Archives

Adidas Grows Top Line 14% And Achieves Record Sales In Q2

By Amit Chowdhry ● Jul 31, 2026

Adidas reported currency-neutral revenues up 14% in the second quarter of 2026, leading to record net sales of €6.7 billion. In euro terms, revenues grew 13% to €6,743 million, compared with €5,952 million in the prior-year quarter. Direct-to-consumer growth reached 25%, with double-digit increases across all markets.

Shell Agrees To Sell BG Cyprus Limited

By Amit Chowdhry ● Jul 31, 2026

Shell has agreed to sell BG Cyprus Limited, which holds a 35% non-operated interest in Cyprus Offshore Block 12, containing the Aphrodite gas field in the eastern Mediterranean. All produced gas is expected to be sold to the Egyptian Natural Gas Holding Company.

Asbury Advanced Materials Announces Completion Of Graphit Kropfmühl GmbH Acquisition

By Amit Chowdhry ● Jul 31, 2026

Asbury Advanced Materials has completed its previously announced acquisition of Graphit Kropfmühl GmbH from AMG, marking a significant milestone in the company's evolution as a global advanced materials platform. The combination brings together more than 250 years of collective experience in carbon materials and engineered solutions, uniting two long-established names in the industry under a single ownership structure.

University Of Utah Startup NanoKar Therapeutics Builds Next-Gen CAR-T Platform For Multiple Cancers

By Amit Chowdhry ● Jul 31, 2026

University of Utah spinout NanoKar Therapeutics is developing technology to fine-tune existing CAR-T cancer treatments so cells can last longer and work more effectively. The company aims to improve therapies being developed for blood cancers and solid tumors.

CJ Pony Parts Adds Scott Drake And Brothers Trucks To Its Leading Multi-Brand Restoration Platform

By Amit Chowdhry ● Jul 31, 2026

CJ Pony Parts has acquired the Scott Drake and Brothers Trucks brands from Holley Performance Products. CJ Pony Parts is a portfolio company of Century Park Capital Partners.

LPT Aperture Acquires Speculo To Scale AI-Powered Intent Detection Across Residential Real Estate

By Amit Chowdhry ● Jul 31, 2026

LPT Aperture Holdings has acquired Speculo, the AI-powered database engagement company behind Remi. Speculo helps real estate professionals identify consumer intent within their existing databases. Terms of the transaction were not disclosed.

Hanwha Energy USA Subsidiary Expands Retail Electricity Business In PJM

By Amit Chowdhry ● Jul 31, 2026

174 Power Global Retail, a wholly owned subsidiary of Hanwha Energy USA Holdings Corporation, has entered competitive retail electricity markets within the PJM region. The expansion follows the acquisition of Powervine Energy and Powervine Energy MD.

University Of Arizona Reports Continued Growth In Commercialization Activity For Fiscal Year 2026

By Amit Chowdhry ● Jul 31, 2026

The University of Arizona's Tech Launch Arizona reported continued growth in commercialization activity for fiscal year 2026, the period from July 1, 2025, to June 30, 2026. Innovators submitted 372 invention disclosures, the highest number in university history and a nearly 15% increase from the previous year's total of 324.

Scale AI Appoints Francis deSouza As CEO To Lead Next Phase Of Company’s Growth

By Amit Chowdhry ● Jul 31, 2026

Scale AI announced that its Board of Directors has appointed Francis deSouza as Chief Executive Officer, effective August 10, 2026. The appointment was announced July 30, 2026. Jason Droege, who has led Scale as interim CEO since June 2025, will work closely with deSouza during the transition.

Nscale Acquires Anyscale, Enhancing Its Full Stack AI Cloud Platform

By Amit Chowdhry ● Jul 31, 2026

Nscale has entered into a definitive agreement to acquire Anyscale, a platform for scaling AI workloads including data processing, training, inference, and reinforcement learning across thousands of GPUs.

