Deep Fission and Youngquist Brothers Announce Collaboration on Deep, Large-Diameter Borehole Drilling for Underground Nuclear Reactor Deployment

Deep Fission (FISN) rose about 8.1% after it said the U.S. Department of Energy approved its Nuclear Safety Design Agreement for its underground gravity SMR. The company said the approval supports advancing its reactor design. The move is tied to DOE safety-design clearance, which investors may view as progress toward development.

Deep Fission Inc., which is developing an underground Gravity Reactor in Parsons, Kansas, plans an IPO of 2.5 million shares to raise more than $40 million, according to an SEC filing. It previously targeted about 6 million shares at $24–$26, but revised the offering to $16–$18. The company seeks Nasdaq listing under FISN and says its reactor is unproven; it drilled its first well and plans NRC licensing in early 2027.

Berkshire Hathaway, led by Greg Abel, increased investments in Alphabet and Delta Air Lines, and repurchased $4.5 billion of its own stock in Q2. Abel's strategy aligns with Buffett's value-focused approach, with Berkshire holding $359.2 billion in cash and short-term investments post-purchases. Berkshire's buybacks follow a rule where shares are repurchased only when below intrinsic value, with average prices of $476.01 in May and $487.98 in June.

AT&T (T) is selling its wireless business in Mexico and eliminating the role of its global marketing officer, Lori M. Lee, as part of a strategic shift to streamline its international operations. The changes reflect efforts to reconfigure its global strategy and may impact its competitive position in Latin America.

Scotiabank filed a Form 6-K on October 16, 2026, confirming the validity of US$2.3 billion in senior notes. The notes, maturing between 2029 and 2032, have fixed-to-floating and floating-rate structures. Legal opinions from Allen Overy Shearman Sterling US LLP and Osler, Hoskin & Harcourt LLP support the notes' validity. The filing is part of Scotiabank's broader capital markets program.

TD Cowen raised its price target for Strive, Inc. (ASST) to $56 from $44, citing faster Bitcoin (BTC) accumulation. Strive's BTC holdings grew to 35,595, exceeding estimates. The company issued $630M in preferred shares to fund purchases, maintaining a debt-free balance sheet. Analysts highlight the strategy of financing via preferred equity to grow BTC holdings without issuing common stock.