Bitcoin (BTC-USD) fell more than 3% on Thursday following a hotter-than-expected U.S. Producer Price Index (PPI) report and comments from Treasury Secretary Scott Bessent regarding a potential U.S. strategic reserve.

U.S. stocks struggled on Thursday as a hotter-than-expected Producer Price Index (PPI) report for July dampened expectations of a bigger Federal Reserve rate cut in September.

Disney agreed to swap a 10 percent stake in ESPN for full control of NFL Network and RedZone—a deal worth $2.5–3 billion that reduces Disney’s ownership from 80 percent to 72 percent and Hearst’s from 20 percent to 18 percent.

Avantor has landed in the sights of Engine Capital, which has built a 3% stake and is now pressing the $7.8 billion life sciences supplier to either sell itself or execute a strategic overhaul.

Intel’s freshly spun-off networking and edge business, NEX, is making waves after reports surfaced that Ericsson is in late-stage talks to inject millions into the standalone unit for a minority stake.

Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, has surged to a near record high, fueled by optimism from Wall Street and regulatory clarity in the digital asset space.

Amphenol has reignited Wall Street chatter by edging toward a $10.5 billion deal for CommScope’s CCS broadband connectivity & cable unit, marking what could be the company’s largest acquisition ever.