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MIMI News
MIMI Events
Major Averages Surge at Noon, Nasdaq Up 1.34%
The major averages were sharply higher near noon as Treasury yields pulled back after Federal Reserve Governor Christopher Waller said he would be "inclined to support" maintaining interest rates where they are, barring any major development from upcoming inflation data.Meanwhile, geopolitical tensions in the Middle East remain, as the war between the U.S. and Iran featured new attacks around the Persian Gulf, pushing crude prices higher. Oil prices were up about 1% near noon.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:NvidiaHugging Face for $12.9BBroadcomreportedand provided its outlook for Q4 and FY27HP Enterpriseprovided areport for Q3Snowflakealso provided areport for Q2Campbell'sreportedand reduced its quarterly dividend2. WALL STREET CALLS:Modernato Sell from Neutral at Rothschild & Co RedburnBroadcomto Outperform at MacquarieUltragenyxby at least seven firms after Angelman syndrome study missEnvistato Overweight at JPMorganPG&Eto Hold at Truist3. AROUND THE WEB:Amazonis projecting that it could deliver nine out of every 10 U.S. packages through its own delivery network by 2029, Business Insider reportsSamsung Life is seeking to acquire a 15% stake in Principal Financial, Korea Economic Daily saysActivist Elliott Investment Management has built a "sizeable" stake in Deutsche Telekomand is said to oppose a potential merger of the German telecommunications giant with its American unit, T-Mobile, Bloomberg saysGlobal companies including Volkswagen, Tesla, Nokiaand Amazonhave named businesses blacklisted by western authorities as potentially present in their supply chains, FT reportsThe Trump administration implemented tariffs of up to 100% on drones as it seeks to hinder the Chinese drone industry and bolster domestic manufacturing, NY Times says4. MOVERS:Currence Capitalgains in New York afterwith Mint Incorporationto support the issuer-sponsored tokenizationGalaxy Digitalincreases after Morgan Stanleyon the stock to $48Cienalower after, providing guidance for Q4, and raising its outlook for FY26Trip.comfalls in New York after HSBCthe stock to HoldFluence Energydeclines after Barclaysthe stock to Underweight5. EARNINGS/GUIDANCE:Tyson Foodsfor FY26Toro Companiesand raised its outlook for FY26Land's End (LE)and provided guidance for Q3 and FY26Wileyand reaffirmed its outlook for FY27Victoria's Secretand raised its outlook for FY26, with CEO Hillary Super calling it "another strong quarter"INDEXES:Near midday, the Dow was up 608.57, or 1.15%, to 53,670.52, the Nasdaq was up 351.36, or 1.34%, to 26,569.18, and the S&P 500 was up 75.35,or 0.98%, to 7,741.95.
Currenc Capital Partners with Mint for Stock Tokenization
Currenc Capital (CURR), a wholly owned subsidiary of Currenc Group, announced an agreement with Mint Incorporation (MIMI), a company focused on artificial intelligence and robotics, to support the issuer-sponsored tokenization of a portion of Mint's Nasdaq-listed Class A ordinary shares on the Ethereum and Solana blockchains. Currenc Capital will provide end-to-end advisory and facilitation support for the tokenization. Issuer-sponsored tokenization brings a company's registered shares on-chain while preserving the rights of the underlying security, modernizing how ownership is recorded and administered, and establishing infrastructure that can support 24/7 global investor access, faster settlement and new forms of shareholder engagement over time. Currenc Capital draws on the first-hand experience of Currenc, which became one of the first Nasdaq-listed companies to tokenize its ordinary shares in April 2026. For Mint, a company applying AI and robotics to the physical world, bringing its shares onchain extends that same digital-first philosophy to its own equity.
Mint Signs MOU with Ascendze to Acquire Controlling Stake
Mint announced that it has entered into a non-binding memorandum of understanding, or MOU, with Ascendze, a Singapore-based company that focuses on the semiconductor industry and its associated manufacturing processes. The MOU outlines Mint's intention to acquire a controlling or majority equity stake in Ascendze, establishing it as Mint's primary platform for strategic expansion and investment in Singapore's technology sector. The proposed partnership will focus on advancing chip production technologies, robotics-driven automation, and explore related innovation initiatives. The parties aim to execute definitive agreements within 90 days from the date of the MOU, subject to satisfactory due diligence, board approvals, regulatory clearances where applicable, and other customary conditions. Through the proposed partnership, the parties intend to collaborate on the research, development, and commercialization of advanced chip production technologies and robotics-driven automation solutions. In addition, Mint plans to provide further capital investment to support Ascendze's expansion and growth initiatives in Singapore, subject to the execution of separate definitive agreements.
Mint Partners with YAS Digital Group to Establish YAS Robotics
Mint announced that it has entered into a joint venture agreement with YAS Digital Group to establish YAS Robotics, a Hong Kong-based joint venture. The joint venture will focus on the development, marketing, and distribution of robotics and artificial intelligence-related insurance products. Under the terms of the agreement, YAS Digital Group will hold a 75% ownership stake and Mint will hold a 25% stake in the new company. The partnership aims to leverage real-world operational data from robots to design insurance products that reduce adoption risks for businesses in Hong Kong and Southeast Asia.
Mint Partners with Rice Robotics to Establish New Company
Mint announced that its wholly-owned subsidiary, Aspiration X, has entered into a joint venture agreement with Rice Robotics to establish Rice Robotics AGI, a new British Virgin Islands joint venture company. Rice Robotics AGI will focus on the development and sales of the next generation of AI companion robots, or as may be expanded or changed by Rice Robotics AGI from time to time in accordance with the JV Agreement. Pursuant to the JV agreement, Aspiration X and/or its nominee(s) will contribute HK$15M in funding, as well as provide human resources and research and development support to Rice Robotics AGI. On the other hand, Rice Robotics will, among other things, provide Rice Robotics AGI with its existing technology, intellectual property, clients, know-how and marketing and sales support. The JV agreement also contains customary provisions relating to governance of Rice Robotics AGI, including shareholder consent rights for certain significant matters, transfer restrictions, and pre-emptive rights in connection with future issuances of shares of Rice Robotics AGI. The establishment of this joint venture marks a significant strategic step by Mint to further expand its footprint in the AI companion robot market, expected to extend the Group's robotics capabilities from business-to-business applications into the consumer space. The collaboration brings together Mint's strategic resources with Rice Robotics' proven autonomous navigation and AI technology, building on the successful co-development and delivery of the FLOKI Minibot M1 for commercial applications. Rice Robotics AGI is now expected to channel that technical foundation directly into the consumer arena, focusing on developing and commercializing consumer-oriented AI companion robots that integrate emotional AI and autonomous navigation to create joyful everyday experiences.
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