Q/C Technologies (QCLS) cuts Shkreli-linked ties as a director steps down

Oracle Corp. (ORCL) announced that Larry Ellison, its Chairman and CTO, canceled plans to sell 50 million shares worth $7.5 billion. The company stated no shares were sold under the 10b5-1 plan and Ellison has no further plans to sell his Oracle stock.

Google (Alphabet) plans to invest €13 billion in Finland by 2027-2028, expanding data centers and securing energy. The deal includes a 22-year power agreement with Fortum for nuclear energy. Fortum's shares rose 11% on the news. Google aims to support 37,000 jobs and boost Finland's GDP by €3.6 billion annually during construction. The investment focuses on AI infrastructure and sustainable energy, with heat recovery and wind power agreements.

Korean tech giants Samsung and Naver invested heavily in AI infrastructure, with Samsung leading a €3B round in Mistral and Naver-backed Positron AI raising $875M. Panmnesia and Meta proposed CXL-based AI datacenter designs in Nature. MyRealTrip acquired Creatrip to expand its travel platform. Other notable funding rounds include Aidin Robotics, Kitronyx, Credos Partners, and WithDoctors.

Chevron CEO Mike Wirth warned that oil prices may rise as emergency supplies deplete. The U.S. and other countries tapped reserves to stabilize markets after the Iran war. Wirth expects prices to remain elevated due to supply constraints. Chevron plans to invest $7 billion in Venezuela, aiming to boost production to 600,000 barrels per day by 2031. Brent crude futures are up around 8% weekly.

Prologis acquired 69 acres in Minooka, Illinois, for a 1M SF logistics development called Minooka Exchange. The project features a 40-foot clear height, 290 car spaces, and a 185-foot truck court. Prologis sees the Chicago market as supply constrained and aims to provide modern logistics capacity. The company also recently acquired land in Glendale Heights for two Class A logistics facilities totaling 454K SF.

SiriusXM (SIRI) focuses on subscriber revenue growth and pricing strategies, maintaining low churn. The company sees potential in YouTube ad partnerships, expecting 90% audience reach. Advertising revenue rose 5% in Q2. SiriusXM plans share buybacks over dividend increases starting 2027, with spectrum optionality for future growth.