Resilience And Lilly Invest $750 Million To Increase US-Manufactured Medicine Supply

By Amit Chowdhry ● Jul 31, 2026

Resilience has expanded its strategic partnership with Eli Lilly and Company to increase US production of critical medicines, with new manufacturing investments in Ohio. The $750 million investment builds on a partnership first established in 2023.

Citadel Reportedly Buys Most Of Situational’s Stock Holdings After AI Share Rout

By Amit Chowdhry ● Jul 31, 2026

Situational Awareness, an AI-focused hedge fund run by former OpenAI researcher Leopold Aschenbrenner, sold the bulk of its stock portfolio to Ken Griffin's Citadel, according to Reuters. The sale followed heavy losses in the fund's technology holdings, according to Reuters, which cited two sources familiar with the matter.

Banks Reportedly In Talks To Lend $15 Billion For Anthropic Data Center Backed By Google

By Amit Chowdhry ● Jul 31, 2026

Data-center developer Nexus Data Centers is in advanced talks to raise $15 billion for a Texas campus tied to Anthropic, with Alphabet's Google offering financial guarantees and supplying chips, according to the Wall Street Journal, citing people familiar with the matter. The project is located in Hubbard, Texas.

Sun Auto Network Acquires Integrity Automotive To Expand Pacific Northwest Service Footprint

By Amit Chowdhry ● Jul 31, 2026

Sun Auto Network has acquired Integrity Automotive, an Issaquah, Washington-based provider of vehicle maintenance and repair services. The addition expands Sun Auto's Pacific Northwest network to 25 locations and extends its presence east of the Seattle metropolitan area.

Vida Shoes Acquires Donald Pliner To Expand Premium Fashion-Comfort Footwear Portfolio

By Amit Chowdhry ● Jul 31, 2026

Vida Shoes International has acquired Donald Pliner, including the premium footwear brand's intellectual property and related assets. The transaction closed on July 20, 2026, and financial terms were not disclosed.

Procode Raises $10 Million Series A To Expand AI-Powered Medical Billing Across Surgical Specialties

By Amit Chowdhry ● Jul 31, 2026

Procode has raised $10 million in Series A funding to expand its AI-powered medical billing and revenue cycle management platform across additional surgical specialties and ambulatory surgery centers. The round was led by Health Velocity Capital and brings Procode's total venture funding to $14 million.

American Tungsten And Antimony To Acquire Nevada Refinery And Arizona Mine

By Amit Chowdhry ● Jul 31, 2026

American Tungsten & Antimony has signed an agreement to acquire the Del Sol Refinery in Nevada and the White Spar Antimony Mine in Arizona through a combination of cash and stock. The transaction is intended to support the company's strategy of developing a vertically integrated U.S. supply chain for antimony and tungsten products.

OpenAI Launches ChatGPT for Academic Researchers, Offering Free Access to 100,000 Researchers

By Amit Chowdhry ● Jul 31, 2026

OpenAI has introduced ChatGPT for Academic Researchers, a program giving researchers at selected academic institutions free access to its frontier models. The program will start with 10,000 researchers this summer. OpenAI plans to expand to 100,000 researchers through 2027.

Fanatics To Acquire Exchange And Clearinghouse From BGC

By Amit Chowdhry ● Jul 31, 2026

Fanatics has agreed to acquire Water Street Labs and CX Clearinghouse L.P. from BGC Group. Water Street Labs is a Commodity Futures Trading Commission registered Designated Contract Market. CX Clearinghouse is a CFTC registered Derivatives Clearing Organization.

Binance bStocks Reaches $500 Million In AUM As A New Generation Of Investors Turns To Tokenized Stocks

By Amit Chowdhry ● Jul 31, 2026

Binance announced that bStocks, its tokenized securities offering, has surpassed $500 million in assets under management. The milestone came seven weeks after launch. The product went live June 11, 2026, and has expanded from five tickers to more than 46 listings.

