July 8, 2026
Image source: Unsplash
US President Donald Trump said his tentative ceasefire with Iran is over, raising the prospect of renewed military conflict between the two countries.
"For me, I think it's over," Trump said on Wednesday in Ankara alongside NATO Secretary General Mark Rutte at the military alliance's annual summit. "As far as I'm concerned, it's just a waste of time."
Trump's remarks came shortly after the US launched a new wave of strikes against Iran and revoked a waiver that allowed the sale of Iranian oil.
The actions, taken in response to recent attacks on ships transiting the Strait of Hormuz, brought fresh volatility to energy markets and tested an already fragile peace agreement between Washington and Tehran.
"I don't want to deal with them, but they're scum," Trump said. "They're sick people, they're led by sick people, and they're vicious, violent people, and if they had a nuclear weapon, they'd use it."
Still, Trump said he wouldn't stop negotiators from continuing to engage, even as he expressed pessimism about the diplomatic effort.
"There's something wrong with them, they're cuckoo," he said. "They can talk, but I think they're wasting their time." Yahoo Finance reports.
🍎 Apple announces chip deal with Broadcom worth more than $30 billion
Apple on Wednesday announced it has entered into a chip deal worth more than $30 billion with Broadcom.
Under the terms of the agreement, Broadcom will design and produce custom silicon components and cutting-edge wireless connectivity technologies for future Apple products.
The announcement follows Broadcom's June 6 filing with the U.S. Securities and Exchange Commission, which disclosed a multiyear agreement to develop custom chips for Apple through 2031. Yahoo Finance reports.
🧬 Vera Therapeutics stock up; Trutakna approval shifts attention to Q3 kidney data
Vera Therapeutics finished up 7.05% at $42.96 on Tuesday after U.S. regulators approved Trutakna.
The bigger investor focus was on the size of the gain. With 71.78 million shares outstanding, according to Google Finance, and a $2.83 move on the day, the rally added roughly $203 million in market value.
That amounts to around one-third of Vera's last reported cash balance and is not a major reset for a biotech company valued at about $3.08 billion, which has now shifted from FDA approval risk to commercial launch risk.
Vera shares jumped 6% on Monday ahead of its July 7 PDUFA date, according to Investing.com.
The stock closed Tuesday still down about 23% from its 52-week high of $56.04 but up about 125% from its 52-week low of $19.07. TechStock² reports.
💾 Why Is Micron Technology Stock Falling Wednesday?
Micron Technology Inc. stock fell more than 5% in Wednesday’s pre-market session as investors continued to reduce exposure to high-beta technology stocks amid a broader risk-off market.
The stock closed down 4.71% in Tuesday’s regular session and extended those losses before the opening bell.
Nasdaq futures were down 1.48%, while S&P 500 futures fell 1.05%, adding pressure across semiconductor stocks. Benzinga reports.
⚡ Why Is FuelCell Energy Stock Sinking Wednesday?
FuelCell Energy, Inc. shares fell more than 18% in Wednesday’s pre-market session after the company priced an upsized public offering of common stock at a steep discount to its previous closing price.
The offering fueled concerns about shareholder dilution and prompted selling following the stock’s strong 12-month rally.
The decline also came amid a broader risk-off market tone, with Nasdaq futures down 1.41% and S&P 500 futures lower by 1.02%. Benzinga reports.
🚢 Why iOThree Shares Are Trading Higher By Around 70%
Shares of iOThree Ltd. rose sharply in pre-market trading after the Singapore-based maritime technology firm's chairman and chief executive officer issued a letter to shareholders highlighting strong fiscal 2026 results.
The company reported total revenue of $14.7 million for fiscal 2026, compared with $10.5 million in fiscal 2025.
iOThree shares jumped 69.6% to $4.29 in pre-market trading. Benzinga reports.
(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.
1) WFF: WF Holding Limited
Total gain: +37.44%
2) IOTR: iOThree Limited
Total gain: +35.71%
3) BATL: Battalion Oil Corporation
Total gain: +23.32%
4) CMMB: Chemomab Therapeutics Ltd.
Total gain: +15.16%
5) UE: Urban Edge Properties
Total gain: +14.92%
The closing price of the top three market percent gainers trading near or above $3 on July 7.
(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET) Stock Analysis reports.
1) MFP: Midera Food Processing, Inc.
Total gain: +455.39%
The stock appeared to be moving on no notable news.
2) CRNX: Crinetics Pharmaceuticals, Inc.
Total gain: +98.74%
The company announced that the companies have entered into a definitive agreement under which Vertex will acquire Crinetics for $85.00 per share in cash, for a total equity value of approximately $10.0 billion, or approximately $8.8 billion net of estimated cash acquired. The transaction was unanimously approved by both the Vertex and Crinetics Boards of Directors and is anticipated to close in the third quarter of 2026. Businesswire reports.
3) CLRO: ClearOne, Inc.
Total gain: +97.71%
The stock appeared to be moving on no notable news.
(Estimate and Actual numbers represent Earnings Per Share in US Dollars)
LEVI: Levi Strauss
Q2 2026
After Market Close
Estimate: 0.240
Actual: N/A
PCYO: Pure Cycle
Q3 2026
After Market Close
Estimate: N/A
Actual: N/A
HELE: Helen Of Troy
Q1 2027
Before Market Open
Estimate: -0.020
Actual: N/A
Time (ET) / Report / Period
10:00 AM - Monthly Wholesale Trade - May
2:00 PM - Federal Open Market Committee meeting minutes - N/A
3:00 PM - Consumer Credit - May
“The quality of your decisions determines the quality of your life.”
– Shane Parrish
Sourced in: Clear Thinking (2023).
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