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The latest insights and financial news from Quiver Quantitative
JPMorgan ($JPM) said it plans to deploy more than $750 billion through 2035 to expand U.S. housing supply and support homeownership as part of its American Dream Initiative. The firm said the effort includes financing 1 million affordable housing units, helping 500,000 customers purchase homes, and increasing mortgage lending by more than 40%. JPMorgan also said it will work with policymakers and industry groups to advance housing supply reforms, while its recent federal lobbying activity has included housing finance, tax policy, banking regulation, and affordable housing legislation.
- Plans to deploy over $750 billion into housing initiatives through 2035, a nearly 40% increase versus the prior decade.
- Targets financing for 1 million affordable housing units and assisting 500,000 homebuyers, including 200,000 first-time buyers.
- Will hire 850 new Home Lending Advisors and expand mortgage lending by more than 40%.
- Supports housing policy initiatives including zoning reform, permitting modernization, tax credits, and expanded public-private partnerships.
- Announced nearly $200 million in financing for San Francisco's Power Station development and up to $15 million for Fifth Space's Essential Housing Fund.
- JPMorgan disclosed $1.19 million in federal lobbying for the second quarter, including work on mortgage originations, servicing and refinancing, while earlier 2026 filings also covered housing-finance-related banking policy and access to capital.
Relevant Companies
- JPM ($JPM) – Expanding mortgage lending, affordable housing finance, and community development initiatives through 2035.
- TopBuild ($BLD) – Increased residential construction activity could support demand for building products and installation services.
- D.R. Horton ($DHI) – Higher housing financing availability and policies supporting new home construction could benefit large U.S. homebuilders.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Strategy ($MSTR) sold 1,638 bitcoin for net proceeds of $104.7 million and raised another $290.6 million through at-the-market sales of common stock during the week ended Aug. 2. The company used the proceeds to increase its U.S. dollar reserve, fund preferred dividends, repurchase STRC shares and add cash to its balance sheet.
- Strategy sold 3,011,361 MSTR shares, generating $290.6 million in net proceeds.
- Of those proceeds, $250 million went to the USD Reserve, $28.9 million funded STRC repurchases and $11.7 million was added to cash.
- The company sold 1,638 bitcoin at an average net price of $63,957, raising $104.73 million.
- Bitcoin-sale proceeds funded $52.4 million of preferred dividends and $52.3 million of STRC repurchases.
- Strategy held 842,138 bitcoin acquired for $63.51 billion, or an average of $75,419 per coin. Its USD Reserve totaled $4 billion.
Relevant Companies
- Strategy ($MSTR) – The transactions reduced bitcoin holdings while increasing liquidity and funding preferred-stock obligations.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Lockheed Martin ($LMT) and Northrop Grumman ($NOC) have signed Pentagon framework agreements to expand production capacity for missile interceptor components as the U.S. works to replenish munitions stockpiles. The agreements include up to $2 billion supporting Lockheed's PAC-3 MSE Patriot interceptor and about $1 billion tied to the THAAD missile defense system.
- Northrop secured framework agreements worth up to $3 billion to supply components for Lockheed missile interceptor programs.
- Approximately $2 billion supports PAC-3 MSE production, including expanded solid rocket motor manufacturing.
- About $1 billion will support increased production of THAAD interceptor components.
- Lockheed is targeting production of 2,000 PAC-3 MSE interceptors annually by the end of 2030.
- Northrop has invested roughly $2 billion in expanding missile production capacity since 2019 across facilities in Utah, West Virginia, and Maryland.
Relevant Companies
- Lockheed Martin ($LMT) – Prime contractor for the PAC-3 MSE Patriot and THAAD interceptor programs benefiting from expanded production.
- Northrop Grumman ($NOC) – Will expand production of solid rocket motors and THAAD components under framework agreements worth up to $3 billion.
- L3Harris Technologies ($LHX) – Current supplier of PAC-3 solid rocket motors; Northrop's expanded role broadens the program's supplier base.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
THE QUIVER QUANT
EXECUTIVE SUMMARY
Lead story: Leopold Aschenbrenner's Situational Awareness sold its entire public equities book to Citadel after margin calls from Goldman, JPMorgan, and BofA. The fund ran ~4x leverage on concentrated AI infrastructure bets. We break down the Q1 2026 13F portfolio below.
New: President Trump's stock trades are now available on the
STRATEGY PERFORMANCE
13F FILING SPOTLIGHT
The $45B AI Fund That Just Blew Up
The fund launched in late 2024 with roughly $225 million and grew to as much as $45 billion by early July (Bloomberg), backed by Stripe's Patrick and John Collison, Nat Friedman, Daniel Gross, and Jane Street. It ran as much as 4x leverage on concentrated AI infrastructure positions.
When the Philadelphia Semiconductor Index fell roughly 24% from its June 22 peak in July, core holdings dropped 27-54%. The fund held ~$8.5B in semiconductor put hedges (SMH, NVDA, AVGO, AMD, others), but the concentrated infrastructure longs fell harder than the hedges offset. Prime brokers Goldman Sachs, JPMorgan Chase, and Bank of America issued margin calls. The entire ~$20B public equity book went to Citadel in a single block. The fund retains a $5 billion stake in Anthropic.
ANALYST RATINGS
Best and Worst Performing Analysts
Filtered to analysts with 100+ predictions. Ranked by average 3-month return on bullish calls. Data sourced from Benzinga.
THE EDITORIAL QUANT
This Week's Deep Dive
Alexandra Merz told Bloomberg she's skipping the SpaceX IPO because she expects Tesla to acquire SpaceX outright. We dug into the 13F filings and options chain data. Institutional investors are quietly loading up on Jan/Jun 2027 call options at concentrations that suggest someone knows something. Or thinks they do
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SOCIAL MEDIA ROUNDUP
WHAT QUIVER’S POSTING
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Stellantis ($STLA) is recalling more than 1.5 million Ram 1500 pickup trucks worldwide because some second-row seat belt buckle anchors may not have been properly attached to the vehicle body. The defect could reduce seat belt performance and increase injury risk during a crash.
- The recall covers certain 2019 through 2026 Ram 1500 vehicles.
- Affected trucks may have improperly attached second-row center or driver-side seat belt buckle anchors.
- Stellantis said it is aware of one potentially related injury.
- The recall includes approximately 1.27 million vehicles in the United States.
- Another 156,000 vehicles are affected in Canada, 15,000 in Mexico, and about 75,000 elsewhere.
Relevant Companies
- Stellantis ($STLA) - Faces repair, notification, and administrative costs associated with the global recall.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
U.S. officials said they urged China to fulfill its commitments on rare earth exports and purchases of U.S. agricultural products during a call between Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer, and Chinese Vice Premier He Lifeng ahead of a planned September meeting between President Donald Trump and Chinese President Xi Jinping.
- Bessent said the U.S. expects Beijing to fully honor its commitments on rare earths and U.S. agricultural products.
- The officials also discussed implementing Trade and Investment Boards to advance bilateral economic cooperation.
- China previously agreed to address U.S. concerns over rare earth and critical mineral supply following the leaders' meeting in Beijing in May.
- The White House has said China also committed to purchase at least $17 billion of U.S. agricultural products through 2028.
- Chinese state media described the discussions as candid, in-depth and constructive.
Relevant Companies
- MP Materials ($MP) – U.S. rare earth producer directly exposed to developments in the global rare earth supply chain.
- The Mosaic Company ($MOS) – Agricultural supplier that could benefit from increased Chinese purchases of U.S. agricultural products.
- Archer-Daniels-Midland ($ADM) – Major U.S. agricultural exporter that could benefit from expanded Chinese import commitments.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Walt Disney ($DIS) said more than 150,000 public comments have been submitted in support of renewing the broadcast licenses for its eight ABC-owned television stations as the Federal Communications Commission reviews the licenses. Disney argued the stations comply with FCC rules, serve the public interest, and that the accelerated renewal process is unprecedented and unwarranted.
- Disney said over 95% of more than 150,000 public comments support renewing the licenses for its eight ABC-owned stations.
- The FCC initiated an early license review in April as part of an investigation into Disney's diversity and employment practices.
- Disney asked the FCC to dismiss petitions seeking to deny the renewals, arguing the stations have not violated FCC regulations.
- Replies in the FCC proceeding are due by Aug. 5 following the close of the public comment period.
- Recent federal lobbying disclosures show Disney has engaged extensively on broadcast regulation, copyright, intellectual property, tax policy, privacy, AI, and communications issues before Congress and federal agencies.
Relevant Companies
- Walt Disney ($DIS) – The FCC's review concerns the broadcast licenses of its eight ABC-owned television stations.
- Fox Corp. ($FOXA) – Owns major broadcast television stations that operate under the FCC's licensing framework.
- Paramount Global ($PARA) – CBS-owned television stations are also subject to FCC broadcast licensing and media regulation.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
DoorDash ($DASH) has launched DoorDash Air, its in-house drone delivery program, after receiving FAA Part 135 air carrier certification to commercially operate drone deliveries in the U.S. The company plans to begin first-party drone deliveries this fall while continuing to work with existing autonomous delivery partners as it expands its robotics and logistics network.
