against Iranian targets escalated geopolitical tensions, heightening concerns over potential disruptions to vital oil supplies from the Middle East.
Crude oil prices rose on Thursday after the United States launched a new round of military strikes against Iran, escalating concerns about the stability of the Strait of Hormuz, a critical global oil transit route.
South Korean chipmaker SK Hynix saw its shares rebound as it prepares to price a $28 billion American Depositary Receipt (ADR) offering in the U.S. The listing has reportedly drawn strong demand, with institutional orders exceeding the available shares.
U.S. stock futures were little changed in evening trading after a mixed session on Wall Street, where renewed tensions between the U.S. and Iran weighed on major indexes while the tech sector showed resilience.
Paramount will not close its $110 billion acquisition of Warner Bros. before July 22, extending the timeline as the Oregon attorney general's office seeks more time and records to review the deal. The new date also aligns with a deadline set by European regulators.
Indonesian state energy firm Pertamina and U.S. planemaker Boeing have signed a memorandum of understanding to explore the development of a sustainable aviation fuel (SAF) industry in the country.
Demand for the South Korean chipmaker SK Hynix's U.S. share sale has reportedly exceeded the number of available shares by more than seven times. The company is aiming to raise approximately $28 billion in the offering.
A coalition of U.S. states is reportedly preparing to file a lawsuit as early as next week to block the proposed $110 billion merger of Paramount and Warner Bros. Discovery. The potential legal action centers on concerns that the deal would violate antitrust laws.
