Feed

TSMC reported second-quarter revenue of $40.20 billion, up 33.7% year over year, with net income rising 77.4% to NT$706.56 billion. High-performance computing expanded to 66% of revenue from 60% a year earlier, while advanced nodes accounted for 77% of wafer revenue. TSMC guided third-quarter revenue to $44.6 billion–$45.8 billion and gross margin to 65%–67%. Management also raised its expected 2026 revenue-growth rate to slightly above 40%, according to AP, while maintaining the previously announced $52 billion–$56 billion capital-spending range.

California and 11 other states filed a federal antitrust lawsuit seeking to stop Paramount Skydance’s acquisition of Warner Bros. Discovery. The transaction carries an approximately $81 billion equity value and nearly $111 billion value including debt. The complaint alleges that the combination would control about 27% of wide-release theatrical distribution, more than 30% of anticipated top-grossing films and 27% of basic-cable licensing. The states asked the companies to delay closing voluntarily and said they would otherwise seek a temporary restraining order. Paramount says the complaint mischaracterizes competition and has pledged to defend the transaction.

AI inference-platform company Fireworks announced a $1.505 billion Series D at a $17.5 billion valuation, led by Atreides Management, Index Ventures and TCV, with Nvidia and other investors participating. The company says it has surpassed $1 billion in annualized revenue run rate and processes more than 40 trillion tokens daily. Fireworks plans to use the capital to expand compute infrastructure and engineering.

Eli Lilly signed a definitive agreement to acquire psychedelic-treatment developer AtaiBeckley. Shareholders are slated to receive $6.75 per share in cash at closing, valuing the upfront consideration at about $2.8 billion, plus contingent value rights worth up to $2.50 per share if specified clinical, regulatory, and DEA-rescheduling milestones are reached. Total potential consideration is approximately $3.8 billion.

New reporting identified the previously unnamed business that Netflix acquired for approximately $587 million in cash in March as InterPositive, Ben Affleck’s 16-person filmmaking-AI startup. Netflix’s SEC filing independently confirms the cash purchase price but does not identify the target. Variety reports that Affleck became a senior adviser and that the acquired tools support post-production work including relighting, mixing and visual effects. Netflix said during Q2 earnings that roughly 300 titles had used some form of generative AI in 2026.

Chinese startup Moonshot AI released Kimi K3 on July 16, describing it as a 2.8-trillion-parameter open-weight multimodal model focused on coding, reasoning, and agentic work. API access is live, while downloadable weights are reportedly due July 27. Early coverage says K3 is competitive with leading US systems on selected benchmarks, but real-world reliability and the vendor’s benchmark claims remain insufficiently tested.

A federal judge heard arguments July 17 on a 12-state coalition’s request to temporarily restrain Paramount Skydance’s proposed $111 billion Warner Bros. Discovery takeover. The judge said a decision would come by July 22. Paramount offered not to close for roughly 30 days while seeking an expedited preliminary-injunction hearing. The transaction’s economics become more painful after September 30, when reporting says Paramount would owe WBD investors more than $7 million per day in ticking fees; the deal also carries a reported $7 billion regulatory termination fee.

Databricks said it signed a term sheet for a strategic financing led by existing investor Coatue at a $188 billion valuation. Reuters, citing the Wall Street Journal’s unnamed sources, reported that the proposed investment is $3 billion. The valuation is $54 billion, or roughly 40%, above the $134 billion mark associated with an approximately $5 billion financing earlier in 2026. The transaction is expected to close later in the summer, so it should be treated as a proposed round rather than completed funding.

The Treasury Department and principal federal stablecoin regulators reached the GENIUS Act’s July 18, 2026 rulemaking deadline without completing the required final regulations. The missed deadline does not automatically postpone the statute’s effective-date mechanics or its July 18, 2028 restriction on U.S. service providers offering stablecoins that lack permitted-issuer status or an eligible foreign-issuer pathway. That creates material compliance and listing uncertainty for offshore-issued USDT, although Tether says USDT is progressing toward compliance and has separately launched federally regulated USA₮ through Anchorage Digital Bank.

Netflix reported second-quarter revenue of $12.56 billion, up 13.4% year over year, and net income of $3.4 billion. The company said recent membership growth and price increases contributed to results and projected approximately $3 billion of advertising revenue for 2026. Viewing hours increased about 2% in the first half to roughly 97 billion, but Netflix said it will move its detailed engagement report from twice yearly to annually beginning in 2027. Shares fell more than 8% after hours as third-quarter revenue guidance came below analysts’ expectations.