- The FAA granted DoorDash Part 135 certification, authorizing commercial drone operations, including beyond visual line of sight.
- DoorDash Air was developed by DoorDash Labs and will be integrated into the company's existing delivery platform.
- The company said its drones are primarily built with U.S.-sourced components and are designed to complement human couriers and autonomous delivery partners.
- DoorDash expects to begin operating its own drone deliveries this fall, with additional details planned for its September product event.
- Recent federal lobbying disclosures show DoorDash has engaged on drone and autonomous vehicle policy, AI, labor issues, transportation, and independent contractor legislation.
Relevant Companies
- DoorDash ($DASH) – Expands its delivery network with proprietary drone technology and FAA-certified commercial operations.
- Alphabet ($GOOGL) – Its Wing drone delivery business competes with DoorDash while remaining one of DoorDash's delivery partners.
- Uber Technologies ($UBER) – Competes in autonomous food delivery and partners with several of the same drone and robotics providers.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
President Donald Trump disclosed three purchases of Entergy ($ETR) securities in 2026, including two before the utility announced a major expansion of its power agreement with Meta Platforms ($META). The investments were executed through third-party discretionary accounts described as independently managed.
- Trump’s accounts purchased $15,001–$50,000 of Entergy on March 10 and $1,001–$15,000 on March 16.
- On March 27, Entergy announced seven additional gas plants totaling more than 5,200 megawatts and approximately 240 miles of transmission infrastructure supporting Meta’s Louisiana data center.
- Entergy shares have risen about 10% since the announcement. A third purchase worth $1,001–$15,000 occurred May 15.
- Entergy signed the White House Ratepayer Protection Pledge and modeled its Fair Share Plus program on the administration’s framework. The utility projects approximately $7 billion in customer benefits, including $2.6 billion tied to Meta’s project.
- Entergy and its outside firms reported approximately $2.05 million in federal lobbying during the first half of 2026, covering AI, transmission, permitting, data centers, grid buildout and ratepayer policy.
- Meta and its outside firms reported approximately $15.13 million during the same period. Meta’s filings named AI, energy permitting, the Ratepayer Protection Act and outreach to the White House, DOE and FERC.
- USAspending lists multiple Entergy utility contracts since 2025 involving DHS, DOJ, Interior and the Department of Defense.
Relevant Companies
- Entergy ($ETR) — Utility provider for Meta’s expanding Louisiana data-center campus.
- Meta Platforms ($META) — Developing the Hyperion AI data-center complex.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Ford Motor ($F) has entered the competition to develop the U.S. Army's next-generation tactical truck, securing a Defense Department contract to build three prototype vehicles based on its F-Series Super Duty platform. The program marks Ford's largest military contract opportunity since the Cold War and positions the automaker alongside General Motors ($GM), whose ISV-Heavy prototype is already undergoing Army field testing.
- Ford will develop three tactical truck prototypes designed to support battlefield mobility and provide onboard power for military operations.
- GM's competing ISV-Heavy platform is based on the Chevrolet Silverado HD and has entered Army field testing.
- The Pentagon is seeking to modernize tactical vehicle fleets as global conflicts increase demand for military equipment.
- The program represents Ford's largest defense vehicle opportunity in decades.
- Recent federal lobbying disclosures show Ford has engaged policymakers on defense procurement, automotive manufacturing, supply chains, trade, surface transportation, critical minerals and tax policy relevant to its government and industrial operations.
Relevant Companies
- Ford Motor ($F) – Selected to develop Army tactical truck prototypes for the new vehicle program.
- General Motors ($GM) – Competing with its ISV-Heavy tactical vehicle, which is already in Army testing.
- Oshkosh ($OSK) – A major U.S. military vehicle manufacturer that could be affected by future tactical vehicle procurement decisions.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Comcast ($CMCSA)'s NBCUniversal and Alphabet ($GOOGL)'s YouTube reached a new multi-year agreement that will make Peacock available to U.S. YouTube Premium subscribers beginning in early 2027 while extending Peacock's distribution on YouTube TV. The companies said the partnership represents Peacock's largest wholesale distribution agreement to date, expanding access to its original programming and live sports.
- Peacock will be bundled with YouTube Premium in the U.S., giving eligible subscribers access to Peacock originals, NFL games and NBA coverage beginning in early 2027.
- The companies also renewed their multi-year agreement to continue carrying NBCUniversal television networks on YouTube TV.
- YouTube Premium has more than 125 million global subscribers, while Peacock has approximately 48 million U.S. subscribers.
- Negotiations reportedly began about nine months ago between Comcast Chairman Brian Roberts and YouTube CEO Neal Mohan.
- Recent Comcast lobbying disclosures highlight continued engagement on telecommunications, broadband, media and spectrum policy, while Alphabet lobbying filings show activity on AI, data privacy, competition policy, cloud services and technology regulation relevant to the companies' streaming and digital media businesses.
Relevant Companies
- Comcast ($CMCSA) – The agreement expands Peacock's distribution and extends carriage of NBCUniversal networks on YouTube TV.
- Alphabet ($GOOGL) – YouTube Premium adds Peacock to its subscriber offering while renewing its NBCUniversal programming agreement.
- Netflix ($NFLX) – Another major streaming platform competing for subscriber growth and engagement.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Amazon ($AMZN) has asked the Federal Communications Commission for approval to deploy the Amazon Leo Direct-to-Device (D2D) System, a constellation of up to 5,105 low-Earth orbit satellites designed to deliver messaging, voice, data and emergency services directly to compatible smartphones. The proposed network would begin deployment in 2028, expanding Amazon's satellite strategy following its planned acquisition of Globalstar and increasing competition with SpaceX's Starlink and other satellite providers.
- The D2D constellation would provide global satellite connectivity to smartphones in areas without terrestrial cellular coverage.
- Amazon plans to integrate the service with its existing Project Leo broadband network and assets acquired through its planned $11.6 billion Globalstar transaction.
- The company already has partnerships with Vodafone, DirecTV and Apple, and said it will continue pursuing agreements with mobile network operators worldwide.
- Amazon currently has more than 390 Project Leo satellites in orbit and expects to begin fixed broadband service later this year.
- Recent federal lobbying disclosures show Amazon has actively engaged on satellite communications, broadband access, spectrum policy, telecommunications, space policy and related legislation as it expands its space-based communications business.
Relevant Companies
- Amazon ($AMZN) – The FCC filing expands the company's satellite strategy into direct-to-device mobile connectivity.
- AST SpaceMobile ($ASTS) – Competes in the direct-to-device satellite communications market through carrier partnerships.
- AT&T ($T) – Partners with AST SpaceMobile to provide satellite-based mobile coverage and competes in the evolving D2D ecosystem.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Cracker Barrel ($CBRL) appointed former Bloomin' Brands ($BLMN) CEO David Deno as its next chief executive, replacing Julie Masino effective Aug. 10. Masino, who led the company through a contentious brand modernization effort and subsequent turnaround, will remain in an advisory role through Oct. 9 to support the leadership transition.
- David Deno previously served as CEO of Bloomin' Brands and held leadership roles at Best Buy and Yum! Brands.
- Masino's tenure included a controversial 2025 rebranding that was later scaled back after customer backlash and pressure from activist investor Sardar Biglari.
- Cracker Barrel recently reported improving earnings and raised its 2026 outlook as traffic and profitability recovered.
- Deno will join Cracker Barrel's board of directors when he assumes the CEO role on Aug. 10.
Relevant Companies
- Cracker Barrel ($CBRL) – The leadership transition comes as the company continues executing its operational turnaround strategy.
- Bloomin' Brands ($BLMN) – Former CEO David Deno is departing to lead Cracker Barrel.
- Yum! Brands ($YUM) – Deno previously held senior leadership positions at the company, highlighting his restaurant industry experience.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Philip Morris International ($PM) said it has doubled its planned investment in its Aurora, Colorado manufacturing campus to approximately $1.2 billion through 2028, expanding production of ZYN nicotine pouches. The company's first U.S. greenfield manufacturing campus began commercial production this month and will serve domestic demand while supporting exports to Asia, Latin America and the Caribbean.
- The Aurora campus represents a planned $1.2 billion investment from 2024 through 2028, up from the original $600 million announced in 2024.
- The 780,000-square-foot facility is expected to employ about 500 people, support 1,000 indirect jobs and generate roughly $550 million in annual economic impact.
- PMI said the campus strengthens its U.S. manufacturing network alongside facilities in Kentucky and North Carolina.
- The expansion follows the FDA's authorization of 20 ZYN products as modified-risk tobacco products, allowing reduced-risk marketing compared with cigarettes.
Relevant Companies
- Philip Morris International ($PM) – The investment expands ZYN production capacity and supports the company's smoke-free growth strategy.
- British American Tobacco ($BTI) – Competes in the modern oral nicotine market and could face increased competition as PMI expands production.
