Markets

Canon has launched the imagePROGRAF TC-5210 and TC-5210 M large-format printers, successors to the TC-5200 series. These new models offer improved design, usability, and a focus on sustainability. They feature enhanced paper handling, including ultra-narrow margin printing, and support diverse media types and sizes. Additional features include expanded copying modes, wireless printing support, and incorporate recycled materials, showcasing Canon’s dedication to end-users and environmental responsibility.

Achieve Life Sciences priced a public offering of common stock and warrants at $3.00 per share to fund its cytisinicline program, targeting nicotine dependence. The offering, expected to close around June 30, 2025, aims to raise approximately $45 million, which will be used to advance cytisinicline through the FDA approval process. Cytisinicline, with Breakthrough Therapy designation, is designed to interact with nicotine receptors, potentially aiding smoking cessation.

Xiaomi launched its first SUV, the YU7, along with AI-powered glasses, smartphones, and home appliances. CEO Lei Jun discussed media scrutiny, emphasizing the importance of capability over marketing and highlighting strengths in R&D, quality, and design. The new SUV saw rapid pre-orders, exceeding 200,000 within minutes. Lei Jun also addressed Xiaomi’s strategy in the competitive automotive market, emphasizing the need for a serious approach and excellent standards.

Xiaomi’s YU7 vehicle launch saw phenomenal success, with pre-orders reaching 289,000 units within an hour, mirroring its smartphone sales strategy. Following the launch, Xiaomi’s stock price surged over 5%, hitting a record high of HK$61.45, reflecting a significant recovery from earlier setbacks. This explosive debut highlights Xiaomi’s resilience and its growing presence in the automotive market.

Ecopetrol S.A. is contesting a COP 1.0 trillion tax assessment related to gasoline imports in Colombia, with an additional COP 2.1 trillion in estimated interest. The Tax Authority demands corrections to customs declarations between 2022-2024. The refinery is challenging the assessment and has been paying VAT on gasoline/diesel imports since January 2025, while maintaining its right to challenge the interpretation. The company, a major energy player, also highlights its international presence and commitment to compliance.

A recent report tested claims that lychees could trigger false positives on breathalyzer tests. Results showed brief, elevated readings after lychee consumption, potentially reaching within legal DUI limits. However, these effects quickly subside, returning to near-undetectable levels within minutes. Authorities advise retesting if a false positive is suspected, as similar issues can be caused by other foods and products.

Hurun’s 2025 Global Unicorn Index reveals record-breaking growth, with 1,523 privately held companies valued over $1 billion. The US leads with nearly 50% of the unicorns, followed by China. Software & services dominate, particularly in fintech and AI. SpaceX takes the top spot, followed by ByteDance and OpenAI, highlighting trends in space exploration and artificial intelligence. AI-related unicorns are particularly prominent, with a combined valuation of nearly $1 trillion.

Sage Potash Corp. closed a non-brokered private placement, raising C$6 million, exceeding its initial C$4 million target. The financing will accelerate field activity, planning, and permitting for its Utah potash project. The offering involved 24 million units and warrants. Proceeds will also fund exploration, infrastructure planning, and working capital. Securities are subject to a hold period, and the TSX Venture Exchange granted conditional approval.

Zentek Ltd. is adapting its ZenGUARD™ Enhanced Air Filter commercialization strategy in Canada. Following a Health Canada request for information, the company withdrew its PMRA submission and intends to market the filters as a Class I medical device. Zentek, focused on patented technology for enhanced product performance, aims to improve HVAC filters and is developing aptamer-based technology with McMaster University.

Independent Bank Corporation will release its Q2 2025 earnings on July 24, 2025, around 8:00 a.m. ET, accessible on its website. A conference call will follow at 11:00 a.m. ET with Brad Kessel, Gavin Mohr, and Joel Rahn. Replay details are provided. Independent Bank, with ~$5.3B in assets, offers various financial services across Michigan’s Lower Peninsula.