Fanatics Fest NYC opened July 16 at the Javits Center with a collector zone featuring more than 250 dealers, event-exclusive Topps products, live breaking, trading, and a new Card Combine experience. Topps is using ticket-gated EQL draws for limited products that winning attendees must purchase and collect in person. Fanatics also expanded FanCash so attendees can earn and redeem it with participating brands, retail locations, and concessions, turning the four-day event into a direct commerce and loyalty funnel rather than only a convention.

Sports Collectors Daily, citing GemRate’s transaction analysis, reported that eBay sports-card single sales totaled $1.36 billion in the first half of 2026. That was up 40% from $967 million in the second half of 2025 and about 67% from $815.63 million in the first half of 2025. Total eBay singles sales across sports, TCG and non-sport cards reportedly reached $2.32 billion, up 57% sequentially. More than five million sports cards were also graded during the six-month period.

Holtec Nuclear Corporation publicly filed an S-1 for a proposed Nasdaq and Nasdaq Texas listing under the symbol HNUC. The number of shares and expected price range remain blank. The filing positions an integrated nuclear business—covering spent-fuel systems, decommissioning, reactor operations, manufacturing and the planned SMR-300—as a potential public-market vehicle. J.P. Morgan, Guggenheim Securities, Goldman Sachs, Citi and Bank of America are among the lead bookrunners.

France’s National Gambling Authority ordered French internet providers to block Polymarket, escalating an earlier restriction on financial transactions into a direct access ban. The regulator characterized Polymarket as promoting an illegal gambling offering and cited its substantial French audience. The action is a concrete market-access setback for crypto-based prediction markets and adds to a growing jurisdiction-by-jurisdiction licensing problem.

Strategy Executive Chairman Michael Saylor published a 110-point argument against BIP-110, a proposed temporary soft fork intended to restrict certain data-heavy Bitcoin transactions. He argues that the proposal would compromise transaction neutrality and create a censorship precedent. The proposal reportedly bundles seven consensus restrictions and uses a 55% miner-signaling threshold, leaving adoption and chain-split risk unresolved.

Kraken has launched European-style, cash-settled BTC and ETH options for eligible professional and institutional Kraken Pro clients. The initial product uses request-for-quote execution, offers weekly through semiannual expiries, settles premiums and profit-and-loss in U.S. dollars, and combines spot, futures and options under portfolio margin in one wallet. Kraken plans European availability, a public order book and more assets in later phases, subject to regulation.

South Korea’s Financial Supervisory Service reportedly sent Dunamu an inspection report concerning the November 2025 theft of 44.5 billion won, the first formal step toward possible sanctions. Upbit covered approximately 38.6 billion won in affected customer assets from its reserves and has reportedly frozen 2.6 billion won of the stolen funds. The potential sanction is commercially important because Dunamu’s stock-swap merger with Naver Financial remains pending.

Early estimates place The Odyssey’s domestic opening near $117 million to $120.5 million after approximately $51 million from Friday and previews. Universal reported $17.6 million from Thursday previews, with one accessible report saying 58% came from premium formats. The film was reportedly produced for about $250 million, making the result an early test of whether premium-priced IMAX and large-format screenings can de-risk a major literary-IP adaptation.

The Bureau of Labor Statistics reported that U.S. import prices increased 0.3% in June while export prices fell 0.6%. Import prices were 7.1% higher than a year earlier, the strongest annual increase in nearly four years, while export prices were up 10.2% annually. The monthly import increase came despite lower food and energy prices, indicating pressure from capital and consumer goods; prices of imports from China recorded their largest monthly increase in more than 18 years.

A July 19 YouTube video documents a stated $1 million cash offer for a collection featuring elite Lionel Messi and Cristiano Ronaldo cards, including what the video describes as a Messi in a ‘true 9’ and a Ronaldo in a ‘true Gem 9.5.’ The owner reportedly declined. Because the offer was not accepted, it is not a comparable sale, and the collection’s inventory, grading companies, ownership and offer conditions could not be independently verified.

Alliance for a Better Utah, Elevate Strategies and their founders filed a federal defamation complaint against Fox News Network and Kevin O’Leary. The plaintiffs allege that O’Leary repeatedly used Fox appearances to portray them as Chinese-government proxies while defending his proposed Utah AI data-center development. The filing follows O’Leary’s public acknowledgment that he lacked evidence of Chinese funding and Fox’s on-air corrections. Fox says it corrected the record; O’Leary’s attorney has characterized the lawsuit as a cash grab. The allegations and claimed damages remain unproven.