- Altria ($MO) – A major U.S. nicotine products company competing in the growing smoke-free and oral nicotine category.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
GE Vernova ($GEV), Plug Power ($PLUG) and other clean energy grant recipients were drawn into a legal dispute after a Department of Energy court filing acknowledged that 284 clean energy grants terminated in October 2025 were selected based solely on whether projects were located in states won by Kamala Harris and represented by two Democratic-caucusing senators, rather than on program performance or cost considerations.
- A DOE stipulation filed in federal court states the October 2025 grant terminations were based solely on the political identity of the recipient's state.
- The filing says none of the terminated grants were selected based on programmatic, statutory, cost-reduction or performance-based factors.
- DOE had initially identified 624 grants for possible termination, but only 284 were ultimately canceled, while roughly 340 grants in Republican-leaning states remained in place.
- The stipulation also states DOE program offices had proposed terminating grants in both Democratic- and Republican-leaning states before the final selections were made.
Relevant Companies
- GE Vernova ($GEV) – Listed in the court exhibits as a recipient on multiple DOE-funded projects affected by the review process.
- Plug Power ($PLUG) – Appears in the DOE grant exhibits as a recipient of an award included in the review documentation.
- FuelCell Energy ($FCEL) – Identified in the DOE exhibits among recipients of grants included in the agency's review.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
The Republican-controlled House of Representatives voted 214-208 to approve a Democratic-led war powers resolution directing Trump Media & Technology Group ($DJT) founder President Donald Trump to halt U.S. military action against Iran unless authorized by Congress. The measure is largely symbolic and follows renewed fighting between the U.S. and Iran, with a similar resolution expected to receive a Senate vote.
- The resolution passed 214-208, with Republicans Tom Barrett, Brian Fitzpatrick, Warren Davidson and Thomas Massie joining Democrats in support.
- The measure directs the president to remove U.S. Armed Forces from hostilities against Iran unless Congress authorizes military action.
- The House resolution is nonbinding and would not be sent to President Trump for signature.
- The vote comes after renewed U.S. strikes on Iran, Iranian attacks on U.S. bases, and the deaths of four U.S. service members in the region.
Relevant Companies
- Lockheed Martin ($LMT) – Heightened Middle East military operations may affect demand for defense systems and munitions.
- RTX ($RTX) – The company supplies missile defense, precision weapons and other military systems used by the U.S. and allies.
- Northrop Grumman ($NOC) – The defense contractor provides aircraft, missile and defense technologies tied to U.S. military operations.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
THE QUIVER QUANT
EXECUTIVE SUMMARY
Lead story: 6 members of Congress bought
within weeks of its June IPO. Two sit on Armed Services. One sits on Energy and Commerce, which oversees the FCC. Rep. filed 30 trades in a single disclosure. Full breakdown below.Congress: 6 members bought
within weeks of its IPO, including 2 on Armed Services.Insiders:
CEO and director bought $1.4M combined.STRATEGY PERFORMANCE
THE EDITORIAL QUANT
This Week's Deep Dive
Alexandra Merz told Bloomberg she's skipping the SpaceX IPO because she expects Tesla to acquire SpaceX outright. We dug into the 13F filings and options chain data. Institutional investors are quietly loading up on Jan/Jun 2027 call options at concentrations that suggest someone knows something. Or thinks they do
Want more stories like this in your inbox every week?
SOCIAL MEDIA ROUNDUPWHAT QUIVER’S POSTING
Trump-aligned super PAC MAGA Inc. reported more than $400 million in cash on hand at the end of June after raising nearly $100 million this year, according to new Federal Election Commission filings. While the group continues to attract major donations from billionaires and cryptocurrency investors, it has made limited direct spending on competitive midterm races so far. Additional campaign contribution data for the committee is available here.
- MAGA Inc. ended June with more than $400 million after beginning the year with roughly $300 million.
- June donors included NASA Administrator Jared Isaacman ($1 million) and Tyler and Cameron Winklevoss, who each contributed approximately $5 million in Bitcoin.
- The PAC has not directly supported a federal race since March, with recent spending largely limited to operating expenses and prior support for a Kentucky congressional primary.
- Republicans hold narrow House and Senate majorities heading into the November midterm elections, though MAGA Inc. officials have not disclosed when the fund will begin major advertising expenditures.
Relevant Companies
- Las Vegas Sands ($LVS) – Company employees were among the largest publicly disclosed contributors to MAGA Inc. during the 2026 cycle.
- Intercontinental Exchange ($ICE) – Employees made multi-million-dollar contributions to MAGA Inc., according to campaign finance filings.
- Coinbase ($COIN) – The cryptocurrency industry's political activity remains in focus as major crypto investors and executives continue to support MAGA Inc.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Apple ($AAPL) is preparing to launch Apple Upgrade, a new device leasing program backed by Klarna ($KLAR), on July 28. The program will initially be available in the U.S. for eligible iPhone, Mac, iPad and Apple Watch models, allowing customers to upgrade, purchase, or return devices at the end of their lease term. Apple plans to phase out new enrollments in its current iPhone Upgrade Program and standard financing in favor of the new offering.
- Apple Upgrade will offer 24-month leases for iPhones and Apple Watches, and 36-month leases for Macs and iPads, subject to a soft credit check.
- Customers can pay off devices early, upgrade before their lease ends, or return eligible hardware, with some options carrying additional fees.
- The program follows recent price increases across several Apple product lines and comes ahead of an expected iPhone price increase this fall.
- Apple's federal lobbying disclosures include work on digital markets, fintech, privacy, AI, tariffs and App Store legislation, while Klarna's lobbying filings focus on Buy Now, Pay Later regulation, payments policy and open banking.
Relevant Companies
- Apple ($AAPL) – The new leasing program represents a major overhaul of Apple's consumer hardware financing strategy.
- Klarna ($KLAR) – Klarna will provide the financing behind Apple Upgrade, expanding its role in consumer device financing.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Novo Nordisk ($NVO) filed a lawsuit against Eli Lilly ($LLY), alleging Lilly's advertising for Zepbound and Mounjaro relies on outdated clinical comparisons that understate the performance of Novo's latest higher-dose Wegovy and Ozempic treatments. Novo is seeking to halt the advertising, require corrective marketing, and recover damages as the companies compete in the growing obesity drug market.
- Novo alleges Lilly's Zepbound ads compare against an older, lower-dose version of Wegovy used in the SURMOUNT-5 study rather than the FDA-approved higher-dose formulation launched in April.
- The lawsuit also challenges Lilly's Mounjaro advertising, claiming comparisons to Ozempic rely on outdated dosing data.
- Novo is seeking an injunction, corrective advertising, and recovery of lost profits under federal and state false advertising laws.
- The companies are competing for share in the global obesity treatment market, which Bloomberg Intelligence projects could reach $120 billion annually by 2030.
Relevant Companies
- Novo Nordisk ($NVO) – The company is pursuing legal action to challenge competing obesity and diabetes drug advertising and protect market share.
- Eli Lilly ($LLY) – Faces false advertising and unfair competition claims related to marketing for Zepbound and Mounjaro.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
The Supreme Court recently struck down federal laws that set caps on political party spending for candidates’ campaigns, reversing a 2001 decision and contesting that spending limits violated the First Amendment.
For Senate nominees, limits ranged from $130,600 to $4,071,800 depending on the state’s voting-age population, while limits for House nominees were $65,300 unless a state has only one representative, which bumped the limit to $130,600.
Money spent on campaigns can be very indicative of a candidate’s success, so what trends have we seen in campaign finance history, and will the Supreme Court’s decision revolutionize political spending?
First, how are political parties earning and spending funds?
Despite Republicans’ support of removing limits on party spending, the RNC and other national committees’ share of spending on coordinated expenditures has remained low, while it has made up one of the largest portions of DNC spending since 2020.
The total receipts for Republican Party committees in 2024 were well below those of the years immediately preceding and ensuing, but individual contributions still took up the majority (nearly 60%). So far for the 2026 election, individual contributions make up about half of the total receipts.
For Democrats, in the 2026 election cycle, independent expenditures account for just above 60% of total receipts. In 2024, it was around half of total contributions, and for the 2022 cycle, it exceeded 70%. Generally, individual, or direct, contributions to political party committees take up the majority.

So, with that money, where does most of it go?
Well, with the Democratic Party committees, FEC data shows historically transfers to state and local party committees were one of the highest disbursements, besides operating expenses, during midterm election cycles. In contrast, transfers to other national committees were higher during presidential election cycles. Notably, coordinated expenditures were also a larger portion of disbursements during the 2026 election.
Republicans, on the other hand, spent the majority on operating costs not disclosed in FEC campaign finance tracking data. Following, transfers to other committees and direct contributions to campaigns were large shares of disbursements.
In support of the ruling to strike down coordinated expenditure limits, the National Republican Senatorial Committee said it would put more effort into coordinated expenditures, so coordinated expenditures will almost certainly rise for Republican party committees.

With the cap removed, party spending on coordinated expenditures will almost certainly rise, meaning there could also be a rise in overall spending over the next couple of election cycles.
Congressional candidates see earnings rise
Since 2014, collective candidate campaign finance activity has seen a general upward trend, with combined earnings tripling over the past decade. Spending and cash on hand have grown more conservatively, but have still seen moderate growth.
