Midday Fly By: Argenx to buy Forte, Nvidia in talks for $250B OpenAI backstop
The major averages were mixed near noon, with the Dow higher and the S&P 500 and Nasdaq in decline amid weakness in tech stocks. Still, the market has reacted positively to easing geopolitical tensions and a steep decline in oil prices. Investor attention is focused on a week that includes the Federal Reserve's July policy meeting, second-quarter GDP data, the June personal consumption expenditures price index, and earnings from four of the "Magnificent Seven" companies. The combination of major economic data and heavyweight earnings is expected to drive market direction through the end of the week. Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: Apple (AAPL) is lobbying the Trump administration to let it use Chinese memory chips, while U.S. supplier Micron (MU) is pushing to block the move, WSJ reports Argenx (ARGX) agreed to acquire Forte Biosciences (FBRX) for $77 per share in cash Naver, Nvidia (NVDA), and Brookfield (BAM) announced a proposed expansion of Korea's sovereign AI factory infrastructure, with planned investments that will grow the initial Nvidia DSX AI factory deployment to 200 megawatts Meanwhile,.
The major averages were mixed near noon, with the Dow higher and the S&P 500 and Nasdaq in decline amid weakness in tech stocks.
Still, the market has reacted positively to easing geopolitical tensions and a steep decline in oil prices.
Investor attention is focused on a week that includes the Federal Reserve's July policy meeting, second-quarter GDP data, the June personal consumption expenditures price index, and earnings from four of the "Magnificent Seven" companies.
The combination of major economic data and heavyweight earnings is expected to drive market direction through the end of the week.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1.
STOCK NEWS: Apple (AAPL) is lobbying the Trump administration to let it use Chinese memory chips, while U.S. supplier Micron (MU) is pushing to block the move, WSJ reports Argenx (ARGX) agreed to acquire Forte Biosciences (FBRX) for $77 per share in cash Naver, Nvidia (NVDA), and Brookfield (BAM) announced a proposed expansion of Korea's sovereign AI factory infrastructure, with planned investments that will grow the initial Nvidia DSX AI factory deployment to 200 megawatts Meanwhile,.