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NZX Midday Update: Consumer Services Jump 5% as SkyCity Soars 15%, KMD Brands Slides
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NZX Midday Update: Consumer Services Jump 5% as SkyCity Soars 15%, KMD Brands Slides

The NZX Midday Sector delivered a mixed trading session as Consumer Services emerged as the strongest performer, supported by a sharp rally in SkyCity Entertainment Group. At the same time, KMD Brands moved lower, highlighting the uneven sentiment across New Zealand equities. Investors continued to rotate into selected consumer stocks while remaining cautious on retailers…

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Temasek Backs Anthropic IPO as AI Valuation Hits $965B, June 19
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Temasek Backs Anthropic IPO as AI Valuation Hits $965B, June 19

Temasek backs Anthropic’s IPO as the AI startup’s valuation reaches $965 billion following its June 1, 2026 SEC filing.

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Idorsia Stock Surges 24% on Debt Refinancing Deal, June 19
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Idorsia Stock Surges 24% on Debt Refinancing Deal, June 19

Idorsia stock surges 24% to 5.78 CHF after refinancing debt and extending liquidity to 2028. Swiss biotech advances insomnia drug development.

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Japan’s LDP Pushes Individual Bond Tax Breaks to Fund Debt, June 19
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Japan’s LDP Pushes Individual Bond Tax Breaks to Fund Debt, June 19

Japan’s LDP proposes tax breaks for individual bond purchases to fund its 1,025 trillion yen national debt and attract retail investors.

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Hyundai Motor Group Eyes Full Ownership of Boston Dynamics in $325M SoftBank Stake Buyout
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Hyundai Motor Group Eyes Full Ownership of Boston Dynamics in $325M SoftBank Stake Buyout

Hyundai Motor Group is taking another major step in its robotics strategy. The South Korean automotive giant is reportedly preparing to acquire SoftBank’s remaining 9.65% stake in Boston Dynamics for $325 million, a move that would make Boston Dynamics a wholly owned subsidiary. The deal comes as Hyundai increases its investments in artificial intelligence, humanoid…

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IREN Stock Jumps 5% on Jefferies Buy Rating, June 19
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IREN Stock Jumps 5% on Jefferies Buy Rating, June 19

IREN stock rises 5% after Jefferies initiates buy rating with $79 target, adding 490MW power capacity in Spain via Nostrum acquisition.

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HMS Prince of Wales Launches F-35B Jets in Arctic, June 19
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HMS Prince of Wales Launches F-35B Jets in Arctic, June 19

HMS Prince of Wales launches F-35B jets in Arctic waters during NATO Arctic Sentry mission, demonstrating UK carrier strike capability.

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Polestar CEO Pushes EU to Keep 2035 ICE Ban as EV Sales Surge, June 19
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Polestar CEO Pushes EU to Keep 2035 ICE Ban as EV Sales Surge, June 19

Polestar CEO opposes EU’s 2035 ICE ban softening, citing strong EV adoption and infrastructure readiness. European EV sales grew 30% in 2025.

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B-52 Bomber Crash Kills 8 at Edwards Base, June 19
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B-52 Bomber Crash Kills 8 at Edwards Base, June 19

B-52 Stratofortress crashes at Edwards AFB during radar modernization test, killing eight crew members. Deadliest since 1982.

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