Candidates’ earnings and cash on hand have dipped during presidential years, likely due to spending priorities geared towards presidential candidates rather than congressional candidates. Spending, however, has maintained stable growth despite concurrent presidential elections.

FEC data dating back to 2012 reveal over half of combined earnings have typically been attributed to individual contributions (direct donations), which is on par with what party committees’ earnings have historically been. PACs and party committees follow, but the FEC still caps direct donations from those committees, so they maintain a relatively smaller portion of earnings than individual donations.
Coordinated expenditures, which is what the NRSC vs. FEC addressed, are not included in candidate spending and earnings because that money is spent in coordination with parties for operating and advertisement costs, not donated directly to a campaign. Even with the recent ruling, direct donations from committees to candidates are still capped, meaning individual direct contributions will likely continue to dominate candidates’ earnings.
Super PACs cannot donate directly, but influence remains strong
We looked at political party committees, and we looked at candidates’ spending and earnings. But one of the most influential entities in the political finance landscape is Super PACs (Independent Expenditure-Only Political Committees). Unlike typical PACs, Super PACs cannot donate directly to a campaign, but can funnel massive amounts of money into independent operating and advertising costs to heavily support or oppose candidates.
For example, Super PACs can spend millions on television campaigns that explicitly support or oppose a candidate. But it would be done entirely independent of a candidate’s campaign. So, a candidate may benefit from Super PAC spending while remaining independent of any advertisements aired.
Super PACs often have very wealthy donors, and without caps on spending and earnings, their earnings have soared, as shown below. Since the 2020 election cycle, their earnings more than doubled. But spending has remained more modest, instead growing their cash on hand for future election cycles.

While collectively Super PACs have the most cash on hand compared to other PACs, Hybrid PACs are earning and spending over twice as much. Hybrid PACs maintain two distinct accounts. Their contributions accounts are subject to FEC regulations and caps because those funds are directly donated to candidates. But non-contribution accounts are a similar idea to Super PACs — they accept and spend money without limits, but it must be done independently. For the 2026 cycle, Hybrid PACs' non-contribution accounts have received $3.2 billion and spent about $2.7 billion, while their cash on hand sits at only $800 million compared to Super PACs’ $1.2 billion.
Stellantis ($STLA) appointed veteran automotive executives Matt VanDyke as CEO of the Ram brand and Branden Coté as CEO of the Jeep brand as CEO Antonio Filosa continues reshaping the company's North American leadership team. VanDyke assumes the Ram role immediately, while Coté will take over Jeep on August 3, replacing Bob Broderdorf, who is taking medical leave and is expected to return in a new leadership position.
- Matt VanDyke previously led Shift Digital and FordDirect and held senior marketing roles at Ford Motor.
- Branden Coté joins from AutoNation and previously held leadership positions at Aston Martin, Canoo and Mercedes-Benz USA.
- Both executives will report to Tim Kuniskis, who remains head of American brands, North America marketing and retail strategy.
- The appointments come as Stellantis works to revive its U.S. business, with Ram posting sales gains while Jeep continues efforts to improve performance.
Relevant Companies
- Stellantis ($STLA) – The leadership changes are part of the company's North American turnaround strategy.
- AutoNation ($AN) – Former executive Branden Coté is leaving the dealership group to lead the Jeep brand.
- Ford Motor ($F) – Former Ford executive Matt VanDyke has been appointed CEO of the Ram brand.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
GE Aerospace ($GE) announced the aviation industry's first hybrid-electric flight above 30,000 feet, completing the demonstration with NASA, BETA Technologies ($BETA), and Boeing ($BA). The modified Saab 340B test aircraft completed hybrid-electric flights lasting more than two hours, including a transatlantic journey to the Farnborough International Airshow. Recent federal lobbying filings from GE Aerospace include advocacy on NASA aeronautics funding, FAA implementation, military engine programs, hypersonics research, and FY2026 defense appropriations.
- The hybrid-electric propulsion system enabled flight above 30,000 feet, marking the first demonstration at commercial cruising altitude.
- The project was conducted through NASA's Electrified Powertrain Flight Demonstration (EPFD) program with Boeing and BETA Technologies.
- GE said hybrid-electric propulsion is a key technology supporting CFM International's RISE engine program, which targets more than 20% lower fuel burn than today's commercial engines.
- Public demonstration flights are scheduled during the Farnborough International Airshow.
Relevant Companies
- GE Aerospace ($GE) – Demonstrated a major hybrid-electric propulsion milestone supporting next-generation commercial aircraft engines.
- Boeing ($BA) – Participated in the program through Aurora Flight Sciences and future aircraft technology development.
- BETA Technologies ($BETA) – Served as system integrator and flight-test partner for the hybrid-electric propulsion system.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Alphabet ($GOOGL) is developing a new AI server chip, internally dubbed "Frozen v2," that would embed elements of its Gemini AI model directly into hardware to improve inference efficiency, according to The Information. The chip is reportedly targeted for deployment in 2028 and is intended to complement, rather than replace, Google's Tensor Processing Units (TPUs) as the company works to expand AI computing capacity.
- The chip could deliver six to ten times more AI tokens per unit of power than Google's latest TPU chips, according to the report.
- Frozen v2 would hardwire portions of Gemini's architecture into silicon to reduce computation and data movement during AI inference.
- The project is reportedly aimed at easing internal compute shortages that have limited Google Cloud's ability to serve some enterprise customers.
- Google is expected to deploy the chip around 2028 and currently views the project as a specialized addition to its custom AI chip portfolio.
Relevant Companies
- Alphabet ($GOOGL) – Developing the Frozen v2 chip to improve Gemini inference efficiency and expand AI infrastructure.
- SpaceX ($SPCX) – Recently reached a reported compute capacity agreement with Google as the company works to address AI infrastructure constraints.
- NVIDIA ($NVDA) – Custom AI chip development by hyperscalers continues to shape demand for third-party AI accelerators.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Federal Highway Administrator Sean McMaster disclosed purchasing $15,001 to $50,000 of Akamai Technologies ($AKAM) stock on May 13, 2026, while FHWA administered an active federal contract specifically covering Akamai content-delivery, caching, security, and reporting services.
- The fixed-price contract was awarded in April 2023 to Distributed Computing System Solutions Provider, rather than directly to Akamai.
- The contract supports DOT websites and web applications through a FedRAMP-authorized cloud platform providing security, caching, replication, and content delivery.
- Federal records show approximately $17.4 million obligated against a potential value of $24.6 million.
- FHWA obligated about $4.8 million when exercising an option in October 2024. The current performance period runs through October 2026, with another option extending it through October 2027.
- McMaster’s ethics agreement requires him to avoid agency matters that directly affect his financial holdings unless covered by an exemption or written waiver, with recusal or divestiture available to resolve conflicts.
- McMaster also disclosed purchases of Corning, Fluence Energy, and Qualcomm; Qualcomm recently reported lobbying DOT on connected vehicles, V2X deployment, and highway policy.
Relevant Companies
- Akamai Technologies ($AKAM) — Its services are specifically covered by the active FHWA-administered contract.
- Qualcomm ($QCOM) — Lobbies DOT on V2X and connected-vehicle policy.
- Corning ($GLW) — Supplies fiber used in broadband and transportation infrastructure.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Tempus AI ($TEM) has agreed to acquire Personalis ($PSNL) in an all-stock transaction valued at approximately $1.5 billion in enterprise value, expanding its capabilities in minimal residual disease (MRD) testing and precision oncology. The acquisition builds on the companies' partnership established in 2023 and adds Personalis' NeXT Personal cancer monitoring test to Tempus' AI-driven healthcare platform. Tempus has also maintained lobbying activity around healthcare AI, reporting $60,000 in federal lobbying expenditures in each of the last five quarters focused on healthcare AI policy.
- Personalis shareholders will receive $16.25 per share, representing roughly a 6% premium to the prior closing price.
- The acquisition is expected to close in late 2026 or early 2027, subject to shareholder and regulatory approvals.
- Personalis reported preliminary Q2 revenue of $22.4 million and delivered 10,384 clinical tests, up 33% sequentially.
- The companies said the combined platform will strengthen cancer recurrence monitoring, biomarker discovery and personalized treatment selection.
Relevant Companies
- Tempus AI ($TEM) – Expands its oncology diagnostics portfolio and AI-enabled precision medicine platform.
- Personalis ($PSNL) – Will be acquired by Tempus under the proposed transaction.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
SpaceX ($SPCX) is in discussions with the U.S. Department of Defense on a potential multibillion-dollar agreement to provide AI data center capacity, according to people familiar with the matter. The proposed arrangement would expand SpaceX's cloud computing business as the company seeks to compete with established AI infrastructure providers while deepening its existing defense relationship.
- Talks center on SpaceX providing computing capacity to the Pentagon for AI workloads under a deal potentially worth several billion dollars.
- SpaceX has recently signed similar AI infrastructure agreements with Anthropic and Google and is reportedly expanding its cloud computing operations.
