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SpaceX is in discussions with the Pentagon to lease AI computing capacity to military and intelligence agencies, potentially entering a market already dominated by Microsoft, Amazon, Google, and Oracle.
Sleep Country, Canada’s largest mattress retailer, agreed to acquire U.S. competitor Sleep Number for $702 million following the latter’s bankruptcy filing.
Clipway, founded by Ardian veterans, closed its debut secondaries fund at $6.4 billion, setting a record for a first-time vehicle in the sector.
Movement Labs, the developer behind the Movement blockchain, filed for Chapter 11 bankruptcy protection after its MOVE token collapsed roughly 99% from its peak.
Tesla reported second-quarter earnings that missed Wall Street expectations despite revenue beating estimates, with free cash flow turning negative and profit margins declining significantly.
EU antitrust regulators approved Paramount’s acquisition of Warner Bros. Discovery on Wednesday, though the deal faces legal challenges from U.S. state attorneys general seeking to block the merger.
IBM reduced its 2026 revenue growth forecast to 4-5% from over 5%, citing weak mainframe sales and adjusted profits below analyst expectations, though shares rose 4% after the announcement.
Southwest Airlines reported stronger second-quarter profits as higher fares offset rising fuel costs, but its third-quarter outlook disappointed analysts with lower earnings forecasts despite projected revenue growth.
Josh Kelly defends his IBF light-middleweight title against Caoimhin Agyarko on Saturday in Saudi Arabia, promising an aggressive performance following his championship victory in January.
Liverpool have made an initial approach to Monaco for winger Maghnes Akliouche, a 24-year-old France international also targeted by Paris Saint-Germain.