Securitize Closes Cantor SPAC; SECZ Trades on NYSE July 2
Tokenization platform Securitize is wrapping its merger with Cantor Equity Partners II, raising about $400M and listing on the NYSE under SECZ on July 2.
Stock Market
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Merck KGaA Buys Bio-Techne for $11.3B; TECH Pops 20%
Merck KGaA acquires Bio-Techne for $11.3B in cash at $73/share, a 24% premium. TECH jumped 20% to $70.70 and the arb spread of 3.2% signals a tight deal.
Schwab Joins Prediction Markets With Cboe S&P 500 Bets
Charles Schwab is partnering with Cboe to launch binary yes/no S&P 500 event contracts, pushing prediction-market trading deeper into mainstream brokerage.
IPO Lock-Up Periods Explained: When Insider Selling Hits
How IPO lock-up periods work, why 180 days is standard, the SEC and FINRA rules behind them, and what tends to happen to the stock when they expire.
BFLY Pops 56% as Midjourney Builds Scanner on Its Chip
Butterfly Network jumped 56% to $8.90 after Midjourney unveiled a full-body scanner using 40 ultrasound-on-chip modules under a $74M license deal.
Treasury Yields Jump as Warsh’s Dot Plot Pencils a 2026 Hike
The Fed held rates 12-0 but its new dot plot now sees fed funds at 3.8% by year-end, above the current 3.5-3.75% band – a hawkish first move under Chair Warsh.
Treasury’s Coupon Storm Hits Right After Warsh’s First FOMC
Treasury sells $24B in 5-year notes hours after the Fed decides June 17, then a 2y/5y/7y trio Jun 23-25 — ~$200B of supply in seven days.
FOMC June Preview: Warsh’s First Dot Plot, Cuts in Play
The June 16-17 FOMC is Kevin Warsh’s first meeting with a fresh Summary of Economic Projections. Here’s what bond and credit markets are pricing.
Dana, Eaton Strike $5.1B Mobility Deal in Reverse Morris Trust
Eaton spins Mobility into Dana in a $5.1B Reverse Morris Trust — $1.1B cash, 50.1%/49.9% split, Q1 2027 close. What the structure does.
Roku Jumps 20% on Reuters Sale Report — What’s Priced In
Roku surged 20% to $143.66 after Reuters reported the streaming platform is exploring strategic options including a sale. What’s priced in.