- The company is discussing plans to compete with AI infrastructure providers by offering lower-cost computing capacity to enterprise customers.
- The Defense Department recently approved SpaceX alongside Amazon, Google, Microsoft and Oracle for certain classified AI applications and is seeking $30 billion for its Artificial Intelligence Arsenal initiative.
Relevant Companies
- SpaceX ($SPCX) – A Pentagon agreement would expand its AI infrastructure business and government revenue.
- CoreWeave ($CRWV) – Reportedly could face increased competition as SpaceX expands into AI cloud computing.
- Oracle ($ORCL) – Competes for Defense Department AI and cloud infrastructure contracts.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Rep. Dan Crenshaw disclosed a purchase of the triple-leveraged United States 3x Oil Fund (USOU) in a newly filed congressional transaction report covering trades executed on June 1. The filing marks one of Crenshaw's most notable recent STOCK Act disclosures while he serves on the House Energy and Commerce Committee and the House Permanent Select Committee on Intelligence.
- Crenshaw reported purchasing USOU in a transaction valued between $1,001 and $15,000.
- The same filing disclosed sales of Alphabet ($GOOG), Amazon ($AMZN), Apple ($AAPL), Meta Platforms ($META) and the Direxion Daily Financial Bull 3X Shares (FAS).
- Crenshaw also disclosed purchasing Meta put options on April 28 and selling the position on May 5, spanning Meta's April 29 earnings release, after which the stock declined sharply.
- The filing was signed on July 16 and reports transactions executed on June 1.
- Crenshaw currently serves on both the House Energy and Commerce Committee and the House Permanent Select Committee on Intelligence.
Relevant Companies
- Meta Platforms ($META) – The disclosed put options were opened immediately before the company's April earnings release and closed after the post-earnings decline.
- Alphabet ($GOOG) – Shares were among the large-cap technology holdings reported as sold in the filing.
- Apple ($AAPL) – Shares were also reported as sold as part of the disclosed portfolio changes.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Rep. Dan Crenshaw disclosed a purchase of the triple-leveraged United States 3x Oil Fund (USOU) in a newly filed congressional transaction report covering trades executed on June 1. The filing marks one of Crenshaw's most notable recent STOCK Act disclosures while he serves on the House Energy and Commerce Committee and the House Permanent Select Committee on Intelligence.
- Crenshaw reported purchasing USOU in a transaction valued between $1,001 and $15,000.
- The same filing disclosed sales of Alphabet ($GOOG), Amazon ($AMZN), Apple ($AAPL), Meta Platforms ($META) and the Direxion Daily Financial Bull 3X Shares (FAS).
- Crenshaw also disclosed purchasing Meta put options on April 28 and selling the position on May 5, spanning Meta's April 29 earnings release, after which the stock declined sharply.
- The filing was signed on July 16 and reports transactions executed on June 1.
- Crenshaw currently serves on both the House Energy and Commerce Committee and the House Permanent Select Committee on Intelligence.
Relevant Companies
- Meta Platforms ($META) – The disclosed put options were opened immediately before the company's April earnings release and closed after the post-earnings decline.
- Alphabet ($GOOG) – Shares were among the large-cap technology holdings reported as sold in the filing.
- Apple ($AAPL) – Shares were also reported as sold as part of the disclosed portfolio changes.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
THE QUIVER QUANT
EXECUTIVE SUMMARY
Lead story: Rep.
Insider trading:
STRATEGY PERFORMANCE
THE EDITORIAL QUANT
This Week's Deep Dive
Alexandra Merz told Bloomberg she's skipping the SpaceX IPO because she expects Tesla to acquire SpaceX outright. We dug into the 13F filings and options chain data. Institutional investors are quietly loading up on Jan/Jun 2027 call options at concentrations that suggest someone knows something. Or thinks they do
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GOVERNMENT CONTRACTS
Largest Awards This Week
Notable government contract awards filed in the past week:
Trump Media & Technology Group announced Truth API, a paid business-to-business feed giving institutional customers real-time access to posts from high-ranking Truth Social accounts beginning August 1, 2026.
Relevant Companies
The Federal Communications Commission is set to vote on August 6 to eliminate the longstanding 39% national television ownership cap, replacing it with a case-by-case review process. FCC Chairman Brendan Carr said the proposal would allow mergers exceeding the current limit if they serve the public interest, a move that could facilitate additional consolidation across the broadcast industry, including Nexstar Media Group ($NXST)'s acquisition of Tegna ($TGNA).
- The FCC will vote Aug. 6 on replacing the 39% ownership cap with a public-interest review process.
- The proposal would allow broadcast ownership above the current limit on a case-by-case basis.
- The rule change is significant for Nexstar's $3.54 billion acquisition of Tegna, which would reach roughly 80% of U.S. TV households.
- The National Association of Broadcasters backed the proposal, while Democratic FCC Commissioner Anna Gomez argued only Congress can change the ownership cap.
- Broadcaster shares, including Nexstar, E.W. Scripps, and Gray Media, rose following reports of the proposal.
Relevant Companies
- Nexstar Media Group ($NXST) – Eliminating the ownership cap could strengthen the legal and regulatory outlook for its Tegna acquisition.
- Tegna ($TGNA) – The proposed rule change could improve the prospects for its pending merger with Nexstar.
- Gray Media ($GTN) – Relaxed ownership rules could create additional acquisition opportunities across the broadcast sector.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
PayPal Holdings ($PYPL) shares surged after Reuters reported that Stripe ($STRP) and private equity firm Advent International submitted a joint offer to acquire the payments company for $60.50 per share, valuing PayPal at more than $53 billion. The proposal, backed by approximately $50 billion in committed bank financing, reportedly remains under consideration, with no response yet from PayPal.
- Offer values PayPal at more than $53 billion, representing roughly a 28% premium to Tuesday's closing price.
- Stripe and Advent would each own a 50% stake in PayPal if the transaction is completed.
- The proposal follows an initial approach made in April and is supported by about $50 billion in committed financing.
- PayPal shares rose more than 15% following the report.
- PayPal reported first-quarter revenue of $8.35 billion and total payment volume of approximately $464 billion, up 8% year over year on a currency-neutral basis.
Relevant Companies
- PayPal ($PYPL) – Shares surged following reports of the acquisition proposal.
- Mastercard ($MA) – Consolidation among major payment companies could influence competitive dynamics across the digital payments industry.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
House Republicans released a budget blueprint that would authorize up to $95 billion in party-line spending, including $60 billion for Armed Services and $13 billion for Intelligence. The proposal is part of a planned reconciliation package, a process the Congressional Research Service says can move through the Senate without a three-fifths cloture vote.
Relevant Companies
CVS Health ($CVS)'s Caremark pharmacy benefit manager reached a settlement with the Federal Trade Commission requiring changes to its rebate practices and future integration with the TrumpRx program. Under the agreement, Caremark will offer clients the option to opt out of rebate-based payment models and, once regulations are implemented, count eligible TrumpRx purchases toward health plan deductibles. Lobbying disclosures show CVS continued engaging policymakers in early 2026 on pharmacy benefit managers, prescription drug pricing, Medicare, and broader healthcare policy.
- Caremark agreed to provide clients an option to opt out of rebate-based payment models.
- Eligible TrumpRx purchases will count toward deductibles once supporting regulations are finalized.
- FTC Chairman Andrew Ferguson said the settlement is expected to generate billions of dollars in drug cost savings.
- TrumpRx.gov launched in February to provide discounted branded and generic prescription drugs.
- The settlement follows a similar FTC agreement reached earlier this year with Cigna.
Relevant Companies
- CVS Health ($CVS) - Caremark must modify its rebate practices and integrate eligible TrumpRx purchases into deductibles.
- Cigna ($CI) - Its Evernorth PBM reached a similar FTC settlement earlier this year.
- Eli Lilly ($LLY) - Its weight-loss drugs are among the medications promoted through TrumpRx.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Yum Brands ($YUM) shares fell after a report said federal and state health officials are investigating whether lettuce served at Taco Bell may be linked to a multistate cyclospora outbreak. Taco Bell has reportedly removed lettuce and certain other fresh ingredients from some restaurants as a precaution while the investigation continues.
- Yum Brands shares fell as much as 4.5% following reports of the investigation.
- Health officials are examining whether Taco Bell was associated with a multistate cyclospora outbreak.
- Taco Bell has reportedly stopped serving lettuce and some fresh ingredients at select locations as a precaution.
- The CDC reported 1,645 lab-confirmed cases, 141 hospitalizations, and no deaths as of July 13.
- The outbreak began on May 1, with Michigan, Ohio, and New York reporting the highest case counts.
Relevant Companies
- Yum Brands ($YUM) - Taco Bell is under investigation as officials examine a possible link between its lettuce and the outbreak.
- McDonald's ($MCD) - The company has previously faced cyclospora-related food safety investigations, highlighting broader industry sensitivity.
