Business

Nasdaq-listed Sonnet BioTherapeutics agrees to $888 million merger to become Hyperliquid Strategies, launch HYPE treasury  The Block Massive $888M Deal: Biotech Firm Makes Historic Pivot to Become Largest US Public HYPE Token Holder  Stock Titan Sonnet BioTherapeutics jumps over 320%, combines business for HYPE crypto reserve (SONN:NASDAQ)  Seeking Alpha Sonnet BioTherapeutics, Inc. Announces $888 Million  GlobeNewswire Why Is Sonnet BioTherapeutics Stock (SONN) Up 180% …

Key Takeways Memecoins are losing steam as whale holdings signal smart money is stepping away. Utility tokens are gaining ground, with indicators pointing to a clear capital rotation. Memecoins have always sat in that gray zone between hype and real utility. Projects like Floki [FLOKI], with initiatives like FlokiFi (aiming to break into DeFi) are clearly trying to flip the …

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Ultium Cells Spring Hill, TN. September 2022. Courtesy: Ultium Cells LLC Ultium Cells, a joint venture between General Motors and LG Energy Solution, said Monday it’s upgrading its facility in Spring Hill, Tennessee, to make low-cost electric vehicle battery cells. GM said the lithium iron phosphate battery cells — abbreviated LFP based on the elements’ chemical symbols — could be …

Tylenol maker Kenvue ousts CEO amid board’s strategic review  Reuters Tylenol-maker Kenvue fires CEO amid board’s strategic review  CNBC Kenvue Announces CEO Departure, Strategic Review  Bloomberg Why The Name Behind Tylenol And Band-Aid Just Surged  Investor’s Business Daily Kenvue CEO Mongon stepping down as company continues with strategic review  AP News Source link

Stocks Shrug Off Trump’s Latest Tariff Threats  The New York TimesView Full Coverage on Google News Source link

Texas Governor Greg Abbott is refusing to release months’ worth of emails sent to Elon Musk and his companies under public records laws, according to a joint report from ProPublica, The Texas Newsroom, and The Texas Tribune. After initially agreeing to an information request, the governor’s office argued that the emails are covered by a law that prevents the disclosure …

Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, made another major investment in the asset during the past week as BTC surged to new historic highs of $118,000. Strategy acquired 4,225 Bitcoin (BTC) for $472.5 million last week, the company announced in a US Securities and Exchange Commission filing on Monday. Strategy’s new Bitcoin buy averaged $111,827 per …

Nvidia Stock Turns Lower. Why CEO Huang Is Taking a Risk With His China Visit.  Barron’s Nvidia’s Jensen Huang brushes off U.S. fears that China’s military will use his firm’s chips  CNBC Nvidia’s Huang Says China’s Military Unlikely to Use US AI Chips  Bloomberg Nvidia CEO to hold media briefing in Beijing on July 16  Reuters Nvidia CEO Jensen Huang warned by U.S. Senators …

President Donald Trump’s “One Big Beautiful Bill” will establish a savings account for millions of babies born in the U.S. The so-called “Trump accounts” will “afford a generation of children the chance to experience the miracle of compounded growth and set them on a course for prosperity from the very beginning,” the White House said in a statement. Here’s how …