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CXMT’s $8.6 Billion IPO to Generate at Least $41 Million in Fees for Chinese Investment Banks
CXMT’s $8.6 billion Shanghai IPO is set to generate substantial fees for underwriters. The memory chipmaker priced shares at 8.66 yuan, or $1.28 apiece. That values CXMT’s business at roughly $85.2 billion upon its Shanghai Star Market debut. CXMT’s offering surpasses SMIC’s 2020 record as the largest chip IPO in China. Subscriptions opened Thursday, July…
Hegseth Orders Annual Testosterone Screening for Troops Over 30
Defense Secretary Pete Hegseth announced mandatory annual testosterone screening for military service members over 30, effective immediately, with voluntary hormone replacement therapy offered to those with deficiencies.
South Korea Eyes New ETF Regulations as Leveraged Funds Face Increased Scrutiny
South Korea’s ETFs tracking single stocks are facing a fresh regulatory crackdown. Financial Services Commission Chairman Lee Eog-weon confirmed Thursday, July 16, 2026, that new measures on leveraged ETFs are coming soon. The announcement follows weeks of market turmoil tied to products built around Samsung Electronics and SK Hynix, Korea’s two largest chipmakers. President Lee…
Aston Martin F1 Team Benches Alonso for Spa as Rookie Crawford Takes Wheel
Aston Martin benches Fernando Alonso for Spa FP1, deploying rookie Jak Crawford in the AMR26. The team faces its worst-case circuit while awaiting a 2-second upgrade in Hungary.
SpaceX Loses Momentum: Stock Falls to $136.08 After $850 Billion Value Wipeout
SpaceX shares fell to $136.08 Tuesday, extending a brutal slide since its June IPO. The stock has now dropped roughly 39.7% from its June 16 peak of $225.64. That decline has erased close to $850 billion in market value. SpaceX debuted on Nasdaq June 12, 2026, pricing shares at $135 in the largest IPO ever. …
ASX Midday Update: BHP Climbs 4% After NSW Mine Proposal, Materials Lead 2% Higher
The ASX Midday session on Wednesday saw BHP Group jump nearly 4% on fresh mining news. Materials stocks led the broader market higher, climbing 2% by midday. The S&P/ASX 200 rose 0.33% to 8,838 points during Wednesday’s trading. BHP shares reached $60.94 after New South Wales moved to rezone Mt Arthur mine land. Softer US…
Cyclosporiasis Cases Surge to 6,745 as Lettuce Emerges as Likely Source
Nearly 7,000 cyclosporiasis cases reported across 34 states in 2026. Michigan officials point to lettuce as likely source. CDC warns of continued spread through August.
House GOP Ends Weeks-Long Floor Blockade After Conservative Rebellion
House Republicans end weeks-long floor blockade after Speaker Johnson agrees to attach SAVE America Act to appropriations bills. Procedural vote passes 215-211.
German Driving License Reform 2027: Costs Drop, Rules Change July 15
Germany’s 2027 driving license reform cuts costs and simplifies training. Theory test shrinks by 33%, practical exam drops from 30 to 25 minutes, parents can supervise practice drives, and mandatory classroom instruction ends.