- Chipotle Mexican Grill ($CMG) - Restaurant stocks have historically reacted sharply to foodborne illness investigations following Chipotle's past outbreaks.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
President Donald Trump withdrew his proposed 20% fee on cargo moving through the Strait of Hormuz, replacing it with planned trade and investment agreements with Gulf states. Trump said the waterway remains open to all shipping except vessels traveling to or from Iranian ports or carrying Iranian cargo, which will face a U.S. blockade. Oil prices pared gains following the announcement.
- Trump reversed the cargo-fee proposal one day after announcing it.
- The administration plans to seek direct Gulf investment in the United States instead of charging transit fees.
- Trump said ships linked to Iranian ports or cargo will remain subject to a full blockade.
- The Strait of Hormuz will remain open to other commercial traffic under U.S. protection.
- Oil futures fell back after the announcement reduced concerns about an immediate 20% shipping surcharge.
Relevant Companies
- Exxon Mobil ($XOM) - Oil prices and global supply flows remain sensitive to shipping conditions in the Strait of Hormuz.
- Chevron ($CVX) - Gulf shipping disruptions and changing transit costs can affect crude market conditions.
- Teekay Tankers ($TNK) - Tanker operators remain exposed to route restrictions, security risks, and changes in Gulf shipping traffic.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Frontier Airlines ($ULCC) announced it will introduce in-flight Wi-Fi powered by SpaceX ($SPCX)'s Starlink, with installations across its fleet beginning in early 2027. Frontier becomes the first U.S. ultra-low-cost carrier to adopt Starlink as airlines continue investing in premium passenger amenities to attract higher-spending travelers.
- Frontier plans to begin installing Starlink Wi-Fi across its fleet in early 2027.
- The airline is the first U.S. ultra-low-cost carrier to partner with Starlink for in-flight connectivity.
- Frontier is one of five Indigo Partners portfolio airlines expected to install Starlink on more than 1,000 aircraft.
- The carrier recently introduced first-class seating and loyalty program enhancements as part of its broader product strategy.
- Financial terms of the agreement were not disclosed.
Relevant Companies
- Frontier Airlines ($ULCC) - The Starlink rollout expands the airline's onboard offerings as it targets higher-value customers.
- SpaceX ($SPCX) - Starlink continues expanding its commercial aviation customer base through new airline connectivity agreements.
- Amazon ($AMZN) - Its Kuiper satellite internet service competes with Starlink for airline connectivity contracts.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
U.S. consumer prices fell 0.4% in June, marking the first monthly decline in six years, according to Bureau of Labor Statistics data released Tuesday. The annual Consumer Price Index (CPI) increased 3.5%, while core CPI, which excludes food and energy, was unchanged from May and rose 2.6% year over year. The decline was driven by a nearly 10% drop in gasoline prices, while grocery prices continued to rise.
- Headline CPI declined 0.4% month over month and increased 3.5% from a year earlier.
- Core CPI was unchanged in June and rose 2.6% year over year.
- Gasoline prices posted their largest monthly decline since 2022, falling nearly 10%.
- Grocery prices increased for a third consecutive month, led by beef, eggs, and dairy.
- Computer software and accessories prices rose 2.3% in June and 17.4% from a year earlier.
- U.S. stock futures advanced and Treasury yields declined following the inflation report.
Relevant Companies
- SPDR S&P 500 ETF Trust ($SPY) - Broad equity markets reacted positively as investors reduced expectations for a near-term Fed rate hike.
- United States Oil Fund ($USO) - Lower gasoline prices were the primary driver of June's CPI decline.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
President Trump announced the U.S. will reinstate its blockade of Iranian shipping and said the United States will keep the Strait of Hormuz open while seeking reimbursement equal to 20% of cargo shipped through the waterway. U.S. Central Command said the blockade of Iranian ports and coastal areas will resume on July 14, while Iran rejected the move and said the U.S. has no authority over the strait. Oil prices climbed as traders reacted to renewed risks around one of the world's most important energy shipping routes.
- Trump said the U.S. would become the "Guardian of the Hormuz Strait" and begin implementing the reimbursement process immediately.
- U.S. Central Command said the renewed blockade will target Iranian ports while allowing transit to non-Iranian destinations.
- Iran rejected the announcement and said it would not allow U.S. involvement in managing the strait.
- Brent crude rose sharply following the announcement amid concerns over global oil supply disruptions.
Relevant Companies
- Exxon Mobil ($XOM) - Higher oil prices and potential supply disruptions could affect crude market dynamics.
- Chevron ($CVX) - Global energy markets and oil pricing remain sensitive to developments in the Strait of Hormuz.
- Teekay Tankers ($TNK) - Tanker operators could be impacted by changes to shipping routes, security measures, and transit costs in the Gulf.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Ferguson Enterprises ($FERG) agreed to acquire industrial flow-control distributor FloWorks from Wynnchurch Capital for approximately $1.6 billion in cash. The acquisition expands Ferguson's presence in industrial maintenance and flow-control products, adding exposure to end markets including datacenters, semiconductors, power generation, pharmaceuticals, and chemicals. The transaction is expected to close in the third quarter of 2026, subject to regulatory approvals.
- FloWorks generated approximately $1 billion in revenue during 2025 and operates more than 60 locations across the U.S. and Canada.
- Ferguson expects the acquisition to be immediately accretive to adjusted EPS and anticipates approximately $45 million of expected synergies.
- The deal broadens Ferguson's capabilities in valves, valve automation, specialty flow-control solutions, and repair services.
- Management expects revenue synergies across its Industrial, Commercial Mechanical, and Waterworks customer groups.
Relevant Companies
- Ferguson Enterprises ($FERG) – The acquisition expands its industrial distribution platform and exposure to higher-growth end markets.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
The Federal Aviation Administration (FAA) closed its investigation into the SpaceX Starship Flight 12 mishap, clearing Tesla ($TSLA) CEO Elon Musk's SpaceX to proceed with Starship Flight 13 once all remaining safety and licensing requirements are satisfied. The FAA accepted SpaceX's findings and corrective actions, concluding there were no reports of public injuries or property damage from the May test flight.
- The FAA accepted SpaceX's investigation into the Flight 12 Super Heavy booster failure.
- The final report identified heat effects on propulsion system components and erroneous engine alarm settings as the two most probable causes of the mishap.
- SpaceX implemented four corrective actions, including hardware and software configuration updates.
- The FAA said Starship Flight 13 may proceed after all remaining safety and licensing requirements are met, potentially allowing a launch as soon as this week.
Relevant Companies
- Tesla ($TSLA) – CEO Elon Musk also leads SpaceX, making major Starship milestones closely watched by investors.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Apple ($AAPL) filed a lawsuit against Microsoft ($MSFT)-backed OpenAI, alleging the AI company orchestrated a campaign to obtain confidential information about unreleased Apple hardware through former employees. Apple is seeking damages, a jury trial, and court orders requiring OpenAI to stop using and destroy any misappropriated trade secrets tied to its hardware development efforts.
- Apple named OpenAI and its chief hardware officer, former Apple executive Tang Tan, as defendants in the Northern District of California.
- The lawsuit alleges former Apple employees downloaded confidential files and were encouraged to share product information, components, and engineering details during OpenAI recruiting.
- Apple claims OpenAI hired more than 400 former Apple employees as it expanded its AI hardware efforts.
- The companies previously partnered to integrate ChatGPT into Apple Intelligence, though Apple's latest Siri AI uses Google's Gemini models.
Relevant Companies
- Apple ($AAPL) – The lawsuit seeks damages and injunctive relief over alleged theft of proprietary hardware technology.
- Microsoft ($MSFT) – Microsoft is OpenAI's largest strategic investor, making the litigation relevant to its AI ecosystem.
- Alphabet ($GOOGL) – Apple's latest Siri AI relies on Gemini, while OpenAI and Apple dispute their hardware and AI partnership.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
A bipartisan group of senators announced they have reached an agreement with the Trump administration to move forward with updated Russia sanctions legislation. The proposal would target countries that continue purchasing Russian oil and natural gas, as lawmakers seek to increase economic pressure on Moscow amid the ongoing war in Ukraine.
- Sens. Lindsey Graham, Richard Blumenthal, Jeanne Shaheen, and Roger Wicker said the updated legislation will be introduced soon.
- The bill is designed to impose sanctions on countries that continue buying Russian energy exports, which lawmakers say help finance Russia's war effort.
- The announcement follows recent discussions between President Trump and Ukrainian President Volodymyr Zelenskiy, with Trump saying both Ukraine and Russia want to end the conflict.
- The senators said they coordinated the updated legislation with the Trump administration before moving it forward.
Relevant Companies
- Exxon Mobil ($XOM) – Additional sanctions on Russian energy markets could affect global oil supply dynamics.
- Chevron ($CVX) – Changes to global crude and natural gas trade flows could influence energy market conditions.
- Cheniere Energy ($LNG) – Increased restrictions on Russian natural gas exports could support demand for U.S. LNG exports.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
The U.S. Department of Commerce announced sweeping changes to export rules for the United Arab Emirates (UAE), removing the country from EAR Country Groups D:3 and D:4 while adding it to Country Group A:5. The changes expand license-free access for approved UAE entities to U.S. defense-related technologies, advanced AI chips and servers, commercial satellites, and dual-use technologies under the Strategic Trade Authorization (STA) program, consistent with the U.S.-UAE AI cooperation framework.
