SpaceX’s blockbuster Nasdaq debut at roughly a $1.77T valuation drew massive retail and institutional demand, with early trading igniting fresh optimism that the long-quiet IPO market could reopen. Beyond the headline valuation and Elon Musk’s surging net worth, the deal’s scale is expected to ripple through underwriting pipelines, secondary liquidity, and tech risk sentiment in coming weeks.
Source: NYT DealBook
Oil slumps on U.S.–Iran deal hopes as markets recalibrate risk and inflation paths
Crude prices extended declines on reports the U.S. and Iran are nearing a deal that could ease tensions and help reopen key shipping lanes, pressuring energy shares while supporting risk assets sensitive to lower inflation. A softer oil complex, if sustained, could relieve some pressure on central-bank policy paths and corporate input costs into the second half.
Source: MarketWatch
SEC moves to rescind Rule 611, potentially clearing the way for onchain stock trading
The SEC proposed scrapping Regulation NMS’s Order Protection Rule (Rule 611), a cornerstone of U.S. equity market structure, opening a 60‑day comment window. Market-structure analysts say the change could remove a key obstacle to compliant trading of tokenized equities and AMM-based execution on U.S. venues by shifting obligations toward broker best‑execution standards.
Source: FinanceFeeds
Citigroup launches blockchain marketplace for tokenized pre‑IPO shares
Citi is rolling out a platform to trade tokenized depositary receipts of private companies, initially for non‑U.S. clients, aiming to modernize access to late‑stage equity and secondary liquidity. The bank says its structure offers greater transparency versus SPVs and brings private-market exposure closer to mainstream brokerage workflows.
Source: FinanceFeeds
Flutter to delist from London, deepening the City’s battle to retain marquee listings
Flutter Entertainment said it will remove its London quote in August after shifting its primary listing to New York last year, underscoring the U.K. market’s competitiveness challenge for high‑growth, internationally held companies. The exit trims the LSE’s roster of blue‑chip consumer/tech‑adjacent names and concentrates Flutter’s liquidity stateside.
Source: Seeking Alpha
Report: DOJ said to clear $111B Paramount–Skydance deal; media stocks jump on consolidation signal
Warner Bros. Discovery shares gained on a report that the Department of Justice approved a $111B sale involving Paramount and Skydance, stoking expectations for broader media consolidation. If finalized, the decision could reshape studio bargaining power, content libraries, and streaming scale economics across the sector.
Source: Seeking Alpha
Shell to sell $1B in wind assets, extends pivot toward cash‑generative hydrocarbons
Shell plans to divest roughly $1B in wind farms, continuing a strategic shift away from capital‑intensive renewables toward higher‑return oil and gas and selective low‑carbon bets. The move highlights Big Oil’s evolving energy‑transition math amid rate headwinds, cost inflation, and investor pressure for disciplined returns.
Source: Seeking Alpha
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