Public Markets 3 Hours

Last updated: May 22, 2026, 2:30 PM ET

Mergers & Acquisitions

Bodycote shares surged after the heat treatment company confirmed it received a £1.52 billion ($2.04 takeover proposal from Apollo Global Management, with both parties now engaged in acquisition discussions. Meanwhile, Uber Technologies explored options for a full takeover of Germany's Delivery Hero SE, a move that would strengthen its competitive position against Door Dash in international markets.

ETFs & Regulatory

The Securities and Exchange Commission halted trading in prediction market ETFs from Roundhill, Granite Shares and Bitwise amid concerns about the nascent market structure, while House Republicans launched an investigation into insider trading practices on prediction platforms like Kalshi and Polymarket, signaling growing regulatory scrutiny around event-based wagering instruments.

Commodities & Infrastructure

The U.S. energy storage industry installed record capacity in the first quarter as utilities sought greater grid stability amid rising electricity demand, while Trafigura withdrew hundreds of millions of dollars worth of copper from London Metal Exchange warehouses to capitalize on lucrative trading opportunities in the U.S. and Chinese markets.

Stock Picks & Insider Activity

Financial Times analysts recommended buying National Grid while holding SSP Group and selling Jadestone Energy, as the publication's weekly stock picks focused on UK utilities and energy companies. Elsewhere, options trading on Futu Holdings Ltd. and Up Fintech Holding Ltd. surged dramatically just before Chinese regulators announced penalties that triggered record share declines, suggesting possible insider trading ahead of the crackdown.

Big Tech & Antitrust

Google filed an appeal to reverse a federal judge's ruling that declared the search engine a monopolist, challenging both the antitrust violation determination and the requirement to share data with competitors, as the tech giant faces mounting pressure from regulators worldwide.

Space & Tech Investments

SpaceX's anticipated IPO captured investor attention as ordinary investors gained direct exposure to AI's potential through the aerospace company's planned public listing, though with significant caveats around valuation and market timing. The enthusiasm for SpaceX mirrors early investment decisions by Gavin Baker, who famously bet on Elon Musk's venture before the company successfully landed a rocket, generating substantial returns for Fidelity's investors.