- The UAE will gain broader eligibility for license-free exports, reexports, and transfers of Commerce-controlled military and dual-use technologies.
- Approved UAE entities, including G42 and Core42, along with approved U.S. AI companies operating in the UAE, can receive advanced AI computing items without export licenses.
- The rule cites the UAE's designation as a U.S. Major Defense Partner and its role in Operation Epic Fury.
- The Federal Register rule also lists approved U.S. companies including Amazon ($AMZN), Apple ($AAPL), Meta Platforms ($META), Microsoft ($MSFT), and Oracle ($ORCL) for license-free exports to qualifying UAE operations.
Relevant Companies
- NVIDIA ($NVDA) – Expanded license-free AI chip exports could support additional shipments to approved UAE entities.
- Broadcom ($AVGO) – Demand for networking and AI infrastructure hardware in the UAE could benefit semiconductor suppliers.
- Oracle ($ORCL) – Named as an approved U.S. AI company eligible for license-free exports supporting UAE data center deployments.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Best MCP Servers for Stock Data in 2026
Financial research is quickly moving from dashboards and static APIs toward agent-based workflows. Instead of manually pulling data, opening filings, checking news, reading transcripts, and stitching everything together, analysts can now ask AI systems to retrieve and reason over the right sources directly.
That is where MCP servers are becoming important.
MCP, short for Model Context Protocol, gives AI tools a standardized way to connect with outside data sources. For finance, this matters because the quality of an AI-generated answer depends heavily on the quality of the data it can access. A model that can only rely on its training data or a generic web search is limited. A model connected to trusted market data, filings, transcripts, news, and alternative datasets can become much more useful.
Below are some of the most interesting MCP servers for financial market research, especially for investors, analysts, fintech builders, and anyone trying to build AI-native financial workflows.
1. Quiver Quantitative
Best for political, alternative, and event-driven market data
We think that Quiver Quantitative’s MCP server is one of the best options for investors who care about signals outside traditional price, volume, and fundamentals data.
The Quiver MCP allows access to data on congressional stock trading, hedge fund moves, insider transactions, corporate lobbying, and more. That makes it especially useful for research workflows where the goal is to understand what is happening around a company rather than just what is happening inside its income statement. (QuiverQuant)
A useful Quiver MCP workflow might look something like this:
“Show me recent congressional trading activity in defense stocks, then cross-reference it with lobbying activity and recent government contract awards.”
That type of query is difficult to answer cleanly with a standard market data API. You need political disclosures, ticker mapping, timing, transaction metadata, and the ability to compare events across datasets. Quiver is well-suited for that kind of research.
For investors focused on unusual market signals, Quiver’s value is not just that it has data. It is that the data is already organized around questions that active investors tend to ask: Who is buying? What did politicians disclose? Which companies are receiving government attention? Are insiders selling? Is a company showing unusual traction in alternative datasets?
Best for
Investors looking at political trading, alternative data, event-driven research, insider activity, lobbying, government contracts, and non-traditional market signals.
2. Quartr
Best for earnings calls, transcripts, filings, slide decks, and first-party investor relations data
Quartr is a strong fit for anyone who spends a lot of time reading earnings calls, investor presentations, annual reports, and company filings.
The company positions its MCP as a first-party investor relations data layer for AI workflows. Quartr says its MCP connects AI environments to first-party data from more than 15,000 public companies, while its MCP documentation describes access to financial data, company profiles, earnings events, and documents. (Quartr)
This matters because a lot of financial research depends on source quality. If an AI assistant is summarizing a company’s earnings call, you do not want it guessing from old articles or relying on incomplete snippets. You want it grounded in the actual transcript, actual presentation deck, actual filing, or actual company event.
A Quartr MCP workflow could look like this:
“Pull the last three earnings call transcripts for Nvidia, compare management’s language around supply constraints, and summarize whether the tone has changed.”
Or:
“Find the most recent investor presentation for a company and extract the slides related to margin targets, capital allocation, and long-term guidance.”
That makes Quartr especially useful for fundamental analysts, equity research teams, investor relations professionals, and anyone who wants to build AI workflows around official company materials.
Best for
Earnings research, company transcripts, investor presentations, annual reports, filings, slide decks, event summaries, and management commentary analysis.
3. MT Newswires
Best for real-time financial news inside AI workflows
MT Newswires is built around real-time financial news, which makes it a different kind of MCP server than Quiver or Quartr.
Instead of focusing on alternative datasets or first-party company documents, MT Newswires focuses on timely market-moving information. Its AI Enablement page says MT Newswires is available through MCP with native integrations into OpenAI and Anthropic, bringing real-time, multi-asset financial news into AI workflows. The company also says its subscribers can access global financial news and market analysis directly inside Claude through MCP. (MT Newswires)
That is useful because many financial questions are time-sensitive. If a stock is moving right now, an AI assistant needs current context. Did the company preannounce earnings? Was there an analyst downgrade? Did a regulator comment? Was there a macro release? Did a competitor report something that moved the whole sector?
A typical workflow might look like this:
“Why is this stock moving today? Pull the latest relevant news and separate company-specific headlines from sector-wide or macro drivers.”
This is where high-quality financial news matters. A general web search might surface delayed, duplicated, or low-quality summaries. A dedicated financial news source is more useful for workflows where speed, coverage, and market relevance matter.
Best for
Real-time news, market-moving headlines, intraday stock research, macro updates, sector monitoring, and multi-asset news workflows.
4. Bigdata.com
Best for broad AI-powered financial intelligence
Bigdata.com, built by RavenPack, is one of the more ambitious MCP-connected financial intelligence platforms.
Its upgraded MCP page describes a system built around financial documents, structured data, entity relationships, corporate structures, temporal sequences, and traceability through the RavenPack Knowledge Graph. Bigdata.com also describes its platform as an AI research agent that can work across news, filings, transcripts, structured financials, performance data, and valuation data. (Bigdata)
The main appeal is breadth. Bigdata.com is not just a news feed, transcript database, or alternative-data API. It is closer to a full research environment designed for financial AI agents.
A Bigdata.com MCP workflow could look like this:
“Research the biggest risks facing European banks, using recent news, filings, transcripts, and structured financial data. Cite the source of each major claim.”
That type of workflow requires more than one data source. The assistant needs to search across documents, connect entities, understand which companies are related to which events, and keep the answer grounded.
Bigdata.com is especially interesting for teams that want AI research workflows with transparency. Its site emphasizes source control, citations, context panels, and the ability to trace where answers come from. (Bigdata)
Best for
Institutional research, portfolio monitoring, risk analysis, multi-source financial research, AI analyst workflows, and source-grounded financial intelligence.
5. Intrinio
Best for standardized market data and financial fundamentals
Intrinio is a better fit for developers and teams that want structured financial data they can build into products.
The company markets itself around AI-ready financial data, real-time and historical market data, company fundamentals, and hundreds of financial data feeds. Intrinio’s developer documentation also provides API access for building financial applications. (Intrinio)
Where tools like Quiver and Quartr are more specialized, Intrinio is useful for core financial data infrastructure. If you are building an AI assistant that needs to retrieve standardized company financials, historical prices, market data, or fundamentals, Intrinio fits naturally.
A workflow might look like this:
“Pull the last five years of revenue, gross margin, operating margin, free cash flow, and valuation multiples for these companies, then compare the trend.”
That type of request requires clean structured data. It is less about narrative research and more about giving the model a reliable numerical foundation.
Intrinio is especially useful when the AI output needs to feed into models, dashboards, screeners, or financial applications. In that sense, it is not just an analyst tool. It is developer infrastructure.
Best for
Financial data applications, fundamentals analysis, historical market data, equity screeners, valuation models, and developer-built investment tools.
Final thoughts
The best MCP server depends on the type of financial research you are trying to automate.
If you care about political trading, insider activity, lobbying, government contracts, and alternative market signals, Quiver Quantitative is one of the most compelling options.
If you want clean access to company source materials like transcripts, filings, earnings events, and investor presentations, Quartr is a natural fit.
If your workflow depends on timely market-moving news, MT Newswires is built for that use case.
If you want a broader AI-powered research environment that connects news, filings, transcripts, entities, and structured data, Bigdata.com is one of the more complete options.
If you are building applications that require standardized market data and fundamentals, Intrinio is a strong infrastructure choice.
The bigger point is that financial AI is becoming less about asking a model to “know” everything and more about connecting the model to the right data sources. MCP servers are the bridge between general-purpose AI assistants and specialized financial research systems.
For investors and developers, that means the next generation of financial tools may not look like traditional dashboards. They may look more like AI agents that can search, retrieve, compare, cite, and reason across trusted financial data in real time.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
In Summary:
Corporate interest has solidified its presence in Washington, with lawmakers betting on what companies will bring them high stock returns and companies pouring billions into elections and lobbying for causes that directly benefit their profits.
And over the past year, we have seen some of these “DC insider” companies do exceptionally well under the current administration, with stock prices soaring and revenue from government contracts increasing.
