Bears remain active. CHWY Chewy saw short interest jump 17.5 points in a week to 87.3% of free float. WOLF Wolfspeed added 7.6 points to 88.9%, even as bearish options piled into chips including NVDA, MU, and AMD. MDT Medtronic's short interest rose 8.3 points to 10.1%, a notable move for a large-cap healthcare name. DPZ Domino's Pizza added to the cautious mood today, with its CFO guiding US comparable sales toward the low end of low single-digit growth and flagging flat international same-store sales for the full year.

M&A and Index Flows

WDAY Workday announced an acquisition of C1.ai, strengthening its identity governance and AI capabilities. On the index front, ORTEX Rebalance Radar puts Moderna at 90% probability of joining MSCI World in November, which would force $4.8 billion of passive buying. Flutter Entertainment saw its MSCI World deletion probability jump to 86% overnight. Mid-America Apartment Communities hit 84%, with $761 million of potential forced selling. The MSCI rank date locks on 19 October.

European Signals

Austrian new-car registrations rose 13% year on year in September 2026, a firm data point against a softer European backdrop. CVC Capital Partners is pursuing Italian pharma name Recordati in an agreed cash-and-stock deal that carries an 82% completion probability per ORTEX.