U.S. COMMERCE SECRETARY HOWARD LUTNICK: 90-DAY EXTENSION OF THE US-CHINA TRADE TRUCE IS LIKELY

*NIVIDA H20 STOCKPILE WILL NOT BE SUFFICIENT TO MEET CHINA'S ACCELERATING DEMAND FOR A.I. COMPUTE - JEFFERIES

STRATEGY $MSTR price-target raised to $680 at Cantor Fitzgerald. Analyst Brett Knoblauch says Saylor's Strategy is highly likely to be one of the largest companies in the world, with 1 million Bitcoins worth $1 million each: "MSTR created the segment, and it has a Bitcoin stack that is unlikely to ever be matched by another entity. Assuming MSTR acquires ~$20bn worth of BTC a year, this puts MSTR on track to reach 1m BTC in just over three years, and that assumes BTC compounds at a 30% CAGR. The sheer size of MSTR's BTC stack combined with capital markets innovation makes MSTR a must-own name in this space, in our view. If BTC is going to $1m, which we think is highly likely at some point in the future, MSTR could be one of the largest companies in the world."

*TESLA IS NOT ALLOWED TO TEST OR TRANSPORT THE PUBLIC, PAID OR UNPAID, IN AN AUTONOMOUS VEHICLE, WITH OR WITHOUT A DRIVER... TESLA WILL ONLY OFFER CHARTERED TRANSPORT FOR EMPLOYEES, FRIENDS, FAMILY, AND SELECT PUBLIC GUESTS - CALIFORNIA TRANSPORTATION REGULATOR

*ANTHROPIC IN TALKS TO DOUBLE ITS VALUATION TO $150 BILLION WITH INVESTMENT FROM MIDDLE EAST FUNDS

OSCAR HEALTH $OSCR downgraded to 'Neutral' (from Outperform) at Baird, price-target slashed in half to $14 (from $28): "Given the recent pre-announced 2Q and 2025G revision (see here), we are increasingly cautious into 2026. While we like the management team, track record of execution, and long-term story, the difficulty is a broader end-market issue with the ACA Exchange Marketplace rather than a company-specific operating issue. Due to the zero-sum nature of ACA risk adjustment and ACA risk adjustment being based on current year diagnoses, there is significant complexity in projecting risk adjustment revenue. This year, the Exchange Marketplace is seeing material / unexpected risk pool deterioration (and likely will again next year into 2026). If we had to guess at the cause of the 2025 risk pool deterioration, possible drivers may include CY25 HIX program integrity measures or Medicaid redeterminations (though the lives that were redetermined are often the "healthier" MDCD lives, they might be sicker than the typical HIX life and therefore catalyze mix shift). Because none of our HIX-exposed MCOs have seen enrollment attrition or unexpectedly large risk adjustment receivables, we suspect private plans are benefiting from the zero-sum risk pools. This creates a significant lack of visibility for OSCR to project / accrue risk adjustment revenue because they can only see their own members, not what’s happening with other competing plans."

This image of Trump and Powell wearing hard hats is so funny for some reason 😂

*AST SPACEMOBILE $ASTS ANNOUNCES $500M CONVERTIBLE NOTES OFFERING

*OPENAI PREPARING TO RELEASE 'CHAT GPT-5' IN EARLY AUGUST, ACCORDING TO THE VERGE

*SUBJECT TO REGULATORY APPROVALS, WE WILL HAVE AUTONOMOUS RIDE-HAILING FOR HALF THE POPULATION OF THE U.S. BY THE END OF THE YEAR - ELON MUSK ON TESLA EARNINGS CALL