ICE to Buy MarketAxess for $6B, Betting NYSE's Playbook Can Fix the $145 Trillion Bond Market
NYSE parent ICE to acquire MarketAxess (MKTX) for $167/share cash ($6B equity value), a 33% premium, aiming to unify institutional and retail bond trading and challenge Tradeweb in the $145T global fixed income market.
Paramount CEO 'Highly Confident' $111B Warner Bros. Discovery Deal Survives 12-State Legal Challenge
Paramount CEO David Ellison issued a staff memo July 29 saying he is 'highly confident' the $111 billion acquisition of Warner Bros. Discovery will close, even as 12 state attorneys general have obtained a court order blocking the deal. WBD trades at $25.77 vs the $31.00 offer price — a 12.5% spread.
DoorDash Air Takes Flight: Company Builds Proprietary Drone Division After FAA Part 135 Certification
DoorDash launches DoorDash Air, a proprietary drone delivery division backed by FAA Part 135 air carrier certification. The in-house division, developed by DoorDash Labs, operates alongside existing Wing and Flytrex partnerships and integrates with an Autonomous Delivery Platform coordinating aerial, ground-robot, and human deliveries in real-time.
Garmin (GRMN) Soars 18% on Record Q2 Beat: EPS $2.81 Crushes Estimates, FY2026 Guidance Raised After TrainingPeaks Acquisition
Garmin reported record Q2 2026 revenue of USD 2.02B (+11% YoY) with pro forma EPS of USD 2.81, beating the USD 2.27 consensus by 23.8%. Operating margin expanded 440 bps to 30.4%. The company raised FY2026 guidance to approximately USD 8.05B revenue and USD 10.00 EPS after completing the TrainingPeaks and TrainHeroic acquisition. GRMN stock surged 18.1% to USD 299.57.
PayPal Holds Out for $70 After Rejecting Stripe's $53B Bid — Q2 Beat Raises the Stakes
Stripe and Advent International's USD 53 billion joint bid for PayPal was rejected by the board as inadequate. After Q2 2026 revenue beat of USD 8.68 billion and adjusted EPS of USD 1.38, CEO Enrique Lores signaled openness to exploring superior-value opportunities, raising the bidder's dilemma.
SK Hynix (SKHY) Q2 2026: Record KRW 60.5T Operating Profit at 76% Margin as HBM4 Enters Mass Production — Shares Slide 9% on Consensus Miss
SK Hynix Q2 2026 operating profit surged 557% YoY to KRW 60.5T at 76% margin; HBM4 mass production began. SKHY fell 9% after missing consensus.
Nvidia (NVDA), Microsoft Lead 37-Member AI Security Alliance
Nvidia (NASDAQ: NVDA) and Microsoft (NASDAQ: MSFT) on Monday, July 27, helped launch the Open Secure AI Alliance, a 37-member group that will build and share open-source tooling for AI-era cyber defense.