But with companies trying to drive policy outcomes through record-breaking lobbying, do we actually see corporate lobbying efforts drive up congressional stock trading for a respective company? Or are there more reasons at play than just corporate priorities?
Using Quiver Quantitative’s data, we broke down what industries spent the most lobbying in 2025, who the top spenders were for their respective industry and what congressional trading looked like for those companies.
Corporate lobbying by industry — who comes out on top?

Top lobbyists by industry since Jan 2025
Tech companies drive up lobbying
Since the beginning of 2025, tech companies have spent an estimated $54.5 million lobbying. Tech giants like Meta, Amazon and Google accounted for the majority of lobbying in 2025, with Meta among the highest corporate lobbying spenders, at around $26 million.
The tech giants’ lobbying portfolios all share one thing in common: AI infrastructure. With AI one of the most talked-about issues today, major companies are pushing for AI governance and seeking to speed up data center permitting. With AI and cloud computing being one of the most profitable sectors of the tech industry currently, tech giants have identified it as one of their top lobbying priorities.
Meta, the top tech spender, has also allocated millions to the App Store Accountability Act, which would shift legal and financial obligations like age verification for its social media apps to app stores controlled by Apple and Google. Under COPPA protection laws, companies are required to receive parental consent to collect data on individuals aged under 13, facing major repercussions if violated.
Other major lobbying issues for tech companies include foreign and digital goods tax policies, protection of major defense contracts (like Amazon’s multi-billion dollar AWS cloud computing contracts) and tech-related antitrust efforts pushed by the DOJ.
Big pharma drops almost $50 million on lobbying efforts
Much of the pharmaceutical companies’ lobbying efforts were influenced by the Inflation Reduction Act that set stricter requirements for drug pricing. IRA provisions also gave the government more say when determining fair prices of prescription drugs, causing corporations to challenge said provisions as unconstitutional and ultimately hurting research and development.
While the IRA was passed in 2022, which was a top lobbying year for major pharmaceutical companies like Pfizer, 2025 saw some of the highest lobbying per company since its original passage. The surge in lobbying was largely attributed to patent and intellectual property laws, new drug-pricing programs like TrumpRx and “Most-Favored-Nation” policy in the Big Beautiful Bill.
On the other end of the prescription drug and healthcare spectrum are the health insurers, sitting as one of the top spenders on issues like Medicare and Medicaid and drug pricing. Top insurers like UnitedHealth and Cigna saw lobbying in Washington surge for 2025; UNH specifically set new records.
UNH and CI priorities for the past year include the Medicare Advantage program, PBM reforms and drug pricing, IRA and Affordable Care Act policies.
Defense makes top three
It’s well known that major defense contractors like Lockheed Martin, General Dynamics and Northrop Grumman have a solid influence in Washington, but what does that look like in terms of lobbying?
All three of the leaders in the defense industry for lobbying saw an increase in total lobbying for 2025 — the dominant issue defense companies focused lobby efforts on was the DoD Appropriations Act and the National Defense Authorization Act, pushing specifically for funding of programs like aircraft and shipbuilding, ammunition and weapons, radar systems and cloud computing.
Leaders in the defense industry also lobbied for tax cut policies in Trump’s “Big Beautiful Bill”, sparking criticism from lawmakers for raking in billions of dollars.
Largest lobbying spenders in other industries:
- Automotive: General Motors
- Energy: Occidental Petroleum, Phillips 66
- Finance: Visa
- Transportation/logistics: FedEx
Does congressional trading line up with lobbying efforts?
Some of the largest lobbying spenders are getting bought up by Congress members

Meta, maybe unsurprisingly, is one of the top companies traded by lawmakers since the beginning of 2025. Rep. Michael McCaul (R-TX) led the pack in terms of number of trades – trading shares in Meta almost every month.
But Meta wasn’t the highest traded company for the major lobbyists last year. That title instead went to Visa, whose lobbying priorities included digital payment security and privacy and issues regarding tariffs. McCaul was once again a repeat trader in Visa stock over the past year alongside Rep. Josh Gottheimer (D-NJ) and Rep. David Taylor (R-OH).
Despite high lobbying in 2025, Lockheed Martin maintained a fairly small volume of congressional trades in comparison to other top lobbyists, topping off at 19 trades.
Remember McCaul? Well, he appears in trading activity across several industries, including finance, tech and automotive. McCaul sits on the House Foreign Affairs Committee, which has some influence over trade-related policy affecting all of the aforementioned industries.
Gotteinheimer, who serves on the House Financial Services Committee, has direct influence over issues like banking and payments. Notably, Gotteinheimer was also the most frequent trader in Visa stock, whose lobbying priority — the Credit Card Competition Act — is also handled by the committee he sits on.
Sitting on the House Armed Services Committee, Cisneros was an active trader in Lockheed Martin stock (in addition to other federal defense contractors) and the automotive industry. Automotive leaders, like General Motors, lobbied for defense issues like infantry vehicles.
When looking at all companies across industry lines, the correlation between corporate lobbying and congressional trading was nearly zero. While certain companies like Meta and Visa could drive a narrative that lobbying drives trading, those are the unique cases.
Instead, it is more worth noting what industries are driving lobbying — and what their priorities are.
Broadcom ($AVGO) announced an expanded agreement with Apple ($AAPL) to develop custom ASIC chips through 2031. The chips will power multiple generations of Apple products, extending a long-standing partnership as Apple expands its AI infrastructure while continuing to rely on Broadcom for key networking and wireless technologies.
- Broadcom signed a new multi-year agreement with Apple running through 2031.
- The companies will develop custom ASIC chips for multiple future Apple products.
- Apple continues to source networking and cellular-related components from Broadcom despite increasing use of its own in-house chips.
- Custom silicon is expected to support Apple's next-generation AI server infrastructure and Apple Intelligence services.
- Apple accounts for roughly 20% of Broadcom's annual revenue, according to analyst estimates.
Relevant Companies
- Broadcom ($AVGO) – Secured a long-term custom chip supply agreement with one of its largest customers through 2031.
- Apple ($AAPL) – Will use Broadcom-designed ASICs across future products as it expands its AI infrastructure.
- Taiwan Semiconductor Manufacturing ($TSM) – As a leading foundry for advanced custom chips, TSMC could benefit from increased production tied to future Apple and Broadcom silicon.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Strategy ($MSTR) disclosed that it sold 3,588 Bitcoin for approximately $216 million between June 29 and July 5 to fund dividend payments on its preferred securities. The company ended the period holding 843,775 BTC and $2.55 billion in U.S. dollar reserves. Strategy reported no share sales under its at-the-market program and no share repurchases during the period.
- Strategy sold 3,588 BTC for approximately $216 million between June 29 and July 5.
- Bitcoin holdings totaled 843,775 BTC as of July 5, alongside $2.55 billion in U.S. dollar reserves.
- The company said proceeds were used to fund dividends on its Digital Credit preferred securities, including STRF, STRE, STRK, STRD, and STRC.
- Strategy reported no at-the-market share sales and no share repurchases during the reporting period.
- Second-quarter results included an $8.32 billion unrealized loss on digital assets, with a June 30 carrying value of $49.67 billion.
Relevant Companies
- Strategy ($MSTR) – Reported Bitcoin sales, updated treasury holdings, and second-quarter digital asset figures.
- Coinbase ($COIN) – Higher institutional Bitcoin treasury activity may influence custody and trading volumes.
- iShares Bitcoin Trust ($IBIT) – One of the largest U.S. spot Bitcoin ETFs, with investor demand closely tied to institutional Bitcoin market activity.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
The U.S. Treasury and Internal Revenue Service announced they will begin accepting philanthropic donations of publicly traded stock for Trump Accounts, expanding funding options ahead of the program's July 4 launch. Eligible donors can transfer approved stocks to Treasury, which will allocate the shares to beneficiaries according to donor instructions. Treasury also confirmed that contributions can be invested in index funds from BlackRock ($BLK), State Street ($STT), and Vanguard Total Stock Market ETF ($VTI).
- Treasury will accept donations of readily tradable public company stock for eligible Trump Accounts beginning July 4.
- Parents or guardians must open accounts using IRS Form 4547; accounts are not created automatically.
- The federal government contributes $1,000 for children born between 2025 and 2028, while additional private contributions are permitted.
- Eligible investments include State Street's SPYM and SPTM ETFs, BlackRock's IVV and ITOT ETFs, and Vanguard's VTI ETF.
- Micron Technology pledged up to $250 million toward Trump Accounts through employee matching and community contributions, while additional corporate commitments have also been announced.
Relevant Companies
- State Street ($STT) – Treasury selected multiple State Street ETFs, including the default investment option for Trump Accounts.
- BlackRock ($BLK) – Treasury approved BlackRock iShares ETFs as eligible investment options within the program.
- Micron Technology ($MU) – The company pledged up to $250 million toward Trump Accounts through employee matching and community investments.
Editor’s Note: This is a developing story. This article may be updated as more details become available.

































