📈 Record Markets, Copper and M&A Take Focus

Record Markets, Copper and M&A Take Focus

Markets entered August with momentum as U.S. equities pushed further into record territory, supported by renewed strength in technology and AI-related stocks. Copper also climbed to a record high as investors weighed growing demand from data centres, power infrastructure and electrification against long-term supply constraints. Meanwhile, another major media deal moved closer to completion, while healthcare and data centre companies delivered notable developments of their own.

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8 Minute Read:

Here's how some major markets/indexes performed in the last 5-days:

• Dow Jones: 53,930.90 (2.22%)
• Nasdaq 100: 29,598.02 (4.67%)
• TSX: 36,279.69 (2.34%)
• BTC: 64,782.00 (2.02%)
• GOLD: 4,308.00
• SILVER: 63.41

(USD)

As of 08/07/2026 at 11:47 AM PST

Dow Breaks Above 54,000 as Tech Rally Returns

Catch Up

U.S. equities reached fresh records as technology stocks regained momentum and strong corporate earnings supported investor sentiment. The Dow closed above 54,000 for the first time, while the S&P 500 also reached a new high.

What Happened

• The Dow gained more than 900 points to finish at 54,085.94.
• The S&P 500 rose 1.79%, while the Nasdaq Composite gained 2.59%.
• Technology led the market higher, supported by strong AI-related earnings and renewed interest in growth stocks.

Why It Matters

Record markets signal continued investor confidence, but earnings remain an important test for valuations. With technology and AI still driving a significant portion of market momentum, investors are watching whether corporate growth can continue supporting higher equity prices.

Copper Hits a Record High

Catch Up

Copper surged to an all-time high as the metal continues to benefit from growing demand across AI infrastructure, power grids and electrification. At the same time, constrained mine supply is adding another layer of support to the long-term outlook.

What Happened

• Copper prices climbed to a new record as demand remained strong across several major growth industries.
• AI data centres and expanding electricity grids are creating additional sources of copper consumption.
• Supply remains a key concern as new mines can take years to permit, finance and bring into production.

Why It Matters

Copper is becoming increasingly important to both the digital and energy economies. While prices can remain volatile, rising electricity requirements and infrastructure investment are strengthening the long-term demand case for the metal and keeping copper producers and developers on investor watchlists.

Paramount-Warner Bros. Deal Clears U.K. Hurdle

Catch Up

Paramount Skydance's proposed acquisition of Warner Bros. Discovery moved another step forward after receiving clearance in the United Kingdom. The deal would bring together major film, television and streaming assets under one company.

What Happened

• U.K. authorities cleared Paramount's proposed acquisition of Warner Bros. Discovery.
• Paramount provided commitments covering areas including U.K. programming and editorial independence.
• The transaction still faces legal and regulatory considerations in the United States before completion.

Why It Matters

Media companies continue pursuing scale as streaming competition, content costs and changing viewing habits reshape the industry. Further consolidation could alter competitive dynamics across entertainment while giving larger platforms more content and distribution capabilities.

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Medicus Pharma (NASDAQ: MDCX) is developing a cardio-sparing hormone therapy aimed at treating advanced prostate cancer while addressing cardiovascular risks associated with existing therapies.

The company's approach targets the growing field of cardio-oncology, with the goal of maintaining cancer treatment effectiveness while reducing strain on the heart for patients already facing elevated cardiovascular risk.

📢  This Week's Selected Company News:

BriaCell Receives FDA Clearance for Prostate Cancer Study

BriaCell Therapeutics received FDA clearance to begin a Phase 1/2a clinical study of Bria-PROS+, its next-generation personalized, off-the-shelf immunotherapy for prostate cancer. The clearance allows BriaCell to move the program into clinical evaluation, expanding its oncology pipeline beyond breast cancer while building on earlier support from a US$2 million National Cancer Institute grant.

Learn more ➤

Carrier Connect Completes First U.S. Data Center Acquisition

Carrier Connect Data Solutions completed its acquisition of a data centre and related assets from Rochester Colo in New York, establishing its first operating location in the United States. The transaction expands the company's North American footprint and creates a platform for further U.S. acquisitions as Carrier Connect builds its network of colocation and data centre infrastructure.

Learn more ➤

📬 That’s a wrap for this week!

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