TXNM Energy and Blackstone said they have extended the terms of their $11.5 billion merger agreement, with the companies now estimating the transaction will close in the first half of 2027. The extension follows a New Mexico Public Regulation Commission decision ordering the companies to unwind a $400 million TXNM stock sale to Blackstone affiliates, saying it lacked PRC approval and was illegal, and imposing $300,000 in fines. TXNM said it entered into a $400 million loan to reverse the stock sale and that the debt will sit at the parent company level. The transaction still requires final approvals from New Mexico’s PRC and the U.S. Nuclear Regulatory Commission, and TXNM shares fell on the day.

GameStop disclosed it now holds nearly 10% of eBay, after buying 3.5 million shares for roughly $381 million and settling 39 million shares via put/call pairs. CEO Ryan Cohen said “we’re coming for eBay one way or another” after eBay rejected his acquisition offer in May. GameStop shareholders last month approved an increase in the company’s authorized share count, giving it more flexibility to proceed. Cohen is also putting $500 million of his own money into the transaction.

Alberta’s 2026 budget projected a C$9.4 billion deficit, but the outlook has improved sharply as WTI oil prices have run well above the budget assumption of $60.50 US per barrel. With prices holding above $70 US for much of spring and summer and briefly topping $100 US, the province could end the year with a surplus of about C$5 billion. The shift is driven entirely by oil, with each $1 move in WTI affecting annual provincial revenue by roughly C$680 million. Officials and economists caution the surplus is not assured and depends on oil prices staying elevated through the rest of the fiscal year, with risks including easing U.S.–Iran tensions and trade disruptions.

The U.S. reinstated a naval blockade on Iran, pushing Brent crude above $85 a barrel. The geopolitical escalation strengthened expectations that inflation and interest rates will stay elevated, increasing worries about funding costs for highly valued tech and software companies. MongoDB, Flywire and Marqeta fell 3%, 3% and 2.3%, respectively, in afternoon trading.

MKDWELL Tech Inc. (Nasdaq: MKDW) said it will acquire British Virgin Islands-based Landvision BVI in an all-share transaction that will give it 100% control of Hong Kong smart-home company Landvision Technology Limited. The deal is valued at US$240 million and will be paid through the issuance of 30,000,000 new shares, representing about 87.72% of the enlarged share capital. Landvision’s business spans Matter-certified smart security hardware, cooling appliances and OEM/ODM services for international retailers and in-house brand channels. MKDWELL said the acquisition is intended to accelerate its shift from cyclical automotive electronics manufacturing toward a consumer AIoT platform.

Argentina-based private holding company Liminar Energía S.A. increased its stake in Crown Point Energy Inc. through a warrant issuance and a standby purchase agreement on July 16, 2026. Liminar bought 238,289,708 shares at US$0.125 per share, taking its ownership to 91%. The disclosure was made to satisfy early warning requirements under Canadian securities laws and reflects a material change in control of Crown Point’s shares. The event relates solely to Crown Point Energy Inc. stock and does not involve indices, commodities, or macro variables.

Global stock markets slid sharply on Friday, with the S&P 500 down 1% for the week, the Dow off 0.8% and the Nasdaq down 1.4%. Chipmakers tied to the AI boom led the decline as investors worried that expected AI profits may not materialize as quickly as valuations imply. Oil prices kept jumping as the war with Iran continued, according to AP. The moves underscored how crude and major equity indexes can post directional, tradable intraday swings at the same time.

Vertex bought the San Diego startup, projecting over $5 million in revenue per year for Crinetics developments.