Telemundo reportedly acquired exclusive U.S. Spanish-language rights to UEFA’s men’s club competitions for three seasons beginning in 2027-28. The package encompasses the Champions League, Europa League, Conference League, Super Cup and Youth League. Financial terms were not disclosed. The acquisition materially expands NBCUniversal’s Spanish-language live-rights portfolio beyond its existing Premier League, U.S. Soccer and other fútbol coverage.

TechCrunch reports that Uber and Waymo are lobbying on opposing sides of a proposed Washington, D.C., autonomous-vehicle framework. Uber is pushing for a system that would steer robotaxis through mixed human-and-autonomous ride-hailing networks, while Waymo favors the ability to operate its own vertically integrated service. Separately, San Francisco's mayor asked California officials for stronger statewide requirements after Waymo vehicles contributed to disruption during major events and emergencies. The combined pressure could affect robotaxi distribution, fees, fleet economics and the pace of market entry.

Project Eleven says it funded and built with Binius developer Jim Posen a post-quantum zero-knowledge proof that uses a wallet’s BIP-32 derivation history to distinguish a legitimate owner from someone who obtained the address key with a future quantum computer. The prototype reportedly generated a proof in 243 milliseconds and verified it in 40 milliseconds on an M5 MacBook Air. It supports three Bitcoin address formats, but is unaudited, does not work as a recovery feature on Bitcoin today and would require protocol integration. It also cannot recover early wallets lacking the required hierarchical derivation path, including the coins commonly attributed to Satoshi.

Netflix acquired U.S. and Latin American rights to “Ink,” Danny Boyle’s film adaptation of James Graham’s play about Rupert Murdoch’s early tabloid empire. Studiocanal, which produced the film with Media Res and House Productions, retains a theatrical role across territories including the U.K., France, Germany, Italy, Poland, Benelux, Australia and New Zealand. WME Independent and Studiocanal handled the Netflix transaction. Financial terms, release-window details and the extent of any U.S. theatrical commitment were not disclosed.

Vox Media Studios and Disney-owned 20th Television signed a multi-year first-look agreement covering scripted and unscripted series across platforms. The partnership emphasizes adapting intellectual property from Vox Media reporting and podcasts, including New York Magazine, for Disney Entertainment Television outlets. Financial terms and guaranteed production commitments were not disclosed.

Developers associated with Zcash have released Zakura v1.0.0, a pruned node derived from Zebra that reportedly syncs in under two minutes, uses roughly 11 GB of disk and provides compatibility for services migrating from the retired zcashd software. Its larger roadmap targets at least 50,000 private transactions per second through recursive proofs and private-information-retrieval research. That throughput is a design target, not a demonstrated benchmark.

Rising-radar signal: mentions accelerating 7→3→5 per 6h across 4 independent domains. Not yet verified — pre-peak coverage signal.

Rising-radar signal: mentions accelerating 1→1→3 per 6h across 5 independent domains. Not yet verified — pre-peak coverage signal.

Rising-radar signal: mentions accelerating 3→5→8 per 6h across 14 independent domains. Not yet verified — pre-peak coverage signal.

Rising-radar signal: mentions accelerating 6→2→5 per 6h across 10 independent domains. Not yet verified — pre-peak coverage signal.

Rising-radar signal: mentions accelerating 3→1→18 per 6h across 17 independent domains. Not yet verified — pre-peak coverage signal.

Rising-radar signal: mentions accelerating 3→4→8 per 6h across 7 independent domains. Not yet verified — pre-peak coverage signal.

Rising-radar signal: mentions accelerating 7→3→7 per 6h across 14 independent domains. Not yet verified — pre-peak coverage signal.

Rising-radar signal: mentions accelerating 2→1→2 per 6h across 5 independent domains. Not yet verified — pre-peak coverage signal.

Rising-radar signal: mentions accelerating 2→0→4 per 6h across 5 independent domains. Not yet verified — pre-peak coverage signal.

Rising-radar signal: mentions accelerating 3→3→17 per 6h across 19 independent domains. Not yet verified — pre-peak coverage signal.

Rising-radar signal: mentions accelerating 1→1→5 per 6h across 5 independent domains. Not yet verified — pre-peak coverage signal.