Good morning.
The Fast Five → Markets sink on global selloff in chip stocks, Kalshi bets on Wall Street, US slaps 25% tariff on most Brazilian goods, Netflix feeds anxiety with disappointing forecast, and short sellers load up against SpaceX...
📌 ALERT: Drop these 5 stocks before the market opens tomorrow →
(from Weiss Ratings)
Calendar: Full Calendar »
Today:
Consumer Sentiment, 10:00A
Monday:
None watched
Your 5-minute briefing for Friday, July 17:
BEFORE THE OPEN
As of market close 7/16/2026.
Pre-Market:
Market Wrap:
Futures: Dow -62 (-0.1%), S&P -0.2%, Nasdaq -0.3%
Thu: Dow -106 (-0.2%), S&P -0.5%, Nasdaq -1.5%
Netflix fell 8% despite meeting earnings expectations
Chip stocks extended their selloff, weighing on markets
Semiconductor ETF is down nearly 7% this week
Strategists view the pullback as a healthy consolidation
Focus remains on earnings as AI leadership is tested
EARNINGS
None watched today. See full earnings calendar »
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HEADLINES
The prediction market platform on Thursday launched 13 contracts that let users bet on the outcome of clinical drug trials.
Wall St ends lower as chip weakness offsets solid earnings, economic data (more)
US slaps 25% tariff on most Brazilian goods over 'unfair trade practices' (more)
Fed's Logan favors modestly higher rates to lower inflation (more)
US weekly jobless claims fall; labor market remains stable (more)
US pending home sales slump in June amid affordability challenges (more)
Oil prices dip but hold near highest in a month on Middle East tensions (more)
Gas is nearly $4 again and diesel just topped $5 (more)
SpaceX stock under pressure again ahead of first test flight since IPO (more)
Short sellers load up against SpaceX as stock drops below IPO price (more)
Netflix feeds investor anxiety with disappointing forecast (more)
PYPL surges 17% as Stripe-Advent $53B buyout bid puts $60.50 level in focus (more)
UnitedHealth regains earnings momentum, shares surge (more)
Uber in $15B deal for Delivery Hero to create global takeout giant (more)
TSMC to invest additional $100B in Arizona after second-quarter profit soars 77% (more)
Micron signs deals with Qualcomm, others for AI automobile chip components (more)
Verizon to sell 274 stores, lay off another 500 corporate employees (more)
Chinese filing implies DeepSeek valuation of around $52B (more)
DEALFLOW
M+A | Investments
Uber in $15B deal for Delivery Hero to create global takeout giant
Lilly enters psychedelic drug race with up to $3.8B AtaiBeckley deal
Micron signs deals with Qualcomm, others for AI-powered automobile chip components
Crypto.com secures $400M strategic investment from Citadel Securities
Lendistry secures $100M credit facility from East West Bank
VC
Fireworks, a platform for specialized intelligence enabling companies to train and serve custom models, raised $1.5B in Series D funding
Wonder, a food technology platform, raised $650M in Series D funding
Alpaca, an agent-first brokerage infrastructure company, raised $135M in funding
Fora, a platform empowering travel entrepreneurs, raised $60M in Series D funding
InstaLILY, enterprise AI engineering software and small data center infrastructure, raised $60M in Series B funding
Xenter, a healthcare intelligence platform for diagnostic evaluation and wireless medical devices, raised $58.25M in Series B financing
Bunkerhill Health, a provider of AI-powered agent healthcare systems, raised $55M in funding
Sable, an AI employee company built to lead customer interactions end-to-end, raised $45M in funding
Whale, an enterprise AI company building an AI operating system for enterprise operations, raised $40M in Series C3 extension funding
Thira, a developer of AI system solutions improving complex workflows, raised $21M in Seed funding
NxLite, a manufacturer of air-stable coatings for glass and polymeric substrates, raised $13.1M in Series A funding and a $3.5M debt facility
Beacon Security, a platform for agentic cybersecurity work, raised $13M in Seed funding
Kind Designs, a climate resilience company, raised $10M in Pre-Series A funding
Glacis Labs, a crypto infrastructure company building a layer service for digital assets, raised $6.8M in Seed funding
EverSettled, a developer of an AI-driven estate settlement and probate automation platform, raised $5M in Seed funding
DeweyLearn, a multimodal AI platform that understands human learning at scale, raised $5M in Series A funding
Proaction, an AI-native fleet management technology and services company, raised $4.2M in funding
Fave, an organic drink mix brand, raised $1M in Seed funding
Intrinsic Power, a developer of AI-enabled electrical infrastructure, raised Seed funding in undislosed amount
CRYPTO
Citadel Securities invests $400M in Crypto.com, valuing exchange at $20B (more)
US adds four Iran central bank crypto wallets to sanctions, Tether freezes $131M (more)
T. Rowe Price bets on active management with first multi-token crypto ETF (more)
Visa backs Open USD with new stablecoin platform, Circle faces fresh competition (more)
Dormant Bitcoin whale moves $383M after more than 8 years (more)
BULLISH BITES
📊 Here’s what is happening behind the market’s swings.
🎢 The investors riding along with Strategy’s Bitcoin rollercoaster.
🤖 A New York school district is testing robot teachers.
🇺🇸 The Washington Post picks the 25 Most Influential Works of American culture.
DAILY SHARES
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