Bank of America CEO Warns of Weaker Investment-Banking Fees in Q3 as Shares Slide
BofA’s Q3 capital-markets outlook cooled: investment-banking fees down over 10%, trading roughly flat. Shares led bank-stock declines.
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#Event-Driven Stocks↓
AirJoule Buys BitSink. Investors Focused on the Price Tag First
AirJoule’s BitSink buy adds cooling revenue, but the market sold the stock on new shares, lower cash, and steep earnout targets.
Ondas Buys GATE and Bron to Add Electronic Fuzes to Its Precision-Strike Platform
Ondas acquires GATE and Bron for $205M, adding electronic safe-and-arm fuzes used in missiles, drones, and loitering munitions.
Michael Dell’s Family Office and Sequence Holdings to Take Baldwin Group Private in $7.7 Billion Deal
Sequence Holdings and Michael Dell’s DFO will take Baldwin Group private. Shareholders get $32.50 a share, an 88% premium to June 17.
Elmet Group Wins $450 Million U.S. Investment to Secure America’s Tungsten Supply
Elmet Group wins $450M U.S. investment to expand tungsten production and a $2B contract to rebuild the National Defense Stockpile.
Oracle Spending Hold Lifts Server and Rack Stocks
Oracle kept its $90–95B AI capex plan as Microsoft targets 38 GW by 2032. HPE and Dell jumped on the infrastructure read-through.