Markets

Changxin Technologies (CXMT), a leading Chinese DRAM memory chip manufacturer, has begun its IPO process. Established in 2016, CXMT focuses on DRAM research, development, manufacturing, and sales. The company, valued at 150.8 billion yuan in its latest funding round, has secured significant backing from investors including the National Integrated Circuit Industry Investment Fund, Alibaba, and Tencent. CXMT’s IPO could make it the first “Storage Chip Stock” listed on the A-shares market, boosting domestic chip manufacturing.

New Zealand Energy Corp. is raising up to C$3 million through a private placement of common shares at C$0.18 each. The plan includes converting C$300,000 of debt from Charlestown Energy Partners and settling another loan with Vliet Financing B.V. by issuing shares. These transactions are classified as related-party dealings and require TSX Venture Exchange approval.

A three-year-old boy was fatally struck by a truck in Dali City, Yunnan. The driver claims the child was in his blind spot. Legal experts suggest the driver likely bears primary responsibility for failing to observe the road adequately, despite using signals and honking. The incident highlights the duty of care for drivers in pedestrian-heavy areas.

Meta is aggressively acquiring top AI talent, notably hiring Ruoming Pang, former head of Apple’s foundational models team. This strategic move, reportedly driven by a lucrative compensation package, highlights Meta’s drive to bolster its AI capabilities amidst intense industry competition. Pang’s departure may impact Apple’s AI team morale, as the company seeks to advance its AI initiatives.

Barton Gold is acquiring the Wudinna Gold Project for A$5.5 million. The deal involves A$500,000 cash and A$5 million in Barton shares. Cobra Resources’ shareholder vote is set for July 24, 2025, with strong initial support. This acquisition will leverage Barton’s central Gawler Craton infrastructure for future production growth.

OnlyFans, the adult content platform with over 300 million users, is reportedly for sale at an estimated $8 billion USD. Owner Leo Radvinsky is exploring divestment options, with analysts suggesting the valuation might be conservative despite the company’s strong financial performance and growth. Regulatory concerns may influence the sale price.

China’s men’s national football team opened the EAFF E-1 Championship with a 0-3 loss to South Korea. Observers criticized China’s performance, citing superior skill from South Korea and disappointing defensive tactics. China faces Japan next, with concerns about a repeat of their previous seven-goal defeat.

SunLink Health Systems received a deficiency letter from NYSE American for failing to hold its annual stockholder meeting. While its stock will continue trading, it will be flagged with a “.BC” indicator. This issue is unlikely to affect SunLink’s proposed merger with Regional Health Properties, scheduled for a shareholder vote soon. SunLink must hold its annual meeting by June 30, 2026, to regain full compliance if the merger is terminated.

National Bank Holdings Corporation (NBHC) will release its Q2 2025 financial results after market close on July 22, 2025. A conference call will be held the following day, July 23, 2025, at 11:00 a.m. ET. Participants can dial (877) 400-0505 with passcode 9935135. A replay will be available on the company’s investor relations website approximately four hours after the call.

General Dynamics will release its Q2 2025 financial results via a live webcast. Investors can expect a detailed overview of sales, profits, and strategy, with leadership discussing key drivers like global defense spending, technological advancements, and the company’s diverse business segments including aerospace, combat systems, and IT. This event offers valuable insights into the company’s performance and future growth potential within national security and aerospace.