A federal judge ruled today that Yelp gains an advantage in the Google antitrust case. The court recognized Alphabet's monopoly status and skipped a discovery phase on market power. That procedural win could accelerate the broader case timeline.
Semiconductor short sellers are active. Wolfspeed SI % FF hit 114.8%, up nearly 15 points in a week. Zero availability means shares to borrow are exhausted. CoreWeave saw shorts climb to 28.8% of free float. Against that, SOXL short interest dropped 10.4% in a single day to 4.4% of float — a sharp reversal after a week of heavy building.
Resideo Technologies announced a spin-off of its ADI business. The distribution is set for August 3 under ticker ADIG. Shareholders get one new share for every two Resideo shares held. On dividends, Bank OZK raised its quarterly payout from $0.47 to $0.48.
The Lime IPO made waves. The Uber-backed bike and scooter group priced at $25 per share and raised $167 million. Goldman Sachs, JPMorgan, and Jefferies underwrote the deal. Separately, Italian tech group Bending Spoons — owner of Evernote and Vimeo — soared 40% on its Nasdaq debut after raising $1.68bn in one of Europe's biggest tech IPOs this year.
KNDS, the Franco-German tank maker, pulled back its IPO plans after investors balked at a €12bn-plus valuation.
Hedge funds posted strong first-half results. Millennium and Point72 both delivered double-digit returns as Iran-related volatility faded.
Q3 earnings begin today. Greenbrier Companies and Franklin Covey both report. Tomorrow, Bang & Olufsen and UK retailer Currys drop full-year results alongside US consumer names Bassett Furniture and Culp.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