LemonEdge Raises $21 Million Series A Funding Round To Modernize Private Markets Infrastructure

By Amit Chowdhry ● Jul 31, 2026

LemonEdge, a fund accounting platform built for private markets, has completed a $21 million Series A investment round. Blackstone Innovations Investments led the round. BNY joined, along with participation from existing investor Sidekick Partners, bringing LemonEdge's total funding to more than $30 million.

ZuriQ Raises $25.5 Million To Scale New Groundbreaking 2D Quantum Architecture

By Amit Chowdhry ● Jul 31, 2026

ZuriQ, a Swiss quantum computing company spun out of ETH Zürich, has raised $25.5 million in seed funding. The round was announced July 28, 2026. It builds on the company's $4.2 million pre-seed round in 2025 and is led by Quantonation, with participation from Forward.one, Extantia, Firgun Ventures, and all previous round investors.

Orange And Morrison Announce Plans To Create A Data Center JV To Strengthen Europe’s Digital Sovereignty

By Amit Chowdhry ● Jul 31, 2026

Orange and global infrastructure investor Morrison have entered into an exclusivity agreement to create a jointly controlled data centre company in France. The announcement came July 27, 2026. The 50/50 joint venture targets capacity of 400 MW, nearly ten times Orange's current capacity, supported by a €3 billion investment.

Kirkland: Leading Debt Finance Lawyer Kelsey Baumberger Joins

By Amit Chowdhry ● Jul 31, 2026

Kirkland & Ellis has announced that Kelsey Baumberger has joined the firm as a partner in its Debt Finance Practice Group. Baumberger brings experience structuring sophisticated financing arrangements, including asset-backed securities and other tailored capital solutions.

Doctronic Expands Into Pediatrics, Accelerating Its Vision For An AI-Native Primary Care Platform For The Entire Family

By Amit Chowdhry ● Jul 31, 2026

Doctronic has announced its expansion into pediatric primary care through the acquisition of Summer Health, a platform for virtual, text-based pediatric care.

Apple Reports Revenue Is Up 16% To $109.4 Billion For Q3 2026

By Amit Chowdhry ● Jul 31, 2026

This week, Apple has announced its financial results for its fiscal 2026 third quarter ended June 27, 2026. The company posted quarterly revenue of $109.4 billion, up 16 percent year over year. iPhone, Mac, and Services revenue set new June quarter records, along with total company revenue and earnings per share.

Amazon Reveals Net Sales Up 20% To $200.6 Billion For Q2 2026

By Amit Chowdhry ● Jul 31, 2026

Amazon.com announced financial results for its second quarter ended June 30, 2026. Net sales increased 20% to $200.6 billion, compared with $167.7 billion in the second quarter of 2025. Operating income increased to $27.5 billion, up 43% year-over-year.

Tiptree Reveals Book Value Of $907 Million And Acquisition Of Universal Shield Insurance Group For $100 Million

By Amit Chowdhry ● Jul 31, 2026

Tiptree has announced its financial results for the three and six months ended June 30, 2026. The company also announced a definitive agreement to acquire Universal Shield Insurance Group, a specialty property and casualty insurer operating in admitted and excess and surplus markets, for cash consideration of $100 million.

Xsight Labs Raises More Than $300 Million At $2.8 Billion Valuation To Power Next-Generation AI And Cloud Networks

By Amit Chowdhry ● Jul 31, 2026

Xsight Labs, a fabless semiconductor company providing connectivity solutions for hyperscale, edge, and AI data center networks, has closed a $300 million-plus funding round. The round establishes a $2.8 billion post-money valuation. Fidelity Management & Research Company led the round with participation from new and existing investors.

Dili Raises $21.7 Million From Khosla Ventures To Bring AI-Powered Assurance To America’s Infrastructure Boom

By Amit Chowdhry ● Jul 31, 2026

Dili, an AI-native compliance platform for the industries powering America's infrastructure buildout, has announced $21.7 million in total funding. This includes a $15 million Series A led by Khosla Ventures. Participants included Y Combinator's Garry Tan, Allianz, Brick and Mortar Ventures' Darren Bechtel, and Rebel Fund.