News

MDA Space has announced a definitive agreement to acquire Blue Canyon Technologies, a small satellite manufacturer currently owned by RTX (Raytheon Technologies), for $620 million. The deal represents a divestiture by RTX of a subsidiary it had previously acquired. The transaction expands MDA Space's capabilities in the small satellite segment.

AbbVie is reportedly nearing a deal to acquire Apogee Therapeutics for approximately $10.9 billion, according to SeekingAlpha. The deal has not been confirmed by either company. If completed, this would represent a significant acquisition for AbbVie in the biopharmaceutical space.

Pudgy Penguins is launching its Vibes Series 3 trading cards in Target stores across the United States, marking an expansion of the NFT-based franchise into physical retail products. The rollout represents a push by the brand into mainstream brick-and-mortar distribution. No financial terms or sales figures were disclosed.

Charles Schwab is reportedly planning to enter the prediction markets space, offering yes-or-no contracts on whether the S&P 500 closes above or below a specified price level, according to the Wall Street Journal. The product would mark Schwab's first foray into event-contract trading for retail clients. No launch date or regulatory details were disclosed in the report.

Charles Schwab is reportedly planning to enter the prediction markets space by offering S&P 500 event-based options, according to the Wall Street Journal. The move would put Schwab in competition with existing prediction market platforms. No launch date or further product details were disclosed in the report.

Kalshi, a prediction market platform, is reportedly in early talks with investment banks about a potential IPO, according to Cointelegraph. The company has surpassed $2 billion in annualized revenue but faces growing legal scrutiny over its sports contracts. No formal filing or timeline has been confirmed.

Teamshares Inc. has completed its business combination with Live Oak Acquisition Corp. V (NASDAQ: LOKV), a SPAC, following shareholder approval on June 16, 2026. The transaction makes Teamshares, a tech-enabled acquiror of small and medium-sized enterprises, a publicly listed company. The deal was previously announced and has now been formally closed.

A senior US official cited by Reuters reports that Israel and Lebanon have agreed to a ceasefire effective approximately 4 pm local time, though the announcement lacks direct Israeli government confirmation. Oil prices reversed a 50-cent gain to trade down ~64 cents to $75.96, while S&P 500 futures pared losses from -30 points to -11 points on the news. Complications remain, as Israeli troops are still positioned in Lebanon and the Israeli military stated forces retain freedom to act against threats, raising questions about ceasefire durability.

MDA Space has announced a definitive agreement to acquire Blue Canyon Technologies for $620 million. Blue Canyon Technologies is a manufacturer of small satellites and spacecraft components. The deal represents a significant expansion of MDA Space's capabilities in the smallsat market.

BlockShoals has stated that Binance can serve Philippine traders under a sandbox arrangement with the country's Securities and Exchange Commission, without requiring a local Virtual Asset Service Provider (VASP) license. The framework would allow Binance trading access in the Philippines through this regulatory sandbox structure. Binance had previously been restricted from operating in the Philippines.

Franklin Templeton has filed a proposal for new ETFs that would redirect corporate dividend income into bitcoin purchases, combining equity dividend exposure with cryptocurrency accumulation. The products represent a novel hybrid structure linking traditional income investing with digital assets. No launch date or regulatory approval has been confirmed yet.

U.S. equity funds saw a surge in inflows following a reported Iran deal, with technology sector funds drawing record weekly investment, according to Reuters. The article reflects broad market-wide capital flows rather than any single company-specific action. No individual tickers are named in the article.

Iran announced it will waive transit fees for the Strait of Hormuz during a 60-day negotiation period, according to Reuters. The move temporarily reduces a key risk factor for global oil and shipping traffic through one of the world's most critical maritime chokepoints. No specific company actions are cited in the article.

Global equity funds recorded their highest weekly inflows in 19 months, driven by optimism surrounding a potential Iran deal. The surge reflects broad risk-on sentiment across global markets rather than any single company or sector. No specific equities or